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Improving the bottom line. Strategies for diversification.

Prospective pricing is on the rise. Operating surpluses have vanished. Cash flow has become a trickle. Credit ratings have been reduced. The cost of liability insurance has gone through the overhead. Regulatory red tape is strangling creativity. There aren't enough nurses, money or hours in the day to deal with all the problems. Why would anyone in his right mind want to run a hospital?

Financial Management↗

Developing a diversification strategy.

In the current environment, many hospitals are diversifying into new areas of business. These ventures, however, involve risk. This article outlines three points necessary in evaluating new ventures--rationale, degree of fit, and organizational culture--that will help ensure their success.

Commerce↗