Simulation Review Paper
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- Date Submitted: 02/11/2011 04:45 PM
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Simulation Review Paper
Nancy Young
Health Care Financial Accounting HCS/405
Marty Stango
February 7, 2011
Simulation Review Paper
Financial Accounting from a Cardiac Care Hospital’s Perspective In 1975, the first hospital that was constructed in Kelsey is Patton-Fuller Community Hospital. They are most often dedicated to provide quality customer care; they specialize in programs that can maintain the health and welfare of the local community and other population. Patton-Fuller Health Care is a not-for-profit Community Hospital that services care such as emergency medical care, labor, delivery, physical therapy, radiology, cardiology, and surgery for all adults and children. In this paper I will be analyzing financial indicators for decision-making to understand the strengths and weaknesses of a Cardiac Care Hospital. In addition, I will be implementing strategies to improve the cash flow at Elijah Heart Center (EHC). At the same time, I will also be evaluating the funding options for obtaining medical equipment, and also the funding strategies for the success or failure of capital expansion (Apollo Group, 2011). On behalf of the summary and conclusion, I will need to explain what I learned from this simulation, what I would do differently if I performed the simulation over again, and following how I would apply what I have learned at my current or future job (Apollo Group, 2006). Phase I: Capital Shortage The board members at Elijah Heart Center (EHC) have recommended engaging my services as a Senior Consultant to execute and accomplish new strategies for his or her current problems. In the simulation, the financial accounting at EHC has reported that the revenues and quantity are increasing at a rapid rate. Even if the productivity of the employees is decreasing, it is good to consider the financial performance and to bridge the working capital shortage (Apollo Group, 2006). The...
Nancy Young
Health Care Financial Accounting HCS/405
Marty Stango
February 7, 2011
Simulation Review Paper
Financial Accounting from a Cardiac Care Hospital’s Perspective In 1975, the first hospital that was constructed in Kelsey is Patton-Fuller Community Hospital. They are most often dedicated to provide quality customer care; they specialize in programs that can maintain the health and welfare of the local community and other population. Patton-Fuller Health Care is a not-for-profit Community Hospital that services care such as emergency medical care, labor, delivery, physical therapy, radiology, cardiology, and surgery for all adults and children. In this paper I will be analyzing financial indicators for decision-making to understand the strengths and weaknesses of a Cardiac Care Hospital. In addition, I will be implementing strategies to improve the cash flow at Elijah Heart Center (EHC). At the same time, I will also be evaluating the funding options for obtaining medical equipment, and also the funding strategies for the success or failure of capital expansion (Apollo Group, 2011). On behalf of the summary and conclusion, I will need to explain what I learned from this simulation, what I would do differently if I performed the simulation over again, and following how I would apply what I have learned at my current or future job (Apollo Group, 2006). Phase I: Capital Shortage The board members at Elijah Heart Center (EHC) have recommended engaging my services as a Senior Consultant to execute and accomplish new strategies for his or her current problems. In the simulation, the financial accounting at EHC has reported that the revenues and quantity are increasing at a rapid rate. Even if the productivity of the employees is decreasing, it is good to consider the financial performance and to bridge the working capital shortage (Apollo Group, 2006). The...