Assignment task:
The survival of any healthcare institution relies heavily on the reimbursement that they receive from insurance companies dictated by the contracts the provider negotiates. Operating as a business requires that healthcare institutions operate within a budget and perform cost/benefit analysis on the products they offer. Many hospital Boards maintain a business-driven culture.
Should a hospital focus on patient care requirements or approach healthcare from a business decision perspective?
Is there a way for them to do both, and if so, what would you advise?