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Students Name Institution Course Date Financial problems facing Phelps and its medical staff in 2010? Phelps’s CEO attributes the hospital financial problem to a national health reform recently passed in that time. Mr. Safian has estimated that the change will negatively impact Phelps hospital by $3.5 million for each subsequent year up to ten years. The CEO reveals that the Medicare and Medicaid reimbursement is at a percentage lower than cost. Another revelation is that Phelps operates at 1.8% profit margin whereas the price has increased by an average of 10.3% since 2007 to 2009. Aside from the financial aspect the physicians have also been a problematic lot for the institution. For instance the Specialist demand to be paid when on call for the emergency department. The Specialist also wants to be paid when they refer patients and when they see Indigent and Medicaid patients (Lane 273-280). What are me to my patients and my job. The hospital also expects a responsible employee who builds the name of the institution and not tarnish it. References Clarkson Kenneth W. "Some implications of property rights in hospital management." The Journal of Law and Economics15.2 (1972): 363-384. Genet C. A. Brennan P. F. Ibbotson-Wolff S. Phelps C. Rosenthal G. Landefeld C. S. & Daly B. (1995). Nurse practitioners in a teaching hospital. The Nurse Practitioner  20(9) 47-54. Fine Michael J. et al. "Differences in length of hospital stay in patients with community-acquired pneumonia: a prospective four-hospital study." Medical care 31.4 (1993): 371-380. Lane Sarah Gunther Elizabeth Longstreth and Victoria Nixon. A Community Leader's Guide to Hospital Finance: Evaluating How a Hospital Gets and Spends Its Money. Access Project 2001: 273-280. Wilson Barbara L. et al. "Bullies at work: the impact of horizontal hostility in the hospital setting and intent to leave." Journal of Nursing Administration 41.11 (2011): 453-458. [...]

Order Description:

Answer the questions at the end. At least one reference per question.

Subject Area: Medical

Document Type: Dissertation

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $10

Words 275

Pages 1

Completed in 2 days

Expert Stephen M

Client Review

Fantastic Work!


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