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What are financial benefits of being an academic facility

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Write 300 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas. Consider the following scenario: You are currently working at a large academic medical center in an urban community.

For the last several weeks, you have heard that other health care organizations are looking to build within a 10-mile radius of your organization. Your CEO has asked you to research the other organizations and how their services are similar and different to what a community based hospital such as Healing Hands Hospital currently offers.

Discuss the following questions:

What are some of the business and financial implications that may affect staffing, programs offered, and policies and procedures at community not-for-profit hospitals and large academic medical centers?

How do those business and financial implications differ between the two organizations?

What financial impact could occur if a for-profit-organization builds within your community? What are some financial benefits of being an academic facility?

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In this particular report, the analyst analyzed some of the implications of financial and business that may influence their staffing, programs offered by them and also the strategies and the techniques at NPOs and large profit-driven centers of medical and hospitals. Also in the next segment of the report, the analyst analyzed the point of differentiation between the two organizations. At the last, the analyst analyzed the financial advantages of being a facility of academics.

Reference no: EM131730731

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