Interim Hospital Management & Turnarounds
How is Your Hospital Doing?
As a hospital board member, how do you know if your hospital is becoming distressed? Here’s a quick list of ten warning signs. The hospital’s financial situation is deteriorating – declines in earnings and cash flow, increases in accounts receivable and accounts payable, and reduced net revenues. Patient volumes and market share are decreasing but expenses are not being reduced accordingly. Key medical staff leaders begin to defect. Poor decisions are being made resulting in … [Read More...]