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Gentiva Health Services - Essay Example

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Gentiva Health Services assignment of submission Introduction It is the quest of every company to cut down expenses and raise the level of revenue accruing from daily activities. Gentiva Health Services is not an exception to this rule…
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Gentiva Health Services
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Gentiva Health Services

This would ensure that the activities of the company remain profitable both in the long run and in the short run. The company recorded a decrease in revenue in 2011. Previously, the company has made several acquisitions and dispositions. This could have been one of the contributing factors to this loss among other factors. This paper investigates the methods of costing used in the company and explores the implication of employing differential costing in the company. The company employs different techniques in cost management. The acquisition of tax information is done through periodical reviews of company assets. The company analyses its data and prepares quarterly reports every year. As a way of managing its operational costs, the company has sold several of its branches (U.S. Securities and Exchange Commission, n.d). New assets have also been acquired as a way of expanding business and risk diversification. This approach is useful since the assets bought have high chances of appreciating in value, leading to a stable business during a long period of time. The assets base also provides more collateral required by financial institutions before they can give out loans. Gentiva’s ability to acquire loans for expanding its activities has, therefore, been enhanced. The change brought about by the new acquisitions and dispositions implies a change in the management structure. ...
Aspects such as practical difficulties while introducing the system and the main structures that should govern the installation of the new system require critical analysis. Practical difficulties encountered include lack of support from the top management or staff, high initial costs, lack of support from other levels within the organization or lack of qualified staff. Other main considerations entail the type of the product, organizational structure, management’s objective, and simplicity of the new system. The adoption of differential costing would greatly help the company. Differential costing helps evaluate the difference in total costs and expected revenue. This information is necessary in choosing where to invest or not to invest. In addition, it will help evaluate the incremental benefits resulting from an acquisition or a disposition. In a situation when the company requires closing down a new firm, the company would be able to weigh the detrimental costs likely to occur as a result of the closure. Gentiva is on the verge of making several decisions to remain relevant and stable in the current economic demands. Since differential costs involve the assessment of costs and revenues arising as a result of taking a given alternative, the company needs to employ the method to reach the best decisions. In turn, the company will be able to cope with the proposed law to cut health services and hospice care. The effects of the health care reform on the providers of health services are clearly evident. The reform requires that costs of health services be reduced by at least 3.5% every year. This implies reduced returns for services offered by Medicare companies. Due to the health services reform, Gentiva is on the move to diversify its ... Read More
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