Should you ever have an opportunity to visit South Florida, there is one organization that will stick out. It is a local organization called Baptist Health South Florida. There are very few places around here that you won’t immediately see their company logo of a white pineapple on a green background. The pineapple has had a long-standing meaning of hospitality since the renaissance period so the logo on a hospital is quite fitting. You will see it on billboards, buildings, or even on someone’s clothing. They have 7 hospitals, over 40 doctors’ offices and their outpatient facilities exceed 50 locations. Aside from being one of the largest employers in state, the US government lists them as one of the best hospital systems in the country …show more content…
The company’s corporate culture is heavy in morals and integrity. Within the mission statement it is recognized and represented every time their employees work towards the principles to “improve the health and well-being of individuals, and to promote the sanctity and preservation of life, in the communities we serve…We are committed to maintaining the highest standards of clinical and service excellence, rooted in the utmost integrity and moral practice…Baptist Health is dedicated to providing high-quality, cost-effective, compassionate healthcare services to all, regardless of religion, creed, race or national origin, including, as permitted by its resources, charity care to those in need” (Baptist Health South Florida, …show more content…
First it helps the local economy by being one of the top employers in South Florida and is nationally recognized as being one of the best places to work. This recognition has been made by Fortune Magazine and Modern Healthcare Magazine. Additionally, Baptist is well known for its charitable contributions. Last year alone the amount in charity exceeded 300 million dollars. This was 5 times the value of their tax exemption for being a not-for-profit organization and turned out to be 4.3% of their total patient revenue (Baptist Health South Florida, n.d.). Baptist Health South Florida truly exemplifies one of true moral and ethical behaviors. So much so, that this is the 7th year that it has been named among the world’s most ethical companies by the Ethisphere Institute. The Ethisphere Institutes primary purpose is to honor organizations that promote ethical business standards, provide an environment where managers and employees can make good choices, and are leaders in developing and executing tomorrow’s best practices right now (Ethisphere, n.d.). Works
In this case, the reader learns that liquidity is a better than average. The ratio and cash on hand have been better than 2013 from the past years. Moreover, it shows that the hospital has a higher ability to meet its cash obligation because it has more security compared to other hospitals. Funding allows hospitals to control funds and limit investments. Not-for-profit organizations help provide more services and margin of safety. Therefore, creditors look for a margin of safety so that the community that financed a small portion of total financing can be returned to the owners by leveraging. Capitalization ratio measures the funds that were borrowed and the assets that have been used. The coverage ratio measures the number that time they fixed financial charges. The time's interest earned ratio shows the ability of the hospital to meet
Coastal Medical Center was established a few years after World War II and began as a 100 bed, acute care hospital, serving the population of the tri-county area. Since conception, CMC significantly grew into a larger, more proficient hospital. However, in the past few years, Coastal Medical Center has become a declining 450-bed tertiary care hospital serving the current population of the tri-county area. CMC has a governing board which consists of 27 members and a parent cooperation board which consists of 19 members. The parent cooperation board, Coastal Healthcare Inc., has 24 subsidiary cooperation’s including Coastal Medical Center, three nursing homes, three hospitals, a home health company, and many additional services. Coastal Medical Center also coordinates 53 major new service projects and 66 special programs.
General Practices Affiliates is considering an offer from Titus Lake Hospital to join under a provider leasing model. Under a provider leasing model, Titus Lake Hospital is purchasing General Practices Affiliates’ services. The practice will retain control of personnel, management, and practice policies. Titus Lake Hospital submitted financial reports to assure transparency during the lease agreement process. The following analysis will discuss whether Titus Lake hospital is a viable financial partner for General Practice Affiliates, possible implications of the lease, and recommendations.
Blue Cross Blue Shield of Florida (BCBSFL) Operating Services is Florida’s largest insurer, serving more than 6 million residents in total. Three trends that redefine how Blue Cross Blue Shield of Florida brings value to its members are through consumer empowerment, E-business, and financial services modernization. BCBSFL holds approximately 30% of the HMO market share in Florida, which is twice the share of its nearest competitor. BCBSFL offers a BlueComplements program filled with discounts and services that allow members to stay healthy. Theses advantages include Healthy Alternatives, Vision One, TruVision, Hearx, GlobalFit, SafeTech, and Walgreens Mail Order Pharmacy.
It is obvious that there is a large gap between where Coastal Medical Center is and where they need and want to be. When comparing CMC’s competitors, Johnson Medical Center and Lutheran Medical Center, CMC needs to provide more efficient, high quality care and focus on more profitable priorities instead of funding multiple unsuccessful projects such as the fifty-three unfinished developments.
The John C. Lincoln community that was used for this essay is comparatively poorer than the average, with large immigrant populations and face transportation issues that limit the ability of patient to receive both outpatient and emergency care (Honor Health, 2015). The mission statement of Honor Health is broad and perhaps uninspiring to key stakeholders, as is the organizations vision statement. Honor Health could benefit by expanding their mission and vision statements, thus increasing their value in directing and guiding their future strategic plans and goals. Randall’s (2015) assertion that a great organization is only achievable by having specific, measurable and achievable goals that are linked to the organizations vision and mission is correct; while the flexibility of Honor Health’s statements is interesting, the statements could be improved by being more descriptive and personal to the organization reason for existence and
Huntsville Hospital (HH), located in Northeast Alabama, part of the Huntsville Hospital Health System, originating in downtown Huntsville, Alabama in the late 1800’s. As the not-for-profit, public hospital system developed, HH became the second largest employer in Madison County, Alabama with an estimated 7000 employees, 2000 nurses and 1000 physicians.
The University of California – San Francisco Medical Center is one the best hospitals in the country. In 2010 the hospital was the seventh best hospital out of 100’s of others. How does a hospital reach this level of success? A hospital such as UCSF they have to be willing and able to find better and new ways to approach the care for their patients. Superb patient care is only one of the reasons why UCSF is one of the best. The innovative research and the extensive education in the Science of Health at their medical school are more reasons. UCSF Medical Center has been known to specialize in many of areas of medicine but there are areas they are most popular for. They also have many strategic plans that are already being putting in affect to better their hospital reputation and for the coming years.
Nurses are faced with harsh realities everyday; but what happens when young lives are at stake and decisions are being handled by the parents. This paper will explore the ethical dilemmas that come with Jehovah’s Witnesses and pediatric patients. “Jehovah’s Witnesses are a Christian denomination with many beliefs that stand out from mainstream Christianity. They are known for their potent evangelism and their unique translation of the Bible called the New World Translation of the Holy Scriptures” (Beliefnet, 2014). Some of the beliefs that Jehovah’s witnesses have involve many contemporary issues; they stand strongly against abortion, homosexuality, divorce and blood transfusions.
Integrity is one of the most essential principles in business practice. Without integrity, the reputation of a business can suffer unrepairable damages in which consumerism becomes nonexistent. Integrity must be built into the organizational infrastructure in health care to build a foundation of ethical integrity and adopt a culture that prioritizes this value (Mantel, 2015). I chose this business principle because I strongly believe that integrity is the heart and soul of a business’s character. Character reveals the core of business standards and is vital to sustain trust. Integrity is incorporated at my facility under the value system, to enable communities to rely on our health care organization. Integrity is chief in health care because it encompasses the foundation of veracity and honesty. Consumers such as patients, heavily rely on integrity of health care organizations to provide the best care. Integrity is important to me because it represents a network of trust and honor. As a health care professional, ethically and morally sound decisions have to be made with
In our current time period of complex laws and regulation regarding healthcare, organization like Kaiser Permanente also uses the Ethics Committee to address difficult issues. In California, KP is synonymous with trust and respect. Every medical and non medical staff is an ambassador for KP. KP is committed to the entire staff, by promoting within, developing future leaders through it internship programs, and reward when the organization is successful. The organization believes that a well developed team with different background and experience, working as one in an environment that encourages respect and resulting in high levels of commitment, is crucial to its continued success. KP listed their mission statement and promise as
In the American health care system, there are goals set for each individual and for the organization as a whole to be successful. The types of goals set can differ from short and long-term goals. Short-term goals is something that can be achieved in less than a year and long-term goals is anywhere from two to five years or something that will make a career last a long time (Merriam-Webster, 2014). Having goals set and using the virtue ethics theory can help with the decision-making proce...
My current employer, Mayo Clinic, is a world renowned not-for-profit hospital that has been established for 150 years. Mayo Clinic is the first and biggest integrated not-for-profit medical group practice in the world and is a well-known brand name that is recognized world-wide. Working for an organization where the primary value is the needs of the patient come first, the organizations domain is held to a higher standard. The mission statement is to encourage hope and contribute to health and well-being by providing the best care to all patients through integrated clinical practice, education and research (Strategic statement of Mayo Clinic, 2012). The vision statement is that Mayo Clinic will offer an unparalleled experience as the most trusted partner for health care (Strategic statement of Mayo Clinic, 2012). In the medical field, innovations, research and technology motivate the business to perform and deliver care in a new standard. Mayo Clinic has a logo of three shields that are interlocked, presenting patient care, research and education.
It is debt-free and has highest overall occupancy rate among the city’s six general hospitals
This study is related to a case conducted at Faith Community Hospital to assess the problems due to issues with their mission statement and how it is being interpreted. According to the CEO of Faith Community Hospital, very few of the members and partners seem to be following the mission statement. There are issues with organizational processes, ethics issues, and communication systems. Many staff members are operating as individuals and not as a collective unit based on their values. A moment's distraction can result in a tragic outcome.