Riverview Regional Medical Center Research Paper

Riverview Regional Medical Center - Research Paper Example takeholders are impacted by revenue losses, such as with the closing of the Women’s Pavilion dedicated to obstetrics, that impact potential job security. Another group of stakeholders are the nurses that must now comply with the Nurses First philosophy of patient care. Nursing proficiency and visibility as a primary point of contact now makes them responsible for enhancing (or hindering) brand reputation. Job role changes impact issues such as motivation and performance when compliance to change practices is demanded internally. The Federal government represents yet another stakeholder involved with RRMC. Changing or otherwise deteriorating economic conditions pose a risk to RRMC for revenue production in the event that Federal allocations are slashed to fulfill budget needs. Since the Federal government gains taxation revenues from successful business models, this branch of the government has a vested interest in sustainability for RRMC. Shareholders holding common stock in Health Management Associates are also important stakeholders. Stock issuance and valuation represent potential funding opportunities to improve operations, engage in strategic expansion, or procure important service-related assets. Therefore, operational efficiency and strategy development will greatly impact the financial portfolios of these stakeholders. Currently, stock value of HMA is only $10.55 per share (Yahoo! Finance, 2013). Finally, a sixth stakeholder at RRMC is William J. Schoen, the chairman of the board at the facility. This position is regulated by corporate governance laws related to ethical and moral businesses and those outlined in the Sarbanes Oxley Act. Schoen is an accountability figure in the event of improper business practices and must also answer to shareholder inquiries about managerial performance and strategic direction. There are risks associated with compliance for this important, highly-visible stakeholder. The most important target market are local