question archive Rosewater Hospital is a medium-sized institution that provides health care and other treatment services to patients
Rosewater Hospital is a medium-sized institution that provides health care and other treatment services to patients
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Rosewater Hospital is a medium-sized institution that provides health care and other treatment services to patients. Situated in Manila, it was founded by a group of professional physicians who joined hands to work for the community and the sick by providing medical care, therapy, and other forms of medical intervention. Rosewater Hospital is a four-storey building with 85 beds. The hospital offers varying services in different departments. The Emergency Rooms is situated on the ground floor; the Trauma Room provides acute services, including Resuscitation Room Bed; the Cardiology Room takes care of heart patients; while newborn babies are in the Nursery Room. In addition, Rosewater Hospital an Intensive Care Unit, a Laboratory Room. Other specialized wards, and outpatient departments that serve patients who are not admitted in the hospital. Common support units includes a pharmacy, pathology, and radiology units, the Admission, Records, Information Technology, and Accounting Offices, a canteen for dining services, and the Maintenance, Facilities, and Security Departments. It likewise has a doctor's ward where freelance physicians treat their patients in their own clinics. In other words, Rosewater Hospital is a complete hospital.
• The Hospital has 289 employees; physicians, nurses, assistants, managers, staff, maintenance, guards, and other personnel with specialized functions. Some work for eight hours while others work on a 12-hour shift. In a nutshell, the employees are highly competent, approachable, and patient; hospital charges are reasonable with quality service. Furthermore, the admission rate vis-à-vis the number of available hospital beds is 58%. Given this admission rate of 58%, Rosewater Hospital has to deal with high electrical bills, considering that all rooms are air-conditioned. Secondly, the wages and salaries of their employees are fixed costs regardless of the number of patients admitted. Thirdly, Rosewater Hospital is compelled by law to admit any patient even if the person is not able to make a deposit payment. Hired a consultant, what suggestions can you give the Chief Executive Officer of Rosewater Hospital to deal with these financial challenges? Need action plan.
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One of the suggestions is that Rosewater Hospital has to reduce staffing costs. The management should ensure that the data drives the staffing decisions of the hospital (Dunn, 2020). With a 58% percent admissions rate, the facility certainly is overstaffed, which could be causing the financial strain. Therefore, there is a need to reduce the staff at the healthcare center. Since all rooms in the facility are air-conditioned, the hospital should attempt to turn to term them into economically efficient rooms. This strategy will help reduce the electricity costs continuously incurred by the hospital. What is more is that Rosewater Hospital should consider marketing its services through advertisement and other promotional strategies. This approach will increase the number of patients visiting the facility, consequently increasing the profitability of the hospital. Although the hospital has to admit patients even when they cannot make deposit payments, it should develop payment plans that will ensure that the patients eventually pay off their debts. Furthermore, outsourcing some services such as security and maintenance would eliminate the need to hire staff for these tasks, thus lowering operational costs (Dunn, 2020)
References
Dunn, L. (2020). 10 best practices for increasing hospital profitability: Hospitals today face many challenges including an economic recession, increases in uninsured care and growing competition for outpatient services. However, there are still many steps hospitals can Tak. Becker's Hospital Review - Healthcare News. https://www.beckershospitalreview.com/news-analysis/10-best-practices-for-increasing-hospital-profitability.html
