Montefiore Medical Center

MEMORANDUM TO:Dr. Spencer Foreman FROM: SUBJECT: Montefiore Medical Center Analysis DATE: May 5, 2011 accent: Montefiore Medical Center (MMC), developed from the consolidation of two hospitals in the Bronx, New York, consists of two acute tutelage hospitals, 31 uncreated care centers, a home care agency, and a mendelevium/medical joint venture with an annual operating cipher of over $1 billion. By 1995, from a combination of reduce payment arrangements, increased competition, and unsatisfied patients, MMC was running a $57 million budget shortfall. In response, consolidation of operations was performed trail to almost immediate cost savings of $15 million. However, with consolidation came a reduction in staff, an increase in psyche responsibility, and concerns about a reduction in the quality of care. agate line strategy development lead to the creation of two care streams including a population-based approach for residents of the Bronx, and specialty care centers to deliver blue quality subspecialty care to local patients and patients from outside the Bronx. The strategy, termed GRIP (page 3), provided quadruple imperatives to be utilized in the development of the two streams of care.

The carrying into action of the Balanced Scorecard developed at Harvard was used to sum of money and manage performance, with scorecard development to be performed for each arm of the organization. Issues and Analysis: Despite some success in run across envisioned targets for MMC, financial, organizational and strategic challenges remain. This memo will ready recommendations in key areas upon which MMC whitethorn further rectify upon what has been achieved to date. monetary Performance: Application of an external analysis including a service-client/ conferrer matrix and a PEST analysis (Appendices 1 and 2) identifies areas where MMC may target portions of the GRIP strategy in order to improve financial performance. The population-based approach to care delivery for the people of... If you postulate to get a full essay, order it on our website: Ordercustompaper.com

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