This simulation will examine ways to bridge a working capital shortage, possible funding options for acquiring necessary medical equipment, and additional funding options for capital expansion. Capital Shortage: During this phase of the simulation I examined five possible cost cutting options, ultimately I chose to reduce agency staff and alter the skill mix. By choosing these options I was able to cut operating costs without drastically affecting patient care. These options saved EHC $3,515,134 annually. This has created an increase in the closing cash balance of $198,000.
How are your suggestion linked to improve customer satisfaction? In business literature, Delta had a primary capability on human relations by paying competitive wages, treating personnel equitably as it grew, and adopting a “no-layoff policy”. Things changed in the 1990’s for Delta though. Key business trends altered the competitive advantage, and the human resource strategy had to change too. After two straight years of financial losses in 1994, CEO Ron Allen rolled out a new strategy called “Leadership 7.5.” Allen targeted to reduce Delta’s cost per each available seat mile from more than 10 cents to 7.5 cents, which would match that of major competitor Southwest Airlines (Bryant, 1997).
However, this situation would make the company incur more loss next year, which is about negative $ 293,586. In the mean time, Barb Shepard, the company’s owner, wants to sell the company soon, and she knows a purchase price would be determined by three main factors: the absolute level of profits, the rate of growth in profits, and future potential growth in the market. Barb Shepard also wants to reduce bank debts as soon as possible. Therefore, the company needs new strategic initiatives very much to improve operating profitability and move forward next year. Each of three vice presidents has rendered a separate and distinct strategic initiative, and they are “Introduce a new product”, “Increase promotion”, and “Raise prices and cut costs” respectively.
This alone would help rid over half of the deficit. Other ideas Brandon suggested were lifting the payroll tax cap on those earning above a certain amount per year, raising the retirement age to 68 or 70, a means-test, and decreasing the annual cost of living adjustment to Social Security recipients by 0.3 percent
Running head: Advanced Heart Care Transitional Program Transitional Care Proposal Health Care Systems and Finance July 24, 2011 Transitional Care Nurse Proposal The new Health Care Reform is implementing many new practices within the health care system. One, in particular is the reimbursement on 30-day readmissions. Reductions of hospital admissions and emergency room visits have been proposed as a strategy to reduce costs by the Centers for Medicare and Medicaid Services. Nearly 20% of Medicare beneficiaries were re-hospitalized within 30 days of hospital discharge as an estimated cost to Medicare at 17.4 billion (Bobay, Yakusheve & Weiss, 2011). Readmissions have been identified as a potentially preventable and are considered an
The Chief Financial Officer stated that it would cost the company $120 per square foot for 5,000 square feet to construct. If this center were built on hospital property it would cost a total of $600,000. This would be an advantage to the hospital, as their leaser wouldn’t supervise them. They would be free to make decisions and worry about the monitoring that goes along with leasing. They would be independent and not have another owner overseeing daily activities.
At first glance I was appalled at this, thinking of the hundreds of thousands of Americans that would be put out of work. But he later goes on to explain that within the next ten years or so somewhere around forty-two percent of these bureaucrats will retire. But even so, Giuliani wants to replace only half of those jobs creating a more streamlined and smarter government. Where I feel the greatest economic impact will be felt in this plan is the privatization of the excess jobs. Although; the cut in governmental jobs would give taxpayers a relief thus cutting governmental non-defense spending, the jobs and business investment created by the privatization will be a much larger gain for our
If Head Start programs received their full allocated monies from the ACF’s proposed 2009 budget increase, then programs would still operate in a negative stage by $923 million. This would cause a funding cut of 12% at the end of the budget period. This budget cut does not take into consideration the additional millions of dollars needed to operate according to the new requirements approved in December 2007. Allocated amounts for collaborative grants during the 2007 fiscal year level; has been allocated to be at least 2.5%, but no more than 3% for training and technical assistance. 20% of this allocation is to be used for providing assistance to Early Head Start
| PRO: The health reform includes the largest health care tax cut in history for middle class families, helping to make insurance much more affordable for millions of families. | | PRO: Tax credits up to 35% are offered to small business to make employee coverage more affordable. | | PRO: Bans health plans from dropping people from coverage when they get sick. | | PRO: Restricts new plans’ use of annual limits to ensure access to needed care. |
Reducing the number of people dying from cancer will have a significant impact on increasing life expectancy. CURRENT POSITION In recognition of the inequalities gap, Walsall set the year 2010 target to reduce cancer mortality in the under 75s by 27.5%. Since 1995-97 the rate has fallen by 13% from 150.3 per 100 000 to 130.8 per 100,000 in 2003-05. This means that 50 fewer Walsall people are dying each year from cancer than in 1995-97. Despite year on year fluctuations, Walsall tPCT is still on track to meet the 2010 target.