Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Directions Initial Posting For this week's discussion question, you will explore the strategic management process. You are the Associate Director for Rankin General Hospital
Directions Initial Posting For this week's discussion question, you will explore the strategic management process. You are the Associate Director for Rankin General Hospital in Savannah, GA. The CEO is in the process of finalizing the $80 million budget. As part of this process, there are 6 off- site-clinics that were started 3 years ago to provide primary health care to residents living in the poorest neighborhoods that need to be addressed. These clinics are diverting much needed funds from the main facility. Also, some of the clinics are in a state of disrepair, which is not in keeping with the image of the hospital, which is high-quality care. The clinics costs about $1.3 million to operate and resulted in a loss of $275,000. The organization needs more revenue generating services. There are 4 in-house clinics (surgery, pediatrics, gynecology, and internal medicine). These clinics costs $250,000 a year and a loss of $75,000 was reported. There has been a 15% drop in clinic visits. The CEO wants the organization to be more competitive. Other facts you have uncovered: 1. Funding is needed for expansion of the neonatal ward, operating theater, MRI unit, and upgraded IT systems; 2. Without some of these projects, it is going to be hard to attract top talent; 3. There has been talk of getting ownership in services offered by private practices (for example, the MRI; 4. Cutting staff has been listed as an option to cut costs but could impact the quality of care; 5. There is a community perception that the care is lacking; 6. There could be backlash from the community and others if the clinics are closed and staff is cut; 7. A proposal has been made to drive the residents of these areas to the in-house clinics; 8. The number of prenatal visits have declined over the last 13 months. This service accounts for 60% of the clinics' business; 9. Other types of clinic visits have remained steady, with a noted increase in substance abusers since the implementation of the clean needle program; 10. The city cut funding for prenatal outreach to the low-income neighborhoods; and 11. The inpatient referrals from the clinics has increased over the last 6 months. Your job is to provide sound strategies that will address these issues and give the organization a competitive advantage by considering the following strategic management process: 1. Ensuring the mission and vision are being adhered to; 2. Identifying the priorities from the list above; 3. Identify short-term goals, functional strategies, and success measures to address the issues listed above (should all be addressed or the top few on the list of priorities); 4. How you would implement the strategies; and 5. How to evaluate and monitor progress The strategies should be presented as a memorandum to the CEO. The initial posting should be prepared as a Microsoft Word document, and then attached to the unit discussion thread. There is no minimum or maximum in terms of the word count; however, the response should explicitly address all required components of this discussion assignment. The document should be prepared as a practical business deliverable (single-spaced) and reflect higher-level cognitive processing (analysis, synthesis, and evaluation). Support the initial posting with at least 3 references of credible or peer-reviewed sources. The in-text citations and the list of references should be consistent with the APA writing style (7th ed.). To earn the maximum number of points for the initial posting, the overall quality of the writing should be consistent with that expected of a college student and industry professional.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started