How can you judge the current performance of the centre

Assignment Help Finance Basics
Reference no: EM131426579

The Palmer Centre for Alternative Therapy

Jane and Andrew Palmer run a business in Florida that they describe as an ‘alternative therapy centre'. Their treatments range from fairly traditional ones, such as osteopathy, to more experimental ones that work with the body's ‘energy pathways'. Their clients have a range of problems of different severity and symptoms, but in practice their main concern is people who suffer from long-term back problems. The Palmer Centre employs a receptionist who deals with around 20 customers an hour. 70% of these only ask for information and the receptionist can deal with them in a couple of minutes. The remainder are actual patients. Each patient takes about three minutes to give the receptionist information before moving on to consultations with either Jane or Andrew. Roughly two-thirds of patients see Andrew, who spends around 15 minutes with each; the rest see Jane, who spends around 20 minutes with each. After they have finished treatment, the patients return to the receptionist, who takes two minutes to collect information, prepare bills and arrange followup appointments. This arrangement seems to work well, but some patients complain of having to wait. This is particularly important because the Palmers are thinking of expanding and employing another therapist. They will have to do some marketing to attract new clients, but realise that alternative treatments are becoming more popular and finding new business should not be difficult. For the expansion they will have to make some changes to the centre, and build another office and waiting area for the new therapist. If the expansion is a success, they might be tempted to expand even more in the future. This raises the questions of how many offices the centre will need for varying levels of demand and how big the waiting areas should be.

Questions

1. How can you judge the current performance of the centre?

2. Can you find the resources that the centre will need to maintain - or improve - the current level of service with increasing numbers of patients?

Reference no: EM131426579

Questions Cloud

What proportion of movie trailers is too long : Any movie trailer that lasts beyond 4 minutes and 30 seconds is considered too long. What proportion of movie trailers is too long?
Analyze the type of project learning that is addressed : Examine the levels of uncertainty and complexity for the project. Analyze the type of project learning that is addressed. Justify your response. Examine the organizational mind-set and explain its impact on the project.
Discuss possible changes to current healthcare policy : As it relates to your choice of professions in the field of healthcare administration, specify the most important concept that you learned from this course.In your opinion, discuss at least two (2) possible changes to current healthcare policy th..
Find a symmetric interval about the mean salinity : Find a symmetric interval about the mean salinity such that 50% of all salinity levels lie in this interval. What are the endpoints of this interval called?
How can you judge the current performance of the centre : Can you find the resources that the centre will need to maintain - or improve - the current level of service with increasing numbers of patients?
Components of the search for competitive advantage : Why innovation and product development are crucial components of the search for competitive advantage?
Identify three types of managed care plans : Managed care has had a profound impact on the way that health care is delivered and paid for in the United States. A large portion of Healing Hands Hospital's revenue comes from managed care reimbursement making managed care a very important part ..
Probability that amount of protein is less than 7.75 grams : What is the probability that the amount of protein is less than 7.75 grams?- What is the probability that the amount of protein is between 7.8 and 8.2 grams?
What is the probability that a bottle exceeds given limit : Suppose the EPA has established a limit of 5% 2-butoxyethanol in all consumer products. What is the probability that a bottle exceeds this limit?

Reviews

Write a Review

Finance Basics Questions & Answers

  Explanation of expected rate of return

What expected rate of return would a security earn if it had a 0.6 correlation with the market portfolio and a standard deviation of 3 percent?

  After-tax component cost of debt

Using a financial calculator: Stern Manufacturing issued a 10-year, 12% SEMI-ANNUAL bond 5-years back. The debt issue is currently priced at $925.00. The firm's marginal tax rate is 39%. What is Stern's after-tax component cost of debt?

  Results or comparison of current results

Which do you think provides a more valid measure of how a company is doing, comparison of current results with historical results or comparison of current results with the current results of another company?

  Calculate the required rate of return for mars inc.s stock

Calculate the required rate of return for Mars Inc.'s stock. The Mars's beta is 1.2, the rate on a T-bill is 4 percent, the rate on a long-term T-bond is 6 percent, the expected return on the market is 11.5 percent.

  Determine the effective interest rate on the note

Which of the three alternative treatments (borrowing, capital lease, operating lease) could be considered off-balance-sheet financing? Explain why Southwest might want to structure the transaction in this way.

  Risk analysis involving computation of cash flow

Risk analysis involving computation of cash flow and coefficient of variation and Wrigley Village Yearly After-tax Cash Inflow Crosley Square Yearly After-tax Cash Inflow

  Depreciation amount in the second year

Suppose that your company bought a product for $200,000 and put it in service in 2015. The product you bought will be depreciated with the GDS using half-year convention. The cost basis for the product is $200,000. If we assume that this product i..

  Firm debt-equity ratio

Zombie Corp. has a profit margin of 4.8 percent, total asset turnover of 2.0, and ROE of 19.34 percent. What is this firm's debt-equity ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

  What is the sales revenue under the worst case scenario

The sales price is estimated at $750 per unit, plus or minus 2 percent. What is the sales revenue under the worst case scenario?

  How would you advise the company to handle the repatriation?

How would you advise the company to handle the repatriation?

  Organization reward structure

Describe the relationship between type of reward structure employed by an organization for its employees and employee effectiveness and work productivity.

  How much money have you accumulated for your retirement

How much money have you accumulated for your retirement? Your account pays you 18.98 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd