Essay About Number Of Patients And Financial Limitations Of The Hospital

Rosewater
Title of the Case: Rosewater HospitalTime Context:Perspective: Chief Executive OfficerCentral Issue: Addressing the financial limitations of the hospital as to continue the institutions operations due to the barely insufficient admission rate.Statement of Objectives:To align financial inflows of the institution to the outflows.To identify the areas of opportunity and do proper promotion and benchmarking.Areas of Consideration:42% of the beds idle leaving higher utilities expensesFixed cost of on the wages of employees regardless to the number of patients admitted.The hospital is compelled by law to admit any patient even if the person is not able to make a deposit payment.Alternative Courses of Action:Restructure the idle bed into economic-friendly wards.Schedule the employees according to the needs of the hospital.Set up a convenient payment schemes and discounts so that less financially abled patients can pay.Decision Matrix:Table 1.1 Decision Matrix TableVariablesAlternativesRestructure the idle bed into economic-friendly wards.Set up a convenient payment schemes and discounts, so our less financially abled patients can pay.Schedule the employees according to the needs of the hospitalRisks242Costs415Benefits531Ease of implementation531Total16119