The Basics on the Health Care Facilities Scorecard

Performance management experts agree that scorecard systems are the means to an end. The end is usually in the form of attaining a specific company goal. The means, not being the factors to achieving success, are ways to realizing strategies that lead to obtaining the goal. This can be best explained by identifying the elements involved in implementing the system. And it also involves the identification of the four dimensions covered by such system. Most organizations follow the same metrics. In the health care sector, the case is special. That is why they are urged to adopt a health care facilities scorecard system.Scorecards do not work without the necessary metrics or key performance indicators. These are specified areas of a health care organization where outputs are evaluated, results are analyzed, and reports are obtained to make crucial decisions. Health care providers are different from most types of business. That is why its indicators are also quite unique. The four KPIs or dimensions used in the scorecard system are customer perspective, social accountability, internal processes, and financial.Customer perspective is one dimension that involves reviewing people’s perception and experience. Normally, it involves the process of obtaining the expectations of a customer before he is admitted and inquiring about the effect of the service offered by the facility. It also requires the knowledge of how customers think of the availability of medical equipment, the quick response of the staff, and the overall cost of the treatment.On the financial side, the indicators are usually drawn from certain aspects, such as developmental cost of new facilities and medicines, profit from operation, and accounts receivable. By measuring this area, health care managers will be aided in making judgments based on financial performance and progress.The operational dimension, on the other hand, has something to do with activities related to the everyday activities of the health care provider. Usually, these are: the number of queues, express patient arrivals, volume of surgical incidents, whether outpatient or inpatient, time for new medicines and facilities to develop, and average duration a patient stays in the clinic.The fourth dimension of the health care scorecard system is social accountability. Since health care providers are service oriented, it is important that the organization’s corporate responsibilities must be felt and made visible in the community. Examples of measurable social activities are health education seminars, public heath care programmes, employee development, health awareness initiatives, promotion of proper waste disposal, and charity involvements.It is not all the time, though, that health care managers should focus on all four dimensions, as it would become a waste of time to spend more on areas that produce unnecessary results. For leaders to practically measure crucial areas, the factors of the scorecard system must be clearly identified. There are actually six and these are: units of analysis, purpose, audience, method, data, and results.By examining the factors, managers can allocate their time and funds efficiently. In the audience factor, for example, if there is a large number of patients and workers to evaluate, full attention and financial aid must be given. Remember that every second, every dime, and every activity matters. So for health care facilities scorecard to work, one should identify the indicators and consider the factors.

USDA Loans Aka Business and Industry Loans

What exactly are B and I loans? They’re a government sponsored program, similar to the small business administration loans. The program was set up to help building owners in rural communities, primarily with populations LESS than 50,000, in an effort to both create and retain jobs. All in all, the USDA loan program was created to stimulate rural communities.This is the niche that the B and I Loan fill. And it’s very important to note that there is a major void here. Virtually all banks, lenders and hard money sources will not consider commercial loan requests where the population is less than 50,000. And most won’t look at deals with populations less than 100,000.So many people that want to buy property for their business or for investment simply didn’t have a lot of options (or none at all), unless they consider the B & I loans. Many borrowers are shocked to learn how limited their options are in rural communitiesNot only do these loans fill that void, they also have some really interesting terms. For example they offer 30 year amortization schedules on most deals. Compare that to the typical small bank loan of 20 year amortization and it’s a huge difference. What this does is drastically reduce the borrower’s cash flow. The difference in monthly payment between a 20 year amortization and a 30 year is around 20%-25% (assuming the rate and loan amount are comparable).Also, the Business and Industry program boasts some of the highest financing levels around. You can go up to 80% loan to value on both purchase and refinances. This high level of financing exist for typical buildings like office or retail and more special purpose like restaurants or automotive facilities properties.Underwriting standards with B and I loans are more flexible than small bank loans as well. Debt coverage ratios for example can be “bent” or adjusted if the funding bank and the USDA think the loan request is close.If you own a commercial property in a small town, this is a program that you should give serious consideration to, as it maybe the best financing option you will be able to find.

Bad Credit Commercial Mortgage

While credit profile is an important consideration in the lending decision it is not the only one. A bad credit commercial mortgage or loan is available to individuals and businesses with less than perfect, or poor credit rating. These are also called “sub-prime” loans.Bad credit commercial loans and mortgages are available for any sort of commercial purpose. Bad credit commercial loans can be used to remodel a manufacturing plant to make it run more swiftly, for example. Bad credit commercial mortgages can also be used to restructure or expand the existing business. Also, much like bad credit home loans, bad credit commercial loans can be used to actually pay off debt and improve your credit.Bad credit may not stand in the way of obtaining your loan or mortgage request, only a clear detailed plan of your commercial purpose for the loan is needed, as well as a plan for repayment. With bad credit commercial loans and mortgages, bad credit may not hurt anymore, but rather it gets improved. And then, with timely payments, you can eventually improve your credit score and overall credit report even further.Not all commercial property owners and prospective commercial property owners are alike and thus we treat each loan request as a unique scenario and try to maximize our clients’ opportunities to get the commercial property loan that meets their objectives, even if their credit history is less than perfect. New and creative financing techniques are available to make our services more effective and responsive to borrower’s needs. Rates can vary quite dramatically across products, so it is important that we understand your situation as thoroughly as possible so we can secure the best product for you.Securing the right bad credit commercial mortgage or loan is a very important decision. Equally as important is speaking with the right people. If this is an area you wish to explore, contact us today.