HCS 405 Week 4 Individual Assignment Simulation Review

Complete the following tasks before beginning the
simulation:

·
Save and print the
Simulation Aid document. You will need to reference it as you complete the
simulation.

·
Review the assignment
instructions and have an extra sheet of paper ready for taking notes as you
complete the simulation.

Complete the Health Care Financial Accounting
simulation. In the simulation, you are in charge of a fictitious health care
organization facing financial difficulties. You must complete the following
tasks:

·
Phase 1: Capital
Shortage – Analyze the working capital shortage presented in the simulation

·
Phase 2: Funding
Options for Equipment Acquisition – Evaluate funding options for acquiring
medical equipment

·
Phase 3: Funding
Options for Capital Expansion – Evaluate funding options for capital expansion

Write a 1050-1400 word paper analyzing the
decisions you made in the simulation. Include the following in the paper:

Phase I: Capital
Shortage

·
Analyze which
cost-cutting options you selected and why.

·
Analyze which loan
option you selected and why.

·
Analyze the outcome of
your capital shortage decision.

Phase II: Funding
Options for Equipment Acquisition

·
Evaluate which
cost-effective equipment selections you made and why.

·
Evaluated the outcome
of your cost-effective equipment acquisition decision.

Phase III: Funding
Options for Capital Expansion

·
Evaluate which source
of funding for capital expansion you selected and why.

·
Evaluate the outcome
of your source of funding for capital expansion decision.

Summary and
Conclusions

·
Explain what you
learned from this simulation.

·
Explain what you would
do differently if you performed the simulation again.

·
Explain how you will
apply what you learned from the simulation at your current or future job.

Support your ideas, analysis, and conclusions
with references to scholarly external sources, such as the textbook and journal
articles.

Format your paper consistent with APA
guidelines.

Explanation & Answer

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