Assignment 11: Final Course Project

Homework11.docx

HA4200D - Healthcare Financial Management

which you serve as the consultant and trainer for the organization where your interview took place

This section should be at least 3 pages in length.

System Improvements and Recommendations

In this section students will make recommendations and give some examples of new financial strategies

using the healthcare organization’s financial information collected during the interview, located online

or other source. The requirements for this section are listed below:

1. Locate online or in the library the following information to serve as training examples in your

consultant and training recommendations:

a. A healthcare organization’s balance sheet.

b. A healthcare organization’s expense and revenue statement that shows at least 2 years.

c. Students May Not use course case studies or scenarios from the course assignments.

2. Including the financial information located from an external source provide your client with the

following recommendations and examples for future use at their organization:

a. Calculation of the organization’s Net Worth.

b. Developing an operating budget using trend analysis and common sizing.

c. Annualizing staffing and calculating FTE’s

i. Use the current staffing for the organization where you conducted your

interviewed as a starting point.

ii. As a recommendation to the client add 2 additional staff and 2 additional shifts

to their current information in order to recommend expansion of their

operations for more revenue development.

d. Capital Equipment purchase payback

i. Choose 1 existing capital equipment item mentioned in your interview and show

the client how to calculate payback for a new equipment purchase.

ii. Include a payback method table from your assignment, but not the financial

figures.

iii. Students may create pretend financial figures for the equipment cost, cost to

operate, and cash flow, but the calculations must be correct in the table.

iv. Students may not use financial numbers, cases or exact figures from the course

assignments or course.

Reference List

Health Care Finance: Basic Tools for Nonfinancial Managers--Vitalsource [email protected]#magicMAN61