Case Study Midwest Healthcare System

It is December 2008, and you have just accepted an appointmen as the Chief Financial Officer (CFO) position at Midwest Healthcare System. Dr. Montana is the system’s President and Chief Executive Officer (CEO). Your peers on the Executive Team include Mr. Clark, the Chief Operating Officer (COO), Dr. Jordan, the Medical Director, and Ms. Palfrey, the Vice-President of Nursing.
When Dr. Montana announced your appointment to the organization, he stated that your primary objective would be to reverse the ominous financial trend of operating losses that started early FY 2008; the trend is expected to continue into FY 2009.
During FY 2008, some of the operating losses were offset with emergency infusions of investment income from restricted net assets; however, in November, the Midwest Healthcare System Board of Trustees passed a resolution prohibiting that practice. Consequently, investment income is now restricted to capital expenditures only.
Midwest Healthcare System is a not-for-profit corporation that comprises a 120-bed acute care hospital, a skilled nursing facility, a rehabilitation center, a home healthcare agency, and some outpatient clinics. The hospital is the only major facility within 50 miles of the rural community of approximately 40,000 that it serves.
Action Items
Based on the scenario in the Overview, you will need to meet with each member of the executive team to determine how best to address the various issues surrounding Midwest’s operating losses and the effect of the board’s resolution.
Write a three-page paper in which you:
Develop a specific set of realistic questions (at least five per member) that you will ask each of the three executive team members based on their specific roles, responsibilities, and perspectives regarding the causes of the operating losses and the potential resolutions. Focus on questions related to the following topics. However, you may address other topics not included in this list:
Assets, liabilities, and net worth
Sources of revenue
Direct and indirect costs
Operating budget
Capital expenditures
Develop a list of specific actions, which will form the foundation of an action plan, that you will take to begin address Midwest Healthcare System’s operating losses.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 30% with the discount code HAPPY