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M5011 Accounting for Management

 

 

 

Accounting for Management M 5011

Table of Contents

Business Consultation Report:. 3

ORAL PRESENTATION FOR CONSULTATION: 7

 

Business Consultation Report:

In this report, we are discussing ‘’Ramsay health care limited’(benchmark company) Business consultation report, its manager is going ona vacation with his family and wants a consultation report for an important client. In this business report, we are discussing the financial and non-financial performance of the company so that the client will do a difference in our company, as our company is in very good condition and has good market growth. this company is a health care company and management. This business consultation report is very important as the new competitor is joining the market with the best healthcare services, that is why the CEO of the company wants to know about the financial performance of the company for developing the plan. In this report, we are also comparing the profit analysis between the other benchmark company and Ramsay health care limited company.

‘’Ramsay health care limited’’ is avery big Australian company, this company operatesin four countries as UK, Asia Pacific, France, and the Nordics, its share is held by top holders of Australia, and its transaction value is 1.03bn which is very big in number.Ramsay Health Care’s motto “People Caring for People” was established concluded 25 years ago and has converted identical to Ramsay Health Care and the method it functions its commercial. As we all know Ramsay health care limited’’ is provide all healthcare services and clinic practice, the founder of this company is Paul Ramsay AO.(Babu, et al., 2022)’’Ramsay health care limited’’ has 30 hospitals and neurological units and in December 2021 they do contract with the NHS. This hospital also includes some private groups of hospitals. In the recent year, 2018 opened six sites in the UK with 70m poundsand promised to earn money for the NHS but this anticipation was wrong or as we sayit’s not beneficial to give us immediate profit. In the COVID -19 phases, this company has a chance to give facilities to NHS by providing the best health care services(Babu, et al., 2022). This health care hospital is provided by Elysium health care and is the third largest mental hospital in the, their services are education, neurological care, and private patient services, they have 2000 beds, 72 sites, and 6000 workers from England and Wales.

The ’Ramsay health care limited’’ core value is to caring the patient, and use a positive essence to succeed. Their objective is to build positive relationships to achieve optimal outcomes for all. Theirbelief is that success is achieved by encouraging people’s values and the values of the team. Their objective is to achieve the expected profit and wants that the business will grow with maintaining profitability and giving investor loyalty.Their logic is people care for people.‘’Ramsay health care limited’’ has the best services in delivering the best healthcare services, it is a pride for Ramya’s as they fulfill the patient’s needs and it is always different from another hospital as in this organization decentralized management process is followed by all the staff member of the hospital. They have an ‘’open door policy’’ for their doctor and their staff member and they haveexperienced doctors and staff members in the hospital. They have a flexible environment so that the new member easily joins the new environment and these standards give big opportunities to shape the practices, their inner policies and procedures aim to deliver staff at all heights with career development, exercise, and growth prospects. The Key to the success of the Ramya is their people and this is the special culture of the Ramya we also know this culture as the Ramya’s way.The manager is going on a vacation with his family and wants a consultation report for an important client. In this business report, we are discussing the financial and non-financial performance of the company so that the client will do a difference in our company, as our company is in very good condition and has good market growth. this company is a health care company and management. This business consultation report is very important as the new competitor is joining the market with the best healthcare services, that is why the CEO of the company wants to know about the financial performance of the company for developing the plan. Three years financial report is given below:

This is the chart of the past three years in which January 2020 the graph is going down but in July. In January 2021 the graph of the health care institution is the growth is medium of the health care center. But in 2022 January the graph is in increasing.

 

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This is the financial report of Ramya’s business in which revenueof 480 million pound

And the loss of the company is 19.4 million pounds.

The current asset of the company is $ 3582.5 in 2020 and $ 5351.4 in June 2020, and the Non- current assets of the company are $ 3745.0 in 2020 and $ 138.14.0. Currents Liabilities

Of the company $ 3754.6 in the 2020year, $ 3717.2 current liability, and 14,015.3 current liability. The Equity for2019 is $ 3,925.5.

NHS work is a main basis of income, in the year to June 2019, 79% of entrance fees to Ramsay Infirmaries were NHS affected role. Statistics for the year to June 2020 remained pretentious by the Covid epidemic and the agreement with the UK administration which started in March 2020 and are not straight similar to preceding years.

The company manages its resourcesby developing the management resources, and Ramya’s company is efficient in managing its assets rather than benchmarking the company. As the Key to the success of the Ramya is their people and this is the special culture of the Ramya, we also know this culture as the Ramya’s way. ’Ramsay health care limited’’ has the best services in delivering the best healthcare services, it is a pride for Ramya’s as they fulfill the patient’s needs and it is always different from another hospital as in this organization decentralized management process is followed by all the staff member of the hospital. They have an ‘’open door policy’’ for their doctor and their staff member and they have experienced doctors and staff members in the hospital. But on the other hand, the benchmark company has not had many employees in their hospital and they have notmuch staff to give services to their clients.

CompanyA is another healthcare company name CSL limited which is also a famous healthcare company, its manager is on vacation with his family and they want that they prepare a financial position report for this company. which is new in the market but gaining the best position in the healthcare industry, they have the largest building also and this company is trying to compete with Ramya’s company but as we know the profit of this company and trust is low than the benchmark company. The CEO looksat the past year’s company financial growth which is not good and decreasing day by day of Ramya’s business which revenue of 480 million pounds.

And the loss of the company is 19.4 million pounds.

The current asset of the company is $ 3582.5 in 2020 and $ 5351.4 in June 2020, and the Non- current assets of the company are $ 3745.0 in 2020 and $ 138.14.0. Currents Liabilities

Of the company $ 3754.6 in the 2020year, $ 3717.2 current liability, and 14,015.3 current liability. The Equity for 2019 is $ 3,925.5.

Benchmark company’s financial report is provided below:

The growth of this company decreases in its early days or is nice but not good like Ramya’s company. But in the past years, their profit is decreasing. There is some suggestion for increasing the profit and growth of the company they review their issue, from where they lose the activity, meet with their stakeholders, try to improve the patient gathering approach and keep motivating their staff. Build a better selection schedule.

Obviously, Ramya’s health care company is the more profitable and healthier return.

The company should manage its resources by the plan strategy. Use new technologies in the management system, (Sharma, et al., 2019)And the companies also used the management managing software.

Yes, Ramya’s health care limitedis efficient in managing its assets compared with the benchmarking company, as they have very good options and staff to manage the whole activity.

 

 

ORAL PRESENTATION FOR CONSULTATION:

 

 

 

 

 

 

References

Azghadi, M.R., Lammie, C., Eshraghian, J.K., Payvand, M., Donati, E., Linares-Barranco, B. and Indiveri, G., 2020. Hardware implementation of deep network accelerators towards healthcare and biomedical applications. IEEE Transactions on Biomedical Circuits and Systems, 14(6), pp.1138-1159.

https://ieeexplore.ieee.org/abstract/document/9250613

Babu, S.V., Ramya, P., Sundar, C. and Pradeep, D., 2022. The architecture of smartness in healthcare. In Edge-Of-things in Personalized Healthcare Support Systems (pp. 25-44). Academic Press.

https://www.sciencedirect.com/science/article/pii/B9780323905855000023

Briody, C., Rubenstein, L., Roberts, L., Penney, E., Keenan, W. and Horbar, J., 2018. Review of attacks on health care facilities in six conflicts of the past three decades. Conflict and health, 12(1), pp.1-7.

https://link.springer.com/article/10.1186/s13031-018-0152-2

Prajwal, V., Arun, V., Ramya, M.C., Nagaraj, S., Krishnaveni, G.V., Kumaran, K., Fall, C.H. and Krishna, M., 2021. Validation of EURO-D, a geriatric depression scale in South India: Findings from the Mysore study of Natal effects on Ageing and Health (MYNAH). Journal of Affective Disorders, 295, pp.939-945.

https://www.sciencedirect.com/science/article/pii/S0165032721008508

Sharma, D., Singh Aujla, G. and Bajaj, R., 2019. Evolution from ancient medication to human‐centered Healthcare 4.0: A review on health care recommender systems. International Journal of Communication Systems, p.e4058.

https://onlinelibrary.wiley.com/doi/abs/10.1002/dac.4058

Thomas, R.E. and Thomas, B.C., 2021. Reducing biofilm infections in burn patients’ wounds and biofilms on surfaces in hospitals, medical facilities and medical equipment to improve burn care: a systematic review. International Journal of Environmental Research and Public Health, 18(24), p.13195.

https://www.mdpi.com/1660-4601/18/24/13195

 

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