HCM565: WEEK 5 Paper & Discussion Question

Week 5 Paper:  Managing Financial Operations

Option #2: Firm Financial Position or Not? Simulation Analysis

For this module, work through the Firm Financial Position or Not? Simulation located in your course information folder. Then, write a 3- to 5-page paper on the financial simulation by answering the following:

What financial problem was presented?

What were the key financial performance drivers and measures that would help the board make its case?

Which financial documents that you used to perform your analysis?

What are dashboards and balanced scorecards and where they use for?

Was it determined that the hospital was financially strong enough to take on the renovation bond and why?

Were there other alternatives that might have provided better outcomes?