Analyzing Fiancial Indicators

Analyzing Financial Indicators for finality 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 master and maintain the attribute health care requirements as wholesome as some(prenominal) expectations. Elijah Heart Center (EHC) is a 140 get it on cardiac care hospital that is based in new-fangled York and is confront increased patient volume but decrease profits. EHC is in danger of not acquiring enough money to grow itself if on that point is not a long and short-run solution offered to ease the cash flow situation, modernize the hospital, and project an elaboration plan. EHC is not alone in their require as galore(postnominal) hospitals face these same problems. This is evident in the statement impudence in Modern Healthcare, The hospital industry faces labor shortages and sti r up in obtaining capital (Galloro, 2003, p. 1). To try to resolve these issues, EHC has chosen one-time(a) consultant Shana Pardue from Huber and Guizot accounting firm to develop and implement the warm inevitably as well as future ask. The items that Shana needs to address within a two-year time redact are capital shortage, funding options for equipment acquisition, and funding options for capital expansion.

This appal emergeing be a challenge but Shana is positive with the advice of her coworkers and the EHC group the best decisions for Elijah Heart Centers financial crisis provide be reach ed and implemented. Capital Shortage Elija! h Heart Center explained to Shana that there is a working capital shortfall. This requires Shana to look for the best schema to change cash flow as soon as possible. alter the cash flow will only break through cutting costs and the best option is to desex out 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 fate to get a full essay, order it on our website: OrderCustomPaper.com

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