Assignment: Final Healthcare Budget Request

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Assignment: Final Healthcare Budget Request

Finalize your Healthcare Budget Request by completing the following:

Part 1: Financial Statement Analysis:

Open your Healthcare Budget Request workbook that you created in the previous Assignment, and navigate to the “A6 Financial Statement Analysis” worksheet.

  • Using the Healthcare Budget Request Workbook Step-by-Step Guide for guidance, conduct analyses as directed on either your organization’s financial statements or those provided in the Sample Financial Statements document. Your analysis will include spreadsheet calculation of financial statement ratios.

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Part 2: Summary of Analyses and Interpretation of Results:

Create a brief (1- to 2-page) description of your analyses. Be sure to address the following in your summary:

  • Describe the results of each statement analysis. What do the results of each analysis mean?
  • What does your complete financial statement analysis suggest about the financial health of the organization?
  • If using your current organization’s data, does your analysis help describe any observed organizational behaviors or actions? Explain.
  • What assumptions have you made in your analyses?
  • What implications do these analyses have for your proposed healthcare product or service?

Part 3: Summary of Work and Final Healthcare Budget Request

Compile and summarize your work in previous assignments. You may choose to use the Healthcare Budget Request template, located in the Resources, or create a format of your own. Your final Healthcare Budget Request should include:

  • A final version of your Executive Summary
  • A final version of your projected expenses and revenues
  • A product/service budget for the launch and the first 5 years
  • A summary of financial and SWOT analyses that you conducted, including your interpretation of the results
  • A 3- to 5-slide PowerPoint presentation containing the final version of your elevator speech, incorporating selling points from your analyses that you believe make the business case for nurse entrepreneurship and leadership’s commitment to your proposed healthcare product or service.

REQUIRED REFERENCES:

Penner, S. J. (2016). Economics and financial management for nurses and nurse leaders (3rd ed.). New York, NY: Springer Publishing Company.

  • Chapter 12, “Assessing Financial Health” (pp. 365–396)

Kenton, W. (2019, July 6). Financial statement analysis. Retrieved from https://www.investopedia.com/terms/f/financial-statement-analysis.asp 

Start, R., Matlock, A. M., Brown, D., Aronow, H., & Soban, L. (2018). Realizing momentum and synergy: Benchmarking meaningful ambulatory care nurse-sensitive indicators. Nursing Economic$, 36(5), 246–251. Retrieved from http://www.nursingeconomics.net/necfiles/2018/SO18/246.pdf

Assignment: Final Healthcare Budget Request