A case study assessing the financial viability of a community hospital.
Written in 2006; 2,839 words; 5 sources; MLA; $ 84.95
Paper Summary:
This paper presents a financial analysis of a small community hospital that is facing a financial crunch in the near future. The paper describes the hospital's financial problems, the causes of those problems and what measures need to be taken in order to get the hospital back on track. In assessing these measures, the paper also outlines what the short-term and long-term goals of the hospital need to be and describes a strategy for implementing those goals.
Table of Contents
The Facts
The Pointers
Getting the Hospital on Track
Short-term Goals
Long-term Goals
Detailed Implementation Strategy
From the Paper:
"The Community Hospital in the present case study saw its beginnings during the mid-1800s and has come a long way since then serving a population of nearly 13,000 inhabitants. Its location from the nearest large city is 15 miles which itself has four major hospitals and 40 miles from the state capital with more medical conveniences. Apart from that, the Hospital also caters to the medical needs of five very small and nearby rural towns with a net total population which is estimated to be 35,000 inhabitants. It continues to be a general hospital since inception because of the presence of many large hospitals in its vicinity. Although the hospital has good doctors in attendance, majority of them have grown old in their profession and as such the Hospital will be facing a severe shortage of doctors 10-15 years down the line. The Hospital is facing a crunch on the financial front as the minimum occupancy rates have fallen well below the break-even point needed for the Hospital to stay afloat."
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