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 Accounting assimilators. This tutorial teaches schoolchilds the process of analyzing monetary indicators for termination-making in a wellness care organization. The student plays the persona of a senior consultant for a monetary consulting firm. Responsibilities for this exteriorise are to bridge a working capital, evaluate funding extracts for acquiring medical equipment, and evaluate funding options for capital expansion. In each scenario the simulator gives the student options for completing said tasks and after choosing is shown what the better(p) option for each is. By learning the fundamentals of financial strategies, the simulation prepares students for the financial workings in professional health care.
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 trimming options affect them. The challenge is to hire a combination of the best two cost cutting options out of six possible choices.
In this example the student chooses reducing agency staff and changing the skill mix. The student selects this combination because it reduces working capital by oer $500,000 and solo slightly reducing quality of patient care.
The outcome of this decision is favorable to the simulator. The students decision saves $811,249 by the first quarter that is well over target. This reduces the working capital shortage and enables EHC to increase patient volume.
The next 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: Orderessay
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