Massachusetts General Hospital: Cabg Surgery (A)
MASSACHUSETTS GENERAL HOSPITAL: CABG Surgery (A)
Today, governmental, corporate and individual customers increasingly are resisting insurers' attempts to pass on rising healthcare costs. Healthcare providers' costs meanwhile are escalating in the face of an aging population, expensive technologies and therapies... Both payers and providers must determine their true competencies and find ways to remain profitable despite leaner margins. In 1994, Massachusetts General Hospital (MGH), with its $1 billion budget and its dozens of thousands visits per year, is urged to find a new business model to resist cost pressure
In other words, how MGH could lower its costs while enhancing the quality of care provided?
Financially speaking, evidence shows that MGH's cost structure is so important that it hampers dramatically its profit margin. Considering Exhibit 1, the ratio of after adjustments on Total Operating Revenues does not even go beyond 2%. In fact, even if the whole industry......
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Approximate Word Count: 1431
Approximate Pages: 6 (250 words per double-spaced page)
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