FINANCIAL MANAGEMENT IN HEALTH CARE ORGANIZATIONS: A CASE STUDY OF MATER MISERICORDIAE HOSPITAL, AFIKPO

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dc.contributor.authorSALIHU, WORU RAMATU
dc.date.accessioned2014-03-22T11:36:30Z
dc.date.available2014-03-22T11:36:30Z
dc.date.issued1988-09
dc.descriptionMBA\ADMIN/13064/97-98 A PROJECT SUBMITTED TO THE POSTGRADUATE SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTERS IN BUSINESS ADMINISTRATION [MBA] SEPTEMBER,en_US
dc.description.abstractABSTRACT Financial Management in Health Care Organization, A case study of Mater Misericordiae hospital was carried out to assess how the hospital manages her funds/resources. Financial Management involves acquiring and utilizing funds. Cash is gotten from different sources, its used to purchase inventory, the inventory when sold results in cash or accounts receivables [credit sales] when collected cash is made available for recycling. However if there is a problem along the flow other areas are affected also. In this study, the various sources of funds that can be utilized by a firm was review. Planning for this financing is also needed and budgeting, as a tool for financial planning was discussed. The various components of current assets and current liabilities was studied in the light of accepted techniques and models for managing them. This was used to assess how the hospital manages her own components. The research method used here is the description and the case study method. Data was collected through interview, observation and from text books and journals. It was discovered that the hospital has a weak cash position as a result of the limited sources of funds and the management of her current asset with accounts receivable being very high, this in turn affected her current liabilities. Also the hospital does not use most of the management techniques rather she depends more on intuition and past experience in managing her working capital. Also the amount expended an drugs is usually a significant portion of the hospital recurrent expenditure. Thus the mismanagement of drugs could easily result in great loss. Carrying too high inventory means a lot of capital is being tied down. So the problem is finding a suitable balance between the cost of carrying a large inventory and the ordering cost, determining optimal quantities of safety stocks so as to balance the cost of stockout with that of carrying the safety stock. Another area was the investment of funds in fixed asset or marketable securities, the major decision here is what to invest in and when considering the economic recession and the expected revenue from the investment. In conclusion, recommendations were made with a call on the government to consider the voluntary missionary hospital in the budget allocation. The recommendation if put in place would help the hospital manage her resources effectively.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/4176
dc.language.isoenen_US
dc.subjectFINANCIAL,en_US
dc.subjectMANAGEMENT,en_US
dc.subjectHEALTH CARE,en_US
dc.subjectORGANIZATIONS,en_US
dc.subjectCASE STUDY,en_US
dc.subjectMATER,en_US
dc.subjectMISERICORDIAE,en_US
dc.subjectHOSPITAL,en_US
dc.subjectAFIKPO.en_US
dc.titleFINANCIAL MANAGEMENT IN HEALTH CARE ORGANIZATIONS: A CASE STUDY OF MATER MISERICORDIAE HOSPITAL, AFIKPOen_US
dc.typeThesisen_US
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