Turnaround Strategies for Hospitals
For struggling hospitals, challenging the status quo may be the only way out of the zone of insolvency
For “struggling hospitals, challenging the status quo may be the only way out of the zone of insolvency" according to a recent article published in Trustee Magazine.
According to the authors, “Today's financial rehabilitation requires rethinking the usual turnaround strategies and taking a more comprehensive perspective and approach to creating and implementing turnaround solutions; thinking shouldn't be limited to just financing tactics such as debt modifications.”
Read the complete article, which offers five potential turnaround strategies for consideration by authors Robert Clarke, Forensic & Dispute partner and national practice leader for the Health Sciences & Government industry for Deloitte Financial Advisory Services LLP and Bruce Buchanan, managing director with Healthcare Management Partners LLC.