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You are the CEO of a 400 bed hospital that is experiencing some very difficult financial times. Operating room (OR) surgeries are down 20%,
You are the CEO of a 400 bed hospital that is experiencing some very difficult financial times. Operating room (OR) surgeries are down 20%, outpatient (OP) procedures continue to decrease, and employee turnover is at an historic increase of 20%. The OR and OP volumes are the primary revenue generating engine for the hospital. The YTD operating margin is 10% unfavorable to budget. As the CEO, you must make some tough decisive decisions on how to get the hospital back on financial track. Provide a substantive post on the importance of decision making skills in this situation. Discuss in detail the different steps the CEO should take in the decision making process in order to improve the current situation. How will the CEO incorporate coordination and cooperation in the planning process? Discuss the most effective communication techniques that should be considered. Should the CEO be concerned about any potential legal liabilities as strategies are being considered to improve OR surgeries and/or OP procedures
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