First Paper (3 pages)
(Your paper must be submitted as a Microsoft Word document and should be 3 pages in length page with double spacing, 12-point Times New Roman font, one-inch margins, and at least two sources cited in APA format.)
Define the major forces affecting the delivery of healthcare. You must describe the opportunities and challenges as they relate to healthcare leaders. Additionally, you should include the types of leases that might be considered for financial operations. Please remember to consider the opportunities and challenges for today’s healthcare leaders. This is meant to be a general introduction to your paper and does not need to be informed by a particular company.
Specifically the following critical elements must be addressed:
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Introduction
- What are the major forces affecting the delivery of healthcare today? Discuss these forces and their corresponding impacts on today’s healthcare environment.
- Impact of Forces:What healthcare service and delivery opportunities and challenges exist because of the forces discussed above? Define the challenges and opportunities that exist for today’s healthcare leaders.
Second Paper (1 page)
(Your paper must be submitted as a Microsoft Word document and should be 1 page in length page with double spacing, 12-point Times New Roman font, one-inch margins, and at least two sources cited in APA format.)
Once you have chosen a company, use a search engine, like Google, to find its website and take a look at its mission, vision, values, and more to learn more about the company. This will inform your proposal. Specifically, the following critical elements must be addressed:
- Identify your chosen healthcare organization.
- Briefly describe what the organization does in the healthcare field.
- Do you feel that you have enough information to approach the rest of the final project? Provide your instructor with links to both the 10-K form from the SEC site as well as the company’s website, and feel free to note any lingering questions you may have about how to approach Milestone Three.
- Briefly describe what the organization does in the healthcare field.
Overview
You will select a company within the healthcare industry that you will use later for your capital budget proposal research. You will submit the healthcare organization selection to the instructor to ensure that you are able to attend to each aspect of the assessment.
Prompt
There are three different ways to find a healthcare company for your final project
- First, you may choose the company that you work for, but you must have access to its financials. You may also search for your company on this website:http://www.sec.gov/edgar/searchedgar/companysearch.html.
- Second, you can go to a different page of the SEC: https://www.sec.gov/edgar/searchedgar/webusers.htmand find a healthcare-related company. This site can be difficult to navigate, so here are some general notes: This page shows recently submitted 10-K forms from day to day that detail out a company’s annual financial information. Each time you check this page, it may change, so when you find a company, be sure to write down the company name and CIK code, provided on this page.
To find a company specifically within the healthcare field, look for companies with a SIC code of 8000, 8082, or 8090. The SIC code is found by clicking the 10-K link associated with a particular company. The resulting screen will have detailed information on the company at the bottom of the page, including the four-digit SIC code in bold red text. Look carefully, as there is a lot of information on these screens. If none of the companies that are available to you this way have a healthcare-related code, you can try to search another way. - Lastly, you can return to the SEC search page http://www.sec.gov/edgar/searchedgar/companysearch.htmland search for a company by the SIC (or Standard Industry Classification) code. On this page, click “More Options” under the Company Name search bar. This will open more search bars. Search by Standard Industry Classification (SIC) and enter in one of the following codes: 8000, 8082, 8090. Do not fill out any other field. Click “Search.” The resulting page will have a list of healthcare-related companies. Now it is up to you to find one that contains a 10-K form. Do this by clicking on the company CIK code, which will take you to the company’s specific page within the SEC. Here, you can search for a 10-K form. Not all companies will have one, so you may have to manually search through a few before you find a suitable candidate.
Utilize the resources below for additional support with selecting a suitable company to focus on for this project:
- Candid 990 Finderand ProPublica Nonprofit Explorer: These resources provide financial information for nonprofit organizations.
- The American Hospital Directory: This resource provides financial information for hospitals.
- Google: This resource can be used to find the 10-K for a for-profit healthcare organization and/or financial statements for any healthcare organization.
Third Paper (2 pages)
(Your paper must be submitted as a Microsoft Word document and should be a minimum of two pages in length with double spacing, 12-point Times New Roman font, one-inch margins, and at least two sources cited in APA format.)
Submit a draft proposal for Section I, parts C and D (see below). Using the approved healthcare organization and the information you have gathered, identify the capital budget item or items that will be used as the basis for the written capital budget proposal. You should include how the proposal recommendations reflect the big-picture view of healthcare.
Specifically the following critical elements must be addressed:
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Introduction
- Opportunities:Based on your analysis of the major forces, impacts, and opportunities provided, consider the specific organization that you selected. What opportunities exist for this organization, and how do these opportunities relate to the big-picture view of healthcare?
- Proposal:What is your proposal for addressing identified issues or improvements within your organization? In other words, what changes are you trying to incorporate in your selected organization?
Fourth Paper (3 pages)
(Your paper must be submitted as a Microsoft Word document and should be a minimum of two pages in length with double spacing, 12-point Times New Roman font, one-inch margins, and at least two sources cited in APA format.)
Submit a draft proposal for Sections II and III (see below). Provide financial statement analysis, profitability ratios, and ratio analysis to support the capital budget proposal formulated in Milestone Three. You must also use financial calculations to support proposal recommendations and to explain the short- and long-term financial impact for the organization.
Specifically the following critical elements must be addressed:
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Financial and Budgetary Considerations
- Financial Statements:What financial statements will you utilize in making your proposal, and how will you use these statements?
- Proposal Impact:What impact will your proposal have on the organization’s financial statements? Articulate the impact using appropriate terminology.
- Flexed Versus Fixed:How would your proposal be different if using a flexed budget versus a fixed budget? In other words, how would the use of one type of budget versus the other impact your proposal, and how would your proposal impact the budget? (Evaluate the differences between a fixed and a flexed budget.)
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Proposal Justification
- Ratio Selection:What ratios will you use to support your proposal and why? Select the ratio or ratios that would be the most appropriate.
- Ratio Results:Calculate the selected ratios and articulate the results using accurate terminology. What do the results tell you about the viability of your proposal?
- Short- and Long-Term Impact:Based on your calculations and financial statement analysis, determine the short-term and long-term impact on the organization and the organization’s financials. What is the short-term and long-term financial impact of your proposal for the organization? How can you plan to strategically mitigate the impact on the financials of the company, or how will your proposal help inform strategic planning in the short and long term?