Final Project Submission: Capital Budget Proposal Presentation and Projected Departmental Budget

The final project for this course is the creation of a capital budget proposal in which you will analyze a specific healthcare organization, identify areas of need
and/or improvement within the organization, research various options to address these needs, and create a presentation in which you propose your options to
decision makers. This will require close analysis of historical budgetary information for the organization, research regarding healthcare trends, and careful
alignment of your proposal to the organization’s mission, vision, and values. The final product represents an authentic demonstration of competency because,
while healthcare organizations differ greatly, managers in various departments in various organizations must present changes to processes, the purchase of new
equipment, the addition of employees, and many other changes to executives and boards to obtain approval. A specific example of the necessary presentations
department managers often perform is a capital budget proposal, whereby managers identify the various needs or areas of improvement in their department
and prepare proposals for decision makers.
In addition to the analysis and presentation needs discussed, this assessment will provide you with the opportunity to apply the financial budgetary knowledge
you have gained throughout this course to a healthcare organization, as you would in the real world. While you will not be building the organization’s entire
budget yourself, you will be discussing how your proposal impacts the current budget and what impact your proposal will have on future financial statements if
implemented through the creation of a projected departmental budget that implements your proposal in the upcoming year.
To complete this project, you will utilize one of two provided case studies, which will include the financial statements and information necessary for you to
analyze while preparing your budget request. Your final submission will be a presentation (either PowerPoint or an equivalent tool) with speaker notes, along
with a projected departmental budget for the next year. You will not have to record your presentation.
The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final
submissions. These milestones will be submitted in Modules Two, Five, and Six. The final product will be submitted in Module Seven.
In this assignment, you will demonstrate your mastery of the following course outcomes:
 Analyze healthcare trends to inform effective decision making and financial planning within healthcare management
 Integrate effective communication and leadership principles into financial proposal presentations
 Articulate the purpose and importance of financial statements and principles for healthcare decision making
 Create realistic departmental budgets based on financial statements, healthcare trends, and strategic plans
 Create proposals that incorporate missions, visions, and values and align to strategic plans
Prompt
Your capital budget proposal presentation should use 12–20 PowerPoint slides (or similar presentation software) to answer the following prompt and it should
include an accompanying projected departmental budget: Select one of the following two organizations and accompanying financial information to create a
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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.