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Related Experiment Videos

Hospital turnarounds: agents, approaches, alchemy.

David H Freed1

  • 1Nyack Hospital, Nyack, NY, USA.

The Health Care Manager
|June 1, 2005
PubMed
Summary
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Hospital turnarounds are increasingly common due to financial pressures. This study examines the critical role of turnaround agents and their strategies, highlighting gaps in current research for effective implementation.

Area of Science:

  • Healthcare Management
  • Organizational Strategy
  • Financial Health in Hospitals

Background:

  • Hospital financial distress is a growing concern, leading to frequent turnarounds.
  • Existing literature on hospital turnarounds lacks robust research, relying heavily on theories and case studies.
  • The recurrence of hospital turnarounds indicates a need for evidence-based practices.

Purpose of the Study:

  • To analyze the crucial role of turnaround agents in hospital strategy formulation and implementation.
  • To synthesize effective strategies for hospital turnaround based on existing literature.
  • To identify key research questions for advancing the understanding of hospital turnarounds.

Main Methods:

  • Comprehensive literature review across strategy, change management, leadership, and healthcare management.

Related Experiment Videos

  • Tracing the evolution and nature of hospital turnarounds and the agents involved.
  • Summarizing potent strategies for turnaround agent-led strategy analysis and synthesis.

    • Main Results:

    • Identified 10 potent approaches for turnaround agents in strategy analysis and synthesis.
    • Highlighted the limited empirical evidence supporting various turnaround strategies.
    • Established a framework for understanding the agent's influence and adaptation within distressed hospitals.

    Conclusions:

    • Turnaround agents play a pivotal role in navigating hospital financial crises.
    • Further research is needed to validate turnaround approaches and understand agent dynamics.
    • Addressing the recurring need for turnarounds requires evidence-based strategies and deeper insights into implementation mechanisms.