Healthcare FinanceHCM640-1403B-01 Applied Managerial Healthcare Finance
Task Name: Phase 4 Individual Project
Deliverable Length: 35 pages
Details:
Weekly tasks or assignments (Individual or Group Projects) will be due by Monday, and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.Key Assignment DraftEstablished in 1987, ABC Community Hospital not-for-profit is an acute care hospital located in an east coast Metropolitan area. With a staff of nearly 200 physicians and specialists, 800 employees and 100 volunteers, they offer a full range of healthcare services. They are accredited by the Joint Commission. The hospital has been profitable for the last 5 years with a profit margin of 3-4%.In March 2012, XYZ Healthcare System, a private, for-profit health care chain, took over management of the 400-bed ABC Community Hospital. In May 2013, officials began to discuss a proposal to build a new wing devoted to a Cancer Center and ancillary services devoted to the treatment of Cancer. The new wing would have 30 acute care beds, four surgical operating rooms, intensive care unit and extensive support services, including physical therapy and Hospice care. All patient rooms would be private. There are no Cancer Centers within a 200 mile radius of the hospital service area.The Board of directors is concerned with taking on the a
dditional debt of the Cancer Center. They have tasked the CFO with developing a financial plan and strategic plan that will outline the impact of the Cancer Center. They want you to address the following areas:
What are the key financial policy targets for which the board is responsible for? List and explain each.
How does the financial planning and strategic planning of the new for-profit status align with the financial and strategic plans of the existing community hospital status?
Explain how management control is used in conjunction with the financial plan. With the takeover, would the ABC Community Hospital CFO need to consult with XYZ Healthcare System executives for the decision making?
A financial plan may be thought of as a bridge between two balance sheets. What are the major categories of assumptions that must be specified to project a future balance sheet, given the current balance sheets from the ABC Community Hospital and now XYZ Healthcare System?
Please submit your assignment.All I need is 3 pages with References preview of the answer
In the construction of the new cancer wing, there are various policy targets which the ABC board should be responsible for. The first target responsibility is the hiring of employees to work in the construction of the center. It is the duty of the board to come with strategies and policies which will ensure that people hired to construct the wing are highly skilledAPA 889 words
$17.00 Purchase Checkout