Question

after reading and analyzing the los reyes hospital case (a) case study discuss the importance of...

after reading and analyzing the los reyes hospital case (a) case study discuss the importance of departmental budgets and the discoveries you made from exploring the los reyes hospital case

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Capital budgeting decisions are of fundamental importance to the success or failure of any business because a firm’s capital budgeting decision, more than anything else, shape its future (Gapenski & Pink, 2015. P. 469). In reading the case study Los Reyes Hospital, I think that Mr. Cohn was on the right track to start with preparing a budget for the four departments he had a cost analysis on. This gave him a starting point and from there he could move on to other departments within the hospital. Mr. Cohn also included the department managers in the budgeting of their department (THE CRIMSON PRESS CURRICULUM CENTER THE CRIMSON GROUP, INC)This was a good strategic move because then it made them feel involved and also aware of what their expenses were. He also present the budget in a way that would be easily understandable with the hopes that Dr. Delgado would be willing to utilize the same process for all other departments in the hospital.

Dr. Cohn with the assistance of the department managers effectively prepared departmental budges, cash flow estimate and also fixed cost estimates. This allows for a risk analysis and capital budget for the hospital to be performed. The reason this is important is because it is important for the hospital to continue providing services while improving and gaining revenue in the process.

Reference

Gapenski, L. C., & Pink, G. H. (2015). Understanding healthcare financial management (7th ed.). Chicago, IL: Health Administration Press.

THE CRIMSON PRESS CURRICULUM CENTER THE CRIMSON GROUP, INC. (n.d.). Los Reyes Hospital (A). Retrieved from http://snhu-media.snhu.edu/

****Please please please LIKE THIS ANSWER, so that I can get a small benefit, Please****

Add a comment
Know the answer?
Add Answer to:
after reading and analyzing the los reyes hospital case (a) case study discuss the importance of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • After reading the ICH E2D guidance, discuss the importance of pharmacovigilance in the life cycle management...

    After reading the ICH E2D guidance, discuss the importance of pharmacovigilance in the life cycle management of medicinal products for human use

  • Answer the following questions after reading the following case study . This 43-year-old patient was in...

    Answer the following questions after reading the following case study . This 43-year-old patient was in an automobile accident and she returns to the office today for treatment for the ongoing pain she is experiencing. Indirect visceral chiropractic manipulation was performed in the pelvic area. She is to return to the office in 2 weeks. What is the root operation for this case? What is the correct ICD-10-PCS code for this case? Answer the following questions after reading the following...

  • List subjective observations and objective findings after reading each of the case studies Case Study 1...

    List subjective observations and objective findings after reading each of the case studies Case Study 1 Mrs. Smith is 25 years old and was brought into the emergency Department of College Hospital with complaints of difficulty breathing and chest pain. Her vital temperature of 101 ° F and pulse rate of 90. Respirations are labored 30/min. Blood pressure is 140/80. Her skin is warm and signs show an elevated at diaphoretic. She states, "This condition the past 3 days." has...

  • Discuss demotivational factors at Kaluyu Memorial Hospital in HSA 501 aSSIGNMENT MIDTERM CASE STUDY 5

    Discuss demotivational factors at Kaluyu Memorial Hospital in HSA 501 aSSIGNMENT MIDTERM CASE STUDY 5

  • Case Study: Disorders of Blood Flow and Blood Pressure After reading the case study below you...

    Case Study: Disorders of Blood Flow and Blood Pressure After reading the case study below you will create and post a concept map. Concept mapping is a highly visual process that shows the relationships between ideas. They have proven to have professional, academic and personal applications that allow for brainstorming new ideas, organizing, explaining and sharing information.  Be creative in your work. The information included in your map should come from a reliable source and be cited according to APA guidelines....

  • Answer the following questions after reading the following case study . Patient presents today for therapy...

    Answer the following questions after reading the following case study . Patient presents today for therapy for medical meniscus tear of the left knee. Therapy at today’s visit included gait and functional ambulation training. Total time for visit was 35 minutes. Patient tolerated the treatment and was given exercise to perform at home. Looking for increase in strength and ROM at next visit in 2 days. 1-What is the root type for this case......1........,.......2......TWO WORDS ONLY 2-What is the correct...

  • After reading the case study "Internal Consistency at Customers First" at the end of Chapter 6...

    After reading the case study "Internal Consistency at Customers First" at the end of Chapter 6 of your textbook, write a short paper that adequately answers the following questions: Do you think that job analysis and job evaluation will benefit Customers First? Why or why not? What is your opinion of Joan's view on job analysis and job evaluation? What do you recommend the compensation professionals at Customers First do? Why?

  • Answer the following questions after reading the following case study. This 2 day old neonate is...

    Answer the following questions after reading the following case study. This 2 day old neonate is jaundiced. I have instructed the nurses to treat her with a single treatment exposure to fluorescent lights with her eyes and genitalia covered. After 24 hours I want serial tests for the bilirubin level in the blood. What is the root operation for this case? ___________ What is the ICD 10 PCS Code? ________

  • Case Study 5 An 11-year-old boy was brought to a hospital in California after falling; he...

    Case Study 5 An 11-year-old boy was brought to a hospital in California after falling; he had extensive bruising on his left side and lacerations on his elbow and knee. His mother said that he loves the outdoors and they live adjacent to a wooded area. He spent much of his free time exploring the woods and climbing tress. His injury resulted from one of these tree-climbing episodes. The boy has no broken bones. His injuries were treated, he was...

  • After reading the following case study, answer the questions in an APA formatted paper. You will...

    After reading the following case study, answer the questions in an APA formatted paper. You will need to cite at least two (2) scientific references to support your answers. You may use your textbook as one source. The other source must be from a scientific article that was published no more than 5 years ago. ________________________________________________________________________ A 75 year old woman has been admitted to the hospital because of nausea and vomiting. She also has a diagnosis of hepatitis C....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT