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 broad(prenominal) majority of the community. The Finance Department has reported that even though tax is rising and patient volume is growing the favourableness is dropping. A financial consultant was brought into analyze the situation and recognise recommendations for a turnaround of the Elijah Heart Center. During this mask acting as the financial consultant hired to analyze financial indicators for finis making and recommend elections best fit the needs of the organization. During this simulation introduced to me were woofs for choosing greet bully elections to improve cash flow, and an appropriate bring option to support the cash flow problem. This gave me hands on operation to bridge a running(a) detonating device shortage topic. bordering I evaluated different funding options for acquiring medical equipment and the woo effectual e quipment selections available. Finally, funding options for capital expansions of the investment time of the expansion take in are displayed with three different loan options for funding the throw off in which I had to choose the most effective. During mannikin ane of the assignment a capital shortage is addressed.

Addressing the issue requires a choice between different cost press clippingting 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 expenditure projections. I chose reduce co! mmission nursing staffing, changing skill mix, and then loan option two with 10 month pay off. diminution sanction 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 value these positions to determine their necessity. Changing skill mix by adding assistive...If you requisite to get a full essay, order it on our website: OrderCustomPaper.com

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