Harvard Business School
9-287-028
Rev. December 1, 1991
Advanced Medical Technology Corporation
Early in April 1986, Tom Winter, vice president and loan officer of the Western National Bank of San Francisco, California, was reviewing a loan request for $8 million from Peter Haskins, president of Advanced Medical Technology Corporation. Advanced Medical Technology Corporation (AMT) developed, manufactured, and sold scientific medical instruments, needles and catheters that allowed rapid and less invasive access to a number of different organs and vessels. These products represented an alternative to traditional surgical procedures and allowed analysis or corrective treatment with less risk and trauma and at lower cost. An example of
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Haskins brought to the bank. Mr. Haskins was thoroughly dissatisfied with the company’s current loan arrangement with the Sunnyvale Bank, from which it had a credit line of $6 million with accounts receivable and inventory pledged as security. He thought that Mr. Flint, the loan officer at Sunnyvale, made no effort to understand the company, and was constantly making suggestions that seemed inappropriate. He routinely visited AMT once every six months. While the visits were cordial, they were of very little value to Mr. Haskins. Furthermore, Mr. Haskins felt that the bank had been quite arbitrary in selecting the receivables that it would accept as collateral and in setting the percentage of inventory that it would advance as a loan. The restrictive attitude on the bank’s part was limiting the company’s ability to expand at exactly the time that increased volume seemed to be the key to profitability. Mr. Haskins was perfectly willing to pledge the company’s accounts receivable, inventory or anything else that the bank thought would be desirable security as long as the arrangement was fair to the company and specific enough so that he could count on having the funds available when he needed them. Mr. Winter explained that the bank was always interested in sound loan proposals from companies that showed the promise of developing into good accounts. He promised to study the request and said that he hoped to visit the company in the near future.
“Dedicated to enhancing professional and personal growth for allied health professionals, American Medical Technologists (AMT) awards the Registered Medical Assistant (RMA) credential to qualifying individuals.
Partners Healthcare is considering the introduction of real assets into the organization’s portfolio. The analysis will demonstrate the effects of having one risky asset and one risk-free asset in a portfolio. Our analysis will also show that the introduction of real assets can decrease the risk of the hospital’s portfolio. Each hospital in the healthcare system can determine the appropriate portfolio mix based on their desired expected level of return and risk they are willing to accept.
Strictly speaking, at present the Dawson Lumber Company is being financed by a bank loan. The company’s equity structure constitutes common stock capital amounting to $4.3 million and the accumulated earnings. Presently, the company’s financing needs are met through two types of bank loans which include a working capital loan obtained specifically to meet the working capital requirements and the present long term loan amounting to 4.2 million. Both the loans are obtained from National bank of Canada (NBC). The NBC took accounts receivable and inventory as collateral and as a condition of the loan against the charge on the borrowed amount for which Dawson undertook to provide quarterly financial statements and monthly reports of inventory, sales and receivables.
As I continue to further my studies in my chosen profession, I must ask myself how does my profession look in my future? My chosen profession is health science with a concentration in health information technology (health IT) and health management. To be more specific, I would like to pursue a career to become a health information technician. So, what does a health information technician do? A health information technician protects, retrieves, process, organizes and enter data into a patient’s medical record.
Mr. Paul Mackay, a sole proprietor, has approached the Commercial Bank of Ontario in order to obtain an additional $194,000 bank loan and a $26,000 line of credit. Paul owns and operates a general merchandising retailer in Riverdale, Ontario named Lawsons’. The bank loan is needed for Mr. Mackay to reduce his trade debt that has a sheer 13.5 per cent interest penalty. The line of credit is needed for sales seasonal downfalls so that Mr. Mackay could properly manage those tough months. Jackie Patrick, a first time loans officer, has been appointed to Mr. Mackay’s request. Although anxious to finish her first loan, Ms. Patrick knows that this particular case is a difficult one.
1. Prepare a brief situational analysis of LMF for Dr. Townsend, identifying at least 3 internal issues and 3 external issue/competitive issues that are affecting LMF.
Healthcare information technology infrastructure differs greatly in developed countries, as does the organization and funding of health services. This report provides a study of the position in the USA, Germany, France, Spain, and Sweden.
The goal of Accuwaves is to provide comfort, satisfaction and caring environment to patients through innovative approach.
In 2010, the Apple industry released the Apple iPad that paved the way for healthcare organizations, medical groups, hospitals, physicians and residents to incorporate information technology into patient interactions. Since then, tablets have served as an eye-opener to many healthcare organizations and clinicians (Eastwood, 2010). These institutions like Stanford medical center hospital in Palo Alto California, the University of California San Francisco (UCSF) medical center, Kaiser Permanente, the Washington hospital group among others have incorporated the use of tablet
MediSys planned a launch of IntensCare which is a new remote monitoring system for the use in hospitals’ intense care units. This is a major launch for the company because it is a $20.5 million investment which is the largest investment for the company. MediSys Corporation is facing many external problems along with experiencing problems internally trying to finish the product by the set deadline. The company is having many issues. The issues consist of dealing with the software development, failure to communicate effectively, and lack of motivating factors.
The biomedical equipment technician (BMET) is one who conducts maintenance and repairs hospital machines and equipment. This is a quality assurance job that has a lot safety issues to consider. The technicians should be trained to a superior standard so that the life threatening mistakes that could possibly be made are kept to zero percent. We want our customers to feel like they are getting the best quality of work from the greatest technicians. The initial training will give the novice BMET’s a good look at what we expect from them as an employee and a technician. For new hires, I suggest we have a one month probation period where they are getting online and on the job training. Repetition is the father of learning and to keep our BMET’s well informed on the issues of safety and quality assurance, I propose a workshop that will be conducted once a month every month for a minimal of
• Objective: To be the recognized international leader in providing integrated quality management systems to manufacturers of electronic devices and equipment.
Besides the computer revolution, medical advances have caused tension between faith and reason. The medical advances of the Twentieth Century have many beneficial effects for humanity. Diseases that used to be dangerous or life threatening, like mumps, measles, and whooping cough, are no longer worries in todays medical world. Tetanus, typhoid, and the bubonic plaque can now be treated with antibiotics or other medicines. Vaccines, especially the polio vaccine, freed many people from the effects of a disease. Advances in heart surgery and organ transplants have saved many lives. Anesthetics and painkillers have been made to reduce or eliminate pain during surgery or a painful disease. Advances in cancer and AIDS have
Medtronic is the world’s largest medical technology company. It was founded in 1949, as a medical equipment repair shop, by Earl Bakken and Palmer Hermundslie. Medtronic’s core products include implantable medical devices and drug and biological delivery devices such as pace makers and insulin pumps. The three year gross sales for Medtronic are: $15.933 billion in 2011, $16.184 billion in 2012, and$16.590 billion in 2013(NYSE, 2014). The three year net income reporting’s for Medtronic are: $3.181 billion in 2011, $3.392 billion in 2012, and $3.436 billion in 2013(Y-Charts, 2014). The stock price of Medtronic has increased in value by 13.41% since July of 2013. The forward annual dividend yield is 1.90% and there are 995.76 million shares outstanding (Medtronic, 2013). The dividend payments for Medtronic are currently $.305 cents per share, the dividend payments have been steadily climbing. In 2010 the dividend payment was only $.205 per share. Medtronic’s net profit margin is 20.9% compared to the healthcare industry standard of 16.99% (NYSE, 2014). Medtronic’s income from continuing operations is $3.07 billion dollars (Medtronic, 2014). All of these key performance indicators reveal that Medtronic is good at making money. This paper will review the core competencies, management, financial statements, the annual report, significant events, economic analysis, future prospects, and recommendations for improvement to provide a summary of
Hebei medical university of science and technology corporation (hereinafter referred to as the "company") is affiliated to hebei medical university (hereinafter referred to as "schools"), with independent legal person qualification of school-run enterprises. Corporation was founded in 1992 on October 6, formerly known as hebei medical college of science and technology corporation, May 1995, hebei medical college, hebei college of traditional Chinese medicine, shijiazhuang medical college "three school merge" established the hebei medical university, November corporation then renamed "hebei medical university of science and technology corporation”. Company is mainly engaged in biological pharmaceutical, biochemical, pharmaceutical, chemical, pharmaceutical, traditional Chinese medicine, medical apparatus and instruments, reagents and other products of research and development, production and marketing.