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Summary Week 6 You Decide.docx HSM541 Week 6: You Decide Keller Graduate School of Management Health Service Systems - 60106: HSM541 Particular strategies that Middlefield hospital could follow to enhance its financial performance, would be, for starters, M$7.49
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Summary Week 6 You Decide.docx HSM541 Week 6: You Decide Keller Graduate School of Management Health Service Systems - 60106: HSM541 Particular strategies that Middlefield hospital could follow to enhance its financial performance, would be, for starters, M
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Week 6 You D HSM541 Week 6: You Decide Keller Graduate School of Management Health Service Systems - 60106: HSM541 Particular strategies that Middlefield hospital could follow to enhance its financial performance, would be, for starters, Middlefield Hospital should invest in their advertisem...
week 6 you decidedocx hsm541 week 6 you decide keller graduate school of management health service systems 60106 hsm541 particular strategies that middlefield hospital could follow to enhan
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HSM541
Week 6: You
Decide
Keller Graduate School of
Management
Health Service Systems - 60106:
HSM541
Particular strategies that Middlefield hospital could follow to enhance its financial
performance, would be, for starters, Middlefield Hospital should invest in their advertisement.
By doing so could potentially enhance their profit with the maximized share market or
optimum prices. Second, they should apply intricate auditing procedures as a way to minimize
costs, access accounts payable revenue, or access the legal binding between their contributors
and shareholders. Another way to enhance their effectiveness is through professional
management. For example, for-profit hospitals can give compensation to management in order
to invest in the advertisement in order to become more appealing to the marketing division.
Furthermore, advertising is to achieve promising revenue for the
hospitals by substantial patients. Regional hospitals on the other hand, may concentrate on cost
limitations and sustaining their relationship with shareholders. Also, this is in order for them to
continue investing in auditing sources and limit optional advertisement expenses.
By using performance management procedures and equipment, such as the Balance
Scorecard is useful because it will not only allow, in other sectors creativity and refinement but
it gives management a true view of where staff may need additional training. Another way
Middlefield Hospital can maintain their performance actions when it comes to leadership,
regardless of the situation at hand, is by establishing policies and procedures when it comes to
critical circumstantial imperfections and economical critical situations. Also, there is the
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