...The financial structures of health care entities non-profit, for-profit and government are different with funding, ownership, and type of services rendered. Financial managers, financial markets, and investors are the essential components that make up the financial world within a healthcare organization. Financial managers basically rely on investors to supply money through the financial markets when determining whether to use debt or use equity financing. To understand the full benefit of the financial resources, it is important to understand the overall financial structure. In other words how it is set up. In this paper, I will try to compare the financial environment of for-profit Pruitt Health Clinic, not-for-profit Phoebe Memorial Hospital, and VA Clinics. (to the best of my ability) In the health care sector entities regardless of their status (for-profit, not-for-profit, or government owned) should have the same common goal of providing quality healthcare to the residents of its community. Health care organizations are very different compared to other business when it comes to finances. The financial structure is described as the way funds are financed and the balance sheet shows what the organization looks like at a particular point in time. For example Phoebe Putney Memorial Hospital will compare fiscal year to another fiscal year to decide what needs to stay, go or be “tweaked”. Some organizations have a method to reading the spread sheet as well. PPMH for...
Words: 1282 - Pages: 6
...Page Introduction Task 1 Human Resource Management Approach 1a Distinguish between ‘Personnel Management’ And ‘Human Resource Management Approaches Outline the advantages and disadvantages of each approach 1b Identify which of the Approaches (HRM or Personnel Management) your chosen organization currently adopts Discuss how the chosen organizations approach to managing people over the recent years Task 2 Recruitment and Selection 2a Outline the HR planning process undertaken by your chosen organization Discuss how this compares to the ‘theory’ of HR planning as identified in the HR Planning lesson of the RDI study materials 2b Compare and contrast the recruitment and selection of two organizations operating in different industries – one organization should be your chosen organization as identified in Q1 plus another organization of your choice Task 3 Monitoring and Rewarding Employees 3a Explain how your chosen organization measures the performance of its employees 3b Give details of the systems in place within your chosen organization to reward employees Evaluate the success of these methods in motivating employees Task 4 Employment Exit Procedures 4a Describe...
Words: 4884 - Pages: 20
...societal change and combating crime. Some recent trends are the privatization and militarization of criminal justice organizations. In this writing, I will discuss and attempt to compare these trends with current criminal justice organizations. The privatization of criminal justice organizations stems from the idea that awarding contracts to private companies that could run such services efficiently and effectively would potentially save and even earn the government money. (Nichols, 2010) To understand privatized policing we must first differentiate between police and private security force. Although both function as public safety officials and the duties performed are similar, they are two separate entities. “The term police typically refers to sworn officers working as members of the executive branch of government rather than to private security agents or agencies.” (Forst, p. 22, 2000) A private security agency while serving in the same capacity as a police officer is defined differently. The private security term refers to “non governmentally provided services and products used to protect the lives and property of commercial and residential patrons against crime.” (Forst, p. 22, 2000) The most notable differences between police officers and private security agents would be that the police are sworn-in officers working as members of the...
Words: 1172 - Pages: 5
...command. Decisions processers are highly political, and most planning is informed and adaptive. (Ref Page – 17) 2. Decision making and problem solving – different people involved in making a decision after disagree about the true nature of a problem and the likely outcomes of various solutions, due to different perspectives, assumptions and values typical of managers from different functional background and specialties. A prolonged, highly political decision involve important and complex problems for which no-ready –made, good solution are available when many affected parties have conflicting interests and when diffusion of power exists among the parties (Ref Page- 4) Planning- as a formal process of written objectives, strategies, polices, and budgets, cascading from top management down hierarchy. Some planning occurs but managers develop agendas consisting of goals and plans related to their job responsibilities and involving a variety of short term and long term issues. 3. Leaders Role- Managers are responsible for leading the subunit function as an integrated whole in pursuit of basic purpose. Provide guidance to subordinates, motivates and in hiring, training, directing, praising, critizing, promoting and dismissing, pervades all managerial activates. Liaison Role- includes behavior intend to establish and maintain a web of relationships with individuals and groups outside of a manager’s organizational unit. These relationships are vital as a source of information...
Words: 1222 - Pages: 5
...Question Compare & contrast a market economy and a planned economy in terms of the following; provision of public goods, production and consumption of merit and demerit goods, consumer sovereignty and equity in income distribution. (30marks). A market economy is an economic system where the factors of production, are privately owned, consumers and producers are motivated by self interest, the level of competition in the markets is very high and resources are allocated through the price mechanism. The definition is supported by Lipsey (1992) who also state that decisions about resources allocation are made without any central direction but instead as a result of innumerable independent decision taken by individual producers & consumers hence in the market economy the individuals or market makes the ultimate decision in allocation of resources. Whereas the planned economy is one in which the coordination of economic activity so essential to the viability and functioning of a complex social economy is undertaken through administrative means commands, directives, targets and regulations rather than by market mechanism. The dictionary.com defined this economic system as a socialist economic system in which production and distribution of goods and services are controlled by the government and industry is mostly publicly owned. Provision of public goods These are goods that are non rivalry in consumption and non excludability as alluded by Stanlake (2000) He also added...
Words: 1296 - Pages: 6
...Hobbes, Locke, and Rousseau states that men were under the assumption of only thinking about themselves, and they did dedicate themselves to their own interests. “Hobbes proposed an autocracy that protects its citizens through its very existence, leaving them no enforceable rights; Locke advanced a liberal regime in which life, liberty, and property are kept safe from governmental discretion, as they are seen as natural human characters; and Rousseau saw politics itself as a remedy for the discontents of private life, and therefore guaranteed to individuals no immunity except for say in public counsel” (Gerson, 2004, p. 777). Men did push toward obtaining a social contract because they were fed up with the killings between each other. The men did give up some of their rights to the government so the social contract would protect them. The government was there to provide bodily security. Rawls did make...
Words: 1478 - Pages: 6
...PUBLIC FINANCIAL MANAGEMENT, INC. Outsourcing Methods & Case Studies City of Colorado Springs Sustainable Funding Committee 04/10/2009 OUTSOURCING Overview ............................................................................................................................. 3 Types of Outsourcing .......................................................................................................... 3 When to Outsource............................................................................................................. 4 When not to Outsource ...................................................................................................... 5 Outsourcing Guidelines ....................................................................................................... 6 Case Studies ...................................................................................................................... 11 Managed Competition ...................................................................................................... 15 Public-Private Partnerships ............................................................................................... 17 Outsourcing Advisory Boards............................................................................................ 18 Outsourcing in Colorado Springs ...................................................................................... 19 Conclusion ...................................................
Words: 7922 - Pages: 32
...Project and Risk Management 1. Introduction This brief examines two projects created for a similar purpose but with different outcomes. The Airwave project was a national project designed to upgrade and integrate communications for and between police forces in the UK (Comptroller and Auditor General, 2002; p2). This project was regarded largely as a success, although it was not without its problems. By contrast, the FiReControl (‘Firecontrol’) project was designed to improve the ‘resilience, efficiency and technology’ of the Fire and Rescue Services (Comptroller and Auditor General, 2011; p5). The aim of the project was to replace 46 local control rooms by a group of nine regional control centres, coordinated through a national computer system to manage emergency situations. The project commenced in 2004 and by the time it was cancelled in 2010, it had cost £245 million compared to the original estimate of £120 million. Worse still, the projected cost to complete the project at the time it was terminated was £635 million. Overall, the project was described by the Chair of the Committee of Public Accounts as ‘the worst case of project failure we have seen’ (UK Parliament, 2013; p1). These two projects appeared to have much in common; they were both infrastructure projects, for similar customers, with similar overall operational requirements. However, it is clear that one largely met the requirements of the system whereas the other failed completely to do so. This...
Words: 5213 - Pages: 21
...since the company began operations in India in 1983. Since April 2012, the Manesar union had demanded a five-fold increase in basic salary, a monthly conveyance allowance of 10,000, a laundry allowance of 3,000, a gift with every new car launch, and a house for every worker who wants one or cheaper home loans for those who want to build their own houses. In addition to this compensation and normal weekend/holidays, the union demanded the current 4 paid weeks of vacation be increased to 7 weeks, plus each worker have 40 days allowance of sick and casual leave - for a total of 75 days. Initial reports claimed wage dispute and a union spokesman alleged the incident may be caste-related. These claims were however denied by the company and the police. Maruti said the unrest began, not over wage discussions, but after the workers' union demanded the reinstatement of a worker who had been suspended for beating a...
Words: 4411 - Pages: 18
...Revenue Cycle (Ch11 Hurt) 92% of Public Companies’ Revenue Processes at Risk for Compliance Failures and Restatements New study by RevenueRecognition.com and IDC reveals widespread reliance on spreadsheets, which greatly increases the likelihood of control weakness and accounting errors. A recent survey of 685 senior financial executives from a broad range of companies, revealed that revenue recognition and reporting activities are not automated within Financial/ERP systems. As a result, 92% of public companies are forced to rely on spreadsheets to fill vital gaps in their revenue reporting processes—despite the fact that spreadsheets are prone to errors, lack audit capabilities, and resist internal controls. This, and other findings, is from a new report by www.RevenueRecognition.com and IDC, “Enterprise Systems and Revenue Recognition: The Missing Link”. Revenue Spreadsheets: The Compliance Killers These results should be alarming for corporate finance departments, executives, and investors alike, because: 1. The risks introduced by spreadsheets violate basic compliance principles. 2. Revenue accounting problems are the leading cause of financial restatements. 3. The number of restatements is on the rise. As a result, compliance managers should be addressing the issue of having spreadsheets in the revenue reporting process. Executives should be extremely cautious about the integrity of the numbers they are attesting to under Sarbanes-Oxley requirements...
Words: 2076 - Pages: 9
...human resource assistant to prevent future problems. The absence of accurate job information created a problem because there was no written job description. In this case the job description was oral and had nothing to do with the tasks that were to be performed. Virginia was not hired to be receptionist, but was put into the role of relief receptionist. This in turn led to her having to cover whole days when the receptionist was ill. She felt the low-level tasks she was asked to perform did not compare with their degree of knowledge such as her college degree or management concepts. Virginia felt that her job was not significant and she did not feel this job was meaningful. This resulted in lack of motivation and dissatisfaction on Virginia's part. In order to prevent problems, the job description for Human Resource assistance needed to contain the following information. HR job descriptions vary by location, size, and structure of the organization. In large organizations, in large cities, HR assistance might have specific duties, but in smaller organizations they could have a number of administrative tasks. Recruitment of candidates and training of new recruiting candidates to the expectation of the organization are the duties of the HR assistant. The HR assistant has many duties within...
Words: 895 - Pages: 4
...before they can lead, as well as be people oriented, honest, outgoing, and disciplined. My company perceives management as both an art and science. The art side is the creative and stylish ways my company caters to your EGO we rely on our customers to provide feedback and there business. And the science behind EGO Fashion is the ability to use the scientific method to figure out if the company financially is going in the right direction, ways to improve the business, as well as solving management problems by using mathematics to aid problem solving and decision making. Management Style: The CEO is very hands-on in his management style which sets the mood and tone for the staff to be productive. He makes sure he empowers all his staff to police themselves, his...
Words: 1620 - Pages: 7
...Virgin Mobile USA is a brand extension of Virgin, a U.K.-based company founded by Sir Richard Branson. The company led by CEO Dan Schulman was founded under Virgin's mission statement which stated "we believe in making a difference. In our customer's eyes, Virgin stands for value, for money, quality, innovation, fun and a sense of competitive challenge... we look for opportunities where we can offer something better, fresher, and more valuable, and we seize them. We often move into areas where the competition is complacent... We are pro-active and quick to act, often leaving bigger and more cumbersome organizations in our wake." (1) Virgin Mobile USA had a number of things going for them despite a crowded cellular marketplace. For starters, they had a CEO who had experience in telecom as he was formerly an executive with AT&T. Schulman also had experience with successful pricing strategies and technology as former CEO of Priceline.com. The biggest plus for the startup was the support and backing by its management and stakeholders who genuinely wanted to garner success against the perception of another market saturated run poorly with complacency and poor customer service. The bar was set high for success, as Schulman's goal was to have acquired 3 million customers by their fourth year of operation. I believe that Virgin Mobile USA took a big gamble in targeting a niche that was essentially written off by the other players in the industry as being largely unprofitable. Perhaps...
Words: 1408 - Pages: 6
...GEORGE DMITRIEV 0952232 This essay will compare and then contrast two distributive justice theories. First this essay will demonstrate how Rawls’s theory will affect the society and its structure in terms of basic social institutions, wealth distribution and major economic limits and opportunities. Then, the essay will demonstrate the same for Nozick’s theory on distributive justice. I will then describe, in which society I would prefer to live in and why. In my understanding John Rawls bases his theory on the veil of ignorance. It’s an imaginative situation that puts all rational people together and lets them make decisions on the justice structure of society without being effected by power or any other influences coming from other people. Having that in mind, all people under the veil of ignorance make decisions with out knowing the results, what place they will take in society and what advantage or privilege that person would have. Based on this, Rawls states that all people will choose two basic but main principles. First is the principle of liberty and freedom. Under which all people have the same rights to the maximum freedom. And secondly Rawls states, that it’s ok to have inequality, as long as those who are better of will somehow benefit those who are least well of. This according to Rawls will minimize the maximum, allowing to “close the gap”. (Shaw, Barry, & Sansbury, 2009) This will be possible according to Rawls as all rational, self-interested people will...
Words: 1604 - Pages: 7
...n January 2008 In AY 2005 the American Sociological Association’s Research and Development Department surveyed a sample of close to 1,800 seniors to find out their satisfaction with the sociology major and their future plans for work, graduate school, or both. Early in 2007 we resurveyed the class of 2005 to find out what they were doing with their bachelor’s degree since graduation.1 This Data Brief, the first in a series of downloadable publications from the second wave of the survey, provides information on the post-graduate activities of graduates, the kinds of jobs they held as of December 2006, their satisfaction with these jobs, and the changes in their overall satisfaction with the sociology major. Figure 1 compares the 2005 responses of senior majors as to their future plans with their 2007 reports as to what they actually were doing. The figure shows that in 2005, 40 percent of respondents planned to work and not attend graduate school after they obtained their _________________________________________________ 1The response rate for the second wave of the survey was 44 percent or 778 graduates. FIGURE 1: MORE SOCIOLOGY BACHELOR’S RECEPIENTS ARE WORKING, PLANS FOR THE FUTURE AT TIME 1 VS. STATUS AT TIME 2 (in Percents) 42.1 Job Only 60.3 22.2 Grad School Only 13.1 26.9 Both 22.0 Wave 1 Wave 2 8.8 Neither 4.7 0 10 20 30 40 50 60 Source: ASA Research and Development Department, What...
Words: 4206 - Pages: 17
