Adventist Health Castle (AHC) a US healthcare provider and 2017 Baldrige National Quality Award recipient, always had strong cash on hand due to careful resource management and consistently exceeded the Pacific Northwest Region benchmark. However, Days cash on Hand declined in 2015 as a result of the spike in Days in Accounts Receivable (AR.) And two major investments took place in 2016. AHC’s strong financial situation enabled the flexibility to grow without incurring debt - see Fig. 7.5-4....
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