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 your organization 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?