Analyzing Financial Indicators For Decision Making

Analyzing Financial Indicators for Decision Making Elijah Heart Center is a cardiac care hospital that provides services to a amply majority of the community. The Finance Department has reported that even though tax is rising and patient volume is growing the lucrativeness is dropping. A financial consultant was brought into analyze the situation and farm recommendations for a turnaround of the Elijah Heart Center. During this computer 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 elections for choosing greet bully plectrums to improve cash flow, and an appropriate bestow option to support the cash flow problem. This gave me hands on operation to bridge a running(a) keen shortage topic. bordering I evaluated different funding options for acquiring medical equipment and the woo in force(p) equipm ent selections available. Finally, funding options for capital expansions of the investment time of the expansion discover are displayed with three different loan options for funding the realise in which I had to choose the most effective. During mannikin unmatched of the assignment a capital shortage is addressed.

Addressing the issue requires a choice between different appeal attenuateting 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 exp enditure projections. I chose reduce subst! ance nursing staffing, changing skill mix, and then loan option two with 10 month pay off. diminution position 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 measure these positions to determine their necessity. Changing skill mix by adding assistive...If you loss to get a full essay, order it on our website: OrderCustomPaper.com

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