Simulation Review Paper

Running header Simulation followup Paper Simulation Review Paper HSC/405 January 10, 2012 David Catoe Some shoot down in the lives of many to all there atomic number 18 choices and closings that are to be make. These one-on-one choices and decisions we make help guide us to a certain polish or point in life where one would like to be. not to say that reaching these set destinations leave alone be easy to string too but they arent hard to accomplish with positive intellection and actions.Financial and economic decisions in a business perspective are difficult and could feel like we are forbiddenside trying to sapidity in at times when put in a unsentimental position. My goal is to further retrospect the fiscal account of a cardiac guardianship hospital to implant strategies to resolve some ongoing monetary concerns. The cardiac care hospital in review is Elijah Hearts spirit (EHC). EHC is facing many critical downfalls that are causing financial concerns to arise. s ome(prenominal) of those downfalls are Capital shortage, jacket crown expansion, accounting systems and funding natural selections.Critical thinking, cooking and leadership expertnesss are needed to help figure out a new financial process for the arrangement and that is what will be presumption and shown in todays paper. After analyzing and reviewing the current status of the caller I must figure out whats beneficial for the memorial tablet in regard to capital shortage. Considering my options I decided to reduce comprise in funding by cutting down on lag. This decision I made was hard but considering the facts at hand I made this choice with an open mind and positive thinking.The downsizing of staff has a slight effect on the hospital but naught to damaging to their functions and operations. Not and have I decided to downsize staff but I have also chosen to change the skill mix. This will better help increase patient volumes and appropriate for the organization to sol ve the capital shortfall. As for my choice in give options I went with loan option one vs. loan option ii for a few incompatible reasons. When picking which loan was high hat it was simple cod to the given interest rates and monthly installments which were ery similar in determine and percentage. However the concern was in that of loan option two. There was a prepayment limitation of 6 represented for loan option two which loan option one had a prepayment limitation of 0. The critical and visual smell of what was provided helped me in my choices resulting in a solved problem with the capital terminal at EHC. Moving on with all the advancements with technology it is considered by Mr. Sanchez to gain ground a High-Speed CT S undersidener, an X-Ray Machine and a vernal Ultrasound system.These systems will provide more satisfying quality of care to EHC patients. My given option of ensuring the hospital has these equipments are either purchasing new or refurbished including lo an options of a capital or in operation(p) make use of up. Starting with the high-speed CT scanner, subsequently review of my options and looking all over the new equipment details I have made a pick. I chose to have EHC invest into a refurbished machine. The choice was the correct one for EHC and its financial status.It is shown that the price is cheaper which also technology for tis equipment is bond to change in a few stratums. The X-ray machine was tough to choose the right option but I chose a capital lease. The reason was the equipment is new and after the lease ends the company is given an option of purchasing the equipment or not. The capital lease also allows for EHC to claim ownership on their balance sheets inside the provided lease period. Next is the Ultrasound system and my decision was between a capital lease and an operating lease.After closer review I believe the operating lease was the best option. The equipment at this point is two years old and change with technology every few years. This would allow EHC to be current with technology and future options of keeping what machinery is needed or if not handing punt outdated equipment. As with that said the operating lease is not treated as if its apart of the assets of the company but as a rental. The decisions that I have made were all correct and EHC is instantly doing better allowing for growths in profits and patient care.Capital expansion is significant for EHC so I chose HUD 242 Loan Insurance Program as the best fit. The company is due to have increased revenues within the seventh year of operating the new expansion which allows time for saving. HUD 242 loan insurance design best fits because interest payments begin 8 years after offshoot date. This is perfect and falls in line with the companys financial status, future revenue and help save funds. The decisions that I have made have proven to provide well for EHC and now the company is back on track and in good financial statu s.The simulation that was provided served me with bulky hands on experience and knowledge of how critical thinking can benefit not only me but many others in different ways. The choices that I made just dont happen in a case of a minute but took a matter of time. Remember the turtle won the race being steady and sure and thats how I feel I took this simulation review. I had to review and analyze arrears of different categories trying to figure out the best options for EHC. The financial aspect within a business such as EHC has many different bridges which some might be easy to dog while others are difficult.This simulation did challenge me to consider not only what I wanted for the company but what was best compatible. I worked though the simulation with nervousness but then again I was confident(p) and come out with correct choices. In Conclusion EHC has allowed me a gigantic opportunity to help resolve their financial matters in which all worked out fine. The medical equipme nt that EHC has now allows for patient to wait in lesser lines for tests or treatments. By being moving more quickly and efficiently patients snuff it less stress when in the hospital.The downsizing of staff at this point was right but in the future more job opportunities will be open allowing for returning staff growth. Since EHC is moving ahead in a positive manner the organization set forth $75 million dollars for an expansion. The expansion called for a plan that HUD 242 loan insurance schedule could help with in funding. The choices made lead EHC to have good bills flow resulting in a steady income. Introduced were strategies for future and current use and the purpose is that bridges that one though couldnt be cut through have been crossed through careful thought and analyzing.