You are the recently appointed Director of a large urban and rural hospital whose primary source of...

You are the recently appointed Director of a large urban and rural hospital whose primary source of income is Medicaid patients.

COVID has wreaked havoc on your finances, Federal state funding is down by 30%, and you may have to reduce services and lay off staff.

Using models from Ginter, and at least five outside sources, explain and discuss how you would bring stability back to this institution while not sacrificing needed services.

Expert Solution

As the COVID-19 outbreaks continues to wreak havoc on markets and industries all around the world business and other medical, non medical organisations are now facing significant and unique challenges. Successful navigation of these issues needs a thoughtful and comprehensive planning.

In order to accomplish stability back to this institution while not sacrificing needed services.

* Allocate funding to the institution, business sector, medical industries from government as well as other federal funding system

* Expand Tele health services in medicare, including services unrelated to covid treatment

* Empowers the Department of Commerce, through the Minority Business Development Agency, to provide grants to minority business centers and minority chambers of commerce to provide education, training and advising related to accessing federal resources.

* Encourage online jobs and technology in order to maintain same productivity

* Ensure unemployment compensation from government or other funding sectors to the individual

* Encourage homework, which can make use of each individual

* Arrange shift duties inorder avoid unemployment for individuals

Nightingale answered 2 years ago

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