You are the chief executive officer (CEO) of a small community hospital in Nebraska. You serve a town of 5,000 people and a large agricultural region surrounding the town. As you prepare for strategic planning this year, you realize that your hospital will need to go through re-engineering in order to survive financially under the new reimbursement regulations announced by the Centers for Medicare and Medicaid Services.
Discuss the key principles you will need to follow as you begin the re-engineering process? What do you believe are the most important considerations here, and why?
