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:
•Provide 2 viable options to measure the rate of return to optimize financial performance of the department based on time value principles with rationale and justification
Answer:
Proposal:
While evaluating whether the new department needs to be set up or not various aspects need to be considered:
The project/revenue department could be analysed using the below techniques:
Net Present value- Net present value refers to the difference between discounted cash inflow and outflows. The important aspect that need to be considered is that the cash flows are to be discounted at the required return. Every year cash flows are to be discounted at the required rate of return. This will allow us to compare the proposal post considering the time value of money. Money received today is different from the money received after one year. Hence the cash flows are to be discounted for precise comparison. If NPV is positive it indicates that inflows are higher than the outflows and hence the project can be accepted.
IRR- IRR refers to the rate at which discounted cash flows are equal to the outflow. At this rate inflows less outflows would be zero. Project should be accepted only if IRR is greater than the required rate of return. IRR refers to the internal rate of return at which net present value would be zero. IRR takes into account time value of money concept. The higher the IRR the better it is to undertake the project. When the cost of investment is equal in multiple projects, the project with highest IRR should be accepted.
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...
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Please answer this questions in 450-word count in your own words if using internet please cite all references and list the site that you used at the end of question. This question has 5 continuous parts of the question on that needs to be answer. You currently work as a marketing coordinator for New City Home Care, a private home health company that offers nursing care and therapy services to the elderly residents of a medium-sized Midwestern city with a...
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