Phelps has several hospital services that include medicine, surgery, psychiatry, obstetrics, pediatrics, physical therapy and rehabilitation. This document provides information on the various financial issues that the healthcare system is currently facing, as well as proposes solutions to help solve these financial problems. Doctors, both older and younger, present recommendations to solve these problems, and their ideas are compared and contrasted. Strategies are provided that take into account doctors' recommendations to keep them engaged with problems. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Phelps Doctor-Hospital RelationsWith the passage of national health care reform by Congress, Phelps Memorial Hospital Center is expected to lose $3.5 million per year for the next ten years. One of the main causes of this is due to the fact that Medicare and Medicaid reimburse Phelps at a lower rate than the costs of the operations. A major contribution to Phelps is that they raise two to three million a year through philanthropy. Despite predictions of losing money every year, specialists are demanding more benefits by being on call in the emergency room and extra pay for low-income and Medicaid patients. As time goes on, hospital reimbursements are shrinking, costs are rising, and employees have flocked to Phelps because of the guaranteed income and paid health benefits. These benefits have become a contributing factor to revenue loss at Phelps. Through the passage of healthcare reform by Congress, services like Medicare prevent hospitals from making progress due to the financial burdens they pose. To address Phelps's loss of $3.5 million per year and the issues contributing to potential debt, Phelps must implement strategies to help make the health care system as profitable as possible. Dr. Robert Seebacher, director of Joint Replacement Services, is responsible for assisting Medicare and workers' compensation services. Medicare is only able to pay a fraction of what third-party insurance companies can pay and since Phelps' profit margin is extremely small because of this, Seebacher is required to fulfill a hundred joint replacements just to fund the your malpractice insurance. Medicare reimbursement is $1,200 for knee surgery, while out-of-network insurance would reimburse $22,000 of the resources (Kovner & McAlearney, 2013). Since reimbursements are ineffective in covering resources used for operations, a strategy that can help Phelps with his finances has become vital. The unnecessary surgeries and overtreatments that occur in Phelps are a factor hindering financial growth. A strategy that aims to stop these patterns of poor practices that result in a waste of resources can play a role in Phelps' financial progress. Doctors who participate in wasteful actions will face discipline by reminding them of their conscious effort or face cuts; it will be the OCM's job to do so. By consciously working towards financial efficiency, Phelps will be able to use his resources as frugally as possible, resulting in money savings. As money is saved through a conscious effort to reduce waste throughout Phelps, funds can be passed on to employees who excel. Employees who provide high care,.