Utilizing the concepts learned throughout the course, write a Final Paper on one of the following scenarios: ·Option One: You are a consultant with 10 years experience in the health care insurance industry. A group of 20 doctors is considering forming a

Strategic Planning and Financial Planning

Prior to completing this discussion, read Chapter 13 from your course text.  Select a health care organization and answer the following questions as they relate to your selected organization:

· What is your understanding of strategic planning and financial planning?

· What if financial planning is not aligned with strategic planning? What are the consequences?

Your initial post must be 300 to 350 words. Guided Response:  Challenge your peers to think about how often the plans should be reviewed and by whom.  Are there health care organizations that are exempt from the planning process for various reasons? Respond to at least two of your classmates’ posts.

I enjoyed reading your post. You have given some valid points when it comes to have a strategic planning process. “Thus, understanding the strategic planning process is a first step in defining and developing financial policy and financial planning.”(Cleverley, W. O., 2011)

Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th

ed). Sudbury, MA: Jones & Bartlett Learning.

Zero-Based Budgeting

Read the Zero-Based Budgeting (Links to an external site.)Links to an external site. PowerPoint presentation.  The Board of Directors of Windsor Memorial Hospital has hired you to be their zero-based budget consultant. Specify how Windsor Memorial Hospital can implement a zero-based budget and provide your recommendations to the Board of Directors of the Hospital. Explain the benefits of implementing your recommendations and justify why you are making these specific recommendations.

Your paper must include an introduction, thesis, and conclusion. Your paper must be four to five double-spaced pages in length (excluding title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center.  Utilize three scholarly and/or peer-reviewed sources (excluding the course text) that were published within the last five years. Cite your sources within the text of your paper and provide complete references for each source used on the reference page.