Review the scenario below and answer the questions that
follow:
ABC Hospital is a small, privately owned community
hospital. It has been struggling to survive financially, as reimbursement rates
have declined and consumers are being drawn to the larger state-of-the-art
hospital facilities in urban areas that are perceived to have better quality.
ABC Hospital was built in 1960 and has been operating in the same manner for
many decades. The hospital meets legal and regulatory requirements but has not
kept pace with some of the newer technologies and patient conveniences becoming
more prevalent in the health care industry.
·
What strategies can
the organization take to survive, improve its performance, and compete with
other hospitals over the next 5 years?
·
What are some
advantages or disadvantages of these strategies? Provide specific examples to
support your answers.
