Elijah Heart Center Finance Simulation

Elijah tinder Center finance Simulation Casey M. Hancock HCS/405 June 21, 2012 Bryan Webb Elijah Heart Center finance Simulation The Elijah Heart Center (EHC) Finance Simulation is an online tutorial for wellness Care Financial accountancy assimilators. This tutorial teaches schoolchilds the process of analyzing m angiotensin converting enzymetary indicators for termination-making in a wellness care organization. The student plays the persona of a senior advisor for a monetary consulting firm. Responsibilities for this exteriorise are to bridge a working capital, valuate funding extracts for acquiring medical equipment, and evaluate funding options for capital expansion. In each scenario the simulator gives the student options for complementary said tasks and after choosing is shown what the better(p) option for each is. By schooling the fundamentals of financial strategies, the simulation prepares students for the financial workings in professional health ca re. The head start task the student faces is to improve the cash menstruum problem at EHC. The student studies a Working expectant Shortfall chart and a Revenue and Expenditure Projections graph and how different cost passementerie options affect them. The challenge is to hire a combination of the top hat dickens cost cutting options out of six come-at-able survivals.

In this example the student chooses reducing agency round and changing the skill mix. The student selects this combination because it reduces working capital by oer $500,000 and solo slightly reducing theatrical role of patient care. The outcome of this decision is favorable to the simulat! or. The students decision saves $811,249 by the first quarter that is well everywhere target. This reduces the working capital shortage and enables EHC to increase patient volume. The succeeding(prenominal) decision to make is to get back between two loan options. The student selects loan option two that has a six-month total interest payment of $53,873 over option one that has a six-month total interest for $56, 589. selection two is the choice because the $2,716...If you want to get a skillful essay, order it on our website: OrderCustomPaper.com

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