Description
For your Final Project, you will create a capital investment plan proposal utilizing the health care business you selected in Week One as well as the answers to the Basic Information questions. Refer to the websites for Sample Business Plans. Create a capital investment plan proposal for your health care company that includes the following sections:
- Executive Summary: This section is a concise, one- to two-page/slide summary of a business report. It restates the purpose of the report, highlights the major points of the report, and describes any results, conclusions, or recommendations from the report.
- Service and/or Equipment Description: This section should be at least one page/slide. Describe the service or equipment suggested in the business proposal and the reasons why this is socially and politically beneficial for the community in meeting consumer demands.
- Establishing the Team: This section should be at least one page/slide and include a chart that illustrates the structure of the capital investment team. In addition, provide a summary of your team (background, responsibilities, etc.).
- Key Strategic Goals: This section should be at least one page and include specific funding sources for the capital investment.
- Financial Analysis: Projected income statement and types of assumptions made to compute the figures.
- Typical income statement assumption information requirements. Initial investment
- What types of revenue will be generated from the capital investment? Will insurance reimburse? If so, discuss the impact of the various reimbursements (e.g., Medicare, Medicaid, private, or self-pay).
- How many services will be offered to produce the revenue (by month)? Look at patient days.
- How much labor will be required (FTEs)?
- What will the labor cost?
- How many (and what types of) supplies and/or devices will be required to offer the service?
- What will the supplies, drugs, and/or devices cost?
- How much space will be required? Are renovation costs involved?
- What will the required space occupancy cost?
- What is the life of the equipment (if applicable) and the cost of maintaining the equipment?
- Cash flows:
- Payback period
- Internal rate of return
- Assume discount rate of 8% and 6% respectively for comparison purposes.
Submit your proposal using a presentation tool such as PowerPoint. Your Capital Investment Plan Proposal should include a title page/slide and table of contents (section names and page numbers). In addition, include detailed speaker notes that are grammatically correct. You may also submit a written report to go along with your presentation, but you should still include detailed speaker notes.
Completing the Final Project
The Final Project:- Must be 8 to 10 double-spaced pages/slides in length, and formatted according to APA style as outlined in the Ashford Writing Center.
- Must include a title page/slide with the following:
- Title of project
- Student’s name
- Course name and number
- Instructor’s name
- Date submitted
- Must begin with a succinct thesis statement.
- Must address the topic of the project with critical thought.
- Must end with a conclusion that reaffirms your thesis.
- Must use at least four scholarly sources that are cited according to APA format
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Explanation & Answer
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Running head: HEALTH CARE FINANCE
Health Care Finance
Name of Student
Course Name and Number
Instructor:
Month Day, 2017
1
HEALTH CARE FINANCE
2
Executive Summary
Health is a primary key to a thriving and productive nation without mentioning the fact
that is the core requirement for every individual. The military hospital also nee proper facilities,
equipment, and other resources to enable it to execute the essential services needed for the
military personnel who require appropriate treatments and healthcare. This capital investment
plan proposal will be meant to seek financial assistance from the prospective investors who will
assist in raising equity capital needed to begin and continue with the production of efficient
products and services in the military hospital.
Capital investment in the army hospital will be aimed at enhancing the hospital revenue
to enable the facility to run on the least government reliance which has always been coupled with
a lot of delays and termed as unreliable. The capital investment would also facilitate better
medical services to the various individuals enrolled in the military facility. The capital
investment plan will describe the description of equipment or service suggested in the business
proposal and the various reasons why it is a socially and politically beneficial for the community
in meeting consumer needs in the military facility. Besides, the organizational structure, the
workflow chart, and the team establishment will be used define how the resources will be
managed through various managerial and departmental levels in the military hospital. Typically,
the proposal will entail a simple structure of capital investment team who will be responsible for
the decision-making process. Similarly, the various responsibilities and background of the capital
investment team will be defined in the capital proposal. The key strategic objectives or goals in
the capital investment plan will entail the specific funding sources for the capital investment in
the military facility. The various financial projections will be represented by the several financial
HEALTH CARE FINANCE
3
analysis that will show the estimated income statement and the several types of assumptions
made in the computations of the figures.
The finance and money topic is also critical in health since multiple facilities in health
and labor are needed to provide high-level health services. Effective financial planning and
implementation in hospitals or health centers are essential because it is what determines the
efficiency and effectiveness in the provision of medical services. The top management of
military health facilities or hospitals have the biggest responsibilities in ensuring that there are
effective financial planning and implementation to enable both the inpatient and outpatient to get
quality health care.
Equipment description.
The military hospitals are in the process of transforming the core system in the hospital
operation, and it is meant to assist in the management of the organization of the health facility.
The new system will help in enhancing efficiency and ensuring that there is increased
competitiveness in the health center. The new regime will make sure that there is adequate
coordination in different department or section and there are management and control of the
patients’ records including information to enhance confidentiality in the provision of health care
services. The service description in the medical environment will ensure that the systems are
updated to assist in the time saving and taking care of patients within the shortest time possible.
The decisions on the implementations are made after the identification of the critical
success factors needed in the application process. The new system will also en...