...reduce the amount of money that they need to borrow to cover their education costs. Two of the most popular ways would be to apply for grants or scholarships. These two options are the best to try because these do not need to be re-paid back. Applying for scholarships and grants are very easy and usually require you to write an essay stating why you feel you should get the scholarship. Another option is to use money from your savings account. The more money you put into your education, the less you will need to borrow toward your education cost. Because of my current financial situation, I thought that I had no choice but to borrow more than what I wanted to cover my education expenses. I had no money in my savings account and had a real hard time trying to find scholarship that I was qualified to apply for. I am still having troubles with that aspect to this date. It seems that most of the scholarships require you to have a GPA score which I have not acquired yet at this time. I did however managed to cut down a big chunk of my education costs by applying for a Pell grant for which I was approved. This has saved me a large amount of money that I will not have to pay back after I graduate. I intend to keep trying to get scholarships and using that scholarship money to pay off my student loans while I am attending school. The most important thing that we all need to keep in mind is that 6 months after we graduate, we will need to start paying off the loan. It is also...
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...| To work out options for the Christmas Party, including: when, where, who’s attending, budget and transport. | Participants Participant name | Reason for participation | Sally Johns | Director | Cheriee Larens | Director | George Kelly | Director | Jack Black | Office Manager | Meeting format What format have you chosen for this meeting and why? I have chosen a general meeting as it has small group discussion between the 3 Directors and the Office Manager. It will be a face to face meeting with a structured agenda with time for general discussion. Catering will not be required as the meeting is only an hour and a half in duration. The meeting is chaired by the Office Manager, Jack Black, | Invitation What format did you use for your invitation and why did you choose this format? I chose to use our Outlook email and calendar program. I can send an email notifying the participants of the details of the meeting in a clear email/appointment invitation. When the participant reads the email they have the option to accept the event which automatically puts the event in their calendar with a reminder for the meeting. | Meeting papers Describe the meeting papers you were required to prepare and the distribution method you used to provide those papers to participants. Why did you choose the distribution method that you used? I did not need to prepare any meeting papers as this is the first meeting to gather ideas for the Christmas Party. Once I have gathered venue...
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...The Elijah Heart Center needs to make changes on cost-cutting, funding options for equipment, and funding options for capital expansion. Doing this simulation review it will show just how to go about making these changes to save money. I will explain as to why I choose what I did in this paper. The cost-cutting options I choose were changing the skill max and reducing agency staff. The reason as to why I choose changing the skill max is to allow the nurses to focus upon their more important tasks. Nurses do not need to be doing what another individual is capable of doing those people that do not have skills. Such as answering phones, faxing documents, scheduling appointments, and so on. Receptionists are mostly unskilled and do not require a lot of training, except hands on through the office training. The nurses and other skilled professionals need to focus more on the importance of their jobs by taking care of patients. Those who are unskilled do not expect to be paid like a skilled person; with this option it is saving money for the hospital. The second option I choose was to reduce agency staff that is contracted. It is stated in the cost cutting options menu that the agency staff salaries are double of what other staff in the hospital are getting paid. There is only a need for a few agency staff in the hospital. It would allow other people to have hospital jobs which are cheaper since they are not getting the doubled salary. Whenever a contracted worker is hired for any...
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...Position Paper Communication Ethics Macon Borne Dr. Carlson is facing a situation involving Michaels present and future that needs to be handled with the five values of ethics. In the paper I will try to explain how three of the five ethical values would help to make the communication process of Michael’s options easier on Dr. Carlson. Truth, integrity and care seem to be the three ethical values that fit this situation. Truth is how accurate and how reliable the content of communication is. Truth, in my opinion, is the most important aspect of communication. Most, if not all, relationships between people are based on trust, which is how we rely on the accuracy and information exchanged between persons. In the situation regarding Michael, Dr. Carlson should be truthful when explaining to Michael his options. Dr. Carlson needs to tell Michael that his body systems are slowly falling and that he is having difficulty breathing. Dr. Carlson needs to tell Michael the full extent of both options. Explain that the more aggressive option is to put him on a ventilator to help him breathe and that he would probably die on it. Explain that the second option is to administer him morphine. The morphine would ease the pain but not help him breathe; this would cause him to slip into death with less pain. Dr. Carlson should also explain that each option as a very slim chance of helping him rally and live, for at least a short while. If Dr. Carlson gave Michael all the information listed...
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...often dedicated to provide quality customer care; they specialize in programs that can maintain the health and welfare of the local community and other population. Patton-Fuller Health Care is a not-for-profit Community Hospital that services care such as emergency medical care, labor, delivery, physical therapy, radiology, cardiology, and surgery for all adults and children. In this paper I will be analyzing financial indicators for decision-making to understand the strengths and weaknesses of a Cardiac Care Hospital. In addition, I will be implementing strategies to improve the cash flow at Elijah Heart Center (EHC). At the same time, I will also be evaluating the funding options for obtaining medical equipment, and also the funding strategies for the success or failure of capital expansion (Apollo Group, 2011). On behalf of the summary and conclusion, I will need to explain what I learned from this simulation, what I would do differently if I performed the simulation over again, and following how I would apply what I have learned at my current or future job (Apollo Group, 2006). Phase I: Capital Shortage The board members at Elijah Heart Center (EHC) have recommended engaging my services as a Senior Consultant to execute and accomplish new strategies for his or her current problems. In the simulation, the financial accounting at EHC has reported that the revenues and quantity are increasing at a rapid rate. Even if the productivity of the employees...
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...industries around today. This potential for revenue has made it very important to have a financial team that fully understands the workings of a healthcare organization. There are so many areas that can easily go wrong if the wrong financial decisions are made. Using the simulation helped one to understand the different outcomes possible when needing to make certain financial decisions that many organizations face today. Phase I: Capital Shortage The main problem with Elijah Heart Center is that although the center is doing well, it seems to be growing so fast that profitability is dropping. This is because of an increased patient volume and an increase in the wrong staff. The cost-cutting options that I selected were to reduce agency staff and changing the skill mix. I opted for “reducing proportion of agency contracted staff” because a large portion (almost twice that of employees directly hired by the hospital) of the revenue was being wasted in this area. The hospital pays premiums to staffing agencies that is just not necessary. Another thing to remember is that the skill level that these staffing agencies have is much lower when comparing them to the hospital staff, which have been there longer and are more experienced with patient care. I also chose to I noticed that once I selected this, the revenue and expenditure projections changed to where it was needed, plus this selection only slightly changed the quality of care. That was one area that I wanted to make sure that...
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...to the financial indicators in the simulation: Capital shortage, Funding options for equipment, Funding options for capital expansion, summary and the conclusion. Capital Shortage The cost cutting options I selected was reducing agency staff and changing the skill mix for Elijah Heart Center. The reason why I chose this option is because we can reduce some cost by not hiring so many contracting nurses to save on payroll and increase the unlicensed staff to be used in some areas more than others to save some revenue and not jeopardize the quality of care for the patients first. I picked loan option 1, which the loan is 1.5 million at 9.45% interest rate, monthly installments of 131,490 for 12 months and no prepayment limitation, so we put nothing up front initially (University of Phoenix, 2011). My outcome was making a smaller loan at a higher rate to defray cost while reducing contracting nurses and utilize the unlicensed staff to be diverse in multiple skills in the hospital and not cut quality of the patient’s care at this health facility. Funding Options for Equipment You do not have to buy a new CT scanner because this machine is the least expensive in the hospitals and it can be upgraded if need be for the life of this machinery (University of Phoenix, 2011), so I chose buying a refurbished scanner, plus you can upgrade when needed, and...
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...tuition fees calculator for my current Associates Degree, I came up with a total tuition of $15.300 over a period of 14 months (Appendix A). Luckily I will not need to take any kind of loan for this amount as it is possible for me to invest the monthly portion of $1092 from my income. Nevertheless looking at the tuition fees for my upcoming Bachelors degree, which is amounting to a total of $37.000 (Appendix B), I will definitely need to take up a loan for at least part of the tuition fees. Students in the United States of America do have a variety of options to reduce their loan amount. Often employers are willing to pay for part of your tuition when your studies support your function at work. Furthermore students can apply for Scholarships and grants; those options do not need any kind of repayment. Besides that you may qualify for Military benefits if any family member “if you are active duty, a member of the Reserve or a member of the National Guard, you may eligible for military tuition assistance” (University of Phoenix, retrieved February 23, 2013 from https://www.phoenix.edu/tuition_and_financial_options/explore-options-to-pay-for-school.html#url=scholarshipsAndOtherBenefits%7C1). Also one should consider asking family members to help funding your studies. As I am currently already saving some small amounts towards my Bachelors Degree, I can definitely cut back on the amount I will need to borrow later. This shall help me to reduce the loan amount and monthly payments...
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...simulation: Capital shortage, Funding options for equipment, Funding options for capital expansion, summary and the conclusion. Capital Shortage The cost cutting options I selected was reducing agency staff and changing the skill mix for Elijah Heart Center. The reason why I chose this option is because we can reduce some cost by not hiring so many contracting nurses to save on payroll and increase the unlicensed staff to be used in some areas more than others to save some revenue and not jeopardize the quality of care for the patients first. I picked loan option 1, which the loan is 1.5 million at 9.45% interest rate, monthly installments of 131,490 for 12 months and no prepayment limitation, so we put nothing up front initially (University of Phoenix, 2011). My outcome was making a smaller loan at a higher rate to defray cost while reducing contracting nurses and utilize the unlicensed staff to be diverse in multiple skills in the hospital and not cut quality of the patient’s care at this health facility. Funding Options for Equipment You do not have to buy a new CT scanner because this machine is the least expensive in the hospitals and it can be upgraded if need be for the life of this machinery (University of Phoenix, 2011), so I chose buying a refurbished scanner, plus you can upgrade when needed, and do not have to pay the fee that goes with it, which saves the hospital in the long run. Capital lease option for the x-ray machine I picked. Lease term is greater than 75%...
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...Center Financial Review Elijah Heart Center is encountering a financial cash flow hardship, which is familiar for specialized health care businesses. This is a complex situation, which will require a number of strategies to assist in minimizing cost while increasing revenue and patient care, obtaining the newest technology, and expanding the facility without going further into the red. With this review, there will be decisions and measures implemented to improve the declining cash flow distress. There will be a three part review; cost cutting measures that will have minimum impact on the patients, improve the inventory of equipment, and the appropriate choice to expand. The initial requirement in this situation is to save the organization $900.00 for the first year and improving the cash flow problem immediately, while waiting to receive $2,300,000.00 from Medicare and other organizations. There are a number of cost cutting options, but depending on the combination chosen it can have a severe effect on the patients and organization. The options included downsizing (permanent) staff, changing the skill mix and a few areas (benefits, agency staff, and length-of-stay) of reduction. Therefore, as the individual in charge to make these decisions, I have chosen to reducing agency staff and altering or changing the skill mix. This will slightly affect the patients and will help alleviate the cash flow difficulties, along with having an annual savings for the organization of $3...
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...employee benefits package. You have not been in this position before and must maintain the current benefits budget; there may be no increases or changes to the package that will result in additional spending. 1. Describe the selection process you would use to make the most cost-effective and employee-friendly decision. Answer – Choosing the right type of benefits package is a very critical component of being attractive employer, helping attract and retain satisfied employees, by ensuring that majority of employee needs are taken care of. Given the huge number of options that are available in the market, with many more coming up every year, it becomes very tricky to determine what benefits package would be the most beneficial to the employee. Given the constraints on budgets, there must be multiple trade offs made between the extent and variety of benefits provided, and therefore the employer has to determine which package would cover the needs of majority of its employees. In this scenario, given that the available budget is fixed and the benefit plan for the next year has to at least as good as or even better than the previous year, the HR director has to think creatively to come up with a package that best aligns with the needs of the employees. The end result of the process to select should be selection of a plan that satisfies most employee needs, and hence employee’s needs should be a key input to the decision making. For this, the HR director should first conduct an employee...
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...Ford Motor Company Kate What Would You Do? The case creates for options to choose from. Discuss at least three criteria the company should use to decide which four listed options are best and the reasons why each criterion should be used. I think that if I was working for the Ford Motor company I would think about shutting down older plants. I would close down the plants mainly because they are not selling the cars that they are producing, therefore causing the ford motor company to loose profit. I would also move away from producing larger cars, and move more toward producing cars that are better on gas. I feel like the customer would buy a car that’s better on gas, before they buy a car that looks good. The larger cars would mostly cause the greatest decrease in the profit, because some people just cannot afford to spend a lot of money in gas. If Ford can produce a car that people can afford to buy and will not break their pockets at the gas pump, I believe that the ford will be able to sell more cars. The other option I would choose is to reduce the number of plants in Northern America, and utilize our international markets. It would make sense that because people in North America are not buying ford cars like they used to, and our international markets are doing very well, that we would continue our mass production with our international markets and limit our production over in North America. In the light of the possibility that market conditions can and do...
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...lines. (Sobell 2014) Now in this day and age we have many options of what we want our computers to do and with Linux there is also options of how we want them to look and run. Regular expressions and their purpose The first question that comes to mind is, “What is a regular expression?” Many people who are new to the computing world would have no clue what it is. A regular expression is a set of one or more strings of characters. (Sobell 2014) Fedora/Red Hat Enterprise Linux GUI desktop managers With options at with desktop managers, this gives a user a chance to get the feel of which one is right for them. One of the many desktop options is Xfce. This option is a good option for people that an old-fashioned desktop environment. It is not loaded down with desktop widgets and makes it a good option for people using older computers without a good graphics card. Another option that a user would have is KDE. This option is more for a user that wants to have a lot of configuration options at their disposal. As Xfce doesn’t have desktop widgets, this option does. When would these desktop managers be suitable to install? As mention before, it really depends on what the used wants to be able to accomplish and do to decide on which of the many desktop managers to install. Some users might not have the money to buy a graphics card that many computer need these days to run a lot of the programs out there, so Xfce would be suitable to install for this problem. It isn’t overdone...
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...Simulation Review Amber Gosney HCS/405 February 11, 2013 Paul Herskovitz Simulation Review This paper provides information regarding a simulation review that was intended to show how a hospital determines revenue and expenditures. The information was based on the Elijah Heart Center (EHC), and all decision was made with careful analysis of EHC employees, along with me. Capital Shortage In the simulation activity I chose two types of cost-cutting options. The first choice was to minimize the amount of agency staff within the facility. Contract laborers require more money for ‘hire’. Typically this higher pay is due to the fact that they are not usually offered ‘in-house’ benefits. Not all agency staffing has to be laid off. Hospital personnel can evaluate which positions are more pertinent, and keep those. Contract laborers are ‘hired’ on with the understanding of being ‘laid-off’ at some point. It is more legit to rid of or lesson those contractors versus those ‘in-house’. Furthermore, contract laborers are not as skilled as those ‘in-house’ laborers who consistently have direct care of patients. The second choice was to change the skill mix. While hiring unlicensed personnel may not be ideal, it would sure save money. Unlicensed personnel do not require as much pay because they are unlicensed, and do not hold as much training or education. Depending on the job duties, unlicensed personnel can be utilized in more than one setting...
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...University of Phoenix In my paper I will be providing information that pertains to how hospitals determine their revenue and expenses through using a simulation program. The information that is provided is based on The Elijah Heart Center and their results were carefully based on their analysis and decisions for staffing of the center, different types of equipment that is needed, along with their capital expansion, and any information that I may provide. Phase 1: Capital Shortage, in this simulation activity it has provided us with two different types of cost cutting options. The first was to minimize the amount of staff that the hospital uses. This decision was made because they knew that if the agency money would get more money if they hired additional staff from an agency and did not provide benefits. The agency personnel, that has been hired is already aware that at any given time they can be let go from their position and their position can be filled by a new hired person. Elijah heart Center may want to stop hiring agency contractor and start using the employees they already have. The cost cutting goal that needed to be reached had to be a cost savings of 750,000. The option that was selected has exceeded the amount of 811,249 just for the first quarter. This type of option was not a cost saving for Elijah Heart Center. Perhaps if Medicare reimbursement has been considered, then the option could have been different and the options could have been correct. The organization...
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