Financial leverage refers to the amount of liabilities or debt which a company has taken on for assets financing. As a matter of fact, any healthcare organization requires to expand its current operational level by expanding its facility and adding the needed resources. The facilities and resources expansion can be financed by use of debt […]
Solvency refers to the aptitude of a company to meet its financial responsibilities. Short-term solvency specifically refers to the company’s ability to meet its short-term financial responsibilities. Ratios of short-term solvency focus on determining the company’s ability to avoid short term financial distress. It focuses on availability of money to handle daily health care operations
Current Ratio – Current ratio is a form of short-term solvency ratio that is obtained by dividing current assets with current liabilities. This ratio is important in health care organization since it will help in determining the organization ability to pay for its short-term liabilities. It shows the organization liquidity, such that when the ratio
Wellness can be regarded as an integrated technique of functioning that is concerned with maximizing the possibility in which a person is capable, in the environment he or she is operating in. It involves a positive approach to health and life that assists in maximizing the potential of a person. Wellness is based on two
Budget Cutting in a Health Care Organization As a manager of health care organization focusing on reducing 5% of the organization spending, I will first focus on reducing the overhead costs and administrative costs. I will focus more on embedded overhead in departments where the number of administrative staffs are much higher than required, and
Aum Shinrikyo on the Transportation System in Japan Aum Shinrikyo attack on the Japan transportation system was considerably unique and different from other common terrorist attacks. Unlike others where bombing is the main form of attack, this particular attack which took place in 1995 used a deadly chemical known as Sarin in form of a
I grew up in a middle class family where my two parents worked in a hospital. My mother was a nurse while my father was a clinical officer. They both had day and night shifts such that there are time one of them would be under the care of none parent during the night. I
Criminal justices students are engaged in studying how to investigate crimes by reconstructing the scene of crime and gathering all possible evidence at the scene of crime and also recording verbal statements from suspects and witnesses. They also work closely with forensic science specialists who are involved in investigating the collected evidence for fingerprints, and
One way to increase revenue is by enhancing performance. High patient outcome and satisfaction by improved and high quality care is likely to attract more patients to the healthcare organization. Satisfied patients are likely to come back in the future if in need of health care services. In addition, they are highly likely to refer
One way to reduce healthcare operational cost is by reducing overheads in the administration department. This can be done by centralizing similar operations in the organization to reduce on redundancy, automating the healthcare system to improve on accuracy, speed of information processing and to enhance general efficiency. This can also assist in reducing excessive workers