Edgewood Lake Hospital: Investigating Five Critical Issues Jeopardizing Unprofitability - Essay Sample

Introduction

Human health is undeniably much gravitas, thus rubberstamping the fundamentality of the establishment of the Edgewood Lake Hospital as a rural region leader in the provision of quality care. However, despite the vitality of the hospital to the local rural community, the hospital is primarily plunged in a pool of losses (Rakich, Longest & Darr, 2010). The unprofitability trend of the hospital is, however, mainly emanating from the five most critical issues that have essentially jeopardized the financial position of the hospital. Therefore, it is not a choice but an inevitable prerequisite to addressing the five critical issues facing the hospital to improve its financial situation. Hence, the five crucial issues include population and demographics dynamics, the present condition of rural hospitals, quality care, government reimbursement, and national health policy.

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The Best Courses of Action for Immediate Implementation by Johnson

Notably, in the attempt to determine the most apropos courses of action for immediate implementation by Johnson, it is of gravitas necessity to consider the prime issues responsible for the jeopardization of the Hospital's financial position. Therefore, among the reintegration strategies is the unavoidable need to channel new revenue into the hospital (Ozden, 2018). However, for the accruement of new revenues by the organization, additional health professionals ought to be recruited mainly to minimize the costs of locum tenens and increase the number of patients (Skorup, 2018).

The leading loss-making causal factor in the hospital is the wellness center introduced by Johnson's predecessor, Fuchs. Thus, an apropos stagey will mainly be focused on developing an appropriate way of minimization of the losses emanating from the wellness center. Therefore, the other best strategic course of action by Johnson should revolve around the reduction of the wellness center budget. The saved expenditure will then be channeled into other profitable services (Land, 2017). However, the wellness center expenditure reduction is most likely to be characterized by adverse community reaction. To deal with the negative community response, Johnson should be transparent and elaborate to the community; the reason behind her decisive that is principally the restoration of the hospital to a profitability trend.

Nonetheless, Johnson should consider the immediate implementation of creativity, openness, collaboration, and transparency as her third course of action. Collaboration with other health institutions will enable the hospital to acquire the latest technologies in the provision of healthcare, thus minimizing losses (Jackson, 2017). Creativity will allow Johnson to be able to aptly balance her healthcare staff that is relatively limited in comparison to the workload.

Collectively, the advantage of closing the wellness center and joining a more extensive healthcare system is the realization of a significant reduction in the overall cost of expenditure. Therefore, in the long run, losses would be reduced, and profits increase (Glick & Greenberg, 2017). The advantage of investing in a rural health center is improving the quality of care. Hence, rural communities would be relieved from having to travel to large and metropolitan health facilities in urban centers to seek referral medical attention.

The disadvantage of closing the wellness center is an increase in the level of diseases among the local community members. The disadvantage of joining a larger healthcare system is the lack of satisfaction and contentment on individual health needs. The disadvantage of investing in a rural health center is unforeseen future outcomes and low profitability since the rural areas are typically defined with small and elderly populations as well as low incomes. Also, the other disadvantage of investing in rural areas is the lack of health professionals, thus leaving the investment vulnerable to losses (Franklin, 2018).

Conclusion

In conclusion, to improve staff recruitment, the staff ought to consider using creativity in the process. Some of the practices include providing pertinent information regarding compensation, incentives, and benefits that are available to rural health professionals (Land, 2017). the establishment of programs and organizations that provide critical support to rural healthcare experts recruitment and retention. Also, incentives and strategies should be established in communities mainly to attract the providers of healthcare.

References

Franklin, M. A. (2018). Healthcares Future. Frontiers of Health Services Management, 34(3), 16-28. doi:10.1097/hap.0000000000000025

Glick, M., & Greenberg, B. (2017). The Role of Oral Health Care Professionals in Providing Medical Services. Journal of Dental Education, 81(8s), e180-e185. doi:10.21815/jde.017.025

Jackson, V. M. (2017). Providers Can Meet Community Health Needs as Independent Partners. Frontiers of Health Services Management, 34(1), 35-40. doi:10.1097/hap.0000000000000014

Land, T. (2017). Editorial. Frontiers of Health Services Management, 33(3), 1-2. doi:10.1097/hap.0000000000000006

Skorup, T. E. (2018). Harnessing Technology Innovation to Improve Patient Care. Frontiers of Health Services Management, 34(3), 44-48. doi:10.1097/hap.0000000000000024

Ozden, S. A. (2018). Community-Based Mental Health Services in the eye of community mental health professionals. Journal of Psychiatric Nursing. doi:10.14744/phd.2018.00922

Rakich, J. S., Longest, B. B., & Darr, K. (2010). Cases in health services management (5th ed.). Baltimore, MD: Health Professions Press.