WK2 Summative Assessment
.docx
keyboard_arrow_up
School
University of Phoenix *
*We aren’t endorsed by this school
Course
506
Subject
Business
Date
Feb 20, 2024
Type
docx
Pages
6
Uploaded by renettalynn
1
WK2 – Summative Assessment: Financial and Ethical Impact Analyst Summary
Renetta Roland
University of Phoenix
MHA/506
Ricci Rizzo
06/12/2023
2
Financial and Ethical Impact Analysis
East Chestnut Regional Health System (ECRHS) was formed by merging two hospitals, East River Medical Center and Archway Hospital, and the acquisition of a third hospital, Northern Mountain Medical Consortium. Mergers took place within the last 10 years. MHA/506 (University of Phoenix, 2021). Mr. Brown, the CEO, along with top management, have drafted a new strategic plan, with eleven strategic goals and a growth direction. The marketing department
needs to know what is effective and address the rapidly moving strategic environment. The analysis that is being conducted will contribute to that objective.
Mission and Objectives
The organizational vision is to satisfy the community's people by providing the best possible care in the most effective way with services needed for the community. By merging these facilities that are now ECRHS will be able to go to the next level of care with its vision to build a new start of the art facility on a 100-acre piece of land that they purchased in the community. The mission is to take the leadership that ECRHS has developed, and they will be able to make all project decisions, set goals and be able to share the task through good communication and create teams to complete all tasks in a timely manner. This is the best way to
complete all goals with strategic objectives. One of the objectives is to improve healthcare services for women, by improving this area of care, more women would start going to ECRHS. Over the next 3 years, the Obstetrical delivery will be extended by 20%, and with this information, more women will that their care is important and will feel more satisfied MHA/506 (University of Phoenix, 2021)
3
Organizational Structure and Culture
The organizational structure of ECRH is moving away from a centralized structure. Having
all managers involved in marketing decisions for ECRH business will all have a part in decision-
making. Marketing strategies will be directly impacted as the marketing department is also included in making company decisions. Current Marketing Strategies
ECRH is considered a for-profit organization, the profitably and the market has been decreasing and it is mainly because of its biggest competition, BMC. By opening a new facility across the street from BMC, will have more updated technology. It will open a new cardiac rehab
center and adding a new addition to oncology will be more appealing to new patients. ECRH is a
for-profit organization, hospitals within the healthcare industry operate to a typical profit margin.
Marketing takes on a huge role in a ‘for-profit business. Marketing must create a revenue chart showing what the business module is and its profit = revenue – expenses. The inpatient payor mix for ECRH is 55% Medicare, 15% Medicaid, and 30% commercial (University of Phoenix, 2021). The goal is to fix this deteriorated inpatient pay mix.
Current Financial Strategies
A profitable organization is one that generates more money than it expends. Profitable organizations are businesses that use a variety of tactics to make a profit (What Is a Profitable Organization? 2021). Hospitals use operating margins to measure and track how much they spend on expenses – everything from doctors’
salaries
to
medical supplies
– and then compare it to their revenue – the money that they receive from patients, insurance companies, and the government for delivering patient care. Operating margins can be used to benchmark
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
Good Practice Example - Sourcing Process at Federal Express
FedEx Corporation is a $20 billion market leader in transportation, information, and logistics solutions, providing strategic direction to six main operating companies. These are FedEx Express, FedEx Ground, FedEx Freight, FedEx Custom Critical, FedEx Trade Networks, and FedEx Services.
Prior to the purchase of the Ground, Freight, and other non-express-based services, Federal Express had reorganized all of its major indirect spend in
information technology, aircraft, facilities/business services, vehicles/fuel/ground service equipment, and supply chain logistics groups under the Strategic Sourcing and Supply group, led by Edith Kelly-Green. After the purchase of these different businesses, the supply management function was reorganized into a Center-led supply chain management (SCM) sourcing model. (“Center” refers to a Center of Excellence that focuses on centralizing sourcing strategy teams.) Over the last two years, FedEx…
arrow_forward
You work for the Brad's Nailer Company which manufactures three types of nailers: a
pneumatic model, the "ProLine", and a cordless model. You have contracted to supply
a national retail chain with all three models of nailers. However, Brad's nailer
production capability is limited in three departments: production, testing, and
packaging. The goal is to maximize your revenue.
Your answer will be the number packaging hours to be produced (The number of
nailers must be a whole number.)
Use Scenario 2
arrow_forward
Case study below:
The Foschini Group (TFG) says it has entered into an agreement to acquire the entire issued sharecapital of Tapestry Home Brands for R2.35 billion. TFG said it is acquiring the sale shares fromWestbrooke Investments Proprietary Limited, funds managed by Actis, as well as the current andprevious management of Tapestry whose brands include popular made-to-order furniture retailer,Coricraft; South Africa’s renowned branded bedding retailer Dial-a-bed; home textile retailer,Volpes; and value bedding retailer, The Bed Store.Established in 2005, Tapestry’s own, locally manufactured product accounts for 47% of net sales,employing a total of approximately 2,500 people, with manufacturing facilities located in CapeTown, Johannesburg, and Gqeberha. Tapestry operates 175 stores across South Africa, Namibia andBotswana. The three business segments, namely living, linen and bedding, are run on adecentralised basis by a strong management team, it said.“The transaction will provide…
arrow_forward
Case study below:
The Foschini Group (TFG) says it has entered into an agreement to acquire the entire issued sharecapital of Tapestry Home Brands for R2.35 billion. TFG said it is acquiring the sale shares fromWestbrooke Investments Proprietary Limited, funds managed by Actis, as well as the current andprevious management of Tapestry whose brands include popular made-to-order furniture retailer,Coricraft; South Africa’s renowned branded bedding retailer Dial-a-bed; home textile retailer,Volpes; and value bedding retailer, The Bed Store.Established in 2005, Tapestry’s own, locally manufactured product accounts for 47% of net sales,employing a total of approximately 2,500 people, with manufacturing facilities located in CapeTown, Johannesburg, and Gqeberha. Tapestry operates 175 stores across South Africa, Namibia andBotswana. The three business segments, namely living, linen and bedding, are run on adecentralised basis by a strong management team, it said.“The transaction will provide…
arrow_forward
Company: ABC Civil Engineering - an engineering firmSituation: ABC company has recently made significant cuts in staff and the workload on existingemployees has increased. A major RFP is dueCharacters:
Ted Waltz – Managing Director of ABC EngineeringElaine Tillman – Civil Engineer____________________________Elaine Tillman looked at her watch – it was 7:30 pm. Just then she knew she would not make it to her son’s final high school basketball game. It took her a moment to collect herself and wipe the tear that had started down her face and onto the ragged-edged 100 plus page RFP she was working on. The RFP,the largest opportunity that ABC Civil Engineering had a chance to bid on in 6 months, was far fromready for the 9:00 AM deadline the following day.Normally in this situation, Elaine would have collaborated with a proposal team putting together such a big proposal but, since the economic down turn hit, ABC has had to make significant cuts in its staff. It started with administrative…
arrow_forward
Company: ABC Civil Engineering - an engineering firmSituation: ABC company has recently made significant cuts in staff and the workload on existingemployees has increased. A major RFP is dueCharacters:
Ted Waltz – Managing Director of ABC EngineeringElaine Tillman – Civil Engineer____________________________Elaine Tillman looked at her watch – it was 7:30 pm. Just then she knew she would not make it to her son’s final high school basketball game. It took her a moment to collect herself and wipe the tear that had started down her face and onto the ragged-edged 100 plus page RFP she was working on. The RFP,the largest opportunity that ABC Civil Engineering had a chance to bid on in 6 months, was far fromready for the 9:00 AM deadline the following day.Normally in this situation, Elaine would have collaborated with a proposal team putting together such a big proposal but, since the economic down turn hit, ABC has had to make significant cuts in its staff. It started with administrative…
arrow_forward
Q: Model the following business process at a supplier. .
After a supplier notifies a retailer of the approval of a purchase order, the supplier can receive an order confirmation, an order change, or an order cancelation from the retailer. It may happen that no response is received at all. If no response is received after 48 h, or if an order cancelation is received, the supplier will cancel the order. If an order confirmation is received within 48 h, the supplier will process the order normally. If an order change is received within 48 h, the supplier will update the order and ask again the retailer for confirmation. The retailer is allowed to change an order at most three times. Afterwards, the supplier will automatically cancel the order.
arrow_forward
6. McDonald's and Wendy's
The following figures are taken from the 2003 financial statements of McDonald's and Wendy's.
Figures are in million dollars.
McDonald's
129.4
Wendy's
54.4
Inventory
Revenue
Cost of goods sold (COGS)
Gross profit
17,140.5
11,943.7
3,148.9
1,634.6
5,196.8
1,514.4
In 2003, what were McDonald's inventory turns? What were Wendy's inventory turns?
ii. Suppose it costs both McDonald's and Wendy's $3 (COGS) for each value meal offerings,
each sold at the same price of $4. Assume that the cost of inventory for both companies is
30% a year. Approximately how much does McDonald's save in the inventory cost per value
meal compared to that of Wendy's? You may assume the inventory turns are independent of
price.
i.
arrow_forward
Explain Sensitivity Analysis, Risk, and Feasibility Analysis?
arrow_forward
Prob 3: Slattkey Sweets proposes to re-launch one of its mature brands, the Zubirot Bar. The brand
manager has identified the tasks involved and produced the following information about them:
I
Activity
H
A
B
C
D
E
F
Description
Redesign the bar
Redesign the packaging
Build pilot production
line
Trial production run
Consumer panel tests
Main pilot production
Design promotional
material
Test market redesigned
product
Produce report for the
Board
Predecessor
Activity
A, B
C
D
E
E
F, G
H
Optimistic
estimate of
time
(weeks)
5
3
10
1
4
2
8
2
Most likely
estimate of
time
(weeks)
8
4
13
1
1
6
4
10
2
Pessimistic
estimate of
time
(weeks)
10
5
a.
Construct the PERT/CPM network for this problem.
b. What is the expected project completion time? What is the critical path?
c. Determine the mean and the standard deviation for the product re-launch.
d. Ascertain the probability that the project will be finished in 40 weeks.
16
2
1
9
5
15
3
arrow_forward
HW
• Select a treatment method
Il-Efficiency
Three criteria: cost, efficiency,
sustainability
Option
A
A
1
1/3
1/7
• Three types of treatments: A,B,C
B
3
1/4
• Developed pairwise comparison
matrices I,II,fi
7
4
1
• Ranked the decişion criteria
based on the pairwise
comparison
• Şelect the best treatment using
АНР
I-Sustainability
Option
A
B
A
1
3
1
B
1/3
1
1/2
1
1-Cost
Criteria
Cost
Efficiency
Sustain.
Option
A
B
Cost
1
3
5
A
1.
6
в
1/3
1
1/2
Efficiency
1/3
2
1/6
2
1
Sustain.
1/5
1/2
1
arrow_forward
Solve All
arrow_forward
Q: Provide a structured persona and related withdraw amount and check balance scenarios of an ATM for elder user having minor visual and reflexive impairments (problem in vision and movement of limb). Also suggest a low-fidelity paper-based working prototype of an ATM machine to support the mentioned withdraw amount and check balance scenarios.
Note: this question is related from HCI subject kindly solved this corectly and in detail.
arrow_forward
The management of Pearson Institute of Higher Education (PIHE) has decided to run a registrationpromotion to give students some discount on their fees. The promotion is as follows:• Complete Registration at least two weeks before resumption, 5% discount is given• Up to 70% payment and black south African, 5% discount is given• Complete payment onsite, 5% discount given
1.2 Draw a decision table to represent your decision tree
1.3 Represent your decision table in a structure English
arrow_forward
MASTERY PROBLEM
/ Cr. Cash: $4,301.83
ar Ban Trenkamp owns and operates the Trenkamp Collection Agency. Listed below
are the name, number of allowances claimed, marital status, information from time
cards on hours worked each day, and the hourly rate of each employee. All hours
worked in excess of 40 hours for Monday through Friday are paid at 1½ times the
regular rate. All weekend hours are paid at double the regular rate.
Trenkamp uses a weekly federal income tax withholding table (see Figure 8-4 on
pages 288 and 289). Social Security tax is withheld at the rate of 6.2% for the first
$110,100 earned. Medicare tax is withheld at 1.45% and state income tax at 3.5%.
Each employee has $5 withheld for health insurance, All employees use payroll deduc-
tion to the credit union for varying amounts as listed.
GENERAL LEDGER
Trenkamp Collection Agency
Payroll Information for the Week Ended November 18, 20--
Credit
Total
Hourly
Rate
Earnings
1/1-11/11
Union
Employee
No.
No of
Allow.
Regular…
arrow_forward
10.7. Delph Manufacturing Company is going to purchase an auto
parts component from one of two competing suppliers. Delph is going
to base its decision, in part, on the supply chain performance of the
two suppliers. The company has obtained the following data for aver-
age raw materials, work-in-process, and finished goods inventory
value, as well as cost of goods sold for the suppliers:
Supplier 1
Supplier 2
Cost of goods sold
$8,360,000
$14,800,000
Raw materials
275,000
870,000
Work-in-process
62,000
550,000
Finished goods
33,000
180,000
brsalu
Each company operates 52 weeks per year.
Determine which supplier has the best supply chain performance
according to inventory turns and weeks of supply. What other factors
would the company likely take into account in selecting a supplier?
arrow_forward
The outdoor pool is out of service at your resort and your teenage tour group of 30 is checking in today. What could the convention services manager do to be proactive?
Question 5 options:
a)
Make arrangements to shuttle the guests who want to use the pool to a private pool.
b)
Nothing. The pool is closed for the safety of the guest.
c)
Tell them to go to the YMCA.
d)
Pay for them to swim at the hotel pool next door and charge a small fee.
arrow_forward
Arc-bot Technologies, manufacturer of six-axis, electric servo-driven robots, has experienced annual expenses and savings in its shipping department through improved supply-chain software applications.
Find the i* value between 0 and 100%.
The i* value is % per year.
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Related Questions
- Good Practice Example - Sourcing Process at Federal Express FedEx Corporation is a $20 billion market leader in transportation, information, and logistics solutions, providing strategic direction to six main operating companies. These are FedEx Express, FedEx Ground, FedEx Freight, FedEx Custom Critical, FedEx Trade Networks, and FedEx Services. Prior to the purchase of the Ground, Freight, and other non-express-based services, Federal Express had reorganized all of its major indirect spend in information technology, aircraft, facilities/business services, vehicles/fuel/ground service equipment, and supply chain logistics groups under the Strategic Sourcing and Supply group, led by Edith Kelly-Green. After the purchase of these different businesses, the supply management function was reorganized into a Center-led supply chain management (SCM) sourcing model. (“Center” refers to a Center of Excellence that focuses on centralizing sourcing strategy teams.) Over the last two years, FedEx…arrow_forwardYou work for the Brad's Nailer Company which manufactures three types of nailers: a pneumatic model, the "ProLine", and a cordless model. You have contracted to supply a national retail chain with all three models of nailers. However, Brad's nailer production capability is limited in three departments: production, testing, and packaging. The goal is to maximize your revenue. Your answer will be the number packaging hours to be produced (The number of nailers must be a whole number.) Use Scenario 2arrow_forwardCase study below: The Foschini Group (TFG) says it has entered into an agreement to acquire the entire issued sharecapital of Tapestry Home Brands for R2.35 billion. TFG said it is acquiring the sale shares fromWestbrooke Investments Proprietary Limited, funds managed by Actis, as well as the current andprevious management of Tapestry whose brands include popular made-to-order furniture retailer,Coricraft; South Africa’s renowned branded bedding retailer Dial-a-bed; home textile retailer,Volpes; and value bedding retailer, The Bed Store.Established in 2005, Tapestry’s own, locally manufactured product accounts for 47% of net sales,employing a total of approximately 2,500 people, with manufacturing facilities located in CapeTown, Johannesburg, and Gqeberha. Tapestry operates 175 stores across South Africa, Namibia andBotswana. The three business segments, namely living, linen and bedding, are run on adecentralised basis by a strong management team, it said.“The transaction will provide…arrow_forward
- Case study below: The Foschini Group (TFG) says it has entered into an agreement to acquire the entire issued sharecapital of Tapestry Home Brands for R2.35 billion. TFG said it is acquiring the sale shares fromWestbrooke Investments Proprietary Limited, funds managed by Actis, as well as the current andprevious management of Tapestry whose brands include popular made-to-order furniture retailer,Coricraft; South Africa’s renowned branded bedding retailer Dial-a-bed; home textile retailer,Volpes; and value bedding retailer, The Bed Store.Established in 2005, Tapestry’s own, locally manufactured product accounts for 47% of net sales,employing a total of approximately 2,500 people, with manufacturing facilities located in CapeTown, Johannesburg, and Gqeberha. Tapestry operates 175 stores across South Africa, Namibia andBotswana. The three business segments, namely living, linen and bedding, are run on adecentralised basis by a strong management team, it said.“The transaction will provide…arrow_forwardCompany: ABC Civil Engineering - an engineering firmSituation: ABC company has recently made significant cuts in staff and the workload on existingemployees has increased. A major RFP is dueCharacters: Ted Waltz – Managing Director of ABC EngineeringElaine Tillman – Civil Engineer____________________________Elaine Tillman looked at her watch – it was 7:30 pm. Just then she knew she would not make it to her son’s final high school basketball game. It took her a moment to collect herself and wipe the tear that had started down her face and onto the ragged-edged 100 plus page RFP she was working on. The RFP,the largest opportunity that ABC Civil Engineering had a chance to bid on in 6 months, was far fromready for the 9:00 AM deadline the following day.Normally in this situation, Elaine would have collaborated with a proposal team putting together such a big proposal but, since the economic down turn hit, ABC has had to make significant cuts in its staff. It started with administrative…arrow_forwardCompany: ABC Civil Engineering - an engineering firmSituation: ABC company has recently made significant cuts in staff and the workload on existingemployees has increased. A major RFP is dueCharacters: Ted Waltz – Managing Director of ABC EngineeringElaine Tillman – Civil Engineer____________________________Elaine Tillman looked at her watch – it was 7:30 pm. Just then she knew she would not make it to her son’s final high school basketball game. It took her a moment to collect herself and wipe the tear that had started down her face and onto the ragged-edged 100 plus page RFP she was working on. The RFP,the largest opportunity that ABC Civil Engineering had a chance to bid on in 6 months, was far fromready for the 9:00 AM deadline the following day.Normally in this situation, Elaine would have collaborated with a proposal team putting together such a big proposal but, since the economic down turn hit, ABC has had to make significant cuts in its staff. It started with administrative…arrow_forward
- Q: Model the following business process at a supplier. . After a supplier notifies a retailer of the approval of a purchase order, the supplier can receive an order confirmation, an order change, or an order cancelation from the retailer. It may happen that no response is received at all. If no response is received after 48 h, or if an order cancelation is received, the supplier will cancel the order. If an order confirmation is received within 48 h, the supplier will process the order normally. If an order change is received within 48 h, the supplier will update the order and ask again the retailer for confirmation. The retailer is allowed to change an order at most three times. Afterwards, the supplier will automatically cancel the order.arrow_forward6. McDonald's and Wendy's The following figures are taken from the 2003 financial statements of McDonald's and Wendy's. Figures are in million dollars. McDonald's 129.4 Wendy's 54.4 Inventory Revenue Cost of goods sold (COGS) Gross profit 17,140.5 11,943.7 3,148.9 1,634.6 5,196.8 1,514.4 In 2003, what were McDonald's inventory turns? What were Wendy's inventory turns? ii. Suppose it costs both McDonald's and Wendy's $3 (COGS) for each value meal offerings, each sold at the same price of $4. Assume that the cost of inventory for both companies is 30% a year. Approximately how much does McDonald's save in the inventory cost per value meal compared to that of Wendy's? You may assume the inventory turns are independent of price. i.arrow_forwardExplain Sensitivity Analysis, Risk, and Feasibility Analysis?arrow_forward
- Prob 3: Slattkey Sweets proposes to re-launch one of its mature brands, the Zubirot Bar. The brand manager has identified the tasks involved and produced the following information about them: I Activity H A B C D E F Description Redesign the bar Redesign the packaging Build pilot production line Trial production run Consumer panel tests Main pilot production Design promotional material Test market redesigned product Produce report for the Board Predecessor Activity A, B C D E E F, G H Optimistic estimate of time (weeks) 5 3 10 1 4 2 8 2 Most likely estimate of time (weeks) 8 4 13 1 1 6 4 10 2 Pessimistic estimate of time (weeks) 10 5 a. Construct the PERT/CPM network for this problem. b. What is the expected project completion time? What is the critical path? c. Determine the mean and the standard deviation for the product re-launch. d. Ascertain the probability that the project will be finished in 40 weeks. 16 2 1 9 5 15 3arrow_forwardHW • Select a treatment method Il-Efficiency Three criteria: cost, efficiency, sustainability Option A A 1 1/3 1/7 • Three types of treatments: A,B,C B 3 1/4 • Developed pairwise comparison matrices I,II,fi 7 4 1 • Ranked the decişion criteria based on the pairwise comparison • Şelect the best treatment using АНР I-Sustainability Option A B A 1 3 1 B 1/3 1 1/2 1 1-Cost Criteria Cost Efficiency Sustain. Option A B Cost 1 3 5 A 1. 6 в 1/3 1 1/2 Efficiency 1/3 2 1/6 2 1 Sustain. 1/5 1/2 1arrow_forwardSolve Allarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning