Caritas Norwood Hospital: back from the brink.
Caritas Norwood Hospital and its affiliates went from $17 million in the red to a $4 million profit after implementing comprehensive financial and operational strategies, which included reengineering the revenue cycle, outsourcing some services, and focusing on the hospital's core business. External pressures were out of the hospital's control, but a comprehensive analysis identified many internal problems that the hospital had to resolve. The new management team also uncovered many undisclosed problems when it took the reins.
Guyon
Robert E
RE
Caritas Norwood Hospital, Norwood, Mass., USA. rguyon@cchcs.org
D000067:Accounts Payable and Receivable; D002410:Catholicism; D017598:Efficiency, Organizational; D005377:Financial Management, Hospital / Q000379:methods*; D006754:Hospital Restructuring / Q000191:economics*; D016519:Hospitals, Religious / Q000191:economics*; D006788:Hospitals, Voluntary / Q000191:economics*; D008404:Massachusetts; D009096:Multi-Institutional Systems / Q000191:economics; D019982:Organizational Case Studies; D009937:Organizational Objectives; D010934:Planning Techniques