Interim Hospital Management & Turnarounds
Read an article written by Peter J. Betts and published in Trustee Magazine, a premier information source for hospital board members and executives alike.
This article is devoted to identifying distress signals at your hospital or healthcare system before they escalate so that turnaround can achieved with minimal damage and limited expense. Precisely what Peter J. Betts and Associates is committed to.
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...]