+1 862 207 3288 APA format
12 InText cited references
12 pages (each milestone to be approximately 3 pages)
Use each topic in milestones as a subheading to which there is no confusion as to which topic is being discussed.
MILESTONE 1
Select the organization below (Joslin Diabetes Center) on which to base your final project analysis and proposal. This will be “your” organization for the remainder of the course. After reviewing the information provided for your organization, submit a short paper that:
1 Describes the organization’s financial condition
2 Identifies healthcare trends that are likely to impact the organization
3 Describes the opportunities and challenges those trends might present to thEorganization
4 Explains potential implications for the organization’s mission
Organization: Joslin Diabetes Center (link below)
http://www.joslin.org/index.html
• Consolidated Financial Statements and Supplemental Information – 2013 and 2012
(link below)
http://www.joslin.org/docs/Joslin-Diabetes-Center-Audited-Financial-Statements-FY_2013.pdf
• Consolidated Financial Statements and Supplemental Information – 2012 and 2011 link below)
https://www.joslin.org/docs/Joslin-Diabetes-Center-Audited-Financial-Statements_-_FY2012.pdf
Your paper must be submitted as a two- to three-page document with double spacing, 12-point Times New Roman font, one-inch margins, using APA for citations.
MILESTONE 2
Final Project Milestone Two: Short Paper Guidelines
Prompt: As you discuss your capital budget proposal with your boss, she advises you to identify multiple options for implementing your proposal, and the cost- benefit for each option because the decision-makers might reject your first option. Having viable back-up implementation options with a sound cost-benefit analysis for each will increase the likelihood that your proposal will be accepted and you will win the bonus. Submit a short paper in which you explain: why working capital classification of cost elements, utilization trends, cash flow, and managing the revenue cycle will be important factors to consider when determining the cost-benefit of the options you propose.
Note: You will not have to identify your proposal implementation options until you submit your final project in Module Seven, but you should begin thinking about implementation options now.
Guidelines for Submission: Your paper must be submitted as a two- to three-page document with double spacing, 12-point Times New Roman font, one-inch margins, using APA for citations.
MILESTONE 3
Final Project Milestone Three: Departmental Budget and Outline Guidelines and Rubric
Prompt: Because you have done such a good job with the consulting assignments, your boss has asked you to lead the development of the department’s annual budget. She has also offered to review an outline of your capital budget proposal before you submit it for consideration by the decision makers. There are two parts to this assignment:
Part One: Departmental Budget
As part of your capital budget proposal, you will need to apply the cost of your capital budget item, and all associated costs, to a specific department within the organization. You will also need to account for any additional revenue that may be generated as a result of purchasing your capital budget item. In order to accomplish this step, follow the instructions on the Departmental Budget Template, (SENT IN SEPARATE EMAIL), Assume the capital budget proposal is approved and create a projected departmental budget for next year. The template contains the current year’s budget so you can use that as a starting point. Be sure to account for all of the costs associated with your proposal, including the potential hiring of new staff, training, IT, or any other related costs. In addition, account for the potential revenue generated as a result of implementing this capital budget item.
Part Two: Proposal Outline
With the goal of submitting a proposal that will help your organization and win that $2,500 bonus, submit a 1–3 page outline of your final project presentation that identifies the key points you will use to address critical elements of the final project. In other milestones, you have already created (or will create) a draft of, and received feedback on, some of the critical elements for your final project. Therefore, your outline only needs to address the critical elements listed in the rubric below. Your outline should incorporate, where applicable, the knowledge, concepts, and principles that you have learned in Modules One through Five. Compare this assignment to the Final Project Rubric to see how it will serve as a first draft for part of your final project.
Guidelines for Submission: Your departmental budget and proposal outline must be submitted as a single document. It should be 1–3 pages in length with double spacing, 12-point Times New Roman font, one-inch margins, and citations in APA style where applicable.
MILESTONE 4
Milestone Four Short Paper Guidelines and Rubric
Prompt: Your boss has strongly recommended that you identify options for implementing your capital proposal. Wanting to submit a successful proposal and earn the $2,500 bonus, you plan to do just that. For Milestone Two you explained why working capital, classification of cost elements, utilization trends, cash flow, and managing the revenue cycle would be important factors to consider when determining the cost-benefit of the options you propose. For Milestone Four, research the options for implementing your capital budget item(s) and submit a short paper identifying the capital item(s) you are proposing, describing:
• The implementation options of each item
• The cost-benefit of each item
• The information and/or research on which you based the costs
• The basis for your estimate of each item’s benefits
• The sources for your information and/or research
When discussing the benefits, indicate whether your proposal will affect each of the key healthcare operating indicators and why the proposal will or will not have that affect.
Requirements of submission:
Your paper must be submitted as a two- to three-page document with double spacing, 12-point Times New Roman font, one-inch margins, using APA for citations.
TO REVIEW THIS IS A PROJECT CONSISTING OF 4 MILESTONES. FOLLOWING IS A COMPLETE LIST OF SUBHEADLINES THAT MUST TO USED TO EASILY IDENTIFY THE TOPICS.
I. Introduction
a) Financial Condition: Describe the overall financial condition of the organization based on financial statements and explain your reasoning.
b) Healthcare Trends: Describe what current healthcare trends influenced your proposal. Could any of these trends impact the organization
financially?
c) Proposal Items: List your proposal items and indicate how each one is linked to the organizational mission, vision, and values. You might need to
infer the vision or values based on the information provided in the organization’s annual reports, website, etc.
d) Organizational Strategic Goals: How will your proposal further the strategic goals of your department and/or organization as a whole? You
might need to infer the strategic goals based on the information provided in the organization’s annual reports, website, etc.
II. Proposal
a) Options: What options are available for each item in your budget proposal? You will want to have various options ready that will meet your
needs because one option may not be approved by your supervisor or board, but another option may better fit their needs.
b) Financial Research: Describe the cost-benefit of each option based on relevant information and research. Information and research can include
research on the items or vendors, organizational numbers, price quotes, and more. Be sure to provide relevant documentation in an appendix or reference slide (e.g., sources for the cost of the items in your proposal, company resources, and financial calculations) to show the depth of your research and the various options available.
c) Organizational Resources: Identify what resources would be needed to implement one of the options in your proposal (e.g., support from information technology, accounting, janitorial, volunteers).
d) Communication: What method of communication would be used to notify departments across the organization and what methods would be used throughout proposal implementation? Justify the appropriateness of your suggestions.
III. Budget
a) Statements: What statements were utilized for formulating your proposal? Why? Select the appropriate statements for analysis and defend
your choices.
b) Expenses: What major expenses are associated with your proposal items and what budgetary accounts are impacted?
c) Reasoning: Based on the previous year’s budget data, why did you select these budget items for adjustment over other options?
d) Ratios: Research the various ratio options (including ROI) used for reviewing financial statements. Determine what ratios you will use for your
proposal items and explain why.
e) Ratio Calculations: Using budget statements, formulate calculations that support each recommendation.
f) Projected Departmental Budget: Create a projected departmental budget for the upcoming year that incorporates the costs of the proposed
changes.
IV. Impacts and Justification
a) Short-Term Impact: What short-term impact will this request have on the overall financial statements used for decision making and on financial
planning?
b) Long-Term Impact: What long-term impact will this request have on the overall financial statements used for decision making and on financial
planning?
c) Cost-Benefit: What is the percentage increase in financial need? How does this balance with the potential value added by your requests? What
is the cost-benefit of these requests?
d) Strategic Planning: Provide an explanation for each budget request in your proposal, taking into consideration strategic plans. How do your
budget requests show strategic planning and forethought?
e) Conflicts: Describe the strategic impact and any potential ways in which your recommendations might conflict with the overall strategic vision.
Milestone One: Major Trends
In Module Two, you will submit a short paper analyzing the potential impact of healthcare trends on the finances and mission of healthcare organizations.
Milestone Two: Cost-Benefit Factors
In Module Four, you will submit a short paper explaining why working capital, classification of cost elements, utilization trends, cash flow, and managing the revenue cycle are important factors to consider when determining cost-benefit.
Milestone Three: Departmental Budget and Presentation Outline
In Module Five, you will create a budget for a healthcare department and outline your capital proposal presentation.
Milestone Four: Implementation Options and Cost-Benefit
In Module Six, you will submit a short paper describing options for implementing your capital budget item(s), their cost-benefit, and their anticipated impact on key healthcare operating indicators.
