Analyzing Fiancial Indicators

Analyzing Financial Indicators for conclusiveness 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 grasp and maintain the attribute health care requirements as intumesce as some(prenominal) expectations. Elijah Heart Center (EHC) is a 140 make do cardiac care hospital that is based in stark naked York and is confront increased patient volume but decrease profits. EHC is in danger of not acquiring enough silver to grow itself if in that location is not a long and short-term solution offered to ease the cash flow situation, modernize the hospital, and offer 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 shortag es and hassle in obtaining capital (Galloro, 2003, p. 1). To try to resolve these issues, EHC has chosen doddering consultant Shana Pardue from Huber and Guizot accounting firm to develop and implement the tack inevitably as well as future postulate. The items that Shana needs to address within a two-year time arrange are capital shortage, funding options for equipment acquisition, and funding options for capital expansion.

This turn down 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 fiscal crisis en trust be reached and implemented. Capital S! hortage Elijah Heart Center explained to Shana that there is a working capital shortfall. This requires Shana to look for the best system to change cash flow as soon as possible. alter the cash flow will only relegate through cutting costs and the best option is to regaining out a loan to cover the immediate financial needs of EHC. The Chief Executive Officer (CEO) of EHC, Gilbert Sanchez has mold a $900,000 target cost savings for the first year. Shana...If you indirect request to get a full essay, order it on our website: OrderCustomPaper.com

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