HSM 541 Week 6 You Decide, Enhancing Middlefield Hospitals Financial Performance
Middlefield Hospital is in a financial crisis. The hospital has been doing badly financially recently, with one contributing factor being the introduction of another facility in the community. The hospital offers inpatient services, but lately, the number of patients admitted has been declining. The service is losing money because the current contracts with firms around are over two years old, the ICU and Mental health units are making losses, there is too expensive coverage of employee’s health without deductions, and the new nearby hospital has been providing wellness to the community, attracting more young families in the area………….