Other expansions include 5 operating suites along with seven Cardiac Catheterization Labs. According to Baker and Bakerthe reason for new equipment is needed must be clearly stated. Funding Options for Capital Equipment Acquisition The facility is in need of new equipment to make sure patients are receiving the proper care and to reduce costs, long term.
Both the HUT and the private bank are first mortgages; neither have an escrow account on the income of the hospital. Of course when dealing with government health funded insurance carriers such as Medicare, the reimbursement levels are well below budget standards.
This leads into the second option that was chosen. Financial Portfolio Elijah Heart Center has managed to stay in operation due to excellent patient services.
When choosing the best options for purchasing equipment, it results in lower costs and more profits when thinking future tense.
This option had the sights interest rate, but did not have a repayment time frame, as option two had a six month repayment limit. As the senior financial consultant, I will present plans for short term and long term goals if needed.
Funding Options for Equipment Acquisition Evaluate funding options for acquiring medical equipment Phase 3: Insurance rates are not current and based on past medical costs which stunts the financial growth of the hospital.
The expansion called for a plan that HUD loan insurance program could help with in funding. The equipment at this point is two years old and change with technology every few years. The facility needs to purchase three machines.
The first option addressed was to decrease the staff hired from outside sources. The critical and visual aspect of what was provided helped me in my choices resulting in a solved problem with the capital storage at EHC. The facility will be paying more but in the grand scheme it will be cheaper with the upgrading options.
Capital Shortage Analyze which cost-cutting options you selected and why. Analyze the outcome of your capital shortage decision. Funding Options for Capital Expansion Evaluate which source of funding for capital expansion you selected and why. Depending on the specific position and pay grade, large quantities of contract workers drains the current financial budget and reserves.
Format your paper consistent with APA guidelines Use the order calculator below and get started. Evaluate the outcome of your source of funding for capital expansion decision.
The most cost efficient method was used to revamp the equipment in use at the present time.
Funding Options for Capital Expansion Evaluate funding options for capital expansion Write a word paper analyzing the decisions you made in the simulation.
Several of those downfalls are; Capital shortage, capital expansion, accounting systems and funding options. The hospital also provides outpatient services for less invasive procedures and clinical care.
Summary and Conclusions Explain what you learned from this simulation.
After meeting with the Board of Directors, Gilbert Sanchez stated the desire to purchase medical equipment to continue to provide excellent care to clients.
Simulation Review Paper on Elijah Heart Center. Pages: 3 Words: Elijah Heart Center (EHC), is a healthcare organization focused on cardiac health. The facility is equipped to handle the full spectrum of cardiovascular services for physicians and patients. The hospital. The purpose of this paper is to address the topics in financial accounting from a cardiac care hospital’s perspective by evaluating an electronic financial simulation of the fictitious Elijah Heart Center (EHC) a bed cardiac care hospital based in New York City.
Elijah Heart Center Simulation Review HCS Week 4 Individual Assignment Simulation Review Complete the following tasks before beginning the simulation: Save and print the Simulation Aid document.
You will need to reference it as you complete the simulation. Simulation Review Essay Macy Skalski HCS/ Health Care Financial Accounting University of Phoenix- AXIA Instructor Sherida Douglass November 19, Simulation Review Essay The Elijah Heart Center is facing the financial distress common in specialized health care organizations.
This is the combination of the need for improved technology, a reduced income, and the demand for expansion. Elijah Heart Center Simulation Review. Review the assignment instructions and have an extra sheet of paper ready for taking notes as you complete the simulation.
Complete the Health Care Financial Accounting simulation. In the simulation, you are in charge of a fictitious health care organization facing financial difficulties.
Simulation review paper HCS (3 Pages | Words) Simulation review paper * Cecilia McDaniel will discuss some financial accounting options for the Elijah Heart Center through a working capital shortage, and evaluate some funding options for acquiring medical equipment, and capital expansion.Simulation review paper on elijah heart