|HCM640-1403B-01 Applied Managerial Healthcare Finance|
|Task Name:||Phase 4 Individual Project|
|Deliverable Length:||3–5 pages|
|Details:||Weekly tasks or assignments (Individual or Group Projects) will be due by Monday, and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.|
Key Assignment Draft
Established in 1987, ABC Community Hospital not-for-profit is an acute care hospital located in an east coast Metropolitan area. With a staff of nearly 200 physicians and specialists, 800 employees and 100 volunteers, they offer a full range of healthcare services. They are accredited by the Joint Commission. The hospital has been profitable for the last 5 years with a profit margin of 3-4%.
In March 2012, XYZ Healthcare System, a private, for-profit health care chain, took over management of the 400-bed ABC Community Hospital. In May 2013, officials began to discuss a proposal to build a new wing devoted to a Cancer Center and ancillary services devoted to the treatment of Cancer. The new wing would have 30 acute care beds, four surgical operating rooms, intensive care unit and extensive support services, including physical therapy and Hospice care. All patient rooms would be private. There are no Cancer Centers within a 200 mile radius of the hospital service area.
The Board of directors is concerned with taking on the additional debt of the Cancer Center. They have tasked the CFO with developing a financial plan and strategic plan that will outline the impact of the Cancer Center. They want you to address the following areas:
Please submit your assignment.
All I need is 3 pages with References
preview of the answer..
Key financial targets for which the board is responsible for
In the construction of the new cancer wing, there are various policy targets which the ABC board should be responsible for. The first target responsibility is the hiring of employees to work in the construction of the center. It is the duty of the board to come with strategies and policies which will ensure that people hired to construct the wing are highly skilled. This is because of the fact that hiring incompetent workers might lead to the construction of a poor quality wing which might also be dangerous to both patients and workers. At the same time, highly qualified workers will effectively install equipment used in the treatment of cancer …
890 words APA