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Assignment #2: case AnalySIs You are the new administrator of the Miami Medical Group, a 39 physician multi- specialty group practice. You have 10 years

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Assignment #2: case AnalySIs You are the new administrator of the Miami Medical Group, a 39 physician multi- specialty group practice. You have 10 years of industry experience and an MHA from Claremont Lincoln University. The physicians in the group have always been very conservative in dealing with the group's finances. In the past, the group has never kept extra money in the bank but has distributed it to the doctors. As the group has grown over the past few years, younger physicians have decided to make changes and update their business practices. The younger physicians now control the Board of Directors. You have been asked by the board chair to design a cash management program that will benefit the practice but keep the older doctors pacified. The Miami Medical Group occupies a 15,000 square foot building, which houses the majority of the physicians and all the ancillary services. The group also operates three 5,000 square foot practices geographically dispersed throughout Miami's various ethnic communities. The group generates $8,673,000 per year in revenue with a 69% operating overhead. Issues As you begin to design the cash management system, you realize the scope of the assignment is much greater. Cash management only looks at immediate needs, while looming changes on the forefront will dictate the need for a more sophisticated planning process that accounts for the sustainability and viability of the organization for the future. Manv factors complicate the financial olannino process. includino

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