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Essay / Research Paper Abstract
A 4 page paper discussing the case of Faith Community Hospital, one that has failed to accurately gauge the changes occurring in and around it, and now it finds itself with immediate need to take action on several fronts. There is no clear policy in existence in several areas of operation, resulting in chaotic scenarios in which employees take the action they believe at the time to be best, without always having a clear understanding of the entire situation. The paper recommends that the hospital adopt the Triple Bottom Line business model and so treat its economic, social and environmental isses separate. Bibliography lists 1 source.
Page Count:
4 pages (~225 words per page)
File: CC6_KSmgmtHospTBL.rtf
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Unformatted sample text from the term paper:
has failed to accurately gauge the changes occurring in and around it, and now it finds itself with immediate need to take action on several fronts. There is no
clear policy in existence in several areas of operation, resulting in chaotic scenarios in which employees take the action they believe at the time to be best, without always having
a clear understanding of the entire situation. Health care costs continue to increase while patient load declines. This is the state that has been decried and predicted for
years, yet the CEO seems to be surprised that the predictions proved true. Government involvement is burdensome, though the CEO appears to want to believe that the hospital can
gain some relief from the government, because of his disappointment in the fact that close involvement by Medicare or Medicaid results in higher costs at Faith Community.
The answers to the CEOs dilemmas are not simple, but neither are they as complex as his hand-wringing would indicate. The suggested path for Faith
Community Hospital to follow is that defined by the Triple Bottom Line (TBL) business model. The Triple Bottom Line The CEO is highly
aware that Faith Community hospital deals in "product" much more valuable than anything that could be produced by a factory or dealt with in financial terms. At the same
time, he needs to integrate some of the same management principles that apply to the production of so many widgets. The TBL allows that to happen without slighting any
specific group. The primary focus of business - and its stakeholders - is that of the "bottom line," that portion of annual and
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