Let It Pour: A Case Study Analysis
MGT/350
Abstract
The issues faced in the case of Faith Community Hospital are not at all unlike the issues faced by many of today's hospitals. Although health care costs in general have steadily increased, since 2002, the amount of the increases has declined from 15.2% in 2002, to 9.2% in 2005. Chris Smith has been tasked with an important first assignment. Her ability to provide feasible synthesis and problem solution will determine the fate of her new position and will seal or destroy trust by her new boss.
Let It Pour: A Case Study Analysis
"While is it encouraging to see cost increases stabilizing, the rate of growth remains unsustainable and the magnitude of health care costs continues to be a major concern for employers' bottom lines an employees' wallets" (IOMA, 2005). There are many contributing factors to the rising cost of health care coverage and the costs associated with providing health care. From the reduction in reimbursements due to insurance company mergers, to the decrease in HMO enrollments "the numbers are evidence of fewer and fewer individuals being covered by employer-sponsored health plans today" (Fine, 2005). Experts believe that "eventually the industry is headed toward consolidation into one national insurance company" (Fine, 2005). Unaffordable health care costs will sharply increase the number of uninsured Americans, making the problems faced by many of today's hospitals more dire than ever before.
Faith Community Hospital is being faced with changes as a result of rising costs and a decrease in patients. Wishing for more sick people would be a selfish and fruitless request, so the hospital is left to wish for b ...