Imagine you are the corporate “turn-around” specialist who has been hired to save a 400-bed hospital in a large metropolitan area. It faces competition from two well-managed teaching hospitals, has ex

Imagine you are the corporate “turn-around” specialist who has been hired to save a 400-bed hospital in a large metropolitan area. It faces competition from two well-managed teaching hospitals, has experienced declining occupancy rates, and has been losing money for six years. Common sense and good business thinking says that the hospital should be closed. Political consideration will not allow that to happen. Suggest three steps the hospital could take to ensure its survival for the next five years and justify your selections. In replies to peers, provide additional steps that have not already been discussed and explain how you think these will help the hospital survive.

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