Part 3. First Meeting with the CFO Congratulations! You accepted the offer and y

Question

Part 3. First Meeting with the CFO Congratulations! You accepted the offer and you are hired. The Board hired you to improve the financial performance of the hospital, so you get right to work to make that happen. During your first week, you schedule a meeting with the CFO, who has been at the hospital for 20 years. For this part of the case study, prepare a list of questions to ask the CFO during your first meeting. To help you prepare your questions, first briefly describe what you want to get out of the meeting. You can list your questions in any order, but try to maintain a logical flow.

Explanation / Answer

Q1: What is the operational cash flows of the hospital in the form of cash inflows and cash outflows on monthly basis.

Q2: What are the % increase and decrease in the patients who are coming to the hospital for revenue forecasting.

Q3: What are the cost structure of the hospital i.e. fixed cost ( Rent, Insurance, Salaries to doctors etc) and Variable cost ( Cost of rooms maintenance, usage of equipment etc).

Outcome: Revenue forecasting and cost analysis.

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