Need help on assignment, I have attached the file.12:19 PM MT
End of You Decide
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
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.
This question was answered on: May 23, 2022
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