Project Overview

Healthcare organizations are strategizing on how they can maintain profitability while providing quality healthcare services to their patients. In the rapidly changing healthcare industry organizations such as hospitalsmustremain competitive, offering services that attract healthcare personnel, while meeting the demands of the consumer. When they are unable to meet those needs, they often find themselves scrambling to turn a profit and eventuallytheyhavetoshut their doors. This has had a particularly drastic impact on rural hospitals since it is often harder for rural hospitals to attract qualified physicians, maintain and increase their client base, and have enough profit to purchase advanced healthcare equipment.

For this project, choose a rural hospital in your home state(Chatuge Regional Hospital Georgia) that is facing financial challenges or has faced financial challenges. As the Chief Financial Officer (CFO) of the healthcare organization, you will address issues and concerns, create initiatives,and implement strategies from a financial management perspective in hopes of turning the hospital around. InModule 05, youwill be asked to useonemillion dollars of grant money in a way that would benefit the organization.