Question: Complete a research paper where you create a balance sheet, income statement, and statement of cash flows for your healthcare facility. You will also make
Complete a research paper where you create a balance sheet, income statement, and statement of cash flows for your healthcare facility. You will also make capital budgeting and investment decisions, and present long-term financial analysis for the facility. In this analysis, you will evaluate the financial implications of current and future healthcare trends and discuss the future of healthcare financial management in the United States.
The assignment is to find a research paper topic that gives basic background information about a healthcare facility and presents current budget information.
Part one:Decide on a facility to analyze. Come up with a facility name, background, and information about what type of healthcare facility it is. Give a brief description of the facility, including information about its history, its current financial situation, and whether it is for-profit or nonprofit.
Part two: Outline the budget information for the facility for 2018. Include the revenues, costs, and profits (or losses). With this information, present a budget and actual results for the facility with the difference in dollar-terms and percentages based on the actual numbers. Explain the relationships of these. Based on this information, calculate and interpret the revenue, cost, and profit variances for the facility. You are creating this facility, so the budget information is up to you.
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