Back on track. Leading a hospital turnaround.
Taking a failing hospital from the brink of financial ruin and turning it into a thriving, profitable entity takes more than a dose of good luck. It takes a strong leader who has the vision, determination and skill to execute a successful turnaround and put that hospital back on track. In addition to addressing financial factors, an effective leader will promote a good working relationship between the hospital management, board, staff, patients, caregivers and community members. Following are seven California hospitals that have all faced financial crises in recent years. These hospitals have made the transition out of the red and into the black with the kind of leadership that relies on trust, teamwork, common sense and ingenuity.
D016361:Bankruptcy; D002140:California; D017046:Cost Savings / Q000379:methods; D005377:Financial Management, Hospital / Q000379:methods*; D006754:Hospital Restructuring / Q000191:economics*; D011340:Problem Solving