The next option to be discussed is buying both a building and lot adjacent to the hospital. The Chief Financial Officer stated that this should cost around $700,000, which includes both the building and the lot. The positives of buying both lot and building would be that the hospital would not have to worry about expanding on space and depletion of their already limited supply of property. Another advantage is the fact that the depreciable life is 20 years. This means that the hospital wouldn’t have to worry about a depreciable value for at least 20 years and then the hospital could claim the depreciation value.
Introduction: Recently Eye Vision Inc. has entered into a contract with Holland Hospital to sell its Clear View Laser. Included in the contract is a two-year maintenance plan that Holland Hospital has elected to purchase. This information is included in Audit Senior Jason Doolittle's memo to Eye Vision’s Audit Working Papers in conjunction with the first quarter review of the revenue line items for Eye Vision. Given this information, several determinations must be made in coordination with the Accounting Procedures contained within the FASB Codification. First, the determination needs to be made that the software is essential to the tangible product's functionality, leading to a conclusion of whether or not the agreement between Eye Vision
In addition to the points earned by a funding proposal, the CFO will allow one “bonus point” for upgrading existing equipment and one “bonus point” for funding expansion of existing programs. Exercise 16-A: Capital Expenditure Proposals Jody Smith, the Director who supervises the Intensive Care Units, wants to secure as much of the one million dollars available for inpatient purposes as is possible for the ICU. At the same time Ted Jones, the Director who supervises the Surgery Unit, also wants to secure as much of the one million dollars available for inpatient purposes as is possible for his Surgery Unit. A) Given the CFO’s new scoring system, how should Jody go about choosing exactly what to request? Jody Smith should focus on either upgrading or replacing the equipment used currently.
This however may not be based on any actual facts; only the friends personal opinion. While listening to the opinions of others may have a role in the decision making process, utilizing objective criteria, in my opinion is the best idea in the purchasing decisions of hardware or software. An objective evaluation of a product will be based on only facts and will not be influenced by the evaluator’s personal opinion or views. If I were in charge of a company’s IT department, I am sure they would not want me making any purchases based solely on the opinion or personal view of someone else. These purchases may cost the company a lot of money if the opinion of someone else turned out to be wrong.
The second characteristic is virtualization. Cloud computing will provide uninterrupted service through online availability 24/7. The around the clock availability by the hosting provider is beneficial to company needs. The third characteristic is pay-as-you-go. Riordan Manufacturing will never have to pay for service it is not using.
This risk requires a large investment to begin operations for at least six to nine months. If the business is unsuccessful in making the minimum the original investment, Miriam’s capital will be lost and the business will fail. In the Professional Practice scenario, Akiva and Tara are licensed obstetricians and want to open a birthing clinic together and plan to take out a large loan to finance the start-up costs. The best business entity is a limited liability partnership, which is the same as a general partnership, however, the partnership has a corporate style liability. The limited liability of limited partners of a limited partnership only up to their capital contributions to the limited partnership; limited partners are not personally liable for the debts and obligations of the limited partnership (Cheeseman 2010).
Oops Is Not an Option – Case for Chapter 16 Background Statement Bill Salamander works as a consultant for a healthcare facility in the medical records department. As a vendor Bill’s company, must signed an agreement to abide by the hospital’s compliance and Health Insurance Portability and Accountability Act (HIPAA). Anna Anywaican, an injury attorney, and has recently recruited Bill to issue her private hospital documents to increase her clientele. When Bill is not able to provide all the information that Anna needs, he attempts to recruit Micah Makaliving in hopes that he will provide information regarding trauma injury patients that are admitted in the Emergency Room. Bill tells Micah for every patient Anna receives as a new client, he will pay him 50% of what he makes.
NEED TO ADD MORE HERE When someone reads the back of a Pantene bottle it has no guarantee that it could be old or tampered with. On the back of the Paul Mitchell bottle it says “Guaranteed only when sold by a professional Hairdresser, otherwise it may be counterfeit, black market, old or tampered with.” Also on Paul Mitchell’s website, it states ”When you buy Paul Mitchell products online or at drugstores, grocery stores and other mass retail chains, we can’t guarantee they’re the real deal.” NEED TO CITE Pantene also has a guarantee that if you try Pantene for ten days and do not see visible
Noncompliance, due to the several steps and time pressure, and variation in the manual method is believed to be at fault. It was decided to trial the use of SwabKit® in early 2010 on the critical care units, medical-surgical units, and step down units. They used the caps on central venous catheters (CVCs), peripherally inserted central catheters (PICCs), and peripheral intravenous (PIVs). The trial was successful, so they decided to implement use of the kits hospital wide in July 2011. After a two month adjustment period, the hospital began to record data on the use of SwabKit®.
Final Organizational QI Plan Hani Mortada HCS 588 October 7, 2013 Ronald Konnick Final Organizational QI Plan Executive Summary The concept of using computer technology to improve the management of patient information is not new. Research into the implementation of health care information systems spans more than thirty years at a cost of millions of dollars (Zheng, McGrath, Hamilton, Tanner, White, Pohl, 2009). In spite of those costly efforts, patient records continue to be primarily paper-based. The Institute of Medicine (IOM) (1991) of the National Academy of Sciences recognized the magnitude