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Hospitals in Brooklyn - Term Paper Example

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Hospitals are losing money from increasing medical bills and unmatched financial income. This imbalance has led to the hospitals operating at losses. Inability to fund operations has forced for the closure of many…
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Hospitals in Brooklyn
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"Hospitals in Brooklyn"

Download file to see previous pages The government has proposed a way to deal with the imbalance and prevent more public hospitals from filing for bankruptcy. This is through providing measures that will provide short-term relief to the financial crisis. Long-term measure in the Obamacare program is by adopting a socialist way of providing medical care. Short term measures range of redistribution of resources, including finances and the staff (Berger, 2012). These measures are aimed at balancing the operations of the hospitals to ensure that the citizens still have access to basic medical care. The government can also stabilize operations in hospitals by appointing a board made up of capable members. One of the principal causes to bankruptcy is mismanagement of existing funds and this can be achieved by appointing an effective hospital board.
One of the reasons as to why Brooklyn hospitals are at the brink of bankruptcy is due to decreased income (McCarter, 2011). Brooklyn hospitals face market Competition from other hospitals such as the Manhattan hospitals. People who are medically insured tend to go to the better-equipped and staffed Manhattan hospitals rather than the Brooklyn hospitals. Thus, it is a common observation to observe empty hospital bed in Brooklyn. This not only reduces the income due to lack of patients, but also there is an unequal distribution of finances. The odds of competition can be evened out by restructuring the operations of the hospital. Renovations to the hospitals and offering of premium healthcare packages will increase the number of economically stable patients. This will increase the income to the hospital. Matching the healthcare provided by the hospital to the level of surrounding hospitals will also attract many investors. The increased income can be used to renovate the hospitals, equip, and staff so that they can match the quality of healthcare provided in competitive hospitals.
Renovation comes with creating a new system ...Download file to see next pagesRead More
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