(Solution) 12:19 PM MT 01/15/2017 Scenario Summary Your Role/Assignment CHARACTERS The Situation End Of You Decide Print Contrast Text Only Reset Page Listen | Snapessays.com


(Solution) 12:19 PM MT 01/15/2017 Scenario Summary Your Role/Assignment CHARACTERS The Situation End of You Decide Print Contrast Text Only Reset Page Listen


Need help on assignment, I have attached the file.12:19 PM MT

 

01/15/2017

 

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Scenario Summary

 

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Your Role/Assignment

 

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CHARACTERS

 

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The Situation

 

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End of You Decide

 

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Scenario Summary

 

It is the second Monday night in October and it is now 3 a.m. You cannot sleep.

 

You are the CFO of Marysville General Hospital, a 300-bed community hospital in the

 

Midwest. Your hospital board meets at noon on the second Tuesday of each month. You

 

have a truly awful report to give the board, and you are dreading it more than anything

 

else you've done in your 15-year career as a hospital senior manager.

 

The target for days in accounts receivable (which the board and CEO set some years

 

ago) is 55 days. When AR days are at 55, cash flow to the hospital is strong and you

 

can meet all monthly obligations while putting some money away into investments for

 

the hospital’s future.

 

It has been several years now since the hospital has seen its AR at 55 days. There

 

have been many factors, but AR has been in the 70–80 day range for some time now.

 

Last month it crept up over 90 days, and this month you have the painful task of

 

reporting to the board and CEO that the hospital is carrying 100 days in accounts

 

receivable.

 

You must come up with a plan to bring AR days back in line, and you will not be able to

 

accomplish that alone. It will take cooperation from the medical staff, the clinical

 

departments, health information management, the business office, and many others.

 


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This question was answered on: May 23, 2022

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