Simulation Review HCS/405 HealthCare Financial Accounting The simulation states‚ “Many hospitals in the United States are financially vulnerable because of the reduction in Medicaid cuts‚ funding cuts‚ and cuts in Medicare payments” (University of Phoenix‚ 2009). This simulation paper will show what some hospitals have to do to keep costs down. In addition‚ it will analyze financial indicators for decision making. This simulation will also show the financial accounting from a Cardiac
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Financial Indicators Decision Making Simulation Form Date: June 14‚ 2013 Team: B Team Members: What cost cutting options were chosen? Explain why those were chosen. The organization chose to reduce agency staff and to change the mix of skilled staff members. The agency staff cost much more than the regular organization staff members and are not nearly as thorough in providing patient care due to lack of familiarity. The goal of increasing the ratio of aid staff to nursing
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Budget Management Analysis Juan Vazquez-Nieves HCS 571 August 27‚ 2011 Tamica Lewis Abstract A budget is an instrument used to help managers ensure that the resources used effectively and proficiently toward the goals of an organization. A budget projection can be made on a yearly base depending on previous year or existing one. They can further be broken down quarterly or monthly depending on it use. Generating a budget is complex undertaking‚ and for a budget to be effective the organization
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Capital Project HCS/571 Capital assets are generally purchased to improve quality of care‚ or to provide needed equipment for a new service or expansion of an existing service. The key element in capital budgeting is that the building or piece of equipment being acquired has a lifetime that extends beyond the year of purchase and it is a capital asset or long-term investment for the hospital. Capital assets are good financial investments for the organization.(Finkler‚ Ward‚ & Baker‚ 2007)
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Financial Information Pack Contents Sources of Finance Page 2 Introduction Page 2 Major Sources of Finance Page 2 Internal Sources Page 2 External Sources Page 3 Business Projects and Assets Page 7 Introduction Page 7 Assets Page 7 Types of Projects Page 7 Implications of Finance and Liabilities Page 11 Introduction Page 11 What is Liability? Page 11 Implications and Costs of Financial Resources
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Educating Young People Who Will Be Significantly Different! Achievement Standard: 90981 Make a financial decision for an individual or group Resource reference: Accounting 90981 (1.6) Credits: 3 Student instructions sheet Introduction This assessment task requires you to: • Collect printed and/or electronic data (and provide details of your sources) Your data must be collected from secondary sources (e.g. Internet research‚ brochures‚ newspapers‚ magazines etc)
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COURSE TITLE: MANAGING FINANCIAL PRINCIPLES AND TECHNIQUES NAME OF CANDIDATE: DATE ASSIGNMENT IS DUE: 20th November 2012 TUTOR: S. M. Azeem Please‚ ensure you sign the statement of authentication and follow the notes given at the end of the assignment PREAMBLE Organisations operate in a very competitive and continually changing environment where effective decision making is crucial if an organisation
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University of Phoenix Material Simulation Review Paper Review the Analyzing Financial Indicators for Decision Making simulation. Prepare a formal 1‚050- to 1‚400-word paper describing the decisions you made in the simulation. Specifically address the following: Financial Accounting from a Cardiac Care Hospital’s Perspective • Bridge a working capital shortage. • Evaluate funding options for acquiring medical equipment. • Evaluate funding options for capital expansion
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In Week 2 the discussion was about employee relations. To identify recruitment and selection strategies and methods as part of the workforce. Understanding and differentiate between job analysis‚ job description‚ and job specification. Discussing about the process an organization uses to ensure that it has the right amount and the right kinds of people to deliver a certain level of output or services in the future. Learning of the forecasting techniques which are quantitative and qualitative‚ a variety
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FINANCIAL INDICATORS DECISION MAKING SIMULATION FORM Asha Thomas‚ Deborah Krause‚ Liz Gomez‚ Krystal Balzer‚ Felecia Williams Team C HCS/571 Shawishi T Haynes July 9‚ 2012 University of Phoenix COST CUTTING OPTIONS COST CUTTING LOAN OPTIONS Option 1 Vs. Option 2 Amount: $1‚500‚000 Interest Rate: 9.45% Monthly Installment: $131‚490 Term (Months): 12 Prepayment Limitations: 0 Amount: $ 1‚500‚000 Interest Rate: 9.00% Monthly Installment: $131‚177 Term (Months): 12 Prepayment Limitation: 6 Strategies
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