Elijah Heart burden work Capital Health Cargon finance FIN/HC571 May 9, 2011 Elijah Heart Center Elijah Heart Center (EHC) is a 140-bed cardiac care hospital in hot York. serve offered at EHC include cardiac cauterizations, radiology, nephrology, pulmonary, open-heart surgery, coronary angioplasty, and rehabilitation. administrative staff members include Gilbert Sanchez, Chief Executive Officer, Saika Takeuchi, valetudinarianism chairman of patient services, Zachary Macholz, Chief Financial Officer, and Dr. Brenda Lopez, Radiologist (University of Phoenix, 2011). EHC smirch Patient volumes are growing at EHC; however remuneration are dropping. EHC is as well facing a authorisation working keen dearth because of discounts to health management organizations, overlarge wages paid to Registered Nurses done agency, decrease in Medicare reimbursements, and emergence in liabilities, which have outpaced oc veritable assets (University of Phoenix, 20 11). The organization needs to duo a working capital shortage, evaluate bread and butter options to purchase freshly equipment, and evaluate funding options for capital expansion. jump on members at EHC have recommended that a pecuniary consultant be brought in to turnaround the organizations financial position.
running(a) Capital Working capital is important to an organization and is the accredited assets deduction current liabilities. Current assets can include accounts receivables and inventories, and liabilities are bills re chip inable to creditors or suppliers. Organizations can withdraw or cash curr ent assets to pay for current liabilities (B! realey, Myers, and Marcus, 2004). EHC needs working capital to by recent or refurbished equipment; they also want to invest in a $75-million dollar expansion that will include brand-new services, new operating rooms, new catheterization labs, new patient rooms, and strike the a la mode(p) in cardiac technology to the hospital. Alternate Sources of short financial backing Ms. Takeuchi, Mr. Macholz, and Dr. Lopez will...If you want to get a full essay, order it on our website: OrderCustomPaper.com
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