Financial Policies

I would like do dwell on how rents and other financial steps could be helpful for crisis for finance management of particular healthcare organization. Southern regional Medical Center rebuilt its credit position and achieved financial stability by implementing a seven-step corporate finance plan.
It was a time of crisis for Southern Regional Medical Center (SRMC) in Riverdale, Georgia. About two years ago, the organization's service lines were operating at a loss, not enough capital was available to cover existing projects, and future access to affordable capital was dwindling. The situation was so critical that Moody's Investor Service downgraded the organization's debt and provided an addendum evaluation of a negative outlook.

Yet this fiscal year, SRMC expects to break even. Even more remarkable, the organization plans to be $4 million in the black in FY03.
How has such turnaround been possible?
SRMC used a strategic and organizational model of potential benefit to many h...