Question: CMC is organized traditionally, with 24 subsidiary corporations, a corporate staff (executives and middle management), professional staff (physicians, nurses, and allied health), and a patient accounting department. The new CEO, Mr. Reynolds, has quickly learned that control systems are lacking, material management is not centralized, accounts receivable are shrinking, and accounts payable are increasing. The new CEO remarked that CMC seems to have no sense of direction or overall corporate strategy. Coastal Medical Center is considering a joint venture with physicians to build an ambulatory surgery center offering the latest robotic surgery technology. Imagine you are the CEO of the Coastal Medical Center providing leadership for this joint venture. In a three- to four-page paper, address the following:
C) How much charity care should be provided and can be afforded?