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... In this case study, I will focus on poor financial indicators, primarily because I believe this is the root of all of the other problems mentioned. ...
Improving Faith Community Hospital’s Financial Status - Case Study
In researching for this case study, I found several different problems that can cause a non-profit hospital to show poor financial indicators. ... From their studies, Stensland and Milet also discovered that “no rural small-town hospital with fewer than 300 discharges was classified as financially successful, and no hospital with more than 2,500 discharges was classified as financially struggling. Volume of discharges can be very detrimental to any hospital. If more patients are being discharged than those who are being admitted, hospital funds will increasingly decline. ... It’s simple; it means, because Faith Hospital is a non-profit hospital, it retains a high number of uninsured patients who are more likely unable to pay their bills. Therefore, Faith takes a loss. ... Whether or not the hospital is in a rural, urban, or economically stable area could play a major part in this dilemma. ... People are more likely to go to a reputable hospital with the latest technology and accredited staff. If the hospital up the road has a better reputation, it is more likely patients will choose them. Stensland and Milet interviewed hospital administrators who said that bad debts, poor physician relations, and broad mission statements might also be a contributing factor to certain hospital’s financial problems.
Approximate Word count = 1167
Approximate Pages = 4.7
(250 words per page double spaced)
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