Read the assignment carefully and answer the questions within the scenario utilizing evidence-based references. Remember to cite all sources that are included in your response. Your research sources should not be older than five (5) years.

You are the CEO of a 400-bed hospital that is experiencing very difficult financial times as evidenced by the following:

Operating room (OR) surgeries are down 20% Outpatient (OP) procedures continue to decline Employee turnover is at a historic increase of 20% The YTD (year to date) operating margin is 10% unfavorable to budget because the OR and OP volumes are the primary revenue generating engine for the hospital. As the CEO, you must make some tough decisive decisions on how to get the hospital back on financial track.

Answer each of the following five (5) questions:

Provide a substantive post on the importance of decision-making skills in this situation. Discuss in detail the different steps the CEO should take in the decision-making process in order to improve the current situation. How will the CEO incorporate coordination and cooperation in the planning process? Discuss the most effective communication techniques that should be considered Should the CEO be concerned about any potential legal liabilities as strategies are being considered to improve OR surgeries and/or OP procedures?