“Operating Margins” Please respond to the following:
- Imagine you work for a hospital where the operating margins have been
consistently below national norms for the past three (3) years. Discuss one (1)
key driver of the below average performance. Suggest one (1) strategy to improve
the future management of the driver that you’ve discussed.
- Suppose you work for a hospital that was denied a contract with an HMO last
year. Legal counsel believes there was a breach of contract and wishes to bring
suit against the HMO for damages. The chief executive officer has asked you to
work with the controller to develop a defensible measure of the damages
experienced during the last year. Create an argument for the reimbursement of
damages in which you indicate the denial’s resulting impact to patient care.
Provide support for your argument.