Simulation Review
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- Date Submitted: 07/25/2011 06:23 PM
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Simulation Review
Kimberly Shaw
HCS/405
June 27, 2011
Diana Schilling
This essay will discuss the decisions that were made when completing the simulation. This essay will discuss the reasoning on the choices that were made in phase one of the simulation that discussed capital shortage with the financial accounting from a cardiac care hospitals perspective. This essay will discuss the options that were taken to decrease the capital shortage for the company. This essay will also discuss the cost cutting options, and the loan option selected as well as the outcome of these decisions. In phase two the options for funding equipment was looked at and this essay will discuss the outcome of the decision. This essay will also look at the funding options for funding options for capital expansion and what options were chosen and the outcome of this decision. Finally, this essay will discuss what lessons were learned from this simulation and if had the option would these same decisions be made, and this essay will also discuss how these decisions would be applied at current or future jobs.
In phase one of the simulation we looked at the impact on the cost cutting measures. The options that were chosen were reducing agency staff as well as changing the skill mix. These two cost cutting options did not leave a shortfall. This was the best option for the organization. Reducing the agency staff is a great option because the organization would constantly have to train new agency staff when current agency staff may find permanent positions. These staff members also have the salaries of two times the permanent staff that could be hired because they are called upon short notice and do not offer any type of benefits within the agency they are working. The other option that was chosen was the changing the skill mix this means hiring people to do job duties that do not require licenses this would leave the nurses able to delegate duties so they can focus on...
Kimberly Shaw
HCS/405
June 27, 2011
Diana Schilling
This essay will discuss the decisions that were made when completing the simulation. This essay will discuss the reasoning on the choices that were made in phase one of the simulation that discussed capital shortage with the financial accounting from a cardiac care hospitals perspective. This essay will discuss the options that were taken to decrease the capital shortage for the company. This essay will also discuss the cost cutting options, and the loan option selected as well as the outcome of these decisions. In phase two the options for funding equipment was looked at and this essay will discuss the outcome of the decision. This essay will also look at the funding options for funding options for capital expansion and what options were chosen and the outcome of this decision. Finally, this essay will discuss what lessons were learned from this simulation and if had the option would these same decisions be made, and this essay will also discuss how these decisions would be applied at current or future jobs.
In phase one of the simulation we looked at the impact on the cost cutting measures. The options that were chosen were reducing agency staff as well as changing the skill mix. These two cost cutting options did not leave a shortfall. This was the best option for the organization. Reducing the agency staff is a great option because the organization would constantly have to train new agency staff when current agency staff may find permanent positions. These staff members also have the salaries of two times the permanent staff that could be hired because they are called upon short notice and do not offer any type of benefits within the agency they are working. The other option that was chosen was the changing the skill mix this means hiring people to do job duties that do not require licenses this would leave the nurses able to delegate duties so they can focus on...