Question.3291 - You are currently working at a large academic medical center in an urban community. For the last several weeks, you have heard that other health care organizations are looking to build within a 10-mile radius of your organization. Your CEO has asked you to research the other organizations and how their services are similar to and different from what you currently offer.Discuss the following questions:What are some business and financial implications of the differences between community not-for-profit hospitals and large academic medical centers that may affect staffing, programs offered, and policies and procedures?What financial impacts could result if a for-profit organization was built within your community?What are some of the financial benefits of being an academic facility rather than a not-for-profit facility?
Answer Below:
Large xxxxxxxx medical xxxxxxx and xxxxxxxxx not-for-profit xxxxxxxxx have xxxx different xxxxxxxx and xxxxxxxxx structures xxxxx can xxxxxx staffing xxxxxxxx offered xxx rules xxx procedures xxxxxxxxx not-for-profit xxxxxxxxx operate xx tight xxxxxxx mostly xxxxxxxxx by xxxxxxxxx government xxxxxx and xxxxxxx money xxxx frequently xxxxxxxxxxx on xxxxxxxx basic xxxxxxxxxx services xxxxxx to xxx local xxxxxxxxxxx requirements xxxxxxxx to xxxxxxxxxx medical xxxxxxxxxx this xxxxxxx structure xxxxxxx concentrates xx vital xxxxxxxx and xxxxxxxxxxxxxx care xxxx staffing xxxxx less xxxxxxxxxxx On xxx other xxxx large xxxxxxxx medical xxxxxxx receive xxxxx from xxxxxx institutions xxxxxx for xxxxxxxx and xxxxxxx care xxxxx other xxxxxxx of xxxxxx These xxxx academic xxxxxx centers xx AHCs xxx important xxxxxxx in xxx creation xxxxxxxxxxx and xxxxxxxxxx of xxxxxxx technology xx advising xxxxx organizations xxxxxxx in xxxxxxx innovation xxx in xxxxxxxx future xxx present xxxxxxxxxxxxx Anderson xx al xxxxx facilities xxxxxxx a xxxxxx and xxxxxx skilled xxxxxxxxx because xxxx can xxxxxxx a xxxxxxx range xx specialized xxxxxxxx state-of-the-art xxxxxxxx and xxxxxxxx medical xxxxxxxx Academic xxxxxxx facilities xxxx twin xxxxxxxx of xxxxxxx care xxxxxxxxx and xxxxxxxx reflected xx their xxxxxxxx and xxxxxxxxxx This xxxxx to xxxxxxxx criteria xxx innovation xxx compliance x for-profit xxxxxxx joining xxx community xxxxx have x big xxxxxxxxx impact xxxxxxxxxxxxx and xxxxxxxxxx are xxxxx first xxxxxxxx in xxxxxxxxxx hospitals xxxxx frequently xxxxxxx in xxxxxxxxxx marketing xxxxxxx and xxx even xxxxx patients xxxx from xxxxxxxx and xxxxxxxxxx facilities xx providing xxxxxxxxxxx services xx competitive xxxxxxx This xxxxxx may xxxx to xxxxx patient xxxxxxx and xxxxxx for xxxxxxxxxxxxxxxx hospitals xxxxxxxxx them xx modify xxxxx financial xxxxxxxxxx such xx by xxxxxxxxxxxx cost-cutting xxxxxxxx or xxxxxxx for xxx sources xx income xxxxx are xxxxxxx financial xxxxxxxxxx to xxxxx an xxxxxxxx facility xxxxxxx of x not-for-profit xxxxxxxxxxxxx Government xxxxxx and xxxxxxx research xxxxx are xxx major xxxxxxx of xxxxx that xxxxxxxx medical xxxxxxx frequently xxx These xxxxxx can xxxxxxx various xxxxxxxx projects xxx clinical xxxxxx stimulating xxxxxxxxxx and xxxxxxx in xxx medical xxxxxxxxx University xxxxxxxxxxxx can xxxx offer xxxxxx to x wider xxxxx of xxxxxxxxx including xxxxx for xxxxxxxxxxxxxx development xxxxxxxxxxxxx programs xxx financial xxxxxxxxx The xxxxxxxxxx backing xxx fundraising xxxxxxxxx bolstered xx their xxxxxxxxxx might xxxxxxx strengthen xxxxxxxx centers' xxxxxxxxx position xxxxx benefits xxxxxxx academic xxxxxxx institutions' xxxxxxx financial xxxxxx by xxxxxxxx them xx provide xxxxxxxxxxxxxxxx care xxx draw xxxxxxxx looking xxx specialized xxxxxxxxx nbsp xxxxxxxx G xxxxxxxxx E xxx Heyssel x The xxxxxxx role xx the xxxxxxxx health xxxxxx Health xxxxxxx - xxxxMore Articles From Operation Management
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