Hospital Financial Management Essay Example | Topics and Well Written Essays - 250 words

Hospital Financial Management - Essay Example By developing fixed and variable expenses PPD strategies they find it efficient in paying long-term expenses without running out of all the operational cash. During their 1st Qrt, they expected a fixed cost structure of 20% which in actual budget shifted to 19% making a point value of 1. The same way by budgeting for variable cost structure of 80% and gaining an actual of 81% giving them a point value of 1, it means that the operation of the hospital is very strategically planned. The other reason for the better financial performance of the hospital is because of the better turn out of patients both in and outpatient, the benefits are given to them and the services performed. Despite good profit generation from the hospital, it is still advisable that they develop the good strategy based on the indicators shown by the office of the statewide health planning development (OSHPD). The indicators require the hospital financial management to develop corrective measures such as volunteer t ime so that the salaries benefit can be reduced by at least 10%, the need also to give professional training to lower the professional fee they provide for. The hospital management should be determined in developing ways of reducing their supplies from 15% to some reasonable percentage. The main issue the hospital management should focus on to help their performance is the salaries, variable patients benefit, and the supplies they receive. They should develop strategies that enable them to reduce the cost of professionals pays.

Computer utilization in ONE African or Mid-Eastern country as compared Essay

Computer utilization in ONE African or Mid-Eastern country as compared with computer utilization in the United States - Essay Example these social differences at the cultural level, the UAE is quickly becoming one of the most progressive users of computers in the world in areas of business, education, and general consumer society. In the United States, it is quite common to find people of varying demographics using the Internet for personal needs, varying from social networking sites, to online shopping, to even education by attending distance learning universities. There is no specific user profile for the Internet in the United States simply because it is quite common for people of all age and educational demographics to have a personal computer in their households. However, in the United Arab Emirates, the Internet user profile is typically a younger and professional male compared to the United States (Shen & Shakir, 2009). Where in the U.S. it is common to find a young male or female visiting social networking sites such as YouTube or Facebook, this goes against the traditional collectivist principles that founded the UAE regarding what is considered acceptable for gender roles. Many Arab youth females cannot show their faces to anyone unless they are in their close family and because of this they often d o not play online games, visit chat rooms, or even send emails (Shen & Shakir). This cultural difference tends to limit the Internet user profile to mostly professional and educated young men. Yahoo! Is becoming the number one Internet website in the UAE, where this is not especially true in the United States. Regular Yahoo! users in the UAE have crossed 1.5 million (ameinfo.com, 2006). In the U.S., it is common to have youths visiting Yahoo! for its Chat, Games and Music options. However, the UAE commonly finds people over the age of 30 on Yahoo! utilizing its more professional services such as Yahoo! News and Finance (ameinfo.com). This is a demographic difference in computer utilization between the UAE and the U.S. where in the West sites like Yahoo! are more for recreation where in the

External and Internal Environments Essay Example | Topics and Well Written Essays - 1750 words

External and Internal Environments - Essay Example The Company ranks 59 in the list of Fortune 500 companies. Total revenue earned by the company in the last year (2012) was 46,542 USD and profit was 8,572 USD (CNN, 2013). According to some reliable news reporting agency, the Coca Cola Company is one of the biggest public companies in the world at present (Forbes, 2013b). This paper aims at studying the environment in which the company operates, evaluating its core competencies. Recommendations have been made on the basis of the results obtained from the study. General environment The macro environment in which a company operates puts significant effect on the company’s management and its performance in the market. It is external to the company and refers to the forces that influence the organization from outside. External environment is of two types; specific environment and general environment. While specific environment is directly related to the goals and business objectives of the organization, general environment affects the organization on a broader aspect, such as its economic, political or legal, technical, socio-cultural points of view and the environmental or natural conditions that are related to the activities of the company (Daft, 2011, p. 71). Economic factors Economic factor is one of the most important factors that influence business enterprises. On one hand it affects business decisions, while, on the other hand it affects performance level of the company in the local and international market. The global economic slowdown has not left Coca Cola untouched. The developed market in the United States is recovering slowly. The company has followed positive pricing strategy in this scenario. This has lead to rise in revenue in the North American segment. However, due to appreciation of dollar, there has been fall in exports to the other international operating groups of the company, such as, Asia, Europe, Africa, Latin America and the Pacific region. It has cast a negative impact on the net o perating revenue for the country (Coca-Cola Company, 2012a). In the last quarter of 2012 the company shares incurred loss of 2 percent (The value investor, 2012). Socio cultural aspects Sales and revenue is affected significantly by the socio cultural conditions prevailing in the society in which the product is sold. The lives of the people in the developed country like the United States is fast paced and hectic. Hence carbonated drinks, such as the Coca Cola products, are well accepted within the population in both the young population and the older generation. However, in recent times, health conscious of the common mass is rising. Sugar-sweetened drinks are considered to be the cause of health problems, such as obesity (Coca-Cola Company, 2012a). People, particularly, youngsters are becoming concerned of these issues, which is in turn affecting their consumption rate. Reduction in consumption is leading to drop in revenue. Forces of competition There are five forces of competitio n that helps in making industry analysis. The most important forces of competition that affect Coca Cola Company have been described below: Bargaining power of suppliers The basic ingredients used for the manufacturing of the beverages by the Coca Cola Company are sugar, water, caramel and fruit juice and essence. In the USA there are many suppliers of these raw materials. Hence the company can choose the best supplier for each product and make a tie up with that company. Bargaining power

Computer utilization in ONE African or Mid-Eastern country as compared Essay

Computer utilization in ONE African or Mid-Eastern country as compared with computer utilization in the United States - Essay Example these social differences at the cultural level, the UAE is quickly becoming one of the most progressive users of computers in the world in areas of business, education, and general consumer society. In the United States, it is quite common to find people of varying demographics using the Internet for personal needs, varying from social networking sites, to online shopping, to even education by attending distance learning universities. There is no specific user profile for the Internet in the United States simply because it is quite common for people of all age and educational demographics to have a personal computer in their households. However, in the United Arab Emirates, the Internet user profile is typically a younger and professional male compared to the United States (Shen & Shakir, 2009). Where in the U.S. it is common to find a young male or female visiting social networking sites such as YouTube or Facebook, this goes against the traditional collectivist principles that founded the UAE regarding what is considered acceptable for gender roles. Many Arab youth females cannot show their faces to anyone unless they are in their close family and because of this they often d o not play online games, visit chat rooms, or even send emails (Shen & Shakir). This cultural difference tends to limit the Internet user profile to mostly professional and educated young men. Yahoo! Is becoming the number one Internet website in the UAE, where this is not especially true in the United States. Regular Yahoo! users in the UAE have crossed 1.5 million (ameinfo.com, 2006). In the U.S., it is common to have youths visiting Yahoo! for its Chat, Games and Music options. However, the UAE commonly finds people over the age of 30 on Yahoo! utilizing its more professional services such as Yahoo! News and Finance (ameinfo.com). This is a demographic difference in computer utilization between the UAE and the U.S. where in the West sites like Yahoo! are more for recreation where in the

Banks Deal with Documents and Not with Goods, Services or Performance Essay

Banks Deal with Documents and Not with Goods, Services or Performance to Which the Documents May Relate' (UCP 600, Article 5) - Essay Example Further risks are the economic climate in both the importing and exporting countries and the political stability of the countries, which affects the sale transaction and the degree of trust and confidence of each party in the other. As a result, banking regulations serve to lower or alleviate the risks that banks are exposed to and any disruptions and interruptions emanating from adverse economic and banking conditions. Additionally, banking regulations reduce the criminal risks to which banks are exposed, not to mention promoting and ensuring the confidentiality of banks.4 To reduce risks in international sales, in terms of the payment issue, the seller and buyer usually agree to settle through letters of credit. This essay seeks to explore Article 5 of the Uniform Customs and Practice for Documentary Credits (UCP 600) 2007, which reads as follows: â€Å"Banks deal with documents and not with goods, services or performance to which the documents may relate†. In fact, this Art icle is usually explored in regard to the letters of credit principles. Thereby, in the first part of this essay, the concept of letters of credit in the light of the UCP 600 will be revealed. Subsequently to that, the principles of letters of credit, which are autonomous and conform to strict compliance, will be discussed in the light of relevant cases. Finally, the way that fraud affects letters of credit will be examined in the light of relevant cases. 1. Letter of Credit and the UCP The importance of letters of credit to the current commercial society is evidenced by the many rules established to regulate and control its usage. These rules are called the Uniform Customs and Practice of Documentary Credits (UCP), which were created by the International Chamber of Commerce (ICC).5 Several commentators tend to accept this unification, such as Royston Goode, who describes it as â€Å"the most successful harmonizing measure in the history of international commerce†.6 In fact, the first version of these rules was drafted by the ICC in 1929. The rules were revised many times until the last version, UCP 600, was issued in 2007 and came into force on 1 July, 2007.7 Even though the UCP 600 regulates letters of credit, the legal status of these rules will not be considered binding until they are incorporated into the two parties’ contract, as it is mentioned in Article 1 of the UCP 600.8 Letters of credit, which are also known as documentary credit or banker’s commercial credit, is defined in Article 2 of the UCP 600 as â€Å"any arrangement, however named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honour a complying presentation†. According to this definition, a letter of credit has two characteristics. First, it is an irrevocable credit, which means that it cannot be amended or cancelled when it has already been communicated to the seller; under the previous UCP 500, credits co uld be

Students Essay Example for Free

Students Essay A students life is often plagued by examination. The demand to do well is further increased as good grades woud lead one to secure entry to a good grades would lead one to secure entry to a good university and consequently to a good job and future. Hence,there is no surprise and mentel health problems among school-going children. The Befriends Malaysia,a voluntary organization located in the klang valley,pointed out that they receive approximately 60 calls per day and from these 10 per cent are from student under the age of 20. The examination pressure experienced among students has also seen the rise in suicides and deaths among school students. In 2007,a young 12-year0old s. subashini ,hanged herself in her room after receiving her upsr results. In 2005,Matthew Vinesh a teenager in the prime of his life at 17,hanged himself at home just completing his trial spm examination. The year 2004 recorded 3 suicides due to examination pressure. The alarming number of students experiencing strees,mental and health problems as a result of examination pressure calls for measures to be taken . For starters ,the Malaysian Examination Syndicate (MES) has proposed that more school-based assemenst replace the many public examinations. Furtheromore,school-based assessments are continuous,ongoing and formative in nature . This will not only help reduce pressure from summative exams but also help both teachers and students work on their strengths and weekness in the teaching and learning process. School –based assessments will also bring about abolishment of some public examination. The MES proposes to abolish the Primary Year Six UPSR and the secondary There PMR public examination. Besides MES,the Ministry of Education (MOE) is also planning to take a number of measures to curb the stress and pressure school students have to undergo. The large class enrolments hinder the care and attention teacher can give to help students cope wit their studies. Therefore,teachers do not have time to cater to the different problems faced by the large number of students in each class. Thus,steps have to be taken to reduce class enrolments so that teachers can give quality attention to students learning in their classroom. There should also be more school counselors that students can go to when facing problems. Besides counseling ,students should also be exposed to motivational talks that include strees managements strategies. Finally,the MOE should conduct clinics or seminars for both teachers and parents to help them identify students for both teachers and parents to help them identify students that display suicidal or other forms of negative behavior. Since examination are one of the main cause of increasing number of students facing pressure ,mental and health problems,it is important that this issue be addressed. Steps and immediate measures must be taken to help overcome or curb this problem. What is needed is a concerted effort by all parties concerned to work together collaborativrly to help reduce pressure and stress as a result of public examination.

Killer Angels by Michael Shaara Essay -- Essays Papers US Civil War Es

Killer Angels by Michael Shaara Most people think of the Civil War as a military battle between the North and South. Without studying the subject, they do not appreciate the facts that make up this historical event. When one reads the novel, Killer Angels, the reader is given a much better perception and understanding of what actually happened during the war. Killer Angels, by Michael Shaara, is a realistic historical depiction of the great battle of Gettysburg, which left 50,000 Confederate and Union soldiers dead, wounded, or missing. The novel is set up in chronological order of events that took place during the four days of the bloody and decisive battle of the Civil War. The tale is told from an alternating north and south perspective. In this manner, readers can have a good mental picture of how each event came about. It even shows maps for a better understanding of each step the North and South took. It is clear where each of the battles were taking place and why the generals try to use the land for their own advantage. It was very interesting to read about the different strategies and tactics the generals utilized in the attempted destruction of their enemies. The well-deserved rave reviews that litter the front and back covers drew me to it, but Shaara's powerful writing style and stunningly human characters drew me into it. Shaara has an amazing ability to portray the major players of the battle, whose real personalities must have since been lost over a...