Simulation Review Paper

Running header Simulation polish up constitution Simulation Review Paper HSC/405 January 10, 2012 David Catoe Some point in the lives of some to all there argon choices and closes that argon to be do. These individual choices and decisions we make booster guide us to a trustworthy destination or point in life where onenessness would exchangeable to be. non to say that reaching these set destinations leave alone be easy to get excessively exactly they atomic number 18nt hard to touch with incontroertible thinking and actions.Financial and sparing decisions in a business spatial relation be difficult and could feel like we be come inside trying to seek in at times when invest in a tough position. My remnant is to further review the financial bet of a Cardiac care infirmary to im final causet strategies to resolve some on-going financial strikes. The cardiac care hospital in review is Elijah Hearts bear on (EHC). EHC is facing galore(postnominal) another(p renominal) critical downfalls that are causing financial concerns to arise. Several of those downfalls are Capital shortage, heavy(p) expansion, accounting systems and living plectrons.Critical thinking, planning and leadership skills are needed to protagonist figure out a parvenue financial answer for the organization and that is what leave behind be habituated up and shown in todays paper. afterwards analyzing and reviewing the accepted status of the come with I must figure out whats beneficial for the organization in opine to gravid shortage. Considering my options I decided to geld cost in funding by cutting down on provide. This decision I make was hard just at present reaching the facts at hand I made this choice with an circularize mind and positive thinking.The lay off of staff has a sparse effect on the hospital but nothing to damaging to their functions and operations. Not plainly oblige I decided to downsize staff but I assume overly chosen to change the skill mix. This will better help increase forbearing volumes and allow for the organization to solve the capital shortfall. As for my choice in impart options I went with impart option one vs. loanword option two for a fewer opposite reasons. When picking which loan was vanquish it was simple due to the given interest rates and monthly installments which were ery standardised in pricing and percentage. However the concern was in that of loan option two. on that point was a prepayment boundary of 6 correspond 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 solved chore with the capital storage at EHC. piteous on with all the advancements with engineering it is considered by Mr. Sanchez to acquire a High-Speed CT Scanner, an X-Ray Machine and a spic-and-span sonography system.These systems will provide more than satisfying quality of care to EHC patients. My given option of ensuring the hospital has these equipments are either buying new or refurbished including loan options of a capital or operating permit. Starting with the high-speed CT scanner, after review of my options and looking over the new equipment details I get down made a pick. I chose to have EHC invest into a refurbished elevator car. The choice was the put one for EHC and its financial status.It is shown that the price is cheaper which in addition technology for tis equipment is bond to change in a few years. The X-ray machine was tough to choose the upright option but I chose a capital lease. The reason was the equipment is new and after the lease ends the caller is given an option of purchase the equipment or not. The capital lease withal allows for EHC to claim ownership on their difference sheets inwardly the provided lease period. Next is the Ultrasound system and my decision was between a capital lease and an operating lease. subsequent ly closer review I hope the operating lease was the best option. The equipment at this point is two years onetime(a) and change with technology every few years. This would allow EHC to be current with technology and futurity 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 of the assets of the gild but as a rental. The decisions that I have made were all manufacture and EHC is now doing better allowing for growths in pay and patient care.Capital expansion is main(prenominal) for EHC so I chose HUD 242 Loan insurance policy policy 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 program best fits because interest payments set down 8 years after derail date. This is perfect and falls in melodic phrase with the companys financial status, fut ure revenue and help save funds. The decisions that I have made have prove to provide well for EHC and now the company is back on track and in good financial status.The computer simulation that was provided served me with gigantic hands on experience and association of how critical thinking can usefulness not only me but many others in different ways. The choices that I made just dont excrete in a occasion of a minute but took a matter of time. Remember the turtle won the lead being steady and on the lookout 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 competency be easy to cross plot others are difficult.This simulation did challenge me to consider not only what I cherished for the company but what was best compatible. I worked though the simulation with nervousness but then again I was self-assured and come out with correct choices. In Conclusion EHC has allowed me a great prospect to help resolve their financial matters in which all worked out fine. The medical equipment that EHC has now allows for patient to wait in lesser lines for tests or treatments. By being move more quickly and efficiently patients perish 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 forwards in a positive behavior 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 cover have been crossed through careful thought and analyzing.