A prescription for patient care
Article Abstract:
Bloomsbury Health Authority director of finance and systems development Tony Haggar oversees a system with 19 hospitals and 14 other medical facilities that services between 500,000 and 600,000 patients a year. Haggar reports that the UK Department of Health proposals to fund health districts on a per capita basis will result in Bloomsbury losing 75% of its revenue, necessitating that Bloomsbury raise 120 million pounds sterling from other sources. In the future, hospitals will be forced to establish contracts for patient services with district health authorities, and 80% of Bloomsbury's revenue will come from such contracts. In order to save resources, Haggar reports that Bloomsbury is rationalizing its services by amalgamating its teaching hospitals, closing hospitals, and by planning to build one large base hospital at a cost estimated at 200 million pounds sterling.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1990
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Foreign currency options
Article Abstract:
Most borrowers are avoiding foreign currency loans because of the risks involved. Some financial advisers say that the loans sector is too volatile. Instead of taking out loans in single foreign currency loans, advisers recommend the managed currency loan. In this type of borrowing, the loan manager chooses the best foreign currency in which to borrow and promptly transfers to another currency when the foreign exchange markets and interest rates change. This arrangement still entails some exchange risks but, if managed properly, can offer flexibility, generate savings in interest costs and lessen the loan outstanding amount. Managed currency loans are not too popular, but many believe that they gain greater acceptance in the financial community.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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Secure business for an honest living
Article Abstract:
Britannia Security Group PLC chair Anthony Record is optimistic about the future of his company, the UK's leading security company with 76,000 customers. Founded by Record in 1982, the company's profits expanded each year until 1989 when pretax profits fell by 500,000 pounds sterling because of rising interest rates and the disappointing performance of three of the group's divisions. The company has recently launched a division, Actron, which manufactures electronic article surveillance products for the retail trade. Insurance company surveys reveal that commercial theft is increasing in the UK, indicating a ready market for Actron's line of security equipment.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1990
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