KELLER HSM 541 Week 6 You Decide Recommendations Memo
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HSM 541 Week 6 You Decide Recommendations Memo
You have been the CEO of Middlefield Hospital for 2 1 / 2 years and finally resolved the workforce challenges that plagued the hospital when you first arrived . In a recent meeting , the chief financial officer ( CFO ) indicated that the financial performance of the hospital has been deteriorating over the last 6 months . The hospital is not meeting its budget and he is concerned about the future . The new facility across town has continued to cut into Middlefield ' s market share by admitting more patients . The number of admissions to Middlefield Hospital is declining each month , and more uninsured patients are seeking services at your facility . You convene the Middlefield Hospital management team and discover a few interesting facts , which are identified below .
The payer mix of Middlefield Hospital is comprised of more and more Medicare , Medicaid , and uninsured patients , and fewer patients have commercial insurance . This is reducing overall reimbursement and net income for the hospital . The nearby