week 1 paper - Happy Hospital Scenario 1 Running head:...

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Happy Hospital Scenario 1 Running head: HAPPY HOSPITAL SCENARIO Happy Hospital Scenario Christopher Wall ACC/HC561 Donald Furman University of Phoenix October 12, 2009
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Happy Hospital Scenario 2 Happy Hospital Scenario Overview: The CEO of Happy Hospital, Mr. Harm O. Knee, has long been talking about the need to automate some of the medical records and move toward an electronic medical record. The solvency and profitability numbers all reflect the fact that Happy Hospital has had two difficult income years. As they may have noticed, Happy Hospital did not have any debt coming into 2008. They did take on some long-term debt this year. Because the hospital lost money, they have negative interest and debt service coverage ratios. All of the profitability ratios are negative as Happy Hospital had both operating and total losses for the year. Clearly there are serious signs of financial stress, and we have our work cut out for us to turn around the two years of operating losses. (University of Phoenix, 2009). To decide what the option to implement Happy Hospital must consider the following: how can budgets and performance reports be used in the decision making process, how will
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week 1 paper - Happy Hospital Scenario 1 Running head:...

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