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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 Some particular strategies that Middlefield hospital should follow to enhance its financial performance. First the$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 Some particular strategies that Middlefield hospital should follow to enhance its financial performance. First the
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Western Governors University
Week 6 You Decide .docx HSM541 Week 6: You Decide Keller Graduate School of Management Health Service Systems - 60106: HSM541 Some particular strategies that Middlefield hospital should follow to enhance its financial performance. First the Middlefield hospital should invest ...
week 6 you decide docx hsm541 week 6 you decide keller graduate school of management health service systems 60106 hsm541 some particular strategies that middlefield hospital should follow
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HSM541
Week 6: You Decide
Keller Graduate School of Management
Health Service Systems - 60106: HSM541
Some particular strategies that Middlefield hospital should follow to enhance its financial
performance. First the Middlefield hospital should invest in advertisements, and thereby
can enhance its profit with the help of maximized market share or optimum prices. Second, it
can apply intricate auditing procedures as a method to minimize costs, access accounts payable
accumulations, or access their legality with shareholders and contributors. Hospital can enhance
its effectiveness via professional management. For example, for-profit and unlucrative
hospitals are liable to give compensation for managers to invest in advertisements to
augment the market division. Furthermore, advertising is likely to achieve promising revenues
in these hospitals by alluring advantageous patients. Authority and regional hospitals on the
other hand, may concentrate on cost limitation and sustaining their legitimacy with shareholders
and so invest in auditing sources but limit optional expenses on advertisements.
Applying performance management equipments and procedures created and refined in other
sectors, like the Balanced Scorecard, Middlefield hospital can also maintain its performance
actions in spite of mass exodus in leadership, circumstantial critical situations, and economical
imperfections. It can also actuate strategy knowledge, making strategy everybody’s
accountability. Appealingly, these equipments can assist hospital build a culture
of modification which will be required to obtain future analytic and possible superiority.
(PWC.com)
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