submit a draft proposal for Sections II and III.You will provide financial statement analyses, profitability ratios, and ratio analyses to support the capital budget proposal formulated in Milestone Three. You will also use financial calculations to support proposal recommendations and to explain the short- and long-term financial impact for the organization. The format should be a minimum of 2 pages in length. This milestone is graded with the Milestone Four Rubric.
Financial and Budgetary Considerations
Financial Statements: What financial statements will you utilize in making your proposal, and how will you use these statements?
Proposal Impact:What impact will your proposal have on the organization’s financial statements? Articulate the impact using appropriate terminology.
Flexed Versus Fixed: How would your proposal be different if using a flexed budget versus a fixed budget? In other words, how would the use of one type of budget versus the other impact your proposal, and how would your proposal impact the budget? (Evaluate the differences between a fixed and a flexed budget.)
Proposal Justification
Ratio Selection:What ratios will you use to support your proposal and why? Select the ratio or ratios that would be the most appropriate.
Short- and Long-Term Impact: Based on your calculations and financial statement analysis, determine the short-term and long-term impact on the organization and the organization’s financials. What is the short-term and long-term financial impact of your proposal for the organization? How can you plan to strategically mitigate the impact on the financials of the company, or how will your proposal help inform strategic planning in the short and long term?
1
Final Project Milestone Two: Healthcare Organization Selection
Dania Atieh
Southern New Hamphsire University
HCM 400
2
The chosen company for the project milestone is HCA Healthcare. HCA Healthcare is the
preeminent supplier of medical services in both the United States and the United Kingdom. The
company’s goal is to provide first-rate medical treatment founded on the values of acceptance,
compassion, and respect for both patients and coworkers in the organization (hcahealthcare.com,
2023). Nashville was the location in 1968 where the business was first started. It was one of the
earliest hospital corporations in the United States and was established as a direct reaction to the
rising need for more access to medical treatment. The firm’s founders collaborated with medical
professionals in the area (hcahealthcare.com, 2023). In addition to this, they made use of
innovative business techniques and expanded access to money. Innovative techniques were
applied to provide healthcare and new hospitals to sections of the nation that were previously
neglected. HCA Healthcare is now one of the most successful healthcare service companies in
the United States, with operations spanning 21 states and the United Kingdom. As of 2023, the
firm operates more than two thousand care locations around the USA and the UK
(hcahealthcare.com, 2023). Some of the corporate’s operations include surgery facilities and
emergency rooms. In addition to that, the organization operates specialist practices and urgent
hospices.
The organizational values and vision of HCA Healthcare demonstrate the company’s
dedication to protecting and enhancing human life. They give the impression that their clients
come first and appreciate each person’s unique value (hcahealthcare.com, 2023). The company’s
mission statement states the delivery of excellent healthcare that is founded on a bedrock of
inclusiveness, empathy, and regard for clients and those around them. HCA Healthcare’s mission
is to become the preeminent supplier of high-quality medical. The company strives to deliver
care focused on the needs of the patients in the communities it serves (hcahealthcare.com, 2023).
3
In order to realize this goal, the organization strongly emphasizes cultivating a culture that values
inclusiveness, variety, and inventiveness. The organization is also committed to its workforce’s
personal and professional development.
HCA Healthcare is an industry-leading healthcare provider in the United States and the
United Kingdom, and the company provides a comprehensive variety of medical services. It is
well renowned for providing its clients with excellent healthcare services. The company has a
great emphasis on customized treatment that is specifically designed to fit the requirements of
each patient. The company’s activities include inpatient psychiatric hospitals, mental health
centers, and freestanding emergency departments. Also, the corporation provides healthcare
services through urgent care facilities, specialist consultations, and surgical centers. In addition
to providing therapeutic services, HCA Healthcare is dedicated to increasing medical knowledge
via research. The company’s research endeavors are carried out in collaboration with prestigious
institutes, including the CDC. The research activities of HCA Healthcare have resulted in many
medical discoveries and advances, which have revolutionized health outcomes and reshaped the
way healthcare is delivered.
HCA Healthcare’s importance on technological advancement and innovation is one of the
company’s most notable qualities. The firm has made significant investments in researching and
developing innovative technologies and tools (hcahealthcare.com, 2023). Clinicians are now able
to provide more precise evaluations and more therapeutic approaches as a result of technological
advancements. For instance, to aid in diagnosing and treating cancer, the firm uses cutting-edge
imaging technologies such as PET/CT and MRI. In addition to this, it makes use of robotassisted surgery in order to carry out intricate treatments with increased precision and accuracy.
The organization, in addition to providing clinical and research services, is also dedicated to
4
supporting the neighborhoods that it serves. As part of its philanthropic efforts, the corporation
contributes money and time to charitable and non-profit groups in the community.
I have enough information to approach the rest of the final project. HCA Healthcare is a
well-established and reputable company with a strong presence in the healthcare industry. The
company’s mission, values, and operations are well-documented. Besides, ample information is
available to conduct thorough research for the capital budget proposal. The company has
adequate information on the company’s website and the SEC.gov website (sec.gov, 2023). The
link for the HCA healthcare on the SEC.gov website is as follows:
https://www.sec.gov/edgar/browse/?CIK=860730&owner=exclude
The SEC.gov website also has information on the company’s latest financial statement dated 17th
February 2023. The link is as follows:
https://www.sec.gov/ix?doc=/Archives/edgar/data/860730/000095017023003234/hca20221231.htm
Additional information on the company’s mission, vision, nature of operations, countries of
operations, states, employees, and organizational structure can be found on the company’s
website. The link is as follows: https://hcahealthcare.com/
Conclusively, HCA Healthcare has been a leading provider of exceptional healthcare
services for over five decades. The company’s mission is to provide high-quality medical care
based on inclusiveness, empathy, and respect for patients and coworkers. HCA Healthcare’s
dedication to personalized care, technological advancement, and innovation has made it one of
the most respected healthcare providers in the United States and the United Kingdom. HCA
Healthcare’s mission, values, and operations demonstrate its commitment to providing
exceptional healthcare services to patients while fostering a culture of inclusiveness, diversity,
5
and innovation within the organization. The company has made significant investments in
research and development, resulting in medical discoveries and advancements that have
revolutionized health outcomes and reshaped healthcare delivery. The company’s commitment to
philanthropy and community involvement is also noteworthy. HCA Healthcare contributes to
charitable and non-profit organizations in the community as part of its philanthropic efforts. The
company has a strong presence in the healthcare industry, spanning 21 states and the United
Kingdom. Overall, the wealth of information available on the company’s and SEC.gov websites
provides a strong foundation for conducting thorough research for the capital budget proposal.
6
References
hcahealthcare.com. (2023). Our mission and values. HCA Healthcare. Retrieved March 28,
2023, from https://hcahealthcare.com/about/our-mission-and-values.dot
sec.gov. (2023). Edgar Entity Landing Page. Retrieved March 28, 2023, from
https://www.sec.gov/edgar/browse/?CIK=860730&owner=exclude
HCM 400 Milestone Three Guidelines and
Rubric
Submit a draft proposal for Section I, parts C and D (see below). Using
the approved healthcare organization and the information you have
gathered, identify the capital budget item or items that will be used as
the basis for the written capital budget proposal. You should include how
the proposal recommendations reflect the big-picture view of healthcare.
Specifically the following critical elements must be addressed:
1. Introduction
C—-Opportunities: Based on your analysis of the major
forces, impacts, and opportunities provided, consider the
specific organization that you selected. What opportunities
exist for this organization, and how do these opportunities
relate to the big-picture view of healthcare?
D—-Proposal: What is your proposal for addressing identified
issues or improvements within your organization? In other
words, what changes are you trying to incorporate in your
selected organization?
What to Submit
Your paper must be submitted as a Microsoft Word document and
should be a minimum of one page in length with double spacing,
12-point Times New Roman font, one-inch margins, and at least two
sources cited in APA format.
HCM 400 Final Project Guidelines and Rubric
Overview
The final project for this course is the creation of a written proposal.
While healthcare organizations differ greatly, managers in various
departments in organizations must propose changes to processes, the
purchase of new equipment, the addition of employees, and many other
changes to executives and boards to obtain approval. For this course,
you will place yourself in the role of a manager in an organization of your
choice. You are tasked with creating a written proposal that will add
value to an organization and will impact the budget. This may come in
the form of adding updated equipment, changing a process to become
more streamlined, and so on. You will be submitting your proposal to
your instructor, who will be playing the roles of CEO and budgetary
board, for consideration. This assessment will require you to defend your
proposal in terms of the value added and the financial impacts to the
organization, as you would need to in the real world.
You will select your organization using the specific guidance provided in
the Milestone Two Guidelines and Rubric document. You must ensure
that sufficient financial information is available to support your work on
this project. You will confirm with your instructor that the topic or area of
interest of your proposal will allow you to sufficiently answer all of the
questions in the prompt below. You also have the option of selecting your
place of employment, within healthcare, as approved by your instructor.
The project is divided into four 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, Three, Four, and Six. The final project will be submitted in Module
Seven.
In this assignment, you will demonstrate your mastery of the following
course outcomes:
● Articulate key managerial accounting principles in healthcare
using appropriate terminology
● Determine financial impacts in healthcare by analyzing major
forces affecting the delivery of health services
● Utilize financial statements to inform short- and long-term
strategic planning
● Craft high-level proposals that address budgeting consideration
by justifying spending for healthcare services
Prompt
Your proposal report should answer the following prompt: Considering
the major forces in healthcare today, what improvements or changes
would you propose for your selected organization? How would your
proposal add value to the organization, and what impact would your
proposal have in terms of the financial and budgetary considerations?
Specifically the following critical elements must be addressed, but the
proposal that you are creating may require you to address these aspects
in a different order. Please organize your report in the manner that
seems the most logical for your topic.
1. Introduction
1. What are the major forces affecting the delivery of
healthcare today? Discuss these forces and their
corresponding impacts on today’s healthcare environment.
2. Impact of Forces: What healthcare service and delivery
opportunities and challenges exist because of the forces
discussed above? Define the challenges and opportunities
that exist for today’s healthcare leaders.
3. Opportunities: Based on your analysis of the major forces,
impacts, and opportunities provided, consider the specific
organization that you selected. What opportunities exist for
this organization, and how do these opportunities relate to
the big-picture view of healthcare?
4. Proposal: What is your proposal for addressing identified
issues or improvements within your organization? In other
words, what changes are you trying to incorporate in your
selected organization?
2. Financial and Budgetary Considerations
1. Financial Statements: What financial statements will you
utilize in making your proposal, and how will you use these
statements?
2. Proposal Impact: What impact will your proposal have on
the organization’s financial statements? Articulate the
impact using appropriate terminology.
3. Flexed Versus Fixed: How would your proposal be different
if using a flexed budget versus a fixed budget? In other
words, how would the use of one type of budget versus the
other impact your proposal, and how would your proposal
impact the budget? (Evaluate the differences between a
fixed and a flexed budget.)
3. Proposal Justification
1. Ratio Selection: What ratios will you use to support your
proposal and why? Select the ratio or ratios that would be
the most appropriate.
2. Ratio Results: Calculate the selected ratios and articulate
the results using accurate terminology. What do the results
tell you about the viability of your proposal?
3. Short- and Long-Term Impact: Based on your calculations
and financial statement analysis, determine the short-term
and long-term impact on the organization and the
organization’s financials. What is the short-term and
long-term financial impact of your proposal for the
organization? How can you plan to strategically mitigate
the impact on the financials of the company, or how will
your proposal help inform strategic planning in the short
and long term?
4. Closing Statement/ Conclusion
1. Added Value: What value will your proposal add to the
organization? Justify the value or improvement your
proposal will add for the organization, in consideration of
trends in healthcare.
2. Justification of Proposal: How appropriate is your proposal
based on your financial analysis? Justify your proposal
based on the financials and budgetary considerations. If
you feel that your proposal is not appropriate given your
analysis, explain why, with support of your reasoning.
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
