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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1664 |
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One year ago the hospital's costs were $217.00 per patient per day. The latest figures from the accounting department show that figure has increased to $240.00. The bottom line is that either the hospital has to reduce costs or increase patient count to remain profitable. Attempting to cut 15% of our fixed costs could seriously impact our ability to provide quality healthcare for our patients...
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Attempting to cut 15% of our fixed costs could seriously impact our ability to provide quality healthcare for our patients. The negative publicity in the media and within the community could have a "snowball" effect and end up hurting us even more in the long run.
The first step in attempting to resolve the financial issues should be to review all current fixed costs and determine whether or not there are any potential cost saving measures that can be implemented...
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