Elijah Heart Center

University of Phoenix Material

Simulation Review Paper

Review the Analyzing Financial Indicators for Decision Making simulation. Prepare a formal 1,050- to 1,400-word paper describing the decisions you made in the simulation. Specifically address the following:

Financial Accounting from a Cardiac Care Hospital’s Perspective

• Bridge a working capital shortage. Implement a short term on budget cutting and increasing in house staff with less benefits.

• Evaluate funding options for acquiring medical equipment.

• Evaluate funding options for capital expansion.

Phase I: Capital Shortage

• Which cost-cutting options did you select? Why? My recommendation was base on the cash flow to reduce the proportion of agency contract staff that will cut cost on the revenue and expenditure projections from implementing. By reducing the premiums, the number of staff and management fees will save significant amount revenue for the company. This allows the option for hospital staff with better skills then an out agency staff that has no direct contact with patient care. However, on my second chose cutting benefits will also save on the revenue, I carefully review my option, by cutting back on vacation time, sick time, less holiday will also save tremendous amount on the budget. With a good package that will appeal the staff, I believe the EHC will recover from the loss of revenue. This will be a temporary put into place in to keep staff happy, with today economy, jobs are hard to find. . The cost containment measures the impact of new opportunities of staff in the professional level that challenge the work environment. The overall solution is minimized in various organizations across the entities professional practice.

• Which loan option did you select? Why? The loan option was 2 at 9;00% interest rate for term of 12 months for prepayment limitation. The loan is 1,217,100, at the rate given the company is saving revenue of...