Simulation Review - 1188 Words

â€Å"Representing over 20 percent of the U.S. Gross Domestic Product and accounting for approximately $1.5 trillion in revenue, health care is the single largest industry in the U.S. today.† (University of Phoenix, 2015). However, it is a vulnerable industry. The facility we are looking at is in New York, where the third highest losses in the country occur because of numerous problems dealing with Medicare and Medicaid reimbursements, cuts in funding, and pressures for discounted managed care, amongst others. The facility is called Elijah Heart Center (EHC). First we looked at the capital shortage because in an emergency, the hospital might not have enough cash to sustain itself. The challenge was to decide on the best strategy to solve the†¦show more content†¦The simulator agrees. Once the capital shortage was dealt with and the new equipment was funded, we can now look forward toward capital expansion. The facility is seeing growth in patients and now wants to exp and. Deciding on funding sources for expansion is a big decision that carries many risks. The option I chose was the HUD 242 Loan Insurance Program. I chose it because the net present value (NPV) for the project was $221 million when funded this way. This also allows them to have better interest rates because it’s treated as an investment grade loan, versus a risky one. The simulation agreed and further added that â€Å"the advantage of these bonds is that they are callable after eight years. If interest rates were to go down, it would be profitable for EHC to buy back the bonds and reissue the debt at a lower cost† and â€Å"there are no deadlines for using the funds unlike Tax-Exempt Revenue Bonds and they do not have any foreclosure fees as in private banking funding.† (University of Phoenix, 2015) I enjoyed this simulation because it provides a glimpse into a real life situation that is part of being a facility manager. I learned a great deal from the summar ies provided by the simulation at the end of each section. I would have liked to have all the variables laid out before me and I think I would have made better decisions. But, I learned a lot from the information. Some of it was new to me like how the government reimburses less for procedures done on refurbishedShow MoreRelatedSimulation Review1150 Words   |  5 PagesSimulation Review Paper Kimberly Roehler HCS 405 September 26, 2011 Sandra DiPietro Simulation Review This is a stimulation review of a cardiac care unit that is facing working capital shortages. As the lead financial consultant brought into address the financial indicators and evaluate to bring working capital back to in order at the Elijah Heart Center (EHC). The other financial analyst will focused around addressing issues as they relate to this particular cardiac care unit; whatRead MoreSimulation Review Paper1075 Words   |  5 Pages1 Administrative Ethics Paper Shannan Eddings HCS/335 December 10, 2011 Joann Wilcox In the healthcare field there are many institutions that specialize in different methods of treatment such as a nursing assistant, dentist, pathologist, psychiatrist and physical therapists to name a few. With these different jobs and countless employees in the medical profession, there are plenty of patients to be cared for because everyone needs medical attention no matter if it is a broken arm or gettingRead MoreThe Difference Between Bisimulation And Forced Simulation1266 Words   |  6 PagesLiterature Review: The difference between Bisimulation and Forced Simulation Haowei Zheng hzhe024@aucklanduni.ac.nz 1. INTRODUCTION Currently, component reuse techniques have become more and more important for handling the rapidly increasing complexities of component based embedded system. Bisimulation is a well-known technique which has been proposed in the very early stage of simulation development. It provides the functionality of checking for process equivalent in process algebras. ManyRead MoreEssay on Effectiveness of Scenario Based Simulation Training 1579 Words   |  7 Pagesprograms to seek alternative methods of clinical instruction. In years past simulation training was used as an aid to facilitate learning. Today, for many nursing programs scenario based simulation is the only option for learning patient care. Which brings about the question as to just how effective is simulation training? According to Kneebone, Nestel, Vincent, Darzer (2007), â€Å"To be effective, however, such simulation must be realistic, patient-focused, structured, and grounded in an authenticRead MoreA Study On Advancing Entrepreneurial Skills And Abilities Through The Use Of Simulation Games On Secondary Shool Business Education1206 Words   |  5 Pages KEABETSWE PHUTHEGO 200903371 ELB 504 GUIDED STUDY IN BUSINESS EDUCATION TOPIC: ADVANCING ENTREPRENEURIAL SKILLS AND ABILITIES THROUGH THE USE OF SIMULATION GAMES IN SECONDARY SHOOL BUSINESS EDUCATION DUE DATE: 8 APRIL 2016 INTRODUCTION What can we as teachers do to influence our learners to become entrepreneurs? The government of Botswana has been over the years working tirelessly in trying to curb unemployment more especially among the youth, as well as motivating them to venture intoRead MoreSimulating The Entire Learning Environment, To Be Used1288 Words   |  6 Pagesopportunity: how can a system designer design, implement, and validate a simulation to be used in evaluating adaptive support systems for doctoral learners. My proposed research aims to address this gap by depicting the design process, implementation, validation, and use of a simulation model for em-pirical evaluation of various personalized support strategies for doctoral learners. While the long-term goal is to show how simulation can be used to evaluate the design process of advanced learning technologiesRead MoreHcs 405 Simulation Review Essay1282 Words   |  6 PagesSimulation Review Essay Macy Skalski HCS/405 Health Care Financial Accounting University of Phoenix- AXIA Instructor Sherida Douglass November 19, 2012 Simulation Review Essay The Elijah Heart Center is facing the financial distress common in specialized health care organizations. This is the combination of the need for improved technology, a reduced income, and the demand for expansion. Without the needed technology and expansion, there is little that the hospital can do to improve theRead MoreEssay on Simulation Review: Hcs/4051236 Words   |  5 PagesSimulation Review Janette E. Guevara HCS/405 August 26, 2013 Todd Brown Simulation Review I have been brought in as a financial advisor to assist Mr. Gilbert Sanchez, CEO at Elijah Heart Hospital (EHC) to find some cost efficient ways to continue to provide quality care but at the same time reduce costs for the organization. EHC is a hospital that specializes in Cardiac surgeries and procedures. They would like to expand and have a promising growth in patients as well as revenue, but withRead MoreSimulation Of Nursing Education : A Literature Review1712 Words   |  7 PagesSimulation in Nursing Education: A Literature Review Teachers are champions of learning. They work endlessly to push students to succeed and grow. They teach them to be better readers, writers, mathematicians, scientist, historians and artists. Teachers are constantly evaluating what they can do to help their students learn and to achieve personal goals, life goals, and become productive members of society. However, not all learners have the same learning style and not all teachers have the sameRead MoreThe Importance Of Emergency Intervention And Management Services6296 Words   |  26 Pages CCRN – ECMO specialist. This team, along with our team liaison, Hunter Rich, MHA, RN, have devoted countless hours researching, brainstorming and trialing a multitude of simulation scenarios and methods with staff and providers. Their deliberate planning and expertise will lead to a lasting and successful line of simulation environment aimed at benefiting our pediatric patients on ECMO services with the best possible outcome  œ life. Table of Contents Acknowledgements 2 Executive Summary †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8