See attached

Week 5

Instructions:

Mini Cases are intended to assist the student in understanding how to apply the financial skills introduced in financial management. Students will prepare a 1-page report on each of the mini cases from the text reflecting their application of the financial concept and theory. The report should focus on the specific issue found in the case and demonstrate the opinions and perspectives of the student and how they feel the issue should be addressed.

Use the format APA7.

Use 2 references and one them has to be the following:

We are using this book please use it as reference and for citation. Also the mini case is located in this book: Introduction to the Financial Management of Healthcare Organizations, Eighth Edition

        by Michael Nowicki (Author)

 

Mini case Study ( Page 278)

Imagine that you are the administrator of Main Street Family Clinic, which has been hit hard by the current economic crisis and has been cutting expenses to survive. Your cash on hand is short, and it is the time of the month to pay your employees and vendors. The cash inflows from patient revenues supplied just enough to cover about half of your salaries and expenses. Explain the options for the clinic. What would you do?