Case Study #6 Managerial Accounting #1 With no change in volume (utilization)‚ is the clinic projected to make a profit? Currently the clinic sees about 45 patients per day and they have capacity to handle 85. If they continue how they are operating the clinic is looking at a loss of $3‚173. At this rate the clinic will not be able to make a profit in spite of inflation over the next couple years. #2 How many additional daily visits must be generated to break even? There is an average of
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Running head: WHAT MAKES A TOP 100 HOSPITAL? 1 What Makes a Top 100 Hospital? A Review of Hill Country Memorial Hospital Jane Doe DeVry University Author Note This paper was prepared for HSM 310‚ Introduction to Health Services Management‚ taught by Professor Klense. WHAT MAKES A TOP 100 HOSPITAL? 2 Abstract The competition in healthcare is growing‚ and with good reason. There is a greater demand as our population
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Memorial Hospital Bus644: Operations Management Vanessa Washington Khrista Richards June 8‚ 2015 In this assignment I will be discussing the case study in our text on “Memorial Hospital”. I will be looking at the ways the hospital might measure quality. I will also explain the potential costs and failures of quality for Memorial Hospital and discuss how each can be measured. I will be looking at the ideas or techniques from TQM that Janice could use to help Memorial focus on providing
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MARION CAMP MEMORIAL HOSPITAL The Marion Camp Memorial Hospital provides convalescent care for patients with long-term illnesses as well as for patients who require extended periods at physical therapy. The average length of stay at the hospital is for months. The hospital is supported through a combination of state and federal funding‚ medicare payments‚ and private donations. Less than 10 percent of the hospital’s revenue is derived from the patients. The hospital director‚ H. John (Big Jack)
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clinic’s situation without the new marketing program. How many additional daily visits must be generated to break even? Construct a break-even graph that can be included in your report The preceding question is if the clinic continues operating the hospital without expanding its marketing program‚ what would be outcome? In essence‚ continuing to operate the clinic with no new marketing plan have two outcomes: make or break the clinic. The main benefit of this decision is that there will be no adjustments
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Situation Analysis-Peace Memorial Hospital Peace Memorial Hospital is a 600-bed‚ independent‚ not-for-profit‚ general hospital located on the southern periphery of a major western city. It is one of six general hospitals in the city and twenty in the county. After doing much research‚ the Board of Directors has decided that they should open an ambulatory location in the downtown area‚ to be known as the Downtown Health Clinic (DHC). The clinic will have 4 major objectives: “1. To expand the hospital’s
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ORGANIZATIONAL RESTRUCTURING FOR WHITLAM MEMORIAL HOSPITAL INTRODUCTION Health care organizations are complex and dynamic. These organizations were created to achieve the goals that were beyond the reach of any single individual. However‚ some healthcare managers are appointed to position of authority where they shape the organization and help them run smoothly. But providing health care services on large scale for the whole community is not easy. For things to run smoothly‚ services effectively
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Open Heart Surgery at Cabarrus Memorial Hospital Bettina Pressley Strategic Management for Healthcare Organizations September 9‚ 2014 Professor Dennis Coker South University EXECUTIVE SUMMARY This report examines Cabarrus Memorial Hospital implementing a full-service cardiac surgery program. The report will identify the key issues to include internal and external opportunities and threats‚ and it is necessary to point out that the main reason for open-heart surgery strategic plan development
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Abstract This case illustrates the use of break-even analysis to assess the profit potential of a currently unprofitable walk-in clinic. A break-even analysis is performed in many different contexts. This report comprises of a break-even analysis of a healthcare association. A break-even analysis is used to figure out the level of necessary incomes on settled expenses. Managers might use this to budget revenues for available plans without having to carry out to performing them. Word Count: 73 Summary
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goes to the GP. GP examines the patient and in some cases the GP will refer the patient to the hospital. In the hospital the person will be examined by a doctor and maybe there’s a surgery. After the surgery he needs to go to the local pharmacist for his medicines. The pharmacist sends him a bill. The payment of this bill will be arranged between the patient and the health insurer. 5. Four external factors that influence the costs of the hospital are: If the government doesn’t invest in the healthcare
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