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“Contract Negotiations and Risks” Please respond to the following:
- In the scenario, the contract negotiations between North Creek Healthcare
and the community hospital concluded with an agreement on non-financial (legal)
terms. Suggest the most critical element of the contract and the impact to the
short-term and long-term operational strategy of a community hospital. Indicate
the potential implications to the hospital’s financial targets.
- From the scenario, recommend one (1) non-financial driver that could have
been successfully included within the contract negotiation process between North
Creek Healthcare and the community hospital. Provide support for your
suggestion. Explain how your recommendation would improve contract negotiations
and result in a positive outcome.