Middlefield Hospital

As the school principal executive Office of Middlefield infirmary, it has been brought to my forethought by the Chief Financial Officer that our financial military operation has been deteriorating for the past six (6) months. It has wishwise been brought to my attention that the sensitive facility has been admitting more(prenominal) new patient ofs and our admissions have been declining. The number of uninsurable patients has change magnitude over this period of time. The commission group has identified somewhat other provoke facts that atomic number 18 possibly hurting the report of Middlefield Hospital. My determination is that the financial act of Middlefield Hospital needs to be improved.Research has shown that hospitals argon in operation(p) on tight budget e precise over the world, and they need to find dash to reduce their costs and besides tense to manage productivity in totally areas and job categories. I have essential some strategies and recomme ndations for Middlefield Hospital that go out cooperate us to improve the financial feat of the hospital. I leave individually phone for each one of the facts discovered by the management group and discuss the proposed recommendations for each. The payer rumple of Middlefield Hospital is comprised of more and more Medi sustentation, Medicaid, and uninsured patients and fewer patients have commercial insurance.This has caused a decrease in the net income of the hospital. Therefore, I think we should considering more advertising to gain the new come. Advertising should and will close in more profitable patients. The nearby hospital that competes with Middlefield has opened a wellness marrow squash that stretchs a comprehensive array of stay and wellness serve to the community. Wellness cracker bonbons offer offer dishs that are truly useful and convenient to the community. Some of these service are skin tending and be services, which include fitness services, perso nal gentility and nutrition consulting, chiropractic, holistic medicine, and acupuncture.(http//www. salonbuilder. com/info/wellness-centers. html)I also think we should open a wellness center that offers a full service fitness center to accommodate the community. We should forecast into the services that this other nearby hospital is providing in their wellness center, and we should extend our services to the ones they are not offering. Our wellness center should also include a retail store to allow the patients to purchases the products that we use on them. I know this will ask a specially trained staff, and we will make sure that the staff is fitted with all certifications needed.Also, in lieu of the wellness center, we should offer a monthly wellness fair for new and existing patients. This monthly wellness fair will also draw new patients to the clients. Most of Middlefields managed care contracts are more than 2 years old. In hopes of getting a handle on the managed care contracts, I would like to assign a team of personnel to specifically handle and keep on the various managed care contracts. I would like for this team to make sure that we are getting the best out of these contracts. The team will know what our goals are in the first place deciding on a managed care contract.Some of the goals that would be considered are Increasing or protecting revenue Aligning with other practices that already contract with the specific Managed plow Organization (MCO) Fostering a descent with certain MCOs Increasing/protecting our patient panel The Joint Commission study is scheduled for next year, and there are significant problems with the hospitals musical note improvement program. To improve the quality program, each department will be designate a staff member to reassessment with patients after their hospital stays or visits via email or telephone.We will also send out surveys to all patients for feedback on their visits. Surveys will also be getab le to visitors for feedback on their visiting experience at the facility and their interaction with the personnel of the facility. take note up will be very important for providing good quality care. The health plan offered to employees is getting more overpriced each year. The benefits director has been asked to look for more cost effective health care plans that are more affordable to our employees. I am spend a pennying on some financial incentives that I can offer to the employees to help curtail the cost of the health plans.The benefits director will also work with the health care plan providers to date that we are choosing the best health plans for our employees. With the strategies and recommendations I have suggested, it is hopeful that Middlefield Hospital will overcome its poor financial performance. I am looking for Middlefield Hospital to supervene upon its competition and excel with its reputation and performance to the communities and areas that it serves. We striv e to provide outstanding health care services to all who hold our facilities.