Simulation Review Paper

path header Simulation Review base Simulation Review Paper HSC/405 January 10, 2012 David Catoe Some point in the lives of many to every there argon selections and decisions that are to be do. These individual natural selections and decisions we make abet guide us to a certain destination or point in flavor where one would like to be. Not to say that reaching these set destinations allow be easy to get too barely they arent strenuous to accomplish with positive thinking and actions.Financial and economic decisions in a job perspective are difficult and could feel like we are let outside trying to look in at epochs when prepare in a operose position. My goal is to further review the fiscal account of a Cardiac care hospital to im fancyt strategies to locate some ongoing monetary concerns. The cardiac care hospital in review is Elijah Hearts Center (EHC). EHC is facing many critical downfalls that are causing financial concerns to arise. Several of those downfalls a re Capital shortage, chapiter expansion, business relationship musical arrangements and funding options.Critical thinking, planning and engineerership skills are needed to help examine out a new financial process for the memorial tablet and that is what will be given and shown in todays paper. subsequently analyzing and reviewing the current status of the company I must figure out whats beneficial for the brass section in regard to capital shortage. Considering my options I decided to reduce cost in funding by deletion down on rung. This decision I made was hard barely considering the facts at hand I made this choice with an open straits and positive thinking.The downsize of staff has a slight effect on the hospital precisely nothing to damaging to their functions and operations. Not only boast I decided to downsize staff but I fill also chosen to change the skill mix. This will better help enlarge patient of volumes and allow for the organization to solve the cap ital shortfall. As for my choice in impart options I went with giveword option one vs. loan option two for a few different reasons. When picking which loan was beat out it was simple due to the given interest rates and periodic installments which were ery similar in pricing and percentage. However the concern was in that of loan option two. There was a prepayment demarcation downslope of 6 represented for loan option two which loan option one had a prepayment limitation of 0. The critical and visual aspect of what was provided helped me in my choices resulting in a lick problem with the capital storage at EHC. Moving on with all the advancements with engine room it is considered by Mr. Sanchez to acquire a High-Speed CT Scanner, an roentgenogram Machine and a New Ultrasound system.These systems will provide more than(prenominal) satisfying quality of care to EHC patients. My given option of ensuring the hospital has these equipments are either buying new or refurbished in cluding loan options of a capital or operating lease. Starting with the high-speed CT scanner, afterward review of my options and looking 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 confederation to change in a few years. 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 will power on their balance sheets within the provided lease period. Next is the Ultrasound system and my decision was between a capital lease and an operating lease. later on closer review I believe the operating lease was the best option. The equipment at this point is two years old and change with tech nology every few years. This would allow EHC to be current with technology and proximo options of keeping what machinery is needed or if not handing back outdated equipment. As with that said the operating lease is not treated as if its apart(predicate) of the assets of the company but as a rental. The decisions that I have made were all correct and EHC is now doing better allowing for growths in profits and patient care.Capital expansion is important for EHC so I chose HUD 242 Loan indemnification Program as the best fit. The company is due to have increase revenues within the seventh year of operating the new expansion which allows time for saving. HUD 242 loan insurance program best fits because interest payments begin 8 years after start date. This is perfect and falls in line with the companys financial status, prospective revenue and help however funds. The decisions that I have made have proven to provide considerably for EHC and now the company is back on track and in cheeseparing financial status.The simulation that was provided served me with great hands on experience and fellowship of how critical thinking can benefit not only me but many others in different ways. The choices that I made just wear downt happen in a matter of a narrow-minded but took a matter of time. Remember the turtle won the melt being becalm and particular(prenominal) 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 index be easy to cross while others are difficult.This simulation did contest me to consider not only what I wanted for the company but what was best compatible. I worked though the simulation with nervousness but thus again I was confident and come out with correct choices. In Conclusion EHC has allowed me a great opportunity to help resolve their financi al matters in which all worked out fine. The medical equipment that EHC has now allows for patient to have a bun in the oven in lesser lines for tests or treatments. By being moving more quickly and efficiently patients become 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 program could help with in funding. The choices made lead EHC to have good cash 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 crossed have been crossed through careful thought and analyzing.