PACIFIC HEALTH CARE CASE ANALYSIS
• The Business
The Company:
1. Ownership: A couple of the leaders at the Pacific Health Care Company include the new controller, Tim Brighton, and the CFO, Amanda Mathews. The Company these two work for is a non-profit organization and they “provide needed health care services.”
2. Strategies: The Company uses a line of credit system with the regional bank for $500,000, but the economy seems to be causing this credit to be insufficient for Pacific’s needs. One of the requirements of the bank is that the Health Care Company checks their line at least twice a year in order for the bank to be provided with the latest financial statements. Amanda has the idea, to help deal with the repercussions of the recession, to slightly modify the financial statements. She believes these modifications will help rebuild their operating and financial position positively. Pacific Health Care is hoping to receive a $750,000 grant in the next 120 to 150 days from a national health care organization; this is the modification that Amanda is looking into. Mathews has discussed the idea with Tim, but he is still unsure on whether or not to pursue it.
3. Operations: Pacific Health Care has the main goal of providing health care services to low income residents. The Company provides a high level of service and they are well-received by the community they reside in. The way Pacific achieves revenues is by having 80% come from contracts with the city and the
Western Health System noticed that many of its local clinic managers were leaving to join the competition. Their human resources director, Stephanie Anderson realized that they were losing a lot of talented people who had become demotivated, and she worked on developing a program to increase their motivation in hope that they would remain committed to Western Health System. Her program, Exploration, had many great features, but to truly asses the program one first has to understand motivation, motivational theories, and the current issues at hand.
The following questions relate to the statement of operations of not for-profit health care organizations.
Looking at the 2009 Operating Budget, is easy to deduct that PFCH management team has been practicing successful management techniques augmenting the revenues in almost 10% from 2008 in comparison with not even a 6% in expenses increase. For 2010 the percentages of increase are lower based on the assumption that a three percent general deflation rate for prices in 2009 will continue into 2010 as a result of the weak economy (Virtual Organizations, 2011). The figures are as follows: Patient revenue and total revenue will increase three percent in 2010, and even if it is at a decreased rate with little or no increase in patient volume, resulting of new managed care contracts, the tendency of having a major increase in revenues than expenses continues with only a 1.26% expenses increase.
Kaiser Permanente Colorado is proud to offer a program that allows safety net primary care providers to electronically request advice from select Kaiser Permanente specialists. Currently eight speciality departments participate in this program that supports safety net primary care providers, the patients are uninsured and below the federal poverty level.
Since Ms. Seal has been employed at this facility, she’s noticed that the population at this health care facility, ranges from premature newborns to the elderly. And the most prominent group of people that attends this healthcare facility are lower-middle class African-Americans and Hispanics. It is interesting to also know that, this facility has minor issues when it comes to receiving payments after rendering care services to these specific groups. This is because a good number of patients are not financially stabled. So at times, when services are rendered to these patients, they are unable to keep up with the payments.
The paper is going to talk about the steps that California’s Sutter HealthCare organization took to ensure that its patients could afford the best healthcare for its families and community members. There have been a lot of different issues that have aroused one being inability to collect payments from families. With this problem organizations are struggling to meet its operational margins which are affecting their overall profits.
I have worked for Denver Health for almost 15 years. During that time I have learned that the mission of the organization is to serve the community to the best of its ability. Employees are trained to go out of their way to tend to patients’ concerns and direct them above and beyond their expectations. I had not really considered how Denver Health markets its services until I began this course. Under its old name, “Denver General”, the organization was given a reputation of low quality as a government institution serving the public. However, while analyzing how it deals with internal and external business activities I have found it is true that the organization is driven toward the patient, to make their healthcare experience one to be remembered.
This assignment will be a good review of the following: Choose a company or an industry in which you have worked or would like to work. It could be a hospital or a physician practice. Identify all the important stakeholders for the entity. Determine the primary aims/objectives of each stakeholder. Assess the power of each stakeholder to affect the company’s strategic plans, and how it may apply that power. Explain how the company might respond to the possible actions of each stakeholder. Recommend tradeoffs that company managers could make to accommodate the stakeholders in a way that optimizes the company’s own performance.
Palomar Health is one of the largest health care districts located in California around San Diego Counties. Palomar Health operates three hospitals, in addition to home health care, surgery, skilled nursing, ambulatory care, behavioral health services, wound care, and community health education programs. This paper will analyze Palomar Health’s financial statement from fiscal years following 2012 to 2015. An in dept analysis of the Consolidated Statement of revenue, expenses, and changes in net position will be examined to better understand the organizations standings of their financial outcomes for those following years (McIntosh L. 2015).
Did Vaughn and other audit partners had a reasonable ground to dismiss Walker from her auditing position for not being truthful regarding CPA exam, which was not related to her job?
It was in 1977 that the United Healthcare United Health group was founded by Richard Burke. The headquarters of the company are in Minnetonka, Minnesota. This organization works towards the betterment of people's health, it help them in living a healthy life by providing them with the kind of health care that would be best for them. The main focus of United Healthcare which is a major division of the United Health group is to provide the people with better health benefits and coverage.
Understanding the financial analysis of healthcare organizations is strategic to the organization by understanding their stand on the amount of revenue they gain, healthcare assets, and their financial goals. This paper will provide a comparison on the performance of financial analysis of several California Healthcare Organizations such as; Scripps Health, Palomar Health, Sharp Healthcare, and Tri-City Healthcare. The four healthcare organizations will be illustrated with an overview about what the organizations have been doing financially , where they have been growing financially, and what have they accomplished over the past year from examining their financial statement. As the nation’s healthcare model continues to evolve,
Providing quality delivery care is the cornerstone of Kaiser operation and addressing language needs of the diverse communities it serves is receiving attention from the National Diversity and Inclusion Office. Kaiser’s National Diversity and Inclusion was established with the objective to promote, support, and assist the regions in implementing the Kaiser Permanente Board of Directors agenda in providing culturally competent medical care and culturally appropriate services to improve the health and satisfaction of its members.
The Omega Ultrasound System would be the best choice to green light for the Healthymagination initiative. After assessing all the potential products, we determined that the lack of concrete metrics, difficulty or uncertainty in measuring outcomes, or clinical relevance to the Healthymagination goal rendered the TEEMax, UltraLipo, and HepEcho unfit for launch. We’ve outlined justification for this decision in (Figure 1.), but we believe the Omega system provides the greatest opportunity for meeting Healthymagination standards with the best chance of obtaining definitive evidence to support the certification.
Additionally, the unwillingness of the business office employees to accept onsite help from the hospital financial analyst team. They appear to be content with the status quo, which has resulted in their current financially precarious situation. They do not have the foundation needed, which should be as described by Weiss, Hassell, and Parks (2013) “…fertile enough to accept the seeds of change and to nurture them to grow” (p. 492).