Homework: Healthcare Financial Management Assistance
Submit a research paper topic that gives basic background information about your healthcare facility and presents current budget information. The first part of this homework is to decide which facility that you wish to analyze. Create your own facility name, background, and information about what type of healthcare facility it is. Give a brief description of your facility, including information about its history, its current financial situation, and whether it is for-profit or nonprofit.
Part two of the homework for this unit is to outline the budget information for your facility for 2018. Include the revenues, costs, and profits (or losses). With this information, present a budget and actual results for the facility with the difference in dollar-terms and percentages based on the actual numbers. Explain the relationships of these. Based on this information, calculate and interpret the revenue, cost, and profit variances for the facility. You are creating this facility, so the budget information is up to you. For instance, if you want to concentrate on turning operations around in a struggling facility, that facility might face losses in its 2018 budget.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.