Health Financial Management Discussion question Week 4
Health Financial Management Discussion question Week 4
“Inventory Analysis” Please respond to the following:
- Recommend a strategy for financial administrators to balance the tension between having inventory on hand when it is needed versus the carry cost to the organization. Provide support for your recommendation.
- Suggest one (1) key real-world complication of Economic Order Quantity (EOQ) calculations. Indicate a way in which a financial administrator may minimize the impact. Provide support for your rationale.
Optimizing Staffing” Please respond to the following:
- Assume that you are a health care administrator in a hospital, and you are responsible for staffing levels. Suggest an approach to staffing for 24/7 coverage that optimizes patient care and minimizes cost. Provide support for your rationale.
- Determine one (1) key factor that contributes to the non-productive time of hospital staff. Suggest one (1) way for administrators to control this factor in order to yield more productive time. Provide an example to support your rationale.
