Reference no: EM133616786

Problem

The hospital's CEO has requested that you present an evaluation of budgetary options for future purchases based on industry competition to the board of directors. In doing a presentation how would you focus on budgetary financing strategies and solutions in the operations of the hospital? You must include answers to the following questions:

Question 1) Evaluate effective financial options for outsourcing operations of key departments, such as information systems, medical billing, and human resources (HR).

Question 2) Evaluate how to implement just-in-time inventory management (e.g., in the OR, central sterile supply, or pharmacy departments) to optimize inventory management.

Question 3) How to Analyze the advantages and disadvantages of using a flexible budget to meet the organization's staffing needs.

Question 4) Describe the decision-making factors when determining whether to lease or buy equipment (e.g., buy or lease an MRI or CT scan?).

Question 5) Describe the effect of financing strategies on the cost of capital.

Question 6) Identify and describe the benefits and risks of debt financing (e.g., how to manage working capital through accounts payable).