...Angie Servellon HSC 405 Professor Joseph Shin These paper we have to discuss the simulation paper in which we analyze the financial indicators to make a decision. In this simulation the financial accounting from Elijah Heart Center a Cardiac Care hospital having a working capital shortage ("Analyzing Financial Indicators for Decision," n.d.) and have taken a preventative evaluation on how the funding option should be used when it comes to acquiring medical equipment, and the possibility of financing expansions. In the first step of phase one simulation, I decided on what I thought was best when it came to cost cutting option to choose to solve the cash flow within the hospital. Besides selecting a loan option that would help cover any capital shortage that can occur if I don’t choose wisely. After I had made my choice, I was also aware, I needed to explain why I had chosen my option and what was the outcome. I decide to go with the best cost cutting by cutting “Reducing Proportion oaf the Agency Contracted Staff” and “Changing the Skill Mix” ("Analyzing Financial Indicators for Decision," n.d.). I chose these two choices because in the Revenue and Expenditure projection showed that the costs would help the prices go down by a significant amount without acquiring any major changes in taxes. Also, Saika Takeuchi, the vice president recommended choosing two of varies categories that would help cut the cost in a major way. Also, it would make revenues increase if the hospital...
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...A PROPOSAL ON HOW TO APPLY THE BALANCED SCORECARD TO THE COLLECTIVE INVESTMENT MANAGERIAL FIRMS. Muñoz Colomina, Clara I. Urquía Grande, Elena Sevillano Martín, Fco. Javier (Universidad Complutense de Madrid) PAPER FINANCED BY THE PROJECT PR1/03-11669 OF THE UNIVERSITY COMPLUTENSE OF MADRID A PROPOSAL ON HOW TO APPLY THE BALANCED SCORECARD TO THE COLLECTIVE INVESTMENT MANAGERIAL FIRMS. Muñoz Colomina, Clara I. Urquía Grande, Elena Sevillano Martín, Fco. Javier (Universidad Complutense de Madrid) Collective investment companies, as other institutions in the financial sector, are actually going through moments of great volatility. Consequently these firms need to reformulate their strategic forecast for the next years. This need arises, among other factors, from the collapse of global financial markets, progressive liberalizations in tax and company regulation and the evolution in information technology. Collective investments are very appealing for small investors, as they allow them to benefit from the skills of a professional management, as well as to spread different risks with a diversified portfolio in the different mutual funds. Nevertheless in moments of crisis such as the world is experiencing now, the great volatility of markets and capital losses clearly offset the attractiveness of the portfolio management. The starting point is to take into account the new scenario now developing in collective investment management firms: increasing competence, less captive...
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...Analyzing Financial Indicators Financial indicators for health care organizations completely assess the strengths of some of the most significant parts of the organization. Establishing dimensions of financial performance provides a primary structure for recognition of important financial indicators. Diverse financial indicators assess different factors of financial performance, for example cost-effectiveness and liquid assets, and all of this figures is necessary to make a knowledgeable conclusion about the financial condition of any health care organization. One indicator alone cannot identify the financial condition, and so multiple financial indicators are necessary to analyze and modify the necessary adjustments to improve solvency, profit, and services for the organization and patient(s). The objective of this essay is to discuss the decisions attained in the simulation of Elijah Heart Center, which is a specialty hospital with expertise in cardiac catherization, pulmonology, and nephrology and a host of other specialties. The three major decision made for the Elijah Heart Center was through bridging a working capital shortage, evaluation of funding options for obtaining medical equipment and funding options for capital expansion. The decisions made through various choices to improve the outcome of each financial situation; the choices could have either improved or worsened the unhealthy trend of loss profitability for the health care organization. ...
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...University of Phoenix 12 Economic Issues Simulation HCS/440 Lisa Christopher Economic Issues Simulation Paper The simulation review paper will address the summary of my findings of the financial accounting of the Elijah Heart Center Hospital, according to the financial indicators in the simulation: Capital shortage, Funding options for equipment, Funding options for capital expansion, summary and the conclusion. Capital Shortage The cost cutting options I selected was reducing agency staff and changing the skill mix for Elijah Heart Center. The reason why I chose this option is because we can reduce some cost by not hiring so many contracting nurses to save on payroll and increase the unlicensed staff to be used in some areas more than others to save some revenue and not jeopardize the quality of care for the patients first. I picked loan option 1, which the loan is 1.5 million at 9.45% interest rate, monthly installments of 131,490 for 12 months and no prepayment limitation, so we put nothing up front initially (University of Phoenix, 2011). My outcome was making a smaller loan at a higher rate to defray cost while reducing contracting nurses and utilize the unlicensed staff to be diverse in multiple skills in the hospital and not cut quality of the patient’s care at this health facility. Funding Options for Equipment You do not have to buy a new CT scanner because this machine is the least expensive in the hospitals and it can be upgraded if need be for the life...
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...Simulation Review Paper Shunna Billops HCS/457 Marjorie Romano July 25, 2011 The simulation review paper will address the summary of my findings of the financial accounting of the Elijah Heart Center Hospital, according to the financial indicators in the simulation: Capital shortage, Funding options for equipment, Funding options for capital expansion, summary and the conclusion. Capital Shortage The cost cutting options I selected was reducing agency staff and changing the skill mix for Elijah Heart Center. The reason why I chose this option is because we can reduce some cost by not hiring so many contracting nurses to save on payroll and increase the unlicensed staff to be used in some areas more than others to save some revenue and not jeopardize the quality of care for the patients first. I picked loan option 1, which the loan is 1.5 million at 9.45% interest rate, monthly installments of 131,490 for 12 months and no prepayment limitation, so we put nothing up front initially (University of Phoenix, 2011). My outcome was making a smaller loan at a higher rate to defray cost while reducing contracting nurses and utilize the unlicensed staff to be diverse in multiple skills in the hospital and not cut quality of the patient’s care at this health facility. Funding Options for Equipment You do not have to buy a new CT scanner...
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...Supply Chain Final cumulative balanced scorecard ending with Quarter 4 is below. Cumulative industry results for last four quarters ending in quarter: 4 | | Minimum | Maximum | Average | House Personal Computer | Total Overall | 0.00 | 749.39 | 17.00 | 0.00 | Financial Performance | -73.50 | 211.50 | 13.68 | -22.62 | Market Performance | 0.00 | 0.65 | 0.16 | 0.32 | Marketing Effectiveness | 0.00 | 0.82 | 0.33 | 0.62 | Investment in Future | 0.00 | 468.30 | 1.44 | 1.46 | Wealth | -2.12 | 5.21 | 0.67 | 0.21 | Human Resource Management | 0.00 | 0.84 | 0.35 | 0.73 | Asset Management | 0.00 | 3.59 | 0.54 | 0.57 | Manufacturing Productivity | 0.00 | 1.00 | 0.36 | 0.45 | Financial Risk | 0.00 | 1.00 | 0.45 | 0.82 | Income statement from Quarter 5 performance report, showing Quarters 1-4. Income Statement | | Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | 'Gross Profit | ' Revenues | 0 | 984,606 | 1,949,789 | 2,276,192 | '- Rebates | 0 | 39,400 | 62,450 | 67,950 | '- Cost of Goods Sold | 0 | 933,305 | 1,551,810 | 1,613,631 | '= Gross Profit | 0 | 11,901 | 335,529 | 594,611 | | | | | | 'Expenses | ' Research and Development | 60,000 | 0 | 60,000 | 0 | '+ Advertising | 0 | 66,500 | 164,857 | 171,182 | '+ Sales Force Expense | 0 | 111,230 | 134,665 | 156,251 | '+ Sales Office Expense | 220,000 | 120,000 | 320,000 | 200,000 | '+ Marketing Research | 0 | 15,000 | 15,000 | 15,000 | '+ Shipping | 0 | 19,077 | 30,593...
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...Phoenix Material Simulation Review Complete a simulation and then write a paper that analyzes the decisions you made. You are in charge of fictitious health care organization facing financial difficulties. In the simulation, you will complete the following tasks: Bridge a working capital shortage. Evaluate funding options for acquiring medical equipment. Evaluate funding options for capital expansion. Part I below explains how to successfully complete the simulation and prepare for writing the paper. Part II explains the paper requirements. Part I Complete the following tasks before beginning the simulation: Save this document to your desktop. You will need to reference it as you complete the simulation. Print this document before beginning the simulation for easy reference. Review the paper requirements listed in Part II and have an extra sheet of paper ready for taking notes as you complete the simulation. Complete the Health Care Financial Accounting simulation. The simulation can be access by clicking on the ‘Simulation’ tab under the ‘Healthcare Accounting – Financial Indicators simulation’. To get the most out of the simulation, consider the following tips: The minimize icon ( ), shown in the upper-right side of the simulation may not function on your computer. Once you begin the simulation, you may not be able to access your desktop or other applications without ending the simulation. To end the simulation, click on the exit icon...
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...Phoenix Material Simulation Review Complete a simulation and then write a paper that analyzes the decisions you made. You are in charge of fictitious health care organization facing financial difficulties. In the simulation, you will complete the following tasks: Bridge a working capital shortage. Evaluate funding options for acquiring medical equipment. Evaluate funding options for capital expansion. Part I below explains how to successfully complete the simulation and prepare for writing the paper. Part II explains the paper requirements. Part I Complete the following tasks before beginning the simulation: Save this document to your desktop. You will need to reference it as you complete the simulation. Print this document before beginning the simulation for easy reference. Review the paper requirements listed in Part II and have an extra sheet of paper ready for taking notes as you complete the simulation. Complete the Health Care Financial Accounting simulation. The simulation can be access by clicking on the ‘Simulation’ tab under the ‘Healthcare Accounting – Financial Indicators simulation’. To get the most out of the simulation, consider the following tips: The minimize icon ( ), shown in the upper-right side of the simulation may not function on your computer. Once you begin the simulation, you may not be able to access your desktop or other applications without ending the simulation. To end the simulation, click on the exit icon...
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...ECO 372 Entire Course (UOP Course) For more course tutorials visit www.tutorialrank.com ECO 372 Week 1 Discussion Question 1 ECO 372 Week 1 Discussion Question 2 ECO 372 week 1 Individual Assignment Term Definition Paper ECO 372 Week 2 Discussion Question 1 ECO 372 Week 2 Group Discussion Question ECO 372 week 2 Team Assignment Industry Overview Paper ECO 372 Week 3 Discussion Question 1 ECO 372 Week 3 Group Discussion Question ECO 372 week 3 Individual Assignment Fiscal Policy Alternatives Simulation ECO 372 week 3 Team Assignment Economic Indicators Paper ECO 372 Week 4 Discussion Question 1 ECO 372 Week 4 Group Discussion Question ECO 372 week 4 Team Assignment Economic Indicator Forecast Paper ECO 372 week 5 Individual Assignment Applying International Trade Concepts Simulation ECO 372 week 5 Team Assignment Economic Project Paper ECO 372 Final Exam Guide ------------------------------------------------------------------------------------------ ECO 372 Final Exam Guide (UOP Course) For more course tutorials visit www.tutorialrank.com 1) The largest source of household income in the U.S. is obtained from 2) The market where business sell goods and services to households and the government is called the 3) Real gross domestic product is best defined as 4) Underemployment includes people A. who work "off-the-books" to avoid tax liabilities B. who are working part time, or not using all their...
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...The online business simulaTion game ThaT makes learning fun! Player manual Contents game basics Starting a game Finding your way around 2 3 Core activities Ordering product Making sales Increasing your sales Hiring staff game score Key Indicators Game characters 4 6 Checking progress Current week Stock levels Purchase reporting systems Check effect of promotions Financial reports Customer comments options a-Z system requirements faQ: game sites 7 8 8 9 The online business simulaTion game ThaT makes learning fun! Game basics The Small Business Game is an educational game where you run your own sport franchise store (The Sports Store). Each full game starts at week 1 and moves through to week 52 when the game ends. You can leave and come back at any time – we will save the game from your last week of inputs. A game week is pretty much like any week in a retail sports store business. Each week customers come in, browse and (maybe) buy a product from you. Each week you need to make sure that you have enough stock for people to buy, manage your cash and keep you eye on what is happening. starting a game During the registration process you assigned a team. This selection will set up the branding to be used in the game. Once you have been registered for the game, to get started, follow these steps. Click, ‘play now’ from any screen in the web site. To start a new game, click on the ‘new game’ button. To restart...
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...Simulation Review Paper Vicky Davis HCS/405 September 12, 2011 Kristin McFarland Simulation Review Paper Financial Accounting from a Cardiac Care Hospital’s Perspective In 1975, the first hospital that was constructed in Kelsey is Patton-Fuller Community Hospital. They are most often dedicated to provide quality customer care; they specialize in programs that can maintain the health and welfare of the local community and other population. Patton-Fuller Health Care is a not-for-profit Community Hospital that services care such as emergency medical care, labor, delivery, physical therapy, radiology, cardiology, and surgery for all adults and children. In this paper I will be analyzing financial indicators for decision-making to understand the strengths and weaknesses of a Cardiac Care Hospital. In addition, I will be implementing strategies to improve the cash flow at Elijah Heart Center (EHC). At the same time, I will also be evaluating the funding options for obtaining medical equipment, and also the funding strategies for the success or failure of capital expansion (Apollo Group, 2011). On behalf of the summary and conclusion, I will need to explain what I learned from this simulation, what I would do differently if I performed the simulation over again, and following how I would apply what I have learned at my current or future job (Apollo Group, 2006). Phase I: Capital Shortage The board members at Elijah...
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...Task 1 Assessment for Supply Chain Management B. I named my microcomputer company GigaJet. I don’t know if it is true for everyone that opens a business, but I find that naming a business is a very difficult task. The company name is reflective of what I wanted shareholders to feel when they saw and used the product; a microcomputer that has a lot of storage, “Giga”, and is fast and can go anywhere, “Jet”. Within the simulation each business was required to pick two segments to manufacture the microcomputers for. At GigaJet I chose to focus the manufacturing of our products to supply the workhorse and traveler customers. I chose these two segments because they had similar customer needs and wants, as well as a high potential demand. The next step within the simulation was to choose which markets to sell the microcomputers to. I developed a simple spreadsheet to analyze what markets would be the best fit for the company’s long term success. This spreadsheet was developed by multiplying the potential demand in each segment by the price that customers were willing to pay. From the following spreadsheet, I determined that the best markets for GigaJet to sell to were in the North American and European markets. |North America|Europe|Asia|South America|Total| Workhorse|$17,985,000|$19,377,500|$12,410,000|$13,905,000|$63,677,500| Mercedes|$19,288,000|$13,836,000|$16,960,000|$9,424,000|$59,508,000| Traveler|$12,041,600|$8...
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...Simulation Review The simulation review exercise was rather interesting, to include the exercise putting me in the mindset of being in the “hot seat” so to speak as it relates to analyzing financials and making the right decisions for the betterment of an organization. I must say that is was a difficult task, one filled with an abundance of stress because my focus was to save the organization money, in which I believe that’s the focus for most organizations across the board. Although this was only a simulation exercise, I became overwhelmed with nervousness and anxiousness, and the calculated numbers started to look the same, but my focus was geared toward lowering total liabilities, and having assets in abundance. Thinking about the simulation on a larger scale, I definitely don’t want financial analysis to be part of my responsibility unless I am trained thoroughly as it relates to short cuts, in addition to key indicators to look for in efforts to enhance and streamline the process, as well as helpful hints with regard to making the right decisions. At this time I will cover Phase I of the simulation review related to Capital Shortage. The cost-cutting options I selected were Reducing Agency Staff and Reducing Length of Stay. The reason I selected Reducing Agency Staff for one of the cost-cutting options is because contract worker’s make twice the amount of a regular full-time employee, therefore equating to cost savings. On an additional note, I would also have...
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...The Elijah Heart Center (EHC) is facing financial challenges that are very common in the health care industry. Despite the fact that patient volumes and revenues are growing at a fast rate, the profitability is dropping and the EHC is experiencing a shortfall. In order make well thought out financial decisions that will improve the EHC financial situation, a consultant has been brought in to evaluate and identify the best alternatives by using simulation scenarios. In this example, I will be the consultant and use the simulation address three challenges, a capital shortage, the acquisition of medical equipment, and a capital expansion. The capital shortage is $900,000.00 and the goal is the find cut cost without significantly impacting staff and the quality of service that EHC provides to its patients to remedy it within one year. The cost cutting choices presented were: Reducing employee benefits, downsizing staff, cutting down on agency staff, changing the skill mix, or reducing length of stay. I chose to reduce the agency staff and change the skill mix. Both choices slightly impact quality of patient care and staff morale while reducing cost. Reducing employee benefits and downsizing staff would have saved more money, but it would have impacted the patients due to the reduction in personnel and negatively impacted staff morale. Reducing the length of stay would not have helped much since most of the costs are incurred during the first days, not the last ones. There were...
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...2 Value Chain Management The theoretical background is defined around the central term value chain. Chapter 2 presents research concepts to manage the value chain structured by their area of specialization either on supply, demand or values. Secondly, within an integrated framework, the results of the specialized disciplines are combined with the objective to manage sales and supply by values and volume. Value chain management is defined and positioned with respect to other authors’ definitions. A value chain management framework is established with a strategy process on the strategic level, a planning process on the tactical level and operations processes on the operational level. These management levels are detailed and interfaces between the levels are defined. Since the considered problem is a planning problem, the framework serves for structuring planning requirements as well as the model development in the following chapters. 2.1 Value Chain Value chain as a term was created by Porter (1985), pp. 33-40. A value chain “disaggregates a firm into its strategically relevant activities in order to understand the behavior of costs and the existing and potential sources of differentiation”. Porter’s value chain consists of a “set of activities that are performed to design, produce and market, deliver and support its product”. Porter distinguishes between • primary activities: inbound logistics, operations, outbound logistics, marketing and sales, service in the core value...
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