Leading a Hospital Turnaround

Book excerpt: "No healthcare organization is immune to financial decline. Healthcare leaders must be able to recognize the warning signs of financial distress and take action to maintain or restore their organization s financial health. The author of this step-by-step manual shares what he learned while leading several successful financial turnarounds. Along with concrete tools and action plans, he provides candid advice about minimizing the fears of employees, physicians, and board members. In this book, you will learn how to preserve crucial relationships while directly addressing difficult questions. Special considerations based on organizational type (academic medical center, faith-based institution, public entity, or for-profit entity) are also addressed."--