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In this course project, you will be asked to design an operating budget for a healthcare organization

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In this course project, you will be asked to design an operating budget for a healthcare organization. For a for-profit entity, you can find the financial statements and any additional information on one of the many sites where such information is available, such as Zacks Investment Research, Yahoo Finance, MarketWatch, etc. For example, search the site with HCA Holdings' ticker symbol ("HCA") and then look for the "Financial" tab or section when you come to the site’s HCA Holdings page. For the not-for-profit entity, you can locate a local, regional, or national nonprofit, religious-based healthcare system, and download and review the financial statements.

Project Objectives

To successfully complete this project, you will be expected to:

• Apply fundamental concepts and practices of financial management and accounting to a healthcare organization.
• Analyze financial statements and other reports to evaluate the overall operational and financial stability of a healthcare organization.
• Demonstrate an understanding of how financial indicators are used to make assumptions about future financial performance.
• Demonstrate an understanding of how operational indicators are used to make assumptions about future operational performance.
• Design an operating budget for a healthcare organization.
• Develop recommendations for a healthcare organization that are
• supported by financial and operational analysis and indicators.

The greatest value in a course comes from applying the concepts, theories, and principles explored during class. The operating budget project will be graded according to the criteria below and is worth 30% of your total grade. This project gives you an opportunity to select a healthcare organization with which you are familiar, analyze the operations and design an operating budget for the organization. Then, drawing on the concepts and principles from readings, exercises, current events, and class discussions, develop an operating budget project in which you:

• Introduce the healthcare organization (background):
• Define the operating and financial condition,
• Analyze the organization using financial and operational indicators,
• Search the literature for operational benchmarks of healthcare organizations and do a comparative analysis,
• Offer assumptions,
• Develop an operating budget to address financial and operational conditions; and
• Develop a conclusion