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You are a manager for a hospital that owns an Urgent Care Center (like your Project). It's now the 3rd month into a new year.
You are a manager for a hospital that owns an Urgent Care Center (like your Project). It's now the 3rd month into a new year. You ve been asked to review the prior years' financial situation and make recommendations. You note the following problems: . Collected only $5M of more than $6M in Net Revenues, Operating expenses were $5.25M. Cash Flow was -$250K (over $20K short per Mo.) . Volume of visits requires only 65% of the leased space that they pay $20K/mo. for and has several years remaining on the lease. There are several realistic short-term strategies that could turn this situation around in 90 days or less. You may only choose 3, so select the ones that will achieve your objectives. I Develop a Marketing Plan im Hire an outside Consulting firm that spedializes in turn around situations Rent out the underutilized space to save $7K month Break the Lease Close the UCC and see the patients in the ED! O Do an RCM review and intensify collections by at least $10K/month Review and cut wasteful spending at least $10K/month You are a manager for a hospital that owns an Urgent Care Center (like your Project). It's now the 3rd month into a new year. You ve been asked to review the prior years' financial situation and make recommendations. You note the following problems: . Collected only $5M of more than $6M in Net Revenues, Operating expenses were $5.25M. Cash Flow was -$250K (over $20K short per Mo.) . Volume of visits requires only 65% of the leased space that they pay $20K/mo. for and has several years remaining on the lease. There are several realistic short-term strategies that could turn this situation around in 90 days or less. You may only choose 3, so select the ones that will achieve your objectives. I Develop a Marketing Plan im Hire an outside Consulting firm that spedializes in turn around situations Rent out the underutilized space to save $7K month Break the Lease Close the UCC and see the patients in the ED! O Do an RCM review and intensify collections by at least $10K/month Review and cut wasteful spending at least $10K/month
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