Cool, calm, and collected: medical center successfully regroups after financial crisis.
Declining Medicare payment. Increasing competition from niche players. Rising labor costs. Waning commitment of employed physicians. Taken alone, each of these circumstances can pose a significant challenge for a healthcare organization. Together, however, they can add up to a severe financial crisis. Via Christi Regional Medical Center in Wichita, Kan., learned that surviving such a crisis depends on rapid implementation of a well-conceived action plan, taking into account the multiple perspectives of leadership, physicians, staff, and patients.
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Randall G
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Via Christi Regional Medical Center, Wichita, Kan., USA.
Whetsell
George
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D004526:Efficiency; D017598:Efficiency, Organizational / Q000191:economics*; D005376:Financial Management / Q000379:methods*; D006268:Health Facilities / Q000191:economics; D058016:Health Facility Administration; D007615:Kansas; D019982:Organizational Case Studies