Explain why a CEO needs to make financial and operational decisions in running a hospital. Discuss possible consequences for various decisions the CEO makes.© BrainMass Inc. brainmass.com October 10, 2019, 3:28 am ad1c9bdddf
The role of a CEO for a hospital entails fiscal and operational responsibility and accountability. One is seldom well managed without the other. In order to make operational decisions, the financial feasibility must be assessed. As the CEO is charged with ensuring the hospital fulfills and/or works towards achieving its mission and purpose. Every decision a CEO makes must be strategic in nature. Finance and operations are a huge component of developing and refining strategies such as those ...