Sac-Osage Hospital Case Analysis
Sac-Osage Hospital is one of the many organizations in the health care industry that experienced similar weaknesses as Jackson Memorial. Sac-Osage Hospital encountered numerous problems that may have led to their financial instability. Although other factors such as combination of changing demographics, medical practices, management decisions and federal policies were some of the obstacles that led to Sac-Osage Hospital’s financial trouble; however, lack of internal control played a major role in the hospital’s financial struggles. Sac-Osage Hospital had an estimate loss of $1.5 million to $2 million in failure to filing insurance claims and account collection (The Times-Picayune, 2015). Jackson Memorial also struggled in the area of internal control. Furthermore, despite of a doctor’s effort to purchase the hospital to keep it open and running, it was unfortunately closed down (The Times-Picayune, 2015).
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Although Jackson Memorial Hospital and Sac-Osage Hospital both experienced lack of internal control that led to their financial crisis, the solution implemented at Sac-Osage Hospital’s would not be applicable to Jackson
Although Jackson Memorial Hospital and Sac-Osage Hospital both experienced lack of internal control that led to their financial crisis, the solution implemented at Sac-Osage Hospital’s would not be applicable to Jackson