Financial Management for Hospitals - Finance Management Assignment

Assignment Task

Task

1. Explain and evaluate how the primary of objective in financial management of maximizing shareholder wealth is at conflict with other objectives such as ensuring favorable outcomes for patients.

2. Consider the ethical and legal considerations that prevent a hospital or healthcare business from entirely focusing on the maximization of wealth for its owners.

3. ZebraPharma plc is looking to take on a new investment. The company will evaluate two mutually exclusive projects.

4. Critically evaluate the use of a Balanced Scorecard in your organisation (or a previous organisation you have worked in)

• Outline the Key Strategy (What is the overall goal?)

• Develop a series of metrics based on Financial Performance, Customer, Internal Processes and finally Learning and Growth.

• Explain and identify how your Key Performance Indicators (KPIs) will meet the strategy goals d.

• Evaluate the challenges, discuss the risks of your organisation within the Balanced Scorecard and the challenges to achieving the goals in point 3c.

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