Assignment..on management

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GhgbeEvtug

Business Finance

Description

Contract Negotiations and Risks" Please respond to the following:

  • In the scenario, the contract negotiations between North Creek Healthcare
    and the community hospital concluded with an agreement on non-financial (legal)
    terms. Suggest the most critical element of the contract and the impact to the
    short-term and long-term operational strategy of a community hospital. Indicate
    the potential implications to the hospital’s financial targets.
  • From the scenario, recommend one (1) non-financial driver that could have
    been successfully included within the contract negotiation process between North
    Creek Healthcare and the community hospital. Provide support for your
    suggestion. Explain how your recommendation would improve contract negotiations
    and result in a positive outcome.

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Explanation & Answer

Attached.

Running head: CONTRACT NEGOTIATIONS AND RISKS

CONTRACT NEGOTIATIONS AND RISKS
Student’s Name
Course Title
Professor’s Name
Date

1

CONTRACT NEGOTIATIONS AND RISKS

2

A contract concession is the settlement over the terms plus settings of an obligatory lawful
agreement amongst two or more entities. In a usual contract concession, every party negotiates on
some concerns so as to acquire what it actually needs. Even if there are constantly loads of
particulars to work out, many contract talks simmer down to two vital aspects: revenues and risks.
The utmost critical component of the agreement amid the community hospital and North
Creek Healthcare is the alteration in dialectal on more or less of the important non-financial
languages. The present contract covers a section that permits North Creek to rent their strategies
to new linkages...


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