Benefits Of Genesis Capital

Decent Essays
Genesis capital represents the total pool of funds expended by the organization to build, acquire, or upgrade physical assets such as property, buildings, technology or equipment.
In our industry, capital is required to build or remodel skilled nursing facilities, purchase new technologies such as oxygen concentrators, or upgrade existing equipment such as electronic medical records platforms.
Capital expenditures at Genesis can range in size from only a few thousand dollars to hundreds of millions of dollars. They can also range in complexity, from simple debt based investments in a single facility through to multi-facility investments with public and private partners, covering multiple years, geographies, and financing structures.
Unlike

Related Documents

  • Improved Essays

    The primitive element of Evidence Base Practice is to personalize the evidence to fulfill distinct patient need within the context ((Polit & Beck, 2012, p. 25). paper includes the summary of an Evidence Based Practice implementation on reduction on hospital acquired Cather-Associated Urinary Tract Infection (CAUTI) in a community hospital setting. The key points, list of steps taken by nursing, a practice problem that would benefit from the implementation of an EBP are explained here. The result of the study with a conclusion is also enclosed.…

    • 1150 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Hence the organization is running with a debt of $2,290,841. However, total operating revenue was 70.4 percent of the total revenue. Net patient service revenue in 2015 has increased to $693 million which is 21 percent more than 2014. This significant growth is believed to be due to increased capacity from the opening of new sky tower (“2015 uhs audit report,” 2016). Directional strategies: Directional strategies are crucial to check the status of the organizational growth.…

    • 742 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Pocahontas Memorial Expansion Pocahontas County Healthcare Background Pocahontas County is lacking a complete healthcare system. This county has one hospital facility which includes 25 critical access beds. This facility also houses the community clinic for laboratory tests, and x-ray services. Because of the rural status and the lack of a continuum of care for the community, Pocahontas Memorial Hospital is considering creating a comprehensive satellite health clinic. This clinic would be located closer to the community in Marlinton, WV.…

    • 1648 Words
    • 7 Pages
    Superior Essays
  • Improved Essays

    According to Arroyo Fressco (AF) challenges identified by the performance FOCUS framework, it is obvious there is a need to implement and evaluate interventions that would improve AF’s operational efficiency. Financial Performance One of the key strategic challenges is to balance AF’s mission of serving all patients, regardless of their ability to pay or against tight fiscal environments at federal, state, and local levels. Although, AF receives federal section 330 grants from the Public Health Service of the U.S. Department of Health and Human Services, these funds have not kept pace with growing needs or economic changes within the health care industry. Thus, to remain financial viable in the future, it is recommended that AF focus on,…

    • 1050 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The purpose for finance is to plan for, obtain, and use resources in order to take full advantage of the efficiency and value of a business (Gapenski, 2013). Finance consists of accounting and financial management functions. This includes the handling of routine financial operations, such as negotiating contracts; making cash available for expenses like payroll; and maintaining a cash cushion for the unexpected (Brumley, 2015). The primary users would be the internal users, such as the managers, the employees, the owners; and the external users, such as the creditors, the tax authorities, the investors, the customers, and the regulatory authorities (Accounting-Simplified.com, 2013). The healthcare industry has many regulations they have…

    • 873 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    appropriately. Being knowledgeable nurse staffing budget is a good place to begin this discussion with the staff. . As a nurse leader, I would present issues that directly impact the nursing budget . This includes nurse staffing and patient care. 1.…

    • 290 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    During budget planning several resource distributions are created. According to Danna (2013), the nursing department budget accounts for almost half of the hospital total expenses, it is critical, when budgeting to increase effectiveness and efficiency. For instance, decreasing reimbursement and incentives are correlated to the decreased in-patient satisfaction due to poor quality care. Another role for the nurse manger is to increase staff nurse awareness and reducing cost, by monitoring the consumption of supplies such as dressing changes.…

    • 78 Words
    • 1 Pages
    Decent Essays
  • Great Essays

    Health Care Budget Managed care is a hard and complex organization. Managing an organization day today is a hard task but having individuals throughout the organization providing excellent service will help keep the organization at an all-time high with profitability and viability. It takes time for an organization to have a successful business and to have a better understanding of account budgeting. Most health care organizations use planning and budgeting functions to help a there organization succeed in identifying goals and objectives to make sure their organization stays on a task of improvements.…

    • 901 Words
    • 4 Pages
    Great Essays
  • Great Essays

    A few proposed policies alternatives to combat the rising cost in health care 1. Socialized Medicine 2. Healthcare Price Transparency 3. Cost-sharing initiates Socialized healthcare is a government owned and operated healthcare system which provides universal health care assistance that people need to acquire the help of some government laws intended for health care and other types of medical and health care subsidies. (HealthResearchFunding.org, 2014)…

    • 913 Words
    • 4 Pages
    Great Essays
  • Improved Essays

    There are several business principles related to patient and system costs in health care that are needed to maintain safe, quality, patient-centered care that is fiscally sound. For this discussion, I will put myself in the shoes of a nurse manager, director of nursing, Chief Nursing Officer, or business owner and consider three of the principles from the Greg Fisher Power Point (2008). The principles I will examine are: 1) decide what makes you different; 2) manage employees; and 3) set goals. The reason why I selected these three business principles is that they appear to me to be a good place to start the groundwork for any business model, including the field of health care.…

    • 893 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    Capital expenditure budget outlines the expenses a company needs to purchase major capital items such as buildings and equipment. An item must exceed a certain amount to be considered a capital expense. In most health care organizations the amount ranges from $300 to $1000 (Yoder-Wise, 2016. p. 225). An example of a capital item would be needing to replace an Omnicell machine.…

    • 136 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Principles Of Nursing

    • 1055 Words
    • 4 Pages

    As the population shifts to the point that there are more patients than nurses in the workforce it is essential that healthcare becomes more effective, efficient, economical, and safe (Wilson, Whitaker, & Whitford, 2012). As a director of nursing I am responsible for the nursing care, staff and budget. In my discussion I will discuss three business principles that will allow my company to remain finically sound while still providing quality, safe, and effective nursing. The first business principle of great importance is to set goals, without setting goals you do not know where you want to be or if you actually are where you want to be. As nurses we continually write goals in our care plans.…

    • 1055 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    As the firm grew, it also accumulated debt. One critical issue noted in the case involved PhyCor’s eagerness to expand smaller healthcare organizations into large ones. This caused financial strain and also…

    • 917 Words
    • 4 Pages
    Decent Essays
  • Superior Essays

    This situation could be problematic because independent hospitals try to remain financially viable well while lot while allowing their buildings and equipment to age. The strategy is somewhat useful you sacrifice quality care by not allowing the building to age increasing the difficulty in recruiting and retaining staff. Also having a small number of beds with limited access to new technology makes it difficult for a hospital to stay financially viable without acquiring financial capital. Capital investment is a problem to health care managers because very crucial decisions must be made that significantly affect the business’s operation and financial standing for a long time. Capital investment must go through an analysis to fully explore any potential expenditures on the equipment, land even the infrastructure…

    • 1419 Words
    • 6 Pages
    Superior Essays
  • Superior Essays

    Most Companies need to invest in wealth-creating assets in order to survive in the rapidly changing global business environment (Eljelly and Abuidris, 2001). The reason being is because capital investment functions to generate cash flows in years to come and also acts to uphold the profitability of existing business activities (Watson and Head, 2007). Normally, a company will need to use up a huge amount of cash outflows at the starting point of the projects. Later they will get cash inflows on the following years. Careful evaluation on the capital investment projects needs to be done, as it requires a huge sum of cash to be raised and invested.…

    • 1284 Words
    • 5 Pages
    Superior Essays