College aantekeningen
HCM Financial Management (working groups Meander case)
Notes from the working groups discussing the Meander case of the course: financial management. Master Healthcare Management.
[Meer zien]Voorbeeld 2 van de 5 pagina's
Voorbeeld 2 van de 5 pagina's
In winkelwagengesponsord bericht van onze partner
Voorbeeld van de inhoud
Financial Management 2022 Meander Case – Joyce RommensWorking group 1: Financial analysis - Practicing with financial analyses
What is the purpose of a financial analysis? What do you want to learn from assessing Meander's
financial situation?
- The main goal is to investigate the financial position
- Meander focuses on stability and continuity so that their can implement their vision of care:
staying independent ® based on the outcomes of a financial analysis, steering and decision
making becomes possible
- We want to indicate whether Meander is financially capable of operating in the social
domain
- Are they reaching cost-covering rates in the social domain?
- We want to indicate if Meander has enough capacity to deliver intramural care due to the
expected shortage of capacity.
- Do they have the financial resources to implement digital technologies?
The purpose of a financial analysis is investigating the financial position. When the organisation has a
healthy financial position and is in control. Meander can continue its operations over a long-term
horizon.
The financial policy of Meander focuses on stability and continuity so that they can implement their
vision of care: staying independent. I would like to learn if Meander has a healthy financial position
and how they can become healthier. Based on the outcomes of a financial analysis, steering and
decision making becomes possible.
Firstly, it is important to understand the current situation: how do they do right now? Say something
about the likelihood of continu running this organisation. This has also influence on the strategic
options.
Which indicators, ratios, context information would help you
providing an answer to this question?
- The profit and loss account to indicate whether the activities
in intramural care and in the social domain are profitable.
Also see results of 2019.
- How much are clients contributing to receiving care
in the social domain?
- Return on equity ® if this is good, it will be easier to attract
new funds which could help in delivering several activities
with less chance of loss
- ROE = EAT / OF (earnings after tax / operational
fixed)
- What are the variable costing and absorption costing? Could
they be decreased?
With low liquidity, the salaries of the personnel, for instance, might not be paid.
Calculate and extract the relevant information.
, Financial Management 2022 Meander Case – Joyce Rommens
Working group 2: Financial analysis – Critical assessment of someone else’s analyses
For the financial health assessment of we specified the minimum acceptable standard as follows:
"The assessment is meaningful, comprehensive, and supported by correct calculations and numeric
evidence." Do the reports meet this standard?
- Is the assessment comprehensive? Do you miss something important? Or does is generate
information overload?
- Are the calculations correct and do you agree with the conclusions?
Report 1
Current financial situation:
+ Good comparisons between ratios to similar organisations
- The current situation is explained very briefly, few ratios and no comparisons to previous years
Scenario’s:
+ No overload of calculations, clear overview
- Consequences are described very briefly ® retraining may not be achievable
- Calculations over a longer period are lacking
Improvements:
- Include something about the profit of the organisation (loss of profit because of WMO
activities)
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper joycerommens. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €6,99. Je zit daarna nergens aan vast.
Is Stuvia te vertrouwen?
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 53920 samenvattingen verkocht
Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen