FINANCIAL MANAGEMENT

Module 4 – Case FINANCIAL MANAGEMENT Assignment Overview You have reached the end of this project. The last section will cover the financial management aspect of your organization/facility. In this module, you will submit your completed comprehensive paper. Case Assignment 1. Community Benefit Spending a. In at least 1 page, identify how your nonprofit organization will spend money helping your community. 2. Balance Sheet (Norwicki, 2018, pp. 51-54) a. Create a hypothetical (realistic) balance sheet for your organization/facility. The balance sheet should cover two years, the current year and the subsequent year. The balance sheet should show a vivid increase in total net assets. i. Explain the entries in your balance sheet. ii. Calculate your Assets for both years. 3. Statement of Operations (Norwicki, 2018, pp. 54-57) a. Create a hypothetical (realistic) statement of operations for your organization/facility. The statement of operations should cover two years, the current year and the subsequent year. i. Calculate the Operating Margin and explain your result. 4. Strategic Planning, Operational Planning, & Budgeting (Norwicki, 2018, pp. 299-326) a. Norwikci (2018) outlined a 22-stage Corporate Planning Process (Exhibit 13.1, pp. 299-300). Review the process outlined and identify how your organization/facility has met/will meet the stages outlined in the following sections: i. Strategic Planning (Stages 1-8) ii. Operational Planning (Stages 9-13) iii. Budgeting (Stages 14-17) 5. Recommendations and Conclusion Final Paper Submission Incorporate all previous feedback and aggregate all chapters into one comprehensive paper, with the following pages, headings (bold font), and subheadings (italic font) as follows: 1. Title page 2. Table of contents 3. Organization/Facility Development a. Health Care Organization/Facility b. Data Gathering & Examination c. Organizational Dynamics and Structure d. Recommendations and Conclusion 4. Health Care Delivery, Information Systems, & Quality Assurance a. Health Care Delivery and Models b. Information Systems c. Quality Assurance d. Recommendations and Conclusion 5. Regulatory Compliance, Health Care Law, and Ethics a. Regulatory Compliance and Health Care Law b. Health Care Ethics c. Recommendations and Conclusion 6. Financial Management a. Community Benefit Spending b. Balance Sheet c. Statement of Operations d. Strategic Planning, Operational Planning, & Budgeting e. Recommendations and Conclusion 7. References 8. Appendices (if applicable) Assignment Expectations 1. Conduct additional research to gather sufficient information to justify/support your analysis. 2. Case papers should be at least 5 pages, not including the title and reference pages. (Final Submission: 20 pages—5 pages per module.) 3. Support your paper with peer-reviewed articles with at least 5 references. (Final Submission: 20 references—5 references per module.) Use the following link for additional information on how to recognize peer-reviewed journals: • Angelo State University Library. (n.d.). Library guides: How to recognize peerreviewed (refereed) journals. Retrieved from https://www.angelo.edu/services/library/h andouts/peerrev.php 4. You may use the following source to assist in formatting your assignment: • Purdue Online Writing Lab. (n.d.). General APA guidelines. Retrieved from https://owl.english.purdue.edu/owl/resour ce/560/01/ 5. For additional information on reliability of sources, review the following source: • Georgetown University Library. (n.d.). Evaluating internet resources. Retrieved from https://www.library.georgetown.edu/tutori als/research-guides/evaluating-internet-content 6. This assignment will be graded based on the content in the rubric. Module 4 – Background FINANCIAL MANAGEMENT Required Reading Chaiyachati, K. H., Qi, M., & Werner, R. M. (2018). Nonprofit hospital community benefit spending based on local sociodemographics. Journal of Health Care for the Poor and Underserved, 29(4), 1259-1268. Retrieved from the Trident Online Library. de Paula Rodríguez Perera, F., & Peiró, M. (2012). Strategic planning in healthcare organizations. Revista Española de Cardiología, 65(8), 749-754. doi: 10.1016/j.rec.2012.04.004. Retrieved from the Trident Online Library. Nowicki, M. (2018). Chapter 3: Financial analysis and management reporting. In Introduction to the financial management of health organizations (7th ed.) Chicago, IL: Health Administration Press. Retrieved from the Trident Online Library. Nowicki, M. (2018). Chapter 13: Strategic and operational planning. In Introduction to the financial management of health organizations (7th ed.) Chicago, IL: Health Administration Press. Retrieved from the Trident Online Library. Nowicki, M. (2018). Chapter 14: Budgeting. In Introduction to the financial management of health organizations (7th ed.) Chicago, IL: Health Administration Press. Retrieved from the Trident Online Library. Singh, S. R., Young, G. J., Loomer, L., & Madison, K. (2018). State-level community benefit regulation and nonprofit hospitals’ provision of community benefits. Journal of Health Politics, Policy & Law, 43(2), 229–267. Retrieved from the Trident Online Library. Optional Reading Fugate, T. (2018). What is community benefit spending and why does it matter for not-for-profit hospitals? Minnesota Nurses Association. Retrieved from https://mnnurses.org/what-is-community-benefitspending-and-why-does-it-matter-for-not-for-profit-hospitals/ Nowicki, M. (2018). Chapter 15: Capital budgeting. In Introduction to the financial management of health organizations (7th ed.) Chicago, IL: Health Administration Press. Retrieved from the Trident Online Library.
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