Case study: "Hospital Corporation of America" by Kester, W. Carl

TABLE OF CONTENTS I.Introduction1 II.Key Issues2 III.Recommendations6 IV.References7 I.Introduction Hospital Corporation of America (HCA) is propriety, infirmary concern company founded in Nashville, Tennessee in 1968 with only one, 150-bed infirmary and then grew to become the nations largest infirmary anxiety company. As of 1981, HCA possess or tell apartd 349 hospitals in the united States and overseas. During the 1970s, HCA achieved its growth by eruditeness of existing hospitals and construction of acclivity ones. During the period of 1968-1981, it constructed 70 modern and replacement facilities and acquired or lowtake the stay 279 of its hospital. Each year HCA evaluated umteen potential sciences and areas for construction, with the criteria for natural survival including the maneuver communitys need for wellness care services, the quality of the repoint hospitals medical staff and personnel, the population growth pattern in the area served, the facilities suitability for afterlife refinement, and the hospitals overall financial position. Although HCAs mathematical operation generated substantial cash for reinvestment, close up it needed external funding for its ambitious construction and acquisition program. In early spot of development, external financing were mainly from revolving credits to finance hospitals below construction, industrial revenue bonds and in camera placed, long-term mortgage loans fro redress companies funded completed hospitals and acquisitions.

Other sources were rough to tap at first, repayable to the newness of propriety hospital diligence and the small size and brusk track record of HCA, and the brusk image of hospital watchfulness companies at that time. However, HCA could finally manage it as the industry matured, and HCAs sloshed performance became recognized. II.Key Issues Since its establishment, HCAs growth has been contributed by acquiring hospitals, constructing new ones, enlargement of services, and the signing of new management contracts. Similarly to any another(prenominal) businesses that new... If you lack to get a copious essay, order it on our website: Orderessay

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