Analyzing Fiancial Indicators

Analyzing Financial Indicators for ratiocination Making Shana Pardue HCS/405 September 26, 2011 David W. Catoe Analyzing Financial Indicators for Decision Making In health care it is pertinent that organizations continually access operations and finances while striving to come across and maintain the attribute health care requirements as intumesce as some(prenominal) expectations. Elijah Heart Center (EHC) is a 140 derriere cardiac care hospital that is based in pertly York and is confront increased patient volume but decrease profits. EHC is in danger of not acquiring enough cash to grow itself if at that place is not a long and short-term solution offered to ease the cash flow situation, modernize the hospital, and displace an elaboration plan. EHC is not alone in their require as galore(postnominal) hospitals face these same problems. This is evident in the statement presumptuousness in Modern Healthcare, The hospital industry faces labor shortages and perplexity in obtaining capital (Galloro, 2003, p. 1). To try to resolve these issues, EHC has chosen elderly consultant Shana Pardue from Huber and Guizot accounting firm to develop and implement the piddle inevitably as well as future necessitate. The items that Shana needs to address within a two-year time curry are capital shortage, funding options for equipment acquisition, and funding options for capital expansion.

This discourage emergeing be a challenge but Shana is positive with the advice of her coworkers and the EHC team the best decisions for Elijah Heart Centers pecuniary cr isis go out be reached and implemented. Ca! pital Shortage Elijah Heart Center explained to Shana that there is a working capital shortfall. This requires Shana to look for the best dodging to change cash flow as soon as possible. alter the cash flow will only come out through cutting costs and the best option is to behave out a loan to cover the immediate financial needs of EHC. The Chief Executive Officer (CEO) of EHC, Gilbert Sanchez has set a $900,000 target cost savings for the first year. Shana...If you requisite to get a full essay, order it on our website: OrderCustomPaper.com

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