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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The hospital that I work in uses principles from The Studer Group‚ which works with hospitals to obtain improved clinical outcomes‚ to obtain a high reliability organization (Studer Group‚ 2017). Quarterly‚ we focus on different safety topics such as support the team‚ ask questions and focus on the task. Employees complete a computer based lesson each quarter and leaders are to make rounds on staff for validation of practice. We also have Safety Coaches for each department. Their role is to be the
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83 WHITTAKER MEMORIAL HOSPITAL Edwin L. Makamson‚ Hampton University CASE DESCRIPTION The primary subject matter is strategy under adverse conditions for a small community hospital. The case examines operational‚ financial and market factors for strategy development. Issues of governance and stakeholder claims for a non-profit‚ community organization are also examined. As a student case analysis assignment the case is appropriate for an undergraduate capstone course in business policy presented
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failing to meet all the demand for its chosen market niche. Adding additional capacity to meet market need may upset the existing work force and lower quality of operations. Failing to meet market requirements may cause competition that would lead hospital to loss market share. I make a SWOT analysis for better understanding of the case: -Strengths: 1)Unique surgical techniques. 2)Up-to-date equipment. 3)Educated and experienced stuff. 4)Excellent service and nursery. 5)Huge demand for operations
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Al Adan Hospital is said to be one of the biggest government hospitals located in the country of Kuwait. It was built in 1981. Many citizens of Kuwait complain about the lack of available medical treatment there. That is due to the fact that there is only a limited amount of technology‚ medicine‚ and treatments available. Hospitals around the country that were once very advanced have now become filled with outdated supplies. Not only that‚ but the hospital building itself is in dire need of renovating
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For the month of July 2016‚ The New London Hospital Association‚ Inc. generated a consolidated loss from operations of $177k compared to a budgeted loss of $247k. Non-operating revenue was $109k compared to a budget of $83k‚ resulting in a positive variance of $26k. Gross Revenue – The first month of FY17 started off with consolidated gross revenue $192k lower than budget‚ but favorable to July 2015’s gross revenue by $300k. Within the Hospital‚ the departments with the largest favorable revenue
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Healing Hospital: A Daring Paradigm Stacy Hibler Grand Canyon University: HLT-310 5/11/2015 When I foster the thought of a healing hospital in today’s society and technology driven world‚ I think of a loving‚ caring environment‚ pleasant surroundings‚ compassionate doctors and nurses‚ knowledgeable staff‚ and the latest‚ most advanced medical equipment available. I am an advocate for those that are passionate about patient care. My philosophy is to care for each patient and address all of their
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Regional Medical Center‚ a hospital where military members and their families frequented. One instrumental event that led to my decision to become a primary health care physician involved interacting with a particular patient. That day I saw two blue buses parked outside of the emergency room entrance. The crew lifted out three individuals that were barely recognizable; they were all unconscious and hooked up to various machinery. They were quickly transported inside the hospital. At that moment‚ I had
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Front Street Hospital Case Study Domonique Chapman Professor Ed Schaffer August 09‚ 2014 Serving the Uninsured According to Kaiser Family Foundation (2013)‚ more than 47 million Americans were uninsured in 2012. These gaps in health insurance undoubtedly increase healthcare costs‚ discourage the use of preventative care‚ and negatively impact the lives and health of the American people. One way to combat this issue is for hospitals and providers to offer charity care to those who qualify
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Care Values and Communication in a Hospital setting The care values are a set of rules and guidelines that every care practitioner has to follow in order to provide services to their clients. The overall aim of the standards is to improve client’s quality of life by ensuring that each person gets the care that is most appropriate for them as an individual. The three main care values are Confidentiality‚ Equality and Diversity and Individual rights and beliefs. By achieving these care values we can
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