Assignment:
Required Resources:
Required Text
Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed). Sudbury, MA: Jones & Bartlett Learning.
Chapter : Capital Project Analysis
This chapter focuses on capital investment decision process including who should be involved, four stages of the decision process and information needed for decision making. The concepts of NPV, discount rate and weighted average cost of capital are examined.
Chapter : Consolidations and Mergers
This chapter discusses the basic theories in the field of consolidations, mergers and acquisitions. The common methods for valuation of a potential target firm are also explained.
Chapter : Capital Formation
This chapter focuses on the differences between debt and equity financing. The factors that influence the desirability of alternative sources of financing are also examined.
Chapter : Working Capital and Cash Management
This chapter focuses on the concepts of cash management and working capital. The activities covered in the cash budget affecting working capital are examined.
Chapter : Developing the Cash Budget
This chapter discusses the importance of cash budget and focuses on how to prepare a cash budget.
Recommended Resources
Article: Prepare a cash budget
This article uses examples to demonstrate the process of preparing a cash budget.
Textbook Powerpoint Presentations
Chapter :Capital Project AnalysisPreview the document
Chapter :Consolidations and MergersPreview the document
Chapter :Capital FormationPreview the document
Chapter :Working Capital and Cash ManagementPreview the document
Chapter :Developing the Cash BudgetPreview the document
HFMA PowerPoint Presentation DisbursementsPreview the document
HFMA PowerPoint Presentation Contract ManagementPreview the document
PAPER
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 new medical group. The group has asked you to prepare a report on whether it should build a facility within 30 miles of the downtown center of a city with a population of 500,000 for $100 million dollars. Prepare a report for the management team of the doctor's group on your proposed $100 million expenditure plan. In your report, reflect on the key course objectives as well as the financial, legal, and alternative health care models. In addition, reinforce your knowledge of strategic planning and capital budgeting by using an electronic spreadsheet to display the financials.
Option Two: You are a chief operating officer at a for-profit insurance company. A board of directors has requested that you prepare a summary of the issues involved with a potential 40% reduction in U. S. medical insurance reimbursement. Prepare a report for the board of directors on how to address the proposed funding cuts while remaining sensitive to the needs and health of the community and your patients. In your report, reflect on the key course objectives as well as the financial, legal, and alternative health care models. In addition, reinforce your knowledge of strategic planning and capital budgeting. by using an electronic spreadsheet to display the financials.
Option Three: You are a chief administrative officer for a large nonprofit health relief organization. A board of directors has requested that you prepare a summary of the issues and how to solve the health needs of an African country. Your organization has limited funding and will need to obtain subsidized medicine from major pharmaceutical companies. Your organization also has the opportunity to get non-generic, non-USDA approved, alternative stem cell derived medication from foreign sources. Prepare a report for the board of directors on how to address the proposed funding limitations while remaining sensitive to the needs and health of the African nation. Consider the various economic, political, moral, and health impacts for the United States citizens who may have some of the health medication diverted to the African nation. In your report, reflect on the key course objectives as well as the financial, legal, and alternative health care models. In addition, reinforce your knowledge of strategic planning and capital budgeting by using an electronic spreadsheet to display the financials.
Option Four: You are a public official elected at the local city level who serves a population of 50,000 to 250,000 people. A budget of 10 million dollars has been allocated to you by the city manager, and you can get up to 100% of this amount in matching federal funds if you meet the federal standards. You have been asked by the mayor to determine how to allocate the budget to best support the needs of the city. These could include, but not be limited to, supporting capital requirements, operational requirements, and subsidizing nonprofit organizations or using economic incentives to bring new private concerns into the city. Prepare a report for the mayor and city council on your proposed expenditure plan. In your report, reflect on the key course objectives as well as the financial, legal, and alternative health care models. In addition, reinforce your knowledge of strategic planning and capital budgeting by using an electronic spreadsheet to display the financials.
The Final Paper:
Must be 8 to 10 double-spaced pages in length (excluding title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center.
Must include an introductory paragraph with a succinct thesis statement.
Must address the topic of the paper with critical thought.
Must end with a restatement of the thesis and a concluding paragraph.
Must use eight scholarly and /or peer-reviewed sources, including five from the Ashford University Library.
Must document all sources in APA style as outlined in the Ashford Writing Center.
Must include a separate reference page that is formatted according to APA style as outlined in the Ashford Writing Center