Read the post bellow and point out the weaknesses in the proposal

• If I were the CEO of St. Hapless, I would choose a PHO model for integrating organizations. A PHO is defined as "a legal entity formed by hospitals and physicians that allows them to collaborate to pursue common interests" (Nuvance Health, 2021). PHOs can enter into contracts with one or more managed care plans to provide physician and hospital services on a fee-for-service or capitated basis. Because St. Timothy's and St. Patrick's are both heavy on physicians and specialists, it makes sense for them to combine their efforts and make a large healthcare system where the majority of their patients will stay because a variety of services will be provided. St. Hapless should take part in a joint venture where both the hospital and the doctors would be accountable for the organization's gains, losses, and expenses. I would suggest a two-class membership structure for the membership, with a class for physicians and another for hospitals. In order to ensure that both sides are involved in the joint venture's decision-making, I would also advise having a board of directors that is made up of a mix of physicians and hospital members in order to prevent future conflicts.

• These independent physicians may attempt to form a partnership, a limited liability company/partnership, or a professional corporation. A professional corporation has the advantage of having licensed physicians as shareholders; however, affiliating with St. Hapless would not work because the hospital directors or owners are not always licensed professionals. The physicians would face unlimited liability in a partnership, but they would benefit from the absence of double taxation. Because of the informality with which business can be conducted, St. Hapless is unlikely to join a partnership. Physicians would benefit from limited liability, free transferability of ownership (which would be desired in the St. Hapless joint venture), and an unlimited number of owners, which would also benefit St. Hapless.