The Hospital Must Reduce the Number of Readmissions from 11

question 4

Multiple Choice

The hospital must reduce the number of readmissions from 11% to 8% in the next year. Which of the following best represents the transformational leadership style in accomplishing this goal?

• A) The director communicates the goal of reducing readmissions to the hospital operations team and tells them to submit their action plan by the end of the week.
• B) The organization charters three work teams to identify solutions for the top three causes for readmissions. These teams are given full authority to implement their solution.
• C) The director of quality develops a vision statement and action plan to achieve the goal. The director works directly with the involved departments to implement the action plan.
• D) The CEO communicates the goal to the organizational directors and managers and states that they are entrusted to solve the problem.

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Definitions:

Income Statement

A financial statement that shows a company’s revenues, expenses, and profits over a specific period, typically a quarter or year.

Times Interest Earned Ratio

A financial metric comparing a company's earnings before interest and taxes (EBIT) to its interest expenses, evaluating the company's ability to meet its interest obligations.

Income Before Income Taxes

The profit a company has generated before accounting for income tax expenses, often found on the income statement.

Times Interest Earned Ratio

A financial metric that measures a company's ability to cover its interest obligations with its earnings before interest and taxes (EBIT).