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Please answer the following Question in 300 word count Please answer in your own Count. if...

Please answer the following Question in 300 word count Please answer in your own Count. if citing source please add reference at the end of question.

You are the chief financial officer (CFO) at a community hospital. One of the comments that has come back from patient surveys is the need for a commercial 24-hour pharmacy within the hospital. In this way, patients or their families will be able to fill prescriptions and begin taking ordered medication right away instead of waiting until the following day. The chief executive officer (CEO) wants you to create a proposal for the first 3 months of operation utilizing time value of money tools for the development of this new revenue-generating department. The following points must be covered in your proposal:

•Include and discuss the need for working capital to include 2 months of startup drug inventory, vendor financing arrangements, personnel costs including salaries and benefits, renovations, disposable supplies, and cost of equipment

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We are working in a community hospital . It was established to provide healthcare services to the people of the community which is affordable, accessible and provided at correct time .

It was established for the welfare of general public with the initiative to provide them healthcare services 24×7 , but in a survey done by the administrative department about the services to the people ,it is found that they are not satisfied by the pharmacy services because it is not available 24×7 . Up location have to go outside of the hospital to buy the medicines which is tiring and also inhibiting the provision of immediate medicines by delaying because medicine is not available in the hospital pharmacy why because it's not available the whole day . It's a major concern that has to be corrected soon as it hinders the provision of immediate resuscitative care too which is a life saving step .

The solution for this is to convert pharmacy services into 24×7 and post pharmacist in shift duties . Medicines and other medical equipments like tubing's , syringes , cannulas etc are the basic thing to be present in a hospital . A major section or a proportion of hospital funds should be kept separate for pharmacy functioning according to the need and requirements. Of course implementation of a new unit including equipments ,staffs , vendors dealership for drug supply etc all will need a sum of capital amount for the proper functioning of initiative . Even for a 2 months startup program also ,it will require a quite sum of money for maintaining drug inventory ,vendor financing arrangements , personal costs ,salaries for the new staffs , equipment supply etc then only it will be fruitful and be able to achieve or accomplish the tasks and goals .

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