MIDDLEFIELD HOSPITAL

Middlefield Hospital

Middlefield Hospital

Strategies followed by the hospital

The paper is analyzing the three specific strategies in order to improvise the financial performance of the hospital. These stratagems comprise of: 1. Spending on promotional campaigns to improvise premium prices and market share2. Cut cost by spending on advertising schemes, increase authenticity with donors and stakeholders3. Hiring professional administration to improve efficiency

There are several ways through which a hospital can improvise their strategies. Hospitals tend to follow the investment strategies. Through this strategy, they try to capture the market power in the long run (Eldenburg et al, 2003).Hospital profits enrichment and cost ...