Assignment: Healthcare Finance
In the field of health care, one thing is for certain: innovation will continue to grow exponentially. "..Most of the innovations that healthcare leaders say they are excited about have less to do with medical advances and more to do with improving how health care is accessed, provided, and paid for in this country" (Phillips, 2015). Understanding how to support and move forward with this growth is essential for a health care manager.
Research and prepare a proposal to address the following health care topic/issue:
• An assisted living center wants to add a fitness studio, staffed by licensed Physical Therapists.
You will need to use a document template for this assignment. Templates may be found by searching Microsoft Word. A few examples include the "Business Plan" and "Project Scope Report" templates. You will need to edit the template headers to be applicable to this assignment, but retain the overall design elements to create a clean, professional-looking document.
Use the following outline within your template. Bolded items should be used as section headings. Additional subcategories may be included:
• Executive Summary
o What is being proposed?
• Proposal Description
o Supporting documentation: basic financials (ex: purchase price, lease or buy options, average reimbursement rates, etc.)
• Market Assessment
o Utilization of the product or service
• Financial & Risk Analysis
o Provide a clear picture of revenues, expenses, profits, etc.
o How will the project be financed?
o What is the expected ROI?
o What is the financial risk? (include how risk is calculated)
• Recommendation
o Is this a viable option?
o How should the entity proceed?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.