Simulation Review HCS405 Jan1, 2014 Simulation Review Introduction: Elijah hospital provides both cardiac diagnostic services as well as rehabilitation programs. In this simulation, we will evaluate and assess the funding options for obtaining a new or refurbished medical equipment. Phase 1: By reducing the agency staff, the organization will be saving a lot of money. The other cutting option, that I selected, was hiring unlicensed staff. The second option for phase I is based
Words: 391 - Pages: 2
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
Words: 1204 - Pages: 5
WWW.STUDENTWHIZ.COM HCS 405 Week 2 Health Care Financial Terms Paper The theme of HCS 405 is to enable students to learn about the financial statements and other financial transactions in the hospital industry. There are various topics in HCS 405 like balance sheet, statement of revenues and expense, revenue cycle, payer mix and revenue. There will be five weeks in the course of HCS 405 in which the above topics will be covered. There will also be the study about the financial worksheet and reporting
Words: 1024 - Pages: 5
Course Design Guide HCS/405 Version 5 1 Course Design Guide College of Natural Sciences HCS/405 Version 5 Health Care Financial Accounting Copyright © 2012, 2010, 2007, 2005, 2004, 2002, 1999 by University of Phoenix. All rights reserved. Course Description This course provides an understanding of the general principles of accounting applied in the health care environment. It includes an overview of sources of revenue for various health care entities. The fundamentals of financial planning
Words: 2212 - Pages: 9
HCS 405 week 1 Health Care Financial Terms Worksheet Paper - WWW.STUDENTWHIZ.COM Introduction The HCS 405 week 1 financial terms worksheet throws light on some of the most basic concepts of the healthcare business. Understanding health care financial terms is a prerequisite for both academic and professional success. The health care business helps the nation by providing the building blocks that the citizens need to live a successful and healthy life. The worksheet is intended to ensure that the
Words: 1037 - Pages: 5
Financial Review Simulation on Elijah Heart Center (EHC) By Karen Boldger-Willey HCS/405 Marjorie Ramano May, 14, 2012 Financial Review Simulation on Elijah Heart Center (EHC) My strategy will be to review the simulation on Elijah Heart Center (EHC), and evaluate the capital shortage, the funding options given, and the funding options given for capital expansions, I will analyze the three phases of capital shortage, funding options for acquiring medical equipment, and the expansion options
Words: 450 - Pages: 2
Simulation Review HCS405 Jan10, 2013 Simulation Review Introduction: Elijah hospital provides both cardiac diagnostic services as well as rehabilitation programs. Even though the hospital’s patient volume is steady and increasing, the profit margin is dropping. In this simulation, we will evaluate and assess the funding options for obtaining a new or refurbished medical equipment. Phase 1: Capital Shortage: I selected these options because I felt it was an excellent opportunity for
Words: 713 - Pages: 3
Kaye Spotz HCS 405 June 18, 2012 Diana Schilling Simulation Review Simulation Review The object of the simulation review is to explore ways to bridge a working capital shortage, evaluate funding options for acquiring medical equipment, and evaluate funding options for capital expansion. These are common problems that face all businesses at one time or another and making the correct decisions determines which direction a business goes in prosperity or demise. PHASE I The cost cutting
Words: 1048 - Pages: 5
Simulation Review By: Jessie Vest HCS/405 11/21/2011 For this assignment we had to review the Analyzing Financial Indicators for Decision Making. I had to look at three different phases of the simulation review. During each phases there was different categories that I had to look into. So to begin things off I will be first talking about the first phase of the simulation review. During the first phase they ask which cost-cutting options did I select and why I selected them? The
Words: 956 - Pages: 4
Angela Johnson HCS/405 4/20/15 Simulation Review David Catoe Axia College 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
Words: 1096 - Pages: 5
