Company Profile (Not-for-Profit): Shriners Hospitals for Children The Shriners Hospitals for Children is a nonprofit group and depend on the charity of supporters of Shriners and the overall community to complete the assignment and advance the lives of children daily. Its area of interest is to better the lives of kids living with orthopedic conditions, burns, congenital, spinal cord injuries, cleft lip, palate, and other special healthcare needs within a compassionate, family-centered setting, in spite of the patients’ ability to pay.
In this case, the reader learns that liquidity is a better than average. The ratio and cash on hand have been better than 2013 from the past years. Moreover, it shows that the hospital has a higher ability to meet its cash obligation because it has more security compared to other hospitals. Funding allows hospitals to control funds and limit investments. Not-for-profit organizations help provide more services and margin of safety. Therefore, creditors look for a margin of safety so that the community that financed a small portion of total financing can be returned to the owners by leveraging. Capitalization ratio measures the funds that were borrowed and the assets that have been used. The coverage ratio measures the number that time they fixed financial charges. The time's interest earned ratio shows the ability of the hospital to meet
I attended the Saturday Lab 1 session discussing the Denison Specialty Hospital case study. In our session, we had a through discussion into the different budget terminology. I learned about the difference between accrual and cash accounting methods, which is based on the timing of when the revenue and expenses are recognized. I also learned about responsibility centers as an organizational unit under the supervision of a manager, who is responsible for its activities and results. In addition, the manager is accountable for the budget of the department that they head. Therefore, a centralized form of management in developing the budget because it makes easier to because the information for the department budget is located
This paper will propose the major steps that Caring Angel Hospital (CAH) could take to achieve each of the following goals: Improve the quality of care, add value to the organization, improve employee morale, design an efficient organizational chart, create a strong team environment and create the hospital’s competitive edge. It will also recommend one approach that the hospital could use for acquiring a larger market share given the prevailing financial circumstances. It will investigate two value-added services that CAH could offer to strengthen its value proposition and examples of the advantages of those services.
Springfield General Hospital (SGH) is committed to high quality healthcare for patients, and providing tools to support physicians, nurses and pharmacists. SGH leadership approved the computerized physician order entry (CPOE) system as a solution to reduce prescription errors, and the results of the CPOE project are disappointing. The data show increased prescribing errors after implementing the CPOE; resulting in increased costs for adverse drug events, rather than the planned cost reduction (Spector, 2013). This change management plan provides the SGH board of directors and executive management team pragmatic steps to increase quality for patients by assessing the root issue of hospital
There are three locations at Lurie’s Children’s, Comer Children’s and at Edward’s Hospital these are an area located in the pediatric units for families that have children and newborns are receiving treatment at the
General Practices Affiliates is considering an offer from Titus Lake Hospital to join under a provider leasing model. Under a provider leasing model, Titus Lake Hospital is purchasing General Practices Affiliates’ services. The practice will retain control of personnel, management, and practice policies. Titus Lake Hospital submitted financial reports to assure transparency during the lease agreement process. The following analysis will discuss whether Titus Lake hospital is a viable financial partner for General Practice Affiliates, possible implications of the lease, and recommendations.
The International Shrine is a brotherhood that is dedicated to having fun with a specific purpose. They are a fraternity based on fellowship and the Masonic principles of brotherly love. The fraternity, which has nearly 200 temples in seven countries and thousands of clubs around the world helps to operate the unique pediatric healthcare system they founded years ago (About Our Fraternity). Through the philanthropic work of International Shriners, transportation and free medical care are provided for those children that meet the qualifications, which in turn remove a huge financial burden from the family.
Annual Report. Children's Miracle Network Hospitals. Retrieved April 6, 2014, from
“The Story of St. Jude Children’s Hospital.” Archdiocese of St. Louis. N.p., Winter 2006. Web.
When it comes to educating children and parents about their child’s surgery or illness, it is important to remember the child’s age. A child and parent do not understand the same terms. For example, when referring to a stretcher a child may think it will stretch them out, a child life specialist may refer to a stretcher as a bed on wheels for children who may not understand this term. There are many child life specialists who go through every detail in an office with
The state of Rhode Island continues to be in the media for the constant negligence of the Rhode Island Hospital. The jury awarded Carl Beauchamp $31.5 million for the hospital, doctors, and nurses’ negligence. In August of 2009, Beauchamp hit his head and went to he Rhode Island Hospital seeking treatment. However, he failed to receive the correct treatment for his injury. The doctors and nurses failed to correctly diagnose, perform necessary exams and tests, and thoroughly check for worsening symptoms; thus, Beauchamp’s brain continued to swell resulting in brain damage. As a consequence of the doctors and nurses failure to take complete care of the patient, he now requires daily care and is bound by his need of a wheelchair. His speech, vision,
“NewYork-Presbyterian Hospital is committed to excellence in patient care, research, education and community service. When you or a member of your family requires care, we will provide the exceptional services that you expect from a first-rate medical institution”(NewYork-Presbyterian, n.d.)
One of the most famous, and popular hospitals around the globe is “The Hospital for sick Children”. The hospital was founded in the spring of 1875, and stands strong till this day. The hospital was established when Elizabeth McMaster rented an 11 room house in downtown, Toronto. She set up six iron cots and declared open a hospital “for the admission and treatment of all sick children”. The hospital rose into high demand and expanded and moved onto University Avenue. Each year, thousands of patients are treated and cured for there (http://www.paeds.utoronto.ca/about/history.htm). The hospital is currently working on many projects, in which most are related to understanding learning disabilities. One of the many projects includes “Exploring the causes of Reading Disabilities”; this is a project that overlooks at genes to understand the causes of certain disabilities. Another research project that the hospital is currently working on is; “Parent Involvement and reading development in the early grades”, this project focuses on the effects of parent’s involvements in their children’s di...
Via Christi cares for the pediatric population. The Grant and Norma Davis Child Life Center is a specialized pediatric inpatient unit for a variety of illnesses or injuries afflicting a child. In addition, Via Christi offers a pediatric intensive care unit for the critically ill child. Both units meet the unique developmental and psychological needs of a child, utilizing the interdisciplinary medical model. The team includes physicians specializing in pediatric care, nurses, therapists, child life specialists, chaplains and social workers.
When my daughter Tamara was three years old, she spilled a pot of boiling water all over herself. She suffered from second degree burns that affected most of her upper body. I remember vividly the horror and pain that her mother and I went through for months witnessing our darling and the joy of our lives suffer. Aside from the support of our family and friends, what really helped us through this difficult experience was the amazing pediatrician, Dr.Muhaned Marah, and the staff at Al-Ain hospital in UAE. The work of Dr.Marah had a direct and instrumental impact, not only on my now happy six year old daughter, but on my entire family. This experience sparked my passion for pediatrics and made me focus on pediatrics to make sure that no child would ever have to suffer like my daughter