...Hospital Supply Inc. CASE ANALYSIS PRESENTED BY GROUP 1: PAT R I C I A C O, A N D R H EA A R N U C O, RO B M I C L AT, S H I E N E L M UJA R D E L A SA L E U N I V E RS I T Y - M BA Background of the Case Hospital Supply, Inc. produced hydraulic hoists that were used by hospitals to move bedridden patients. The cost of manufacturing and marketing hydraulic hoists at the company’s normal volume of 3,000 units per month are shown in Table 1: Table 1: Cost per Unit for Hydraulic Units Unit manufacturing costs: Variable materials Variable labor Variable overhead Fixed overhead Total unit manufacturing costs Unit marketing costs: Variable Fixed overhead Total unit marketing costs Total unit costs $550 $825 $420 $600 $2,455 $275 $770 $1,045 $3,500 Background of the Case Selling price is $4,350 per unit, based on the company’s normal volume of 3000 units. Problem Statement Hospital Supply Inc. has an opportunity to increase its profits with the following course of actions: •Cutting the selling price. •Accepting a contract offer from the federal government. •Entering a foreign market. •Partnering with an outside contractor. Objective The objective of this case is to recommend which among the opportunities should Hospital Supply Inc. take in order to become more profitable. Areas to Consider: Break-Even Analysis First, it is important to determine the breakeven volume based on the company’s current costs and...
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...Dr. Patricia Jenkins Financial Data Analysis Financial management is an important aspect of health care financing. Whether for a hospital, medical group, or home care agency, long-term or short-term finance, maintaining accurate asset management records could mean the difference in failure or success for many organizations. The purpose of this assignment is to compare financial data for two consecutive years for Patton-Fuller Community Hospital from the 2008 and 2009 Balance sheets and Revenue and Expense sheets, and to identify significant changes between the years. I will also attempt to provide possible explanations for those changes based upon information provided within the Annual Report for that hospital. Patton-Fuller Community Hospital Financial Statements 2008-2009 Patton-Fuller Community Hospital (PFCH) is a large full service hospital providing cutting-edge medical care to Kelsey and the Northwest Valley since 1975. This is a physician owned organization with a fourteen member governing board in which each member with exception of the Chief Executive Officer (CEO) and the Chief Financial Officer (CFO) have equal voting rights. Each member serves a three-year term and elections are held each December, at which time four new members are voted in by the shareholders and profits are distributed among the owners (Apollo Group, Inc., 2013). According to the 2009 Annual Report the CFO indicates that 80% of Patton-Fullers revenue is generated by in-patient activity...
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...COMPANY PROFILE H I S T O R Y The company was established and incorporated in the latter part of 1994 that was September, primarily to import and distribute medical disposable products. It commences full operation early l995 after we finalize our negotiation with our 1st foreign principal, Kimal Scientific Products Ltd. to distribute on exclusive basis their dialysis and cardiology catheters/disposable products and medical equipment like blood collection system, Peritoneal dialysis machine etc. After we got our government licenses, permits, finalize exclusive distribution contract with more foreign suppliers such as Ewemed Hollinger of Austria that manufactures ECG Electrodes, Tablet Dispenser, Medical Therapy Lazer etc., we expanded additional sales business operation exactly in the 3rd quarter of 1995 with three (3) sales people, 1 accountant, 1 driver, 1 helper, a warehouse clerk, and (1) General Manager for finance and personnel plus Paul B. Soliven Jr. on a part-time and consultancy basis to take care & support the operational requirement of the company. To back up our sales operation and distribution network nationwide we have employed 3 dealers in the provinces for Visayas, Mindanao and Region 2. On 01 June 1996, Paul B. Soliven Jr. assume full responsibility in running the sales, marketing, distribution and operation of the company due to new and more products, additional foreign suppliers etc. The business address of the company...
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...I. PROBLEM City Hospital Supplies, Inc. is faced with the means to develop the Philippine market for the three product lines of Sneider Company for its startup operations. II. SWOT ANALYSIS STRENGTHS • Limited liability of owners The shareholders are not personally liable for corporate acts and debts. This means that in case of liquidation of the company, if the company's assets are insufficient to meet the liability, nothing is required to be contributed by the owners. Only the owners' contribution is at stake rather than their personal assets. • Raising capital is easy as approved by stockholders The company’s form of business organization, corporation, makes possible the raising of large amounts of money from large number of persons. As for City Hospital Supplies, Inc., four other friends of the incorporators would be invited to put in token investments in the firm. • Exclusive distributorship agreement with Sneider Company The company had just been awarded the exclusive distributorship in the Philippines for the Sneider line of hospital supplies by the Regional Marketing Director for Asia of the Sneider Company based in West Germany. An agreement followed after months of negotiations. This is an advantage over other companies in the Philippines. • Good pricing strategy Positioning the Sneider lines about 15-20% lower than the competition would help capture a major share of local market. • Location...
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...Financial Statements North Hawaii Community Hospital, Inc. December 31, 2008 TCA Partners, LLP Certified Public Accountants North Hawaii Community Hospital, Inc. Audited Financial Statements December 31, 2008 Independent Auditor’s Report.............................................................................................................. 1 Audited Financial Statements: Balance Sheets ................................................................................................................................. 2 Statements of Operations ................................................................................................................. 3 Statements of Changes in Net Assets............................................................................................... 4 Statements of Cash Flows................................................................................................................ 5 Notes to Financial Statements.......................................................................................................... 7 TCA Partners, LLP Certified Public Accountants 1111 East Herndon Avenue, Suite 211, Fresno, California 93720 Voice: (559)431-7708 Fax: (559)431-7685 Independent Auditors’ Report To the Board of Directors North Hawaii Community Hospital, Inc. Kamuela, Hawaii We have audited the accompanying balance sheet of North Hawaii Community Hospital, Inc. (the Hospital) as of December 31, 2008, and the related...
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...PHP) MARKET SHARE (ASIA) 3.93% DEMAND FOR THE PHARMACY BUSINESS IS VERY HIGH! PHILIPPINE PHARMACEUTICAL INDUSTRY FACTBOOK 7TH EDITION 2008 AND THE FRANCHISE TALK Magazine Royalty Fee (First 3 Years)! Adheres to the GMP (Good Manufacturing Practice) Standard Requirements -Regulations promulgated by the US Food and Drug Administration to “ensure that their products are safe, pure, and effective”! Robinson’s Supermarket Corp. Pilipinas Makro. Incorporated Goldshine Pharmaceutical, Inc. Cafe Puro Sunway Products Phils., Inc. Peak Marketing The Livearn Corporation PTCoco Agriventures Panay Ecosavers, Inc. Dragon Traders Imports, sells, and distributes non- patented, Branded Pharmaceutical and Hospital / Laboratory Supplies and Equipment as well as other Healthcare Products for over 10 years! FOREIGN Suppliers •IPAS (North Carolina, U.S.A.) – MVA Products •MEDIPLUS LTD. (India) – Hospital Supplies •NIESS LABORATORY (India) – Pharmaceutical Products •SANXIN EVERSINCERE...
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...of incomplete voiding and hesitancy causing the bladder to remain full and requires a catheter for drainage. Urinary incontinence and retention are the 2 main reasons why personal urinals are used. The biggest issues dealing with personal urinals both in hospital and public settings are the embarrassingly disgusting odors left from residue urine and more importantly the potentially dangerous bacteria and viruses that could reside on your urinal. We at Mario Medical, Inc. offer a solution to male and female urinal users with the Uri-mist. The Uri-mist is a portable personal urinal that has a built in spray mist system on the cap. This product is used like a normal urinal, where a user fills the urinal with urine content. When finished the urinal must be emptied and cleaned. The old process was to empty the urinal contents in the toilet, and then rinse the urinal out with water which will be disposed in the toilet. At this point some users are finished cleaning such as hospitals in most cases and those with dexterity issues while others use a more sterile method by cleaning the urinal with disinfectant or bleach mix that they have separately from the urinal to kill bacteria and viruses. We at Mario Medical, Inc. feel this process takes too long and might not be feasible for every user who wants a sanitized urinal. With the Uri-mist, after the user rinse the urinal with water, the user then can close the cap on the urinal. Once the cap is securely on the user then...
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...Medtronic, Inc. (NYSE- MDT) Principal Office: 710 Medtronic Pkwy., N.E. Minneapolis, MN 55432, (763) 514-4000 Website: www.medtronic.com NAICS: 325412: Pharmaceutical Preparation Manufacturing Primary SIC: 3845- Electromedical and Electrotherapeutic Apparatus Manufacturing Secondary SIC: 339112- Surgical and Medical Instrument Manufacturing. Auditor: PricewaterhouseCoopers LLP, New York, NY Primary Bank: Wells Fargo Bank, N.A., Minneapolis, MN Company started: 1949 Number of Employees: 45,499 Table of Contents: Sl. | Topics | Page | 1 | General Description of Medtronic Inc. | 1 | 2 | Challenges 2.a. Medical Device Industry2.b. Medtronic Inc. | 3 | 3 | Ethical issues | 5 | 4 | Financial Analysis4.a. Financial Analysis of 10K 4.b.Cost and expenses analysis 4.c. Financial Ratios | 689 | 5 | Industry/Competitor Analysis | 11 | 6 | Conclusion | 13 | 7 | Bibliography | 14 | By Geethapriya Setty (100918266) Address: 1300 Hennepin Ave, Apt M101, Minneapolis, Minnesota-55403 Section 1: General Description of Medtronic Inc. Medtronic Inc., a medical technology company, was founded in 1949 by Earl Bakken and Palmer Hermundslie. It was incorporated in 1957 in Minneapolis, Minnesota. They were the first to create a wearable cardiac pacemaker in 1957. They have been able to expand their business from a small repair company, which serviced medical equipment in hospitals, to being...
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...assembling each J-42. This experimentation seemed successful, so Kincade proceeded to prepare some estimates for large-scale J-42 production. Kincade determined the following : 1. A local toolmaker would make the new fixtures for a price of $900 each. One fixture would be needed for each assembly worker 2. Assembly workers were readily available, on either a full time or part time basis, at a wage of $6,75 per hour. Kincade felt that another 20% of wages would be necessary for fringe benefits. Kincade estimated that on the average (including rest breaks), a worker could assemble, test, and pack 15 units of the J-42 per hour 3. Purchased components fort the J-42 should cost about $1.53 per nit over the next year. Shipping supplies and delivery costs would amount to approximately $0.09 per unit 4. Suitable space was available for assembly operations at a rental of $1,080 per month. A 12-moth lease was required 5. Assembly tables,...
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...Part A: Cost concerns at Dialysis Dialysis Assistance is a full-service dialysis clinic for patients with kidney problems. Typically these patients cannot be cured, but they can maintain their current quality of life by a dialysis treatment. There are two types of patients, the hemodialysis patients (HD) and the peritoneal dialysis patients (PD). The HD-patients need more intensive monitoring. They visit the hospital three times a week where their blood is cleansed with a specialized dialyzer machine. Alternatively PD-patients are treated at home (once a week) via easier techniques that use standard supplies. This treatment is monitored by staff-visits of ‘Dialysis Assistance Inc.’. The following information is available with regard to these treatments. TOT HD PD Treatments 12.000 8.000 4.000 Direct Costs (supplies) $860.000 $550.000 $310.000 General overhead $1.170.000 ? ? Currently there is a discussion going on about cost allocation. Using the number of treatments as allocation base is one option that most hospitals tend to use. Some hospitals use the direct cost base as an allocation base for overhead. Nevertheless, the alternative is a more detailed analysis of overhead: The general overhead for these treatments consists of two activities namely (1) nursing services (with skilled A-level and lower skilled B-level staff) and (2) specialized dialyzes machine activity. Full-time equivalents and the % of machine usage are potential allocation bases. Following data...
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...Analysis - Owens and Minor, Inc. 1.1) What are the services rendered by the distributor to manufacturers and hospitals? Owens and Minor Inc. is a dominant distribution company that distributes medical and surgical supplies to hospitals, integrated health care systems and group purchasing organizations. It takes on the financial risk of owning and managing inventory for customers. It tracks and verifies their customer’s prices. In addition, O&M supplies customer usage and sales numbers, market trends, buying patterns and product penetration to manufacturers. 1.2) How has the nature of distribution changed over time? In the mid1980s hospitals joined together to gain more control of supply costs. They began carrying less inventories and demand more services from distributors without paying more, which led to the consolidations of distributors as well. Customers wanted the distributors to package the products in smaller units and shipped them directly to nursing and surgical units. They also placed smaller orders more frequently. This new trend shifted some of inventory related costs to distributors. Companies like O&M had a hard time find a way to price these new complex services for each individual account. They underpriced services and some customers such as those with stockless system were unprofitable for the companies. 1.3) How is O&M different from other distributors? O&M decided to focus solely on distributing medical and surgical supplies while many of its competitors...
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...……………………………………………………………………………3 Phase I ………………………………………………………………………………………….4 Phase II …………………………………………………………………………………………7 Phase III ……………………………………………………………………………………….24 Phase IV ……………………………………………………………………………………….52 References ……………………………………………………………………………………..56 Team Project: Designing a Compensation Plan for Eco Pillow Inc. Executive Summary Eco Pillow Inc. located in New Rochelle, New York manufactures recycled and recyclable plastic pillows for the healthcare industry with a strong commitment to provide quality eco-friendly products that are not only safe for consumers but the environment as well. Eco Pillow is a company that produces and distributes these products to a primary client base of hospitals in a local New York metro demographic in order to form long-lasting relationships with their cliental. Through innovation and product development the company can offer the healthcare community a specialty designed product and meet the demands for a safe and environmentally friendly product that is well-known current and future goals of the healthcare industry. Eco Pillow Inc. provides this compensation plan to formulate the cost associated with the employee base and essentially the human resources plan for staffing and maintaining the company, aimed at fulfilling each of the positions needed for business achievement. This plan will provide a detailed view of each position as well as the job description and requirements of each...
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...University of Phoenix Operations Management OPS/571 Professor Peter Wilms January 14, 2015 Telehealth Services With health care costs rising many consumers, and small employers are struggling to afford their health insurance premiums. Some employers are not able to offer health care coverage at all. For firms with fewer than ten employees, only 50 percent offered coverage to their workers in 2012 ("Rising Health Care Costs," 2014). FEM, Inc. is searching for a more consistent, inexpensive format for monitoring patients, streamlining care and minimizing costs, and Telehealth is the solution. Telehealth is the use of electronic information and telecommunications technologies to support long-distant clinical health care, patient and professional health-related education, public health, and health administration, and it can all be brought to the patient’s location ("Telehealth," 2014). FEM. Inc. will be located in the Skyridge Medical Center in Lone Tree, Colorado. It is best known for being the first acute care hospital in the fastest growing county in the country. It has established itself as a center for 80 specialties and home to a busy birth center which brings about 250 babies into the world each month. The 57-acre campus encompasses a variety of treatment centers, including the Sally Jobe Breast Center and the Sky Ridge Cancer Center. Over the past four years, the hospital’s presence in Lone Tree has drawn a number of other health-care providers to the area...
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...PetSmart, Inc. (NASDAQ: PETM) As the largest specialty pet retailer of services and solutions for the lifetime needs of pets, we employ approximately 52,000 associates and operate 1,289 stores and more than 196 in-store PetSmart PetsHotels® dog and cat boarding facilities in the United States, Canada and Puerto Rico. We provide a broad range of competitively priced pet products and in-store services including pet adoption, boarding, grooming and training. Our stores are stocked with more than 10,000 products and we’re also a leading online provider of pet supplies and pet care information (http://www.petsmart.com/). Through our in-store pet adoption partnership with PetSmart Charities®, PetSmart has helped save the lives of more than 5 million pets since 1994. PetSmart Charities, Inc. and PetSmart Charities of Canada, Inc. (“PetSmart Charities”) are independent, nonprofit organizations that save the lives of homeless pets and reduce shelter intake through spay/neuter efforts. In 2012, nearly 450,000 dogs and cats found homes through the organization's adoption centers in all PetSmart stores and by sponsoring community adoption events. PetSmart Charities is the leader in granting money to help pets in need, with more than $28 million given in 2012 throughout North America. We operate 196 in-store PetSmart PetsHotels dog and cat boarding facilities. These overnight boarding facilities feature associates who are hand-picked for their love of pets and at least one caregiver...
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...Many people don’t realize the importance of medical supplies and technology. Medical technology has advanced in many ways throughout the hospital. The distribution of medical supplies is in high demand daily. Medical supplies take care of the little things such as cleaning a wound or big things such as performing a surgery. The advances in medical technology make it easier to perform difficult surgeries. In the early 1970s laparoscopic surgery was first introduced. It is a technique that enables a doctor to insert miniature camera and light to see the inside of the body while performing a medical procedure. The advanced technology available for use today allows magnification of the surgery site up to 20 times its actual size. This allows the doctor to see internal organs rather than two-dimensional that’s required on a regular monitor (Allenbaugh). Another medical advancing surgical technique involves heart disease. Due to genetics, fatty acids can build up in the arterial walls of a heart. A technique, very similar to laparoscopy, has been established. A surgeon inserts a tube into the person up to their artery blockage. On the end of a tube is a “balloon-like” device that increased blood flow through the artery (Allenbaugh)....
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