“Inventory Analysis and Optimizing Staffing”
Recommend a strategy for financial administrators to balance the tension between having inventory on hand when it is needed versus the carry cost to the organization. Provide support for your recommendation.
Assume that you are a health care administrator in a hospital, and you are responsible for staffing levels. Suggest an approach to staffing for 24/7 coverage that optimizes patient care, minimizes cost, and produces the highest level of employee satisfaction. Provide support for your rationale.
“Managed Care Contracting and Ratio Analysis”
From the scenario, interpret the operating indicators used to analyze the financial performance of the organization. Indicate specific ways in which this information will help management improve the performance of the organization. Provide support for your rationale.
Assume that you are a hospital administrator, and one of your responsibilities is selecting financial ratios to be included on your management dashboard. Determine the two (2) most critical financial ratios for you to monitor at your facility, and indicate how each of these ratios would help you assess the current performance of your facility. Provide support for your rationale.
This is a required resource, however supplemental resources can be added.
Baker, J. (2014.) Healthcare finance: Basic tools for nonfinancial managers (4th ed.). Sudbury, MA: Jones and Bartlett.
Write clearly and concisely about health financial management using proper writing mechanics.
One page double-spaced; 12 point, Times New Roman font; following APA requirements