Financial Operations

University of Phoenix Simulation Review Paper Beryl Powell HCS/405 Instructor: Mr. Watts November 4, 2008 To prize the development of a hospital one must acknowledge the strength and aspects of the monetary operations on a daily basis. A pecuniary consultant must recognize the turnaround time and devour a plan of action to maintain the revenue for the hospital. Also, succeed the best inputs on the issues of the organization. As a financial consultant for Elijah Health Center all avenues will be dispense to prevent capital shortage, funding options for acquiring medical equipment, and evaluate funding options for capital expansions. The first phase presented is Capital shortfall review as one of the major problems within the organization. To change the capital shortage for EHC some cutting flyers were implemented. The reducing of chest of drawers staff and revenue and expenditure projections are good choices for cost-cutting measure without any significant dip in revenue. By change magnitude the number of contract nurses and other personnel, EHC will save on the premiums it pays to staffing agencies and their management fees. The skilled level of agency contracted brief staff could not be compared to the hospital staff, which has been continuously voluminous in patient care.

By choosing this option will be consider as a huge cost saving(a), in any case because cost for contract personnel is nearly twice of those busy by the hospital. The recommendation for changing the skilled mix by hiring unlicensed financial aidive personnel is also a saving in the future. The revenue expenditure projections clearly indicate make up in cost will be effective in the beginning; the revenue will increase significantly in the following months. The nursing assistants and patient care technicians, usually curb about 40 hours or less of hospital-based training, and usually assist register nurse with any duties. The saving for this project is $811,249 by the first quarter, which is more than... If you want to get a unspoiled essay, order it on our website: Ordercustompaper.com

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