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Pages:
1 page/≈275 words
Sources:
2 Sources
Style:
APA
Subject:
Health, Medicine, Nursing
Type:
Coursework
Language:
English (U.S.)
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MS Word
Date:
Total cost:
$ 5.83
Topic:

Recommendations for Atlanta Medical Center (AMC) to Reduce the Negative Revenue Standing

Coursework Instructions:

Thank you for your discussion and advising of the importance of strategies. It is extremely important that the organization develops a strong financial strategy to ensure the viability of the organization. One of the two Level 1 Trauma centers here in Atlanta, Atlanta Medical Center, announced on yesterday that they will be closing its doors for good on November 1st. This facility has service a very large underserved area here in Atlanta. There is great concern that this community will suffer and there will be increased mortality outcomes due to this closing. The article and news outlets advise that this facility has operated at a loss for years. This outcome can be contributed to the community it serves, the change in Medicare/Medicaid/Private reimbursements, lack of insurance from the patient population, or mismanagement of funds.
What would your recommendation be, utilizing the discussions we have had surrounding structures, strategies, and SWOT, to reduce the negative revenue standing to prevent a close from occurring?
https://www(dot)wsbtv(dot)com/news/local/atlanta/atlanta-medical-center-downtown-close-november-1-officials-confirm/HPDIX6V555GEZGN2S7OZEAAWGA/
Above is the hospital system she is speaking about. Please answer the question and reflect back to the discussion #00151916 uploaded.

Coursework Sample Content Preview:

Recommendations for Atlanta Medical Center (AMC)
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Department, University
Course Code: Course Name
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Recommendations for Atlanta Medical Center (AMC)
In order to effectively manage the revenue standing to avert potential closure, AMC should redesign its structures and innovate toward the patient-centered (PC) hospital model. First, AMC must change its organizational structure from a functional to a process-based model. Second, its understanding of the organizational unit concept should transform to respond to the healthcare needs of the metro Atlanta populations and manage relationships across specialties. The third recommendation for structure redesign includes AMC rethinking its utilization of resources, including equipment, beds, and operating rooms, and regulating them from a centralized logistical model to enhance efficiency (Fiorio et al., 2018). Regarding strategies, I would recommend AMC implement strategic leadership and communication competencies tailored to ensure the successful implementation of the changes mentioned above (Harrison, 2016). Within the process-oriented organizational structure, AMC leaders would apply innovative strategies to create and implement a quality scorecard to provide an opportunity for patients to match the care prices with safety and quality outcomes. This would address health care costs, guarantee better treatment outcomes, and hospital financial sustainability (Walston, ...
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