Question

Please answer the following Question in 300 word count Please answer in your own Count. if citing source please add reference at the end of question.

You are the chief financial officer (CFO) at a community hospital. One of the comments that has come back from patient surveys is the need for a commercial 24-hour pharmacy within the hospital. In this way, patients or their families will be able to fill prescriptions and begin taking ordered medication right away instead of waiting until the following day. The chief executive officer (CEO) wants you to create a proposal for the first 3 months of operation utilizing time value of money tools for the development of this new revenue-generating department. The following points must be covered in your proposal:

• Include and discuss the need for working capital to include 2 months of startup drug inventory, vendor financing arrangements, personnel costs including salaries and benefits, renovations, disposable supplies, and cost of equipment

Answer 1

Answer :-

• We are working in a network clinic .
• It was set up to give social insurance administrations to the general population of the network which is reasonable, available and gave at right time .
• It was built up for the welfare of overall population with the activity to give them human services administrations 24×7 , however in a review done by the managerial division about the administrations to the general population ,it is discovered that they are not fulfilled by the drug store administrations since it isn't accessible 24×7 .
• Up area need to go outside of the emergency clinic to purchase the prescriptions which is tiring and furthermore repressing the arrangement of prompt meds by deferring in light of the fact that medication isn't accessible in the emergency clinic drug store why since it's not accessible the entire day .
• It's a noteworthy worry that must be remedied soon as it upsets the arrangement of prompt revival care too which is a real existence sparing advance .
• The answer for this is to change over drug store administrations into 24×7 and post drug specialist in move obligations .
• Meds and other medicinal gear like tubing's , syringes , annular and so on are the essential thing to be available in a clinic .
• A noteworthy area or an extent of emergency clinic assets ought to be kept separate for drug store working as indicated by the need and necessities.
• Obviously execution of another unit including hardware ,staffs , merchants dealership for medication supply and so on all will require an aggregate of capital sum for the correct working of activity .
• Notwithstanding for a 2 months startup program likewise ,it will require a very whole of cash for keeping up medication stock ,merchant financing game plans , individual costs ,pay rates for the new staffs , hardware supply and so on then just it will be productive and have the capacity to accomplish or achieve the assignments and objectives .