Budgeting and Financial Management in Healthcare Organizations 1

Budgeting and Financial Management in Healthcare Organizations

Order ID	53563633773
Type	Essay
Writer Level	Masters
Style	APA
Sources/References	4
Perfect Number of Pages to Order	5-10 Pages

Description/Paper Instructions

Budgeting and Financial Management in Healthcare Organizations

It is designed to familiarize you with the real-world practices of budgeting and financial management in healthcare organizations and demonstrate your ability to analyze a budget/financial statement using excel spreadsheets. It will require the application of the skills and concepts you have learned during the semester including a review of the pertinent literature. It will include a written and oral presentation component, including PowerPoint slides to be presented on the last day of class. This paper should be approximately 18-20 pages in length. A reference page will be required based on the APA reference style (times new roman, 12 point font, 1 inch margins) and include a cover page, table of contents and bibliography (not counted in the page limit). References must extend beyond web-based sources to include class readings and peer reviewed journals. You must have AT LEAST 10 references. (5 of which must be peer-reviewed).

Can be a hospital, nonprofit, healthcare provider, health insurance, etc.

Suggested steps for conducting the project are described below:

– Identify a healthcare organization that you are most interested in

– Conduct a thorough literature review of budgeting, accounting, and/or financial management practices for the organization (e.g. hospital, clinic, etc.) you have selected to investigate.

– Examine at least two or three past budgets and/or annual financial reports for your chosen entity to get a sense of its finances and budgeting/financial management practices.

– Choose some particular topics that are worthy of more attention. For example, the condition of the economy might have affected funding levels and/or budgeting practices for particular revenues, programs, and services provided.

– Develop at least five (5) analytical techniques (provided by a professor) you have learned this semester for budgets and financial analysis. Use of excel spreadsheet for analysis, present value, forecasting, etc. must be incorporated. `You may also use charts and tables.

The final report should be no more than 20 double spaced pages (times new roman, 12 point font, 1 inch margins) and include a detailed bibliography (not counted in the page limit). Be sure to properly cite all referenced materials. The final report should include all of the following and be structured as follows:

a. Cover Page

b. Table of contents

c. Abstract (No more than 300 words)

d. Introduction and background information for the chosen entity

• Problem that you are looking at; • State purpose of your paper

e. Literature review

f. Budget/Financial Analysis

• Include a basic description of your budget.

• What accounts for the major sources of revenue and expenses?

• Use at least 5 analytical techniques you will learn this semester for analysis (provided by professor)

• Use of excel spreadsheets for analysis, present value, forecasting etc. must be incorporated. You may also use charts and tables.

g. Conclusion

h. References (not included in page limit)

I.  Appendix (not included in page limit)

• Any necessary supporting documents from the actual budget(s) that you have examined

An example of the paper will be available. Excel spreadsheets should be within the report and the Powerpoint (15 mins worth) reflecting the paper and results from the budget.

With the Excel spreadsheet:

Sheet 1= Ratio Analysis

Sheet 2= Forecasting

Sheet 3= Time Value of $

Sheet 4= Cost-benefit analysis

Sheet 5= Bond Valuation

Budgeting and Financial Management in Healthcare Organizations

RUBRIC QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points:  Student failed to submit the final paper. 20 points out of 50:  The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50:  The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately.  Elements of the required response may also be lacking. 40 points out of 50:  The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples.  The answer is complete. 50 points:  The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples.  No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points:  Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points:  Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points:  References to scholarly sources are occasionally given; many statements seem unsubstantiated.  Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points:  Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented.  APA 6th Edition is used with only a few minor errors.  There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points:  Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented.  APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points:  Student failed to submit the final paper. 5 points out of 20:  The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors  10 points out 20:  The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20:  The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points:  The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points:  Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements.  The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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