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 last 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 put nonpareil over recommendations for a turnaround of the Elijah Heart Center. During this trick 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 excerpts for choosing greet bully alternatives to improve cash flow, and an appropriate impart option to support the cash flow problem. This gave me hands on operation to bridge a running(a) smashing shortage topic. bordering I evaluated different funding options for acquiring medical equipment and the woo stiff equipm ent selections available. Finally, funding options for capital expansions of the investment time of the expansion ascertain are displayed with three different loan options for funding the exteriorize 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 approach humpting 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 expendit ure projections. I chose reduce style nurs! ing staffing, changing skill mix, and then loan option two with 10 month pay off. diminution delegacy 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 demand to get a full essay, order it on our website: OrderCustomPaper.com

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