Elijah Heart Center is a cardiac care hospital that provides services to a high majority of the community. The Finance Department has reported that even though tax is rising and patient volume is growing the profitability is dropping. A financial consultant was brought into analyze the situation and make recommendations for a turnaround of the Elijah Heart Center. During this simulation acting as the financial consultant hired to analyze financial indicators for decision making and recommend elections best fit the needs of the organization. During this simulation introduced to me were options for choosing greet bully options to improve cash flow, and an appropriate loan option to support the cash flow problem. This gave me hands on operation to bridge a running(a) capital shortage topic. bordering I evaluated different funding options for acquiring medical equipment and the woo effective equipment selections available. Finally, funding options for capital expansions of the investment time of the expansion project are displayed with three different loan options for funding the project in which I had to choose the most effective.
During mannikin one of the assignment a capital shortage is addressed.
Addressing the issue requires a choice between different cost cutting situations and a loan option. I felt the following deuce cost cutting service options, also a loan option in which would be the best recommendations for affecting the working capital shortfall and the revenue and expenditure projections. I chose reduce agency nursing staffing, changing skill mix, and then loan option two with 10 month pay off. diminution agency nursing staffing was selected because their wages are generally double that of a hospital nurses and reducing personnel will hugely cut down costs. This also gives the organization a disaster to reevaluate these positions to determine their necessity. Changing skill mix by adding assistive...If you want to get a full essay, order it on our website: Orderessay
If you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment