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HCS/405 Health Care Monetary Accounting
Trainer: Donna Pearson
" Concern regarding the growth of healthcare an expense is popular and continuous increases in hospital cost per day are a significant component with this concernвЂќ (2009). In this newspaper it reveals an example of how healthcare cost is constantly increasing and the particular hospitals should do to keep up with the increase of costs. This conventional paper is a ruse paper that analyzes financial indicators intended for decision making. From this simulation the financial accounting from a Cardiac Attention Hospital's Perspective had to link a working capital shortage, assess funding choices for attaining medical products, and examine funding alternatives for capital expansions. In phase one simulation, I was to decide on what cost-cutting option to choose from that could solve the cash flow for Elijah Cardiovascular Center (EHC). In addition to selecting a loan alternative that will cover any capital shortfall that will occur. When these selections were made, I then had to describe why I chose the options and what were there outcome. The options that I decided to go within cost cutting were Reducing Proportion of Agency Developed Staff and Changing the Skill Mixture. I chose these two because in the Revenue and Expenditure Projections it demonstrated that the costs would go down without purchasing significant changes in the revenue. As well Saika Takeuchi recommendation that choosing the two of these choices will cut cost in a major way and it would also make the revenue increase in the event the EHC change the percentages. The other decision that I needed to choose from was which financial loan option was a better fit for EHC. I chose alternative one which has a three months loan repays for the reason that loan can help EHC pertaining to the three months that the facility is short on cash. In three months Medicare and other managed proper care companies can pay the facility $2, three hundred, 000 for his or her services, that will solve the latest...