Health Budget Request Workbook: Step-by-Step Guide
NURS 6211: Finance and Economics in Healthcare Delivery
Healthcare Budget Request Workbook: Step-by-Step Guide
Healthcare Budget Request Workbook: Step-by-Step Guide
COURSE
Table of Contents
Introduction
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Section 1:
Spreadsheet Orientation (optional) . . . . . . . . . . . .
3
Section 2:
Assignment 1: Spreadsheet Fundamentals . . . . . .
11
Section 3:
Assignment 2: Healthcare Budget Request and Workbook Template . . . . . . . . . . . . . . . . . . . . . . . .
13
Section 4:
Assignment 3: Healthcare Budget Request – Estimating Expenses . . . . . . . . . . . . . . . . . . . . . . .
15
Section 5:
Assignment 4: Healthcare Budget Request – Budget Development . . . . . . . . . . . . . . . . . . . . . . .
17
Section 6:
Assignment 5: Healthcare Budget Request – Ratio Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
Section 7:
Assignment 6: Final Healthcare Budget Request . .
27
As is the case with any organization, healthcare organizations establish strategic goals in support of their vision and mission. In turn, initiatives are pursued in hopes of achieving goals.
Introduction
In a perfect world, every initiative that the organization values would be pursued. But healthcare organizations have limited resources. Hence decisions must be made about which initiatives to pursue. Such decisions are typically based on several factors, including:
· the perceived value of the initiative
· how strongly the initiatives support organizational missions and goals
· potential for return on investment
· resources required.
Nurse leaders and others who drive the pursuit of these initiatives need to be sensitive to these factors. Value, support of objectives, and return on investment are usually communicated by developing a business case for the initiative. The need for resources is typically communicated by developing a formal budget request.
A budget request is a formal document that most organizations require from those seeking resources (funding) for various projects and initiatives. When successful, a budget request results in the initiative being included as part of the organization’s budget; a planning tool that allocates resources (such as money or personnel) to the activities and capital needed to support the pursuit of strategies for a given time period (typically a year).
Throughout this course you will work on the development of a budget request for a healthcare product or service you propose to the leadership of your organization. As you do so, you will consider your audience for that request, financial and other resources you will need to launch the initiative, and other factors. You will utilize spreadsheets to help you analyze the financial impact, and you will develop a business case to advocate for your proposal to the leadership of your organiz ...
Sheet1BudgetedActual VarianceRevenuesSurgical volume $ 2,300.00$ 2,600.00$ 300.00Gift shop $ 18,000.00$ 19,000.00$ 1,000.00Surgery $ 589,500.00$ 852,750.00$ 263,250.00Parking $ 17,000.00$ 19,000.00$ 2,000.00Total$ 626,800.00$ 893,350.00$ 266,550.00ExpensesPatient days $ 26,000.00$ 25,000.00$ 1,000.00Pharmacy$ 119,000.00$ 158,000.00$ (39,000.00)Misc. Supplies$ 68,000.00$ 795,600.00$ (727,600.00)Fixed Overheads$ 832,000.00$ 890,000.00$ (58,000.00)Total$ 1,045,000.00$ 1,868,600.00$ (823,600.00)
Health Budget Request Workbook: Step-by-Step Guide
NURS 6211: Finance and Economics in Healthcare
Healthcare Budget Request Workbook: Step-by-Step Guide
Healthcare Budget Request Workbook: Step-by-Step Guide
COURSE
Table of Contents
Introduction
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Section 1:
Spreadsheet Orientation (optional) . . . . . . . . . . . .
3
Section 2:
Assignment 1: Spreadsheet Fundamentals . . . . . .
11
Section 3:
Assignment 2: Healthcare Budget Request and Workbook Template . . . . . . . . . . . . . . . . . . . . . . . .
13
Section 4:
Assignment 3: Healthcare Budget Request – Estimating Expenses . . . . . . . . . . . . . . . . . . . . . . .
15
Section 5:
Assignment 4: Healthcare Budget Request – Budget Development . . . . . . . . . . . . . . . . . . . . . . .
17
Section 6:
Assignment 5: Healthcare Budget Request – Ratio Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
Section 7:
Assignment 6: Final Healthcare Budget Request . .
27
As is the case with any organization, healthcare organizations establish strategic goals in support of their vision and mission. In turn, initiatives are pursued in hopes of achieving goals.
Introduction
In a perfect world, every initiative that the organization values would be pursued. But healthcare organizations have limited resources. Hence decisions must be made about which initiatives to pursue. Such decisions are typically based on several factors, including:
· the perceived value of the initiative
· how strongly the initiatives support organizational missions and goals
· potential for return on investment
· resources required.
Nurse leaders and others who drive the pursuit of these initiatives need to be sensitive to these factors. Value, support of objectives, and return on investment are usually communicated by developing a business case for the initiative. The need for resources is typically communicated by developing a formal budget request.
A budget request is a formal document that most organizations require from those seeking resources (funding) for various projects and initiatives. When successful, a budget request results in the initiative being included as part of the organization’s budget; a planning tool that allocates resources (such as money or personnel) to the activities and capital needed to support the pursu ...
1. A spreadsheet was created to calculate grades and averages for 3 students. Formulas were used to calculate the average score and assign a letter grade for each student based on their subject scores.
2. Functions like SUM, AVERAGE, IF were used to automate calculations and assignments.
3. The spreadsheet automated grading tasks and generated an individual grade report for each student.
This document summarizes an Excel training session that covered various Excel topics including basics, formulas, charts, printing, and mail merges. The training was led by three organizers and included an overview of Excel components and functions, hands-on exercises to create a shopping list and chart, and demonstrations of how to print worksheets, insert formulas, and use mail merges to generate reports and send emails. Additional topics discussed how Pearl and Microsoft Access relate to accessing and analyzing organizational data stored in the database.
This document provides an overview of advanced Excel skills and features. It begins by introducing pivot tables, which allow users to summarize and analyze large datasets. It then discusses various job roles that require advanced Excel skills, such as finance, HR, and analytics. Finally, it outlines the types of companies that employ advanced Excel users and the skills needed, such as automating tasks and using complex formulas.
WK8_A2 OverviewAssignment 2 Excelling with ExcelDue Week 8 an.docxambersalomon88660
WK8_A2 Overview
Assignment 2: Excelling with Excel
Due Week 8 and worth 175 points
Overview
Microsoft Excel is a great tool for presenting, organizing, and calculating data. It can be used to create budgets, track your weekly spending, or create detailed plans. This assignment will give you an opportunity to crunch the numbers on your most recent school supply purchases.
Assignment Requirement:
To successfully complete this assignment, submit this (1) Microsoft Excel sheet that includes the following information and formatting.
Steps:
1. Complete the steps listed in the "WK8_A2_Instructions" sheet.
2. Save your document with the following name – CIS105_Assignment2_FirstName_Last Name.xlsx
3. Submit your assignment in Week 8.
Recommended TestOut Desktop Pro Skills Labs to review prior to completing this assignment are:
3.2.4 Skills Lab: Create and Manage Workbooks
3.3.5 Skills Lab: Organize and Enter Data
3.5.6 Skills Lab: Format Cells
3.6.4 Skills Lab: Enter Simple Formulas
3.8.4 Skills Lab: Analyze Data in Charts
Recommended Lynda.com Videos to Watch
Microsoft Excel 2013
Lynda.com Video: Excel 2013 Essential Training
URL: https://www.lynda.com/Excel-tutorials/Excel-2013-Essential-Training/116478-2.html
Microsoft Excel 2016
Lynda.com Video: Excel 2016 Essential Training
URL: https://www.lynda.com/Excel-tutorials/Excel-2016-Essential-Training/376985-2.html
Excel for Mac 2011
Lynda.com Video: Excel for Mac 2011 Essential Training
URL: https://www.lynda.com/Excel-2011-for-mac-tutorials/essential-training/71210-2.html
Excel for Mac 2016
Lynda.com Video: Excel for Mac 2016 Essential Training
URL: https://www.lynda.com/Excel-tutorials/Excel-Mac-2016-Essential-Training/159244-2.html
WK8_A2_Instructions
Instructions for Saving a File
You will be using this file to complete this assignment, so remember to save your changes as you go along.
Hint: When saving this workbook for the first time, Microsoft Excel saves the document in a default location. To save the document in a different location, click another folder or location in the Save As dialog box.
1. Click File, and then click Save As.
2. Save using the file name - CIS105_Assignment2_FirstName_Last Name_Date.xlsx.
3. Click Save.
Instructions to Complete Week 8 Assignment 2
Use this workbook to write down and calculate the costs of the school materials you purchased for this quarter. Consider the following materials you needed for your course work (i.e., use the stated amounts below regardless of the actual items / costs you may have purchased / paid):
First, in the Title Page worksheet, enter the following information.
Type your name in cell B1.
Type in the course section you are in cell B2. (For example: CIS105111)
Type your professor’s name in cell B3.
Type the title of the assignment in cell B4. (The title is “Excelling with Excel”)
Rename the worksheet to "Overview."
Change the font type for this information to Century Gothic.
Change the .
This document provides an introduction to using Microsoft Excel for an accounting course. It explains basic spreadsheet concepts and Excel features such as cells, columns, rows, formatting, entering data, altering cell sizes, inserting/deleting rows and columns, and using cut, copy and paste. Students are instructed to create a proper spreadsheet for accounting purposes based on a provided guide.
The document provides examples of how Excel can be used for various business applications including tracking stock movements with pivot tables, shipment planning forecasts, merging data using Vlookup, creating forms for surveys, performance tracking using conditional formatting, finding breakeven points using Goal Seek, identifying blank rows with conditional formatting, extracting data from accounting systems using pivot tables and queries, ranking with ranking formulas, and tracking forecasted sales updates with conditional formatting or the highlight changes function.
This document provides instructions on how to use Microsoft Excel. It describes the basics of Excel including the elements of the application interface like ribbons, tabs, cells, rows and columns. It explains how to create and open workbooks and worksheets, navigate within a workbook, enter and format data, insert and delete cells and rows, use cut, copy and paste functions, and more. The document is intended to explain the key concepts and procedures for using Excel spreadsheets.
Sheet1BudgetedActual VarianceRevenuesSurgical volume $ 2,300.00$ 2,600.00$ 300.00Gift shop $ 18,000.00$ 19,000.00$ 1,000.00Surgery $ 589,500.00$ 852,750.00$ 263,250.00Parking $ 17,000.00$ 19,000.00$ 2,000.00Total$ 626,800.00$ 893,350.00$ 266,550.00ExpensesPatient days $ 26,000.00$ 25,000.00$ 1,000.00Pharmacy$ 119,000.00$ 158,000.00$ (39,000.00)Misc. Supplies$ 68,000.00$ 795,600.00$ (727,600.00)Fixed Overheads$ 832,000.00$ 890,000.00$ (58,000.00)Total$ 1,045,000.00$ 1,868,600.00$ (823,600.00)
Health Budget Request Workbook: Step-by-Step Guide
NURS 6211: Finance and Economics in Healthcare
Healthcare Budget Request Workbook: Step-by-Step Guide
Healthcare Budget Request Workbook: Step-by-Step Guide
COURSE
Table of Contents
Introduction
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Section 1:
Spreadsheet Orientation (optional) . . . . . . . . . . . .
3
Section 2:
Assignment 1: Spreadsheet Fundamentals . . . . . .
11
Section 3:
Assignment 2: Healthcare Budget Request and Workbook Template . . . . . . . . . . . . . . . . . . . . . . . .
13
Section 4:
Assignment 3: Healthcare Budget Request – Estimating Expenses . . . . . . . . . . . . . . . . . . . . . . .
15
Section 5:
Assignment 4: Healthcare Budget Request – Budget Development . . . . . . . . . . . . . . . . . . . . . . .
17
Section 6:
Assignment 5: Healthcare Budget Request – Ratio Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
Section 7:
Assignment 6: Final Healthcare Budget Request . .
27
As is the case with any organization, healthcare organizations establish strategic goals in support of their vision and mission. In turn, initiatives are pursued in hopes of achieving goals.
Introduction
In a perfect world, every initiative that the organization values would be pursued. But healthcare organizations have limited resources. Hence decisions must be made about which initiatives to pursue. Such decisions are typically based on several factors, including:
· the perceived value of the initiative
· how strongly the initiatives support organizational missions and goals
· potential for return on investment
· resources required.
Nurse leaders and others who drive the pursuit of these initiatives need to be sensitive to these factors. Value, support of objectives, and return on investment are usually communicated by developing a business case for the initiative. The need for resources is typically communicated by developing a formal budget request.
A budget request is a formal document that most organizations require from those seeking resources (funding) for various projects and initiatives. When successful, a budget request results in the initiative being included as part of the organization’s budget; a planning tool that allocates resources (such as money or personnel) to the activities and capital needed to support the pursu ...
1. A spreadsheet was created to calculate grades and averages for 3 students. Formulas were used to calculate the average score and assign a letter grade for each student based on their subject scores.
2. Functions like SUM, AVERAGE, IF were used to automate calculations and assignments.
3. The spreadsheet automated grading tasks and generated an individual grade report for each student.
This document summarizes an Excel training session that covered various Excel topics including basics, formulas, charts, printing, and mail merges. The training was led by three organizers and included an overview of Excel components and functions, hands-on exercises to create a shopping list and chart, and demonstrations of how to print worksheets, insert formulas, and use mail merges to generate reports and send emails. Additional topics discussed how Pearl and Microsoft Access relate to accessing and analyzing organizational data stored in the database.
This document provides an overview of advanced Excel skills and features. It begins by introducing pivot tables, which allow users to summarize and analyze large datasets. It then discusses various job roles that require advanced Excel skills, such as finance, HR, and analytics. Finally, it outlines the types of companies that employ advanced Excel users and the skills needed, such as automating tasks and using complex formulas.
WK8_A2 OverviewAssignment 2 Excelling with ExcelDue Week 8 an.docxambersalomon88660
WK8_A2 Overview
Assignment 2: Excelling with Excel
Due Week 8 and worth 175 points
Overview
Microsoft Excel is a great tool for presenting, organizing, and calculating data. It can be used to create budgets, track your weekly spending, or create detailed plans. This assignment will give you an opportunity to crunch the numbers on your most recent school supply purchases.
Assignment Requirement:
To successfully complete this assignment, submit this (1) Microsoft Excel sheet that includes the following information and formatting.
Steps:
1. Complete the steps listed in the "WK8_A2_Instructions" sheet.
2. Save your document with the following name – CIS105_Assignment2_FirstName_Last Name.xlsx
3. Submit your assignment in Week 8.
Recommended TestOut Desktop Pro Skills Labs to review prior to completing this assignment are:
3.2.4 Skills Lab: Create and Manage Workbooks
3.3.5 Skills Lab: Organize and Enter Data
3.5.6 Skills Lab: Format Cells
3.6.4 Skills Lab: Enter Simple Formulas
3.8.4 Skills Lab: Analyze Data in Charts
Recommended Lynda.com Videos to Watch
Microsoft Excel 2013
Lynda.com Video: Excel 2013 Essential Training
URL: https://www.lynda.com/Excel-tutorials/Excel-2013-Essential-Training/116478-2.html
Microsoft Excel 2016
Lynda.com Video: Excel 2016 Essential Training
URL: https://www.lynda.com/Excel-tutorials/Excel-2016-Essential-Training/376985-2.html
Excel for Mac 2011
Lynda.com Video: Excel for Mac 2011 Essential Training
URL: https://www.lynda.com/Excel-2011-for-mac-tutorials/essential-training/71210-2.html
Excel for Mac 2016
Lynda.com Video: Excel for Mac 2016 Essential Training
URL: https://www.lynda.com/Excel-tutorials/Excel-Mac-2016-Essential-Training/159244-2.html
WK8_A2_Instructions
Instructions for Saving a File
You will be using this file to complete this assignment, so remember to save your changes as you go along.
Hint: When saving this workbook for the first time, Microsoft Excel saves the document in a default location. To save the document in a different location, click another folder or location in the Save As dialog box.
1. Click File, and then click Save As.
2. Save using the file name - CIS105_Assignment2_FirstName_Last Name_Date.xlsx.
3. Click Save.
Instructions to Complete Week 8 Assignment 2
Use this workbook to write down and calculate the costs of the school materials you purchased for this quarter. Consider the following materials you needed for your course work (i.e., use the stated amounts below regardless of the actual items / costs you may have purchased / paid):
First, in the Title Page worksheet, enter the following information.
Type your name in cell B1.
Type in the course section you are in cell B2. (For example: CIS105111)
Type your professor’s name in cell B3.
Type the title of the assignment in cell B4. (The title is “Excelling with Excel”)
Rename the worksheet to "Overview."
Change the font type for this information to Century Gothic.
Change the .
This document provides an introduction to using Microsoft Excel for an accounting course. It explains basic spreadsheet concepts and Excel features such as cells, columns, rows, formatting, entering data, altering cell sizes, inserting/deleting rows and columns, and using cut, copy and paste. Students are instructed to create a proper spreadsheet for accounting purposes based on a provided guide.
The document provides examples of how Excel can be used for various business applications including tracking stock movements with pivot tables, shipment planning forecasts, merging data using Vlookup, creating forms for surveys, performance tracking using conditional formatting, finding breakeven points using Goal Seek, identifying blank rows with conditional formatting, extracting data from accounting systems using pivot tables and queries, ranking with ranking formulas, and tracking forecasted sales updates with conditional formatting or the highlight changes function.
This document provides instructions on how to use Microsoft Excel. It describes the basics of Excel including the elements of the application interface like ribbons, tabs, cells, rows and columns. It explains how to create and open workbooks and worksheets, navigate within a workbook, enter and format data, insert and delete cells and rows, use cut, copy and paste functions, and more. The document is intended to explain the key concepts and procedures for using Excel spreadsheets.
This document provides an introduction and overview of spreadsheets and Microsoft Excel. It defines what a spreadsheet is, outlines key features and elements of Excel including cells, worksheets, formatting, formulas, functions, charts and pivot tables. It also describes various data analysis tools in Excel like sorting, filtering, conditional formatting, and how to perform tasks like what-if analysis using goal seek and scenario manager. The document is intended as a reference for using spreadsheets, especially Microsoft Excel, in a business context.
This document provides an overview of Microsoft Excel, including how to start the application, navigate worksheets, and use basic functions. It describes Excel as a tool for entering and analyzing quantitative data to make informed personal and professional decisions. The document reviews the Excel workbook and ribbon interface, and how to access commands for tasks like saving files. It aims to introduce fundamental Excel skills for users to become productive.
CREATING SAVING & OPENING SPREADSHEET USING WORKSHEET https://youtu.be/r8Qj5D...Tasneem Ahmad
This document provides an introduction to spreadsheets and Microsoft Excel. It explains that a spreadsheet is a grid of rows and columns used to enter and analyze data. It describes how to start Excel, open and save workbooks, and explores the basic parts of a workbook like worksheets, columns, rows, and cells. Examples of using spreadsheets for finances, grades, and other purposes are provided.
A runchart is a tool used to assess improvement progress by plotting data over time alongside changes. It has three main elements - the time period, measurement data, and median line. A runchart is created before and during changes to evaluate effectiveness in real-time. Microsoft Excel can be used to easily create runcharts by setting up a data table and inserting a graph. Key elements like titles, labels and the median line should then be added to complete the runchart.
COM 3135 Proposal AssignmentMANAGERIAL PROPOSAL INSTRUCTI.docxmccormicknadine86
COM 3135: Proposal Assignment
MANAGERIAL PROPOSAL INSTRUCTIONS
Learning outcomes
- Employ Toulmin's CDW model to craft a persuasive message to internal
stakeholders
- Construct a clear, convincing and impactful written managerial message
Deliverables
1. A written proposal: Write a persuasive proposal to the school dean and top
management, as an email message or an email attachment. You need to convince
the readership that a problem exists and that your solution will work.
2. An analysis of the argumentation: Write an explanation of how you have utilized
Toulmin’s CDW model (Roger’s article: ‘Building a case and arguing with
sophistication’)
Situation
- FIU has been undergoing huge changes recently and management is keen to receive
feedback from all stakeholders - faculty, staff, students - on how operations at the
FIU could be further improved.
- You are part of a student working group that has been formed to assess the present
situation in the school and propose ways in which FIU processes could be
enhanced.
- In other words, you need to identify an operational problem and develop a
workable solution to the problem. You can select a pressing issue that you would
like to have addressed.
- Examples of areas in which you might develop proposals:
1. FIU branding study abroad
2. Food services
3. Registration procedures
4. Library services
5. Sports facilities
6. Cooperation with businesses
7. Organization of studies
8. Housing
�1
https://owl.purdue.edu/owl/general_writing/academic_writing/historical_perspectives_on_argumentation/toulmin_argument.html
COM 3135: Proposal Assignment
Plan and write a proposal for action/change.
You will need to:
1. state (and summarize) the problem
2. identify explicitly the outcomes and benefits of your proposal
3. provide a convincing recommendation with supporting evidence which shows that
your recommendation is feasible
Request action
- Use Toulmin’s Claim-Data-Warrant communication model and the persuasive writing
guidelines.
- You will also need to pay attention to effective managerial writing.
- Properly format your proposal. Include a cover page.
�2
https://owl.purdue.edu/owl/subject_specific_writing/writing_in_engineering/indot_workshop_resources_for_engineers/documents/20080628094326_727.pdf
InstructionsExcel Skills | Exercises | Pivot Tableswww.excel-skills.comInstructionsVersions: Excel 2010 & Excel 2007Our practical Excel exercises are much more than just exercises! We design our exercises in such a way that they provide the user with a mapping of the Excel features that can be used in order to complete the appropriate task in the most efficient manner possible. We also reference each step in each exercise to the appropriate tutorial that needs to be studied in order to be able to complete the step.The solutions to our comprehensive exercises are only available to customers who have purchased either a full or training ...
This document defines a spreadsheet and its purpose. It begins by stating that a spreadsheet is a program that organizes data into rows and columns to perform operations on numerical data easily. Examples are given of where spreadsheets can be used, such as for statistics, budgeting, and keeping accounts. The elements of the Excel window like the title bar, menu bar, and worksheet tabs are identified. Finally, it describes the basic components of a spreadsheet including rows, columns, cells, and the different types of information - like labels, values, and formulas - that can be entered into cells.
The document provides a showcase of reports created by Garth Wilson in Microsoft Excel to analyze purchasing, inventory, and financial data for managers. The reports were designed to extract meaningful insights from vast data arrays compiled from various software sources. Examples shown include comprehensive reports on inventory levels, costs, and sales across different time periods, locations, and product categories. The reports automatically update when new raw data is imported, transforming it into clear, visual summaries and analyses.
The document is a tutorial for learning how to use Microsoft Excel. It contains 10 steps:
1. The table of contents shows the topics
2. Click on topic links to begin learning
3. Learn at your own pace by clicking action buttons
4. Use the tutorial as a reference once familiar with Excel
The tutorial covers Excel basics like the screen, menus, worksheets, entering formulas and data, formatting, charts, and printing. It provides instructions on common tasks and encourages self-paced learning through the interactive material.
This document outlines the requirements for a workforce plan assignment for a health organization or hospital in NSW. Students are asked to prepare a 2000 word workforce plan that includes an executive summary, environmental scans both internal and external to the organization, a workforce profile using available data, identification of critical workforce issues, and recommendations of strategies to address the issues. Key areas to be covered in the strategies include recruitment, performance management, skills development, workforce redesign, education and training, and efficiency. Confidential organizational data may be requested and analyzed to inform the workforce profile and issues.
This document provides instructions for creating and customizing pivot tables in Excel. It explains what a pivot table is and how to set up the layout area to summarize data. Additional topics covered include including additional data fields, sorting pivot tables, hiding or suppressing items, and copying pivot tables. The document also provides miscellaneous Excel tips and tricks unrelated to pivot tables, such as sorting, subtotaling, filtering, autoformatting, and printing options.
The document provides information about an Advanced Excel Institute located in Laxmi Nagar, New Delhi. It discusses some advanced Excel techniques like pivot tables, macros, conditional formatting, and advanced formulas. It also lists the top 3 advanced Excel formulas: MATCH formula, IF AND formula, and SUMIF formula. Additionally, it covers advanced Excel charts and graphs, different types of charts, and career options in advanced Excel like financial analyst, data analyst, and business intelligence analyst.
The Art of Data Visualization in Microsoft Excel for Mac.pdfTEWMAGAZINE
As more people turn to the internet and electronic gadgets for their source of information, you can expect data to increase exponentially daily. Data is a result of sharing, collecting, and transmitting information.
The document is a tutorial for using Microsoft Excel. It provides step-by-step instructions on how to navigate the Excel interface and use basic functions. The tutorial covers topics such as navigating the Excel screen, entering formulas and data, formatting worksheets, creating charts, and using keyboard shortcuts. It also includes explanations and instructions for common Excel tasks like opening and saving files, editing data, printing worksheets, and more.
Microsoft Excel is a spreadsheet program used to store and analyze numerical data in a grid format. It allows users to enter data, perform calculations, and visualize data through charts and graphs. Excel is widely used in business for tasks like managing budgets, tracking sales, and performing data analysis. Some key functions include building charts, conditional formatting, combining data from multiple sources, and creating drop-down lists and graphs.
This document provides an overview of spreadsheet concepts and features. It discusses what a spreadsheet is, how to create and enter data into a spreadsheet, different types of cell references, using charts and what-if analysis, and how spreadsheets can be used on the web. The document is a presentation on spreadsheet concepts presented by Group K, which includes four group members. It covers these topics over 15 slides.
Administrative InformationDate AssignedSaturday, March 30, 2.docxcoubroughcosta
This document provides administrative information and instructions for a homework assignment. It is divided into two parts. Part 1 involves transforming patient data from 1st normal form to 3rd normal form. Students are provided sample data and dependencies to complete this task. Part 2 involves answering questions about verifying systems at two different companies. Students can earn up to 8 extra credit points by answering additional questions. The document outlines grading criteria and submission requirements.
httpswww.azed.govoelaselpsUse this to see the English Lang.docxpooleavelina
https://www.azed.gov/oelas/elps/
Use this to see the English Language Proficiency Standards of Arizona-Pick a grade level
https://cms.azed.gov/home/GetDocumentFile?id=54de1d88aadebe14a87070f0
http://www.corestandards.org/ELA-Literacy/introduction/how-to-read-the-standards/
how to read standards
Week 04
Acquisition and Customer Lifetime Value (CLV)
https://www.smh.com.au/politics/federal/nbn-customers-face-higher-prices-or-poorer-internet-connection-audit-warns-20190813-p52go7.html
Customer Relationship Management?
CRM is the process of carefully managing detailed information about individual
customers and all customer touch points to maximize customer loyalty.
Now closely associated with data warehousing and mining
Relationship
Relationship
Identifying good customers: RFM Model
Recency
Frequency
Monetary Value
Time/purchase occasions since the last purchase
Number of purchase occasions since first purchase
Amount spent since the first purchase
R
F
M
Total RFM Score: R Score + F score + M Score
CASE: Database for BookBinders Book Club
Predict response to a mailing for the book, Art History of Florence, based on the
following variables accumulated in the database and the responses to a test mailing:
Gender
Amount purchased
Months since first purchase
Months since last purchase
Frequency of purchase
Past purchases of art books
Past purchases of children’s books
Past purchases of cook books
Past purchases of DIY books
Past purchases of youth books
Recency
Frequency
Monetary
Example: RFM Model Scoring Criteria
R
Months from last
purchase
13-max 10-12 7-9 3-6 0-2
Score 5pts 10 15 20 25
F
Frequency > 30 21-30 16-20 11-15 0-10
Score 25pts 20 15 10 5
M
Amount
purchased
> 400 301-400 201-300 101- 200 100
Score 50 45 30 15 10
Implement using Nested If statements in Excel
Decile Classification
• Standard Assessment Method
• Apply the results of approach and
calculate the “score” of each individual
• Order the customers based on “score”
from the highest to the lowest
• Divide into deciles
• Calculate profits per deciles
Customer 1 Score 1.00
Customer 2 Score 0.99
….
Customer 230 Score 0.92
Customer 2300 Score 0.00
Decile1
Decile10
…
..
…
..
Output for Bookbinders club
Decile Score RFM No. of Mailings Cost of mailing RFM Units sold RFM Profit
10 17.6% 5000 $3,250 783 $4,733
20 34.8% 10000 $6,500 1,543 $9,243
30 46.1% 15000 $9,750 2,043 $11,093
40 53.4% 20000 $13,000 2,370 $11,170
50 65.2% 25000 $16,250 2,891 $13,241
60 77.9% 30000 $19,500 3,457 $15,757
70 83.3% 35000 $22,750 3,696 $14,946
80 91.7% 40000 $26,000 4,065 $15,465
90 97.5% 45000 $29,250 4,326 $14,876
100 100.0% 50000 $32,500 4,435 $12,735
Note: Market Potential = 4435 units and margin = $10.20
Leaky bucket
New customer
acquisition
Purchase increase by
current customers
Purchase decrease by
current customers
Lost customers
Lost customers
Credit Card Rewards Program ...
This document provides an introduction and overview of spreadsheets and Microsoft Excel. It defines what a spreadsheet is, outlines key features and elements of Excel including cells, worksheets, formatting, formulas, functions, charts and pivot tables. It also describes various data analysis tools in Excel like sorting, filtering, conditional formatting, and how to perform tasks like what-if analysis using goal seek and scenario manager. The document is intended as a reference for using spreadsheets, especially Microsoft Excel, in a business context.
This document provides an overview of Microsoft Excel, including how to start the application, navigate worksheets, and use basic functions. It describes Excel as a tool for entering and analyzing quantitative data to make informed personal and professional decisions. The document reviews the Excel workbook and ribbon interface, and how to access commands for tasks like saving files. It aims to introduce fundamental Excel skills for users to become productive.
CREATING SAVING & OPENING SPREADSHEET USING WORKSHEET https://youtu.be/r8Qj5D...Tasneem Ahmad
This document provides an introduction to spreadsheets and Microsoft Excel. It explains that a spreadsheet is a grid of rows and columns used to enter and analyze data. It describes how to start Excel, open and save workbooks, and explores the basic parts of a workbook like worksheets, columns, rows, and cells. Examples of using spreadsheets for finances, grades, and other purposes are provided.
A runchart is a tool used to assess improvement progress by plotting data over time alongside changes. It has three main elements - the time period, measurement data, and median line. A runchart is created before and during changes to evaluate effectiveness in real-time. Microsoft Excel can be used to easily create runcharts by setting up a data table and inserting a graph. Key elements like titles, labels and the median line should then be added to complete the runchart.
COM 3135 Proposal AssignmentMANAGERIAL PROPOSAL INSTRUCTI.docxmccormicknadine86
COM 3135: Proposal Assignment
MANAGERIAL PROPOSAL INSTRUCTIONS
Learning outcomes
- Employ Toulmin's CDW model to craft a persuasive message to internal
stakeholders
- Construct a clear, convincing and impactful written managerial message
Deliverables
1. A written proposal: Write a persuasive proposal to the school dean and top
management, as an email message or an email attachment. You need to convince
the readership that a problem exists and that your solution will work.
2. An analysis of the argumentation: Write an explanation of how you have utilized
Toulmin’s CDW model (Roger’s article: ‘Building a case and arguing with
sophistication’)
Situation
- FIU has been undergoing huge changes recently and management is keen to receive
feedback from all stakeholders - faculty, staff, students - on how operations at the
FIU could be further improved.
- You are part of a student working group that has been formed to assess the present
situation in the school and propose ways in which FIU processes could be
enhanced.
- In other words, you need to identify an operational problem and develop a
workable solution to the problem. You can select a pressing issue that you would
like to have addressed.
- Examples of areas in which you might develop proposals:
1. FIU branding study abroad
2. Food services
3. Registration procedures
4. Library services
5. Sports facilities
6. Cooperation with businesses
7. Organization of studies
8. Housing
�1
https://owl.purdue.edu/owl/general_writing/academic_writing/historical_perspectives_on_argumentation/toulmin_argument.html
COM 3135: Proposal Assignment
Plan and write a proposal for action/change.
You will need to:
1. state (and summarize) the problem
2. identify explicitly the outcomes and benefits of your proposal
3. provide a convincing recommendation with supporting evidence which shows that
your recommendation is feasible
Request action
- Use Toulmin’s Claim-Data-Warrant communication model and the persuasive writing
guidelines.
- You will also need to pay attention to effective managerial writing.
- Properly format your proposal. Include a cover page.
�2
https://owl.purdue.edu/owl/subject_specific_writing/writing_in_engineering/indot_workshop_resources_for_engineers/documents/20080628094326_727.pdf
InstructionsExcel Skills | Exercises | Pivot Tableswww.excel-skills.comInstructionsVersions: Excel 2010 & Excel 2007Our practical Excel exercises are much more than just exercises! We design our exercises in such a way that they provide the user with a mapping of the Excel features that can be used in order to complete the appropriate task in the most efficient manner possible. We also reference each step in each exercise to the appropriate tutorial that needs to be studied in order to be able to complete the step.The solutions to our comprehensive exercises are only available to customers who have purchased either a full or training ...
This document defines a spreadsheet and its purpose. It begins by stating that a spreadsheet is a program that organizes data into rows and columns to perform operations on numerical data easily. Examples are given of where spreadsheets can be used, such as for statistics, budgeting, and keeping accounts. The elements of the Excel window like the title bar, menu bar, and worksheet tabs are identified. Finally, it describes the basic components of a spreadsheet including rows, columns, cells, and the different types of information - like labels, values, and formulas - that can be entered into cells.
The document provides a showcase of reports created by Garth Wilson in Microsoft Excel to analyze purchasing, inventory, and financial data for managers. The reports were designed to extract meaningful insights from vast data arrays compiled from various software sources. Examples shown include comprehensive reports on inventory levels, costs, and sales across different time periods, locations, and product categories. The reports automatically update when new raw data is imported, transforming it into clear, visual summaries and analyses.
The document is a tutorial for learning how to use Microsoft Excel. It contains 10 steps:
1. The table of contents shows the topics
2. Click on topic links to begin learning
3. Learn at your own pace by clicking action buttons
4. Use the tutorial as a reference once familiar with Excel
The tutorial covers Excel basics like the screen, menus, worksheets, entering formulas and data, formatting, charts, and printing. It provides instructions on common tasks and encourages self-paced learning through the interactive material.
This document outlines the requirements for a workforce plan assignment for a health organization or hospital in NSW. Students are asked to prepare a 2000 word workforce plan that includes an executive summary, environmental scans both internal and external to the organization, a workforce profile using available data, identification of critical workforce issues, and recommendations of strategies to address the issues. Key areas to be covered in the strategies include recruitment, performance management, skills development, workforce redesign, education and training, and efficiency. Confidential organizational data may be requested and analyzed to inform the workforce profile and issues.
This document provides instructions for creating and customizing pivot tables in Excel. It explains what a pivot table is and how to set up the layout area to summarize data. Additional topics covered include including additional data fields, sorting pivot tables, hiding or suppressing items, and copying pivot tables. The document also provides miscellaneous Excel tips and tricks unrelated to pivot tables, such as sorting, subtotaling, filtering, autoformatting, and printing options.
The document provides information about an Advanced Excel Institute located in Laxmi Nagar, New Delhi. It discusses some advanced Excel techniques like pivot tables, macros, conditional formatting, and advanced formulas. It also lists the top 3 advanced Excel formulas: MATCH formula, IF AND formula, and SUMIF formula. Additionally, it covers advanced Excel charts and graphs, different types of charts, and career options in advanced Excel like financial analyst, data analyst, and business intelligence analyst.
The Art of Data Visualization in Microsoft Excel for Mac.pdfTEWMAGAZINE
As more people turn to the internet and electronic gadgets for their source of information, you can expect data to increase exponentially daily. Data is a result of sharing, collecting, and transmitting information.
The document is a tutorial for using Microsoft Excel. It provides step-by-step instructions on how to navigate the Excel interface and use basic functions. The tutorial covers topics such as navigating the Excel screen, entering formulas and data, formatting worksheets, creating charts, and using keyboard shortcuts. It also includes explanations and instructions for common Excel tasks like opening and saving files, editing data, printing worksheets, and more.
Microsoft Excel is a spreadsheet program used to store and analyze numerical data in a grid format. It allows users to enter data, perform calculations, and visualize data through charts and graphs. Excel is widely used in business for tasks like managing budgets, tracking sales, and performing data analysis. Some key functions include building charts, conditional formatting, combining data from multiple sources, and creating drop-down lists and graphs.
This document provides an overview of spreadsheet concepts and features. It discusses what a spreadsheet is, how to create and enter data into a spreadsheet, different types of cell references, using charts and what-if analysis, and how spreadsheets can be used on the web. The document is a presentation on spreadsheet concepts presented by Group K, which includes four group members. It covers these topics over 15 slides.
Administrative InformationDate AssignedSaturday, March 30, 2.docxcoubroughcosta
This document provides administrative information and instructions for a homework assignment. It is divided into two parts. Part 1 involves transforming patient data from 1st normal form to 3rd normal form. Students are provided sample data and dependencies to complete this task. Part 2 involves answering questions about verifying systems at two different companies. Students can earn up to 8 extra credit points by answering additional questions. The document outlines grading criteria and submission requirements.
Similar to Health Budget Request Workbook Step-by-Step Guide NURS 6211.docx (20)
httpswww.azed.govoelaselpsUse this to see the English Lang.docxpooleavelina
https://www.azed.gov/oelas/elps/
Use this to see the English Language Proficiency Standards of Arizona-Pick a grade level
https://cms.azed.gov/home/GetDocumentFile?id=54de1d88aadebe14a87070f0
http://www.corestandards.org/ELA-Literacy/introduction/how-to-read-the-standards/
how to read standards
Week 04
Acquisition and Customer Lifetime Value (CLV)
https://www.smh.com.au/politics/federal/nbn-customers-face-higher-prices-or-poorer-internet-connection-audit-warns-20190813-p52go7.html
Customer Relationship Management?
CRM is the process of carefully managing detailed information about individual
customers and all customer touch points to maximize customer loyalty.
Now closely associated with data warehousing and mining
Relationship
Relationship
Identifying good customers: RFM Model
Recency
Frequency
Monetary Value
Time/purchase occasions since the last purchase
Number of purchase occasions since first purchase
Amount spent since the first purchase
R
F
M
Total RFM Score: R Score + F score + M Score
CASE: Database for BookBinders Book Club
Predict response to a mailing for the book, Art History of Florence, based on the
following variables accumulated in the database and the responses to a test mailing:
Gender
Amount purchased
Months since first purchase
Months since last purchase
Frequency of purchase
Past purchases of art books
Past purchases of children’s books
Past purchases of cook books
Past purchases of DIY books
Past purchases of youth books
Recency
Frequency
Monetary
Example: RFM Model Scoring Criteria
R
Months from last
purchase
13-max 10-12 7-9 3-6 0-2
Score 5pts 10 15 20 25
F
Frequency > 30 21-30 16-20 11-15 0-10
Score 25pts 20 15 10 5
M
Amount
purchased
> 400 301-400 201-300 101- 200 100
Score 50 45 30 15 10
Implement using Nested If statements in Excel
Decile Classification
• Standard Assessment Method
• Apply the results of approach and
calculate the “score” of each individual
• Order the customers based on “score”
from the highest to the lowest
• Divide into deciles
• Calculate profits per deciles
Customer 1 Score 1.00
Customer 2 Score 0.99
….
Customer 230 Score 0.92
Customer 2300 Score 0.00
Decile1
Decile10
…
..
…
..
Output for Bookbinders club
Decile Score RFM No. of Mailings Cost of mailing RFM Units sold RFM Profit
10 17.6% 5000 $3,250 783 $4,733
20 34.8% 10000 $6,500 1,543 $9,243
30 46.1% 15000 $9,750 2,043 $11,093
40 53.4% 20000 $13,000 2,370 $11,170
50 65.2% 25000 $16,250 2,891 $13,241
60 77.9% 30000 $19,500 3,457 $15,757
70 83.3% 35000 $22,750 3,696 $14,946
80 91.7% 40000 $26,000 4,065 $15,465
90 97.5% 45000 $29,250 4,326 $14,876
100 100.0% 50000 $32,500 4,435 $12,735
Note: Market Potential = 4435 units and margin = $10.20
Leaky bucket
New customer
acquisition
Purchase increase by
current customers
Purchase decrease by
current customers
Lost customers
Lost customers
Credit Card Rewards Program ...
The 30 June 2019 local elections in Albania took place in a context of deep political polarization and crisis. The main opposition parties boycotted the elections and called on voters to abstain. As a result, many mayoral races were uncontested. The elections suffered from a lack of trust in the impartiality of the election administration due to its unbalanced composition. While voting and counting were carried out efficiently on election day, the broader process failed to provide voters with a genuine choice between political alternatives. The elections did not resolve the underlying political disputes and the country remained in a state of political uncertainty.
httpfmx.sagepub.comField Methods DOI 10.117715258.docxpooleavelina
http://fmx.sagepub.com
Field Methods
DOI: 10.1177/1525822X04269550
2005; 17; 30 Field Methods
Don A. Dillman and Leah Melani Christian
Survey Mode as a Source of Instability in Responses across Surveys
http://fmx.sagepub.com/cgi/content/abstract/17/1/30
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10.1177/1525822X04269550FIELD METHODSDillman, Christian / SURVEY MODE AS SOURCE OF INSTABILITY
Survey Mode as a Source of Instability
in Responses across Surveys
DON A. DILLMAN
LEAH MELANI CHRISTIAN
Washington State University
Changes in survey mode for conducting panel surveys may contribute significantly to
survey error. This article explores the causes and consequences of such changes in
survey mode. The authors describe how and why the choice of survey mode often
causes changes to be made to the wording of questions, as well as the reasons that
identically worded questions often produce different answers when administered
through different modes. The authors provide evidence that answers may change as a
result of different visual layouts for otherwise identical questions and suggest ways
to keep measurement the same despite changes in survey mode.
Keywords: survey mode; questionnaire; panel survey; measurement; survey error
Most panel studies require measurement of the same variables at different
times. Often, participants are asked questions, several days, weeks, months,
or years apart to measure change in some characteristics of interest to the
investigation. These characteristics might include political attitudes, satis-
faction with a health care provider, frequency of a behavior, ownership of
financial resources, or level of educational attainment. Whatever the charac-
teristic of interest, it is important that the question used to ascertain it perform
the same across multiple data collections.
In addition, declining survey response rates, particularly for telephone
surveys, have encouraged researchers to use multiple modes of data collec-
tion during the administration of a single cross-sectional survey. Encouraged
by the availability of more survey modes than in the past and evidence that a
change in modes produces higher response rates (Dillman 2002), surveyors
This is a revision of a paper presented at t ...
https://iexaminer.org/fake-news-personal-responsibility-must-trump-intellectual-laziness/
Fake news: Personal responsibility must trump intellectual laziness
By Matt Chan January 4, 2017
Where do you get your news? That question has become incredibly important given the results of our Presidential Election. How many times have you heard, “I read a news story on Facebook and …” The problem: Facebook is not a news service; it’s a “social media” site whose purpose is to connect like-minded friends and family, to provide you with social connections, and online entertainment.
For Asian Americans social media provides an important and useful way of connecting socially and in some cases politically, but there is a downside. The downside is how social media actually works. These sites employ elaborate algorithms to track and analyze your posts, likes, and dislikes to provide you with a custom experience unique to you. The truth is you are being marketed to, not informed. What looks like news, is not really news, it’s personal validation. All in an attempt to keep you on the site longer, to click a few more things, to make you feel good about what you’re reading. It makes it seem like most people agree with you because you’re only fed information and stories that validate your worldview.
On the other hand, real news is hard work. Its fact-based information presented by people who have checked, researched, and documented what they are presenting as the truth. Real news can be verified.
“Fake News” is, well, fake, often times entirely made-up or containing a hint of truth. Social media was largely responsible for pushing “fake news” stories that were entirely made up to drive clicks on websites. These clicks in turn generated money for the people promoting the stories. The more outrageous the story, the more clicks, the more revenue. When you factor in the algorithms that feed you what you like, you can clearly see the more “fake news” you consume on social media, the more is pushed your way. There’s an abundance of pseudo news sites that merely re-post and curate existing stories, adding their bias to validate their audience’s beliefs, no matter how crazy or mainstream. It is curated solely for you. Now factor in that nearly 44% of Americans obtain some or most of their news from social media and you have a very toxic mix.
The mainstream news media has also fallen into this validation trap. You have one news network that solely reflects the right wing, others that take the view of the left-center leaning, and what is lost are the facts and context, the balance we need to evaluate, learn, and understand the world. People seeking fact-based journalism lose, because the more extreme the media becomes to entice consumers with provocative headlines and click-bait to earn more money, the less their news is fact-based and becomes more opinion driven.
There was a time when fact-based reporting was required of broadcast news. It was called “The Fairness Doctrin ...
http1500cms.comBECAUSE THIS FORM IS USED BY VARIOUS .docxpooleavelina
http://1500cms.com/
BECAUSE THIS FORM IS USED BY VARIOUS GOVERNMENT AND PRIVATE HEALTH PROGRAMS, SEE SEPARATE INSTRUCTIONS ISSUED BY
APPLICABLE PROGRAMS.
NOTICE: Any person who knowingly files a statement of claim containing any misrepresentation or any false, incomplete or misleading information may
be guilty of a criminal act punishable under law and may be subject to civil penalties.
REFERS TO GOVERNMENT PROGRAMS ONLY
MEDICARE AND CHAMPUS PAYMENTS: A patient’s signature requests that payment be made and authorizes release of any information necessary to process
the claim and certifies that the information provided in Blocks 1 through 12 is true, accurate and complete. In the case of a Medicare claim, the patient’s signature
authorizes any entity to release to Medicare medical and nonmedical information, including employment status, and whether the person has employer group health
insurance, liability, no-fault, worker’s compensation or other insurance which is responsible to pay for the services for which the Medicare claim is made. See 42
CFR 411.24(a). If item 9 is completed, the patient’s signature authorizes release of the information to the health plan or agency shown. In Medicare assigned or
CHAMPUS participation cases, the physician agrees to accept the charge determination of the Medicare carrier or CHAMPUS fiscal intermediary as the full charge,
and the patient is responsible only for the deductible, coinsurance and noncovered services. Coinsurance and the deductible are based upon the charge
determination of the Medicare carrier or CHAMPUS fiscal intermediary if this is less than the charge submitted. CHAMPUS is not a health insurance program but
makes payment for health benefits provided through certain affiliations with the Uniformed Services. Information on the patient’s sponsor should be provided in those
items captioned in “Insured”; i.e., items 1a, 4, 6, 7, 9, and 11.
BLACK LUNG AND FECA CLAIMS
The provider agrees to accept the amount paid by the Government as payment in full. See Black Lung and FECA instructions regarding required procedure and
diagnosis coding systems.
SIGNATURE OF PHYSICIAN OR SUPPLIER (MEDICARE, CHAMPUS, FECA AND BLACK LUNG)
I certify that the services shown on this form were medically indicated and necessary for the health of the patient and were personally furnished by me or were furnished
incident to my professional service by my employee under my immediate personal supervision, except as otherwise expressly permitted by Medicare or CHAMPUS
regulations.
For services to be considered as “incident” to a physician’s professional service, 1) they must be rendered under the physician’s immediate personal supervision
by his/her employee, 2) they must be an integral, although incidental part of a covered physician’s service, 3) they must be of kinds commonly furnished in physician’s
offices, and 4) the services of nonphysicians must be included on the physician’s bills.
For CHA ...
https://www.medicalnewstoday.com/articles/323444.php
https://ascopubs.org/doi/full/10.1200/JCO.2008.16.0333
https://journals.lww.com/co-hematology/Abstract/2007/03000/Influence_of_new_molecular_prognostic_markers_in.5.aspx
Influence of new molecular prognostic markers in patients with karyotypically normal acute myeloid leukemia: recent advances
Mrózek, Krzysztofa; Döhner, Hartmutb; Bloomfield, Clara Da
Current Opinion in Hematology: March 2007 - Volume 14 - Issue 2 - p 106–114
doi: 10.1097/MOH.0b013e32801684c7
Myeloid disease
Purpose of review Molecular study of cytogenetically normal acute myeloid leukemia is among the most active areas of leukemia research. Despite having the same normal karyotype, adults with de-novo cytogenetically normal acute myeloid leukemia who constitute the largest cytogenetic group of acute myeloid leukemia, are very diverse with respect to acquired gene mutations and gene expression changes. These genetic alterations affect clinical outcome and may assist in selection of proper treatment. Herein we critically summarize recent clinically relevant molecular genetic studies of cytogenetically normal acute myeloid leukemia.
Recent findings NPM1 gene mutations causing aberrant cytoplasmic localization of nucleophosmin have been demonstrated to be the most frequent submicroscopic alterations in cytogenetically normal acute myeloid leukemia and to confer improved prognosis, especially in patients without a concomitant FLT3 gene internal tandem duplication. Overexpressed BAALC, ERG and MN1 genes and expression of breast cancer resistance protein have been shown to confer poor prognosis. A gene-expression signature previously suggested to separate cytogenetically normal acute myeloid leukemia patients into prognostic subgroups has been validated on a different microarray platform, although gene-expression signature-based classifiers predicting outcome for individual patients with greater accuracy are still needed.
Summary The discovery of new prognostic markers has increased our understanding of leukemogenesis and may lead to improved prognostication and generation of novel risk-adapted therapies.
http://www.bloodjournal.org/content/127/1/53?sso-checked=true
An update of current treatments for adult acute myeloid leukemia
Hervé Dombret and Claude Gardin
Abstract
Recent advances in acute myeloid leukemia (AML) biology and its genetic landscape should ultimately lead to more subset-specific AML therapies, ideally tailored to each patient's disease. Although a growing number of distinct AML subsets have been increasingly characterized, patient management has remained disappointingly uniform. If one excludes acute promyelocytic leukemia, current AML management still relies largely on intensive chemotherapy and allogeneic hematopoietic stem cell transplantation (HSCT), at least in younger patients who can tolerate such intensive treatments. Nevertheless, progress has been made, notably in terms of standard drug dose in ...
httpstheater.nytimes.com mem theater treview.htmlres=9902e6.docxpooleavelina
https://theater.nytimes.com/ mem/ theater/ treview.html?res=9902e6db1639f931a25753c1a962948260
THEATER: WILSON'S 'MA RAINEY'S' OPENS
By FRANK RICH
Published: October 12, 1984, Friday
LATE in Act I of ''Ma Rainey's Black Bottom,'' a somber, aging band trombonist (Joe Seneca) tilts his head heavenward to sing the blues. The setting is a dilapidated Chicago recording studio of 1927, and the song sounds as old as time. ''If I had my way,'' goes the lyric, ''I would tear this old building down.''
Once the play has ended, that lyric has almost become a prophecy. In ''Ma Rainey's Black Bottom,'' the writer August Wilson sends the entire history of black America crashing down upon our heads. This play is a searing inside account of what white racism does to its victims - and it floats on the same authentic artistry as the blues music it celebrates. Harrowing as ''Ma Rainey's'' can be, it is also funny, salty, carnal and lyrical. Like his real-life heroine, the legendary singer Gertrude (Ma) Rainey, Mr. Wilson articulates a legacy of unspeakable agony and rage in a spellbinding voice.
The play is Mr. Wilson's first to arrive in New York, and it reached here, via the Yale Repertory Theater, under the sensitive hand of the man who was born to direct it, Lloyd Richards. On Broadway, Mr. Richards has honed ''Ma Rainey's'' to its finest form. What's more, the director brings us an exciting young actor - Charles S. Dutton - along with his extraordinary dramatist. One wonders if the electricity at the Cort is the same that audiences felt when Mr. Richards, Lorraine Hansberry and Sidney Poitier stormed into Broadway with ''A Raisin in the Sun'' a quarter-century ago.
As ''Ma Rainey's'' shares its director and Chicago setting with ''Raisin,'' so it builds on Hansberry's themes: Mr. Wilson's characters want to make it in white America. And, to a degree, they have. Ma Rainey (1886-1939) was among the first black singers to get a recording contract - albeit with a white company's ''race'' division. Mr. Wilson gives us Ma (Theresa Merritt) at the height of her fame. A mountain of glitter and feathers, she has become a despotic, temperamental star, complete with a retinue of flunkies, a fancy car and a kept young lesbian lover.
The evening's framework is a Paramount-label recording session that actually happened, but whose details and supporting players have been invented by the author. As the action swings between the studio and the band's warm-up room - designed by Charles Henry McClennahan as if they might be the festering last- chance saloon of ''The Iceman Cometh'' - Ma and her four accompanying musicians overcome various mishaps to record ''Ma Rainey's Black Bottom'' and other songs. During the delays, the band members smoke reefers, joke around and reminisce about past gigs on a well-traveled road stretching through whorehouses and church socials from New Orleans to Fat Back, Ark.
The musicians' speeches are like improvised band solos - variously fiz ...
https://fitsmallbusiness.com/employee-compensation-plan/
The puzzle of motivation | Dan Pink [Video file]. Retrieved from https://www.youtube.com/watch?v=rrkrvAUbU9Y
Refining the total rewards package through employee input at MillerCoors [Video file]. Retrieved from https://www.youtube.com/watch?v=_I7nv0B4_NU&feature=youtu.be
How to design an employee compensation plan [SlideShare slides]. Retrieved from http://www.slideshare.net/FitSmallBusiness/how-to-design-a-compensation-plan-dave?ref=http://fitsmallbusiness.com/how-to-pay-employees/
Compensation strategies [Video file]. Retrieved from https://youtu.be/U2wjvBigs7w
· Expectations for Power Point Presentations in Units IV and V
I would like to provide information about what needs to be included in presentations. Please review the rubric prior to submitting any assignment. If you don't know where to find this, please contact me.
1. You need a title slide.
2. You need an overview of the presentation slide (slide after the title slide). This is how you would organize a presentation if you were presenting it at work.
3. You need a summary slide (before the reference slide); same reason as above.
4. Please do not forget to cite on slides where you are writing about something related to what you have read. Please consider each slide a paragraph. You can cite on the slides or in the notes. If you do not cite, you will not get credit for the slide.
- Direct quotes should not be used in this presentation as they are not analysis.
5. Remember, all I can evaluate is what you submit, so please consider using notes to explain what you are writing in further detail. Bullets are great and you can use these but then provide more detail in the notes.
6. Graphics - Please include graphics/charts/graphs as this is evaluated in the rubric (quality of the presentation).
7. References - For all references, you need citations. For all citations, you need references. They must match. All must be formatted using APA requirements. Please review the Quick Reference Guide that was posted in the announcements.
Please never hesitate to email me with any questions. If you need further clarification about feedback or if you do not agree with any of the feedback, please contact me. My door is always open.
Assignment 1
Positioning Statement and Motto
Use the provided information, as well as your own research, to assess one (1) of the stated brands (Tesla, SmoothieKing, Suave, or Nintendo) by completing the questions below with an ORIGINAL response to each. At the end of the worksheet, be sure to develop a new ORIGINAL positioning statement and motto for the brand you selected. Submit the completed template in the Week 4 assignment submission link.
Name:
Professor’s Name:
Course Title:
Date:
Company/Brand Selected (Tesla, SmoothieKing, Suave or Nintendo):
1. Target Customers/Users
Who are the target customers for the company/brand? Make sure you tell why you selected each item that you did. (NOTE: DO NO ...
This document provides instructions for students completing a research paper for an introductory radiography course. It outlines requirements for the paper, including length of 3 pages, use of 3 scholarly sources from 2008-present, and APA formatting. Key topics that must be addressed are introduced, including the chosen research topic, importance of the topic, and evidence of research through in-text citations on every page and a reference list. Formatting guidelines specify use of a cover page, introduction, body, and summary. The instructions emphasize accurately citing all sources to avoid plagiarism. Students are encouraged to visit the campus writing center for assistance meeting the standards.
https://www.worldbank.org/en/country/vietnam/overview
-------------- Context ----------------
Vietnam’s development over the past 30 years has been remarkable. Economic and political reforms under Đổi Mới, launched in 1986, have spurred rapid economic growth, transforming what was then one of the world’s poorest nations into a lower middle-income country. Between 2002 and 2018, more than 45 million people were lifted out of poverty. Poverty rates declined sharply from over 70% to below 6% (US$3.2/day PPP), and GDP per capita increased by 2.5 times, standing over US$2,500 in 2018.
In the medium-term, Vietnam’s economic outlook is positive, despite signs of cyclical moderation in growth. After peaking at 7.1% in 2018, real GDP growth in 2019 is projected to slightly decelerate in 2019, led by weaker external demand and continued tightening of credit and fiscal policies. Real GDP growth is projected to remain robust at around 6.5% in 2020 and 2021. Annual headline inflation has been stable for the seven consecutive years – at single digits, trending towards 4% and below in recent years. The external balance remains under control and should continue to be financed by strong FDI inflows which reached almost US$18 billion in 2018 – accounting for almost 24% of total investment in the economy.
Vietnam is experiencing rapid demographic and social change. Its population reached 97 million in 2018 (up from about 60 million in 1986) and is expected to expand to 120 million before moderating around 2050. Today, 70% of the population is under 35 years of age, with a life expectancy of 76 years, the highest among countries in the region at similar income levels. But the population is rapidly aging. And an emerging middle class, currently accounting for 13% of the population, is expected to reach 26% by 2026.
Vietnam ranks 48 out of 157 countries on the human capital index (HCI), second in ASEAN behind Singapore. A Vietnamese child born today will be 67% as productive when she grows up as she could be if she enjoyed complete education and full health. Vietnam’s HCI is highest among middle-income countries, but there are some disparities within the country, especially for ethnic minorities. There would also be a need to upgrade the skill of the workforce to create productive jobs at a large scale in the future.
Over the last thirty years, the provision of basic services has significantly improved. Access of households to modern infrastructure services has increased dramatically. As of 2016, 99% of the population used electricity as their main source of lighting, up from 14 % in 1993. Access to clean water in rural areas has also improved, up from 17% in 1993 to 70% in 2016, while that figure for urban areas is above 95%.
Vietnam performs well on general education. Coverage and learning outcomes are high and equitably achieved in primary schools — evidenced by remarkably high scores in the Program for International Student Assessment (PISA) in 2012 and 2015, ...
HTML WEB Page solutionAbout.htmlQuantum PhysicsHomeServicesAbou.docxpooleavelina
HTML WEB Page solution/About.htmlQuantum PhysicsHomeServicesAboutContact Me
This website gives a detail inward look in quantam physics as it is a evolving field now-a-days and has many upcoming changes that is going to leave the world in shock. There has been a lot of confusion lately related to this topics in people so it is encourage that people visit this website and get to know more about this field and explore the horizons there is yet to come.
HTML WEB Page solution/FirstLastHomePage.htmlQuantum PhysicsHomeServicesAboutContact Me
Definition
Quantum mechanics is the part of material science identifying with the little.
It brings about what may have all the earmarks of being some extremely peculiar decisions about the physical world. At the size of particles and electrons, a significant number of the conditions of old style mechanics, which depict how things move at ordinary sizes and speeds, stop to be helpful. In traditional mechanics, objects exist in a particular spot at a particular time. Be that as it may, in quantum mechanics, protests rather exist in a fog of likelihood; they have a specific possibility of being at point An, another possibility of being at point B, etc.Three revolutionary principles
Quantum mechanics (QM) created over numerous decades, starting as a lot of questionable scientific clarifications of tests that the math of old style mechanics couldn't clarify. It started at the turn of the twentieth century, around a similar time that Albert Einstein distributed his hypothesis of relativity, a different numerical unrest in material science that portrays the movement of things at high speeds. In contrast to relativity, nonetheless, the sources of QM can't be credited to any one researcher. Or maybe, various researchers added to an establishment of three progressive rules that bit by bit picked up acknowledgment and exploratory confirmation somewhere in the range of 1900 and 1930. They are:
Quantized properties:
Certain properties, for example, position, speed and shading, can once in a while just happen in explicit, set sums, much like a dial that "clicks" from number to number. This tested a crucial presumption of old style mechanics, which said that such properties should exist on a smooth, ceaseless range. To portray the possibility that a few properties "clicked" like a dial with explicit settings, researchers begat the word "quantized".
Particles of light:
Light can now and again act as a molecule. This was at first met with unforgiving analysis, as it negated 200 years of trials indicating that light acted as a wave; much like waves on the outside of a quiet lake. Light acts comparatively in that it ricochets off dividers and twists around corners, and that the peaks and troughs of the wave can include or counteract. Included wave peaks bring about more splendid light, while waves that counterbalance produce obscurity. A light source can be thought of ...
https://www.huffpost.com/entry/online-dating-vs-offline_b_4037867
For your initial post, provide a sentence to share which article you are referring to so that you can best communicate with your peers. Include a link to your selection.
· Explain how the argument contains or avoids bias.
i. Provide specific examples to support your explanation.
ii. What assumptions does it make?
· Discuss the credibility of the overall argument.
i. Were the resources the argument was built upon credible?
ii. Does the credibility support or undermine the article’s claims in any important ways?
In response to your peers, provide an additional resource to support or refute the argument your peer makes. Do you agree with their claims of credibility? Are there any other possible bias not identified?
Response #1
Allysa Tantala posted Sep 22, 2019 10:17 PM
Subscribe
The article that I am looking at is Online Dating Vs. Offline Dating: Pros and Cons.It was written by Julie Spira, an online dating expert, bestselling author, and CEO of Cyber-Dating Expert. The name of the article is spot on in describing what it is about. The author goes through the pros and cons of dating online and offline in today’s day and age. The author avoids bias because she looks at both options in both their positive and negative attributes. She comes at the issues from both angles and I believe she does a very good job at remaining unbiased. She states that “if you're serious about meeting someone special, you must include a combination of both online and offline dating in your routine” (Spira, 2013, par. 18). She’s stating that both options have their pros and cons and that really a combination of both is needed to find someone. The only bias I could see anyone pointing out would be that she is a woman, so you do not get the male perspective on these things. That being said, I one hundred percent think she covers all of the questions people may have about online and offline dating in today’s world. The only assumption being made here is that the reader wants to be out in the dating world and they need to know what is best. But, the title of the article is pretty self-explanatory so if someone did not want to know these things, they would not have to waste their time reading it all because they could tell what it would be about by the title.
The resource that she used was herself, and like I stated above, she is an online dating expert, bestselling author, and CEO of Cyber-Dating Expert; so she is more than qualified to give her perspective on these issues. I find her to be credible and thought provoking. Her credibility supports everything the article says and makes the reader feel like they are being told the truth by someone who completely understands all of the pros and cons.
Resource:
Spira, J. (2013, December 3). Online Dating Vs. Offline Dating: Pros and Cons. Retrieved from https://www.huffpost.com/entry/online-dating-vs-offline_b_4037867
Response #2
Jennifer Caforio posted Se ...
https://www.vitalsource.com/products/comparative-criminal-justice-systems-harry-r-dammer-jay-s-v9781285630779
THE ASSIGNMENT IS BASED ON CHAPTER 1 (ONE)
Login : [email protected]
Password: Greekyogurt13!
1
3Defining the Problem
Rigina CochranMPA/593
August 19, 2019
Peter ReevesDefining the Problem
The health care system in Colorado is a composition of medical professionals providing services such as diagnosis, treatment, as well as preventive measures to mental illness and injuries ("Healthcare policy in Colorado - Ballotpedia," 2019). Health care policy involves the establishment and implementation of legislation and other regulations that the states use to manage its health care system effectively. Further, this sector consists of other participants, such as insurance and health information technology. The cost citizens pay for medical care and also the access to quality care influence the overall health care providers in Colorado. Therefore, the need for the creation and implementation of laws that help the state maintain efficiency in the health sector in Colorado.
Problem Statement
The declining standards of medical care within the United States has caused significant concern in the world. Due to these rising concerns, there have been various policies implemented, leading to mixed reactions among the different states. Some of the active policies implemented offer a long-term solution to this problem including Medicaid and Medicare. After acquiring state control, the Republicans dismissed the idea to expand and create medical insurance for Medicaid in Colorado. Sustaining the structure of the health care payroll calls for the deductions from the employees and the employers, which may lead to loss of jobs and increased burden of expenditure (Garcia, 2019).
Identify the Methodology
The main objective of this policy plan is to investigate the role of legislation in the management of the health care sector in the United States. Due to the need for achieving in-depth exploration, this paper uses a combination of both qualitative and quantitative methods of data collection by addressing both practical and theoretical aspects of the research. Based on the answers that the policy requires, choosing survey as the research design. This method involves collecting and analyzing data from a few people who represent the principal group within health care. However, the survey method faces some challenges such as attitudes and perception of the health workers leading to the delimitation of the study. The target population for the study includes the nurses within the health sectors in Colorado. The selection of the participants involved in the use of stratified random sampling.
Identify your Stakeholders
The major stakeholders in the creation and implementation of the policy plan include the legislatures, local government, patients, and other private parties such as the insurance companies. Collectively, these bodies are involved in the makin ...
Avoidant/Restrictive Food Intake Disorder (ARFID) is a feeding disorder characterized by avoidance of food due to sensory characteristics, fear of aversive consequences, or lack of interest in eating. This results in insufficient calorie or nutrient intake leading to issues like weight loss, nutritional deficiencies, or interference with functioning. Treatments that have shown promise for ARFID include family-based treatment involving parents supporting exposure to new foods, cognitive-behavioral therapy with elements like food exposure and relaxation training, and hospital-based refeeding programs, some of which utilize tube feeding for severe cases. However, more research is still needed, as existing studies on treating ARFID are limited and no single approach has been proven
https://www.youtube.com/watch?time_continue=59&v=Bh_oEYX1zNM&feature=emb_logo
BA 325 Pivot Table Assignment Answer Sheet
Name:
Before you do anything fill out your name on the assignment and save your file as BA325 Firstname Lastname (use your actual name).
The table has all of the questions from the DuPont Assignment. Fill in your answers to the questions in the corresponding cell in the Answer column. Below the table there is a spot for the Screen Clippings from both the Practice Assignment, and the DuPont Assignment.
After you have filled out all of the answers and Screen Clippings submit the file to the Assignments folder in D2L.
Q Number
Question
Answer
Q1
How much was American Airlines’ Net Revenues in 2013?
Q2
What was the Return on Equity for Apple in 2015?
Q3
Which company had the highest Net Income and in which year? What was the value?
Q4
Which company had the lowest Net Income and in which year? What was the value?
Q5
How many unique companies in your sample had Net Losses exceeding one billion dollars? Which companies, and what years?
Q6
What was the Sum of the Net Income for all companies in the sample for 2015?
Q7
Which company had the highest total Net Income over the three year period? What was the value?
Q8
Which company had the lowest total Net Income over the three year period? What was the value?
Q9
Which industry had the highest Average Profit Margin over the three year period? What was the value?
Q10
In which year was the Average Profit Margin the highest for the entire sample? What was the value?
Q11
For how many companies do you have Profit Margin ratio data in 2013?
Q12
For what Industry do you have the most Profit Margin ratio data in the sample? What was the value? For that Industry what year was the highest? What was the value?
Q13
Which Industry has the highest Average Asset Turnover over the three year period? What was the value?
Q14
Which of the remaining Industries has the highest Asset Turnover in 2014? What was the value?
Q15
Which Industry has the highest Average Financial Leverage over the three year period? What was the value?
Q16
Which Industry has the lowest Average Financial Leverage that does not include negative numbers in any year? What was the value?
Q17
What is the Average Financial Leverage for the Transportation Industry in 2013?
Note: The answer is odd. You will have to use Data Cleaning to resolve the issue.
Q18
Which Industry has the highest Average Return on Equity over the three year period and which company is the highest within that Industry? What are the values?
Q19
Which two companies in the Public Utilities Industry have the highest Average Return on Equity during the period? What are the values?
Q20
Which Industry had the largest decrease in Average Return on Equity between 2013 and 2014? What was the value?
Q21
Which Industry had the largest increase in Average Return on Equity between 2014 and 2015? What was the value?
Q22
Bonus Question 1: How many industrie ...
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
Physiology and chemistry of skin and pigmentation, hairs, scalp, lips and nail, Cleansing cream, Lotions, Face powders, Face packs, Lipsticks, Bath products, soaps and baby product,
Preparation and standardization of the following : Tonic, Bleaches, Dentifrices and Mouth washes & Tooth Pastes, Cosmetics for Nails.
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
3. As is the case with any organization, healthcare organizations
establish strategic goals in support of their vision and mission.
In turn, initiatives are pursued in hopes of achieving goals.
Introduction
In a perfect world, every initiative that the organization values
would be pursued. But healthcare organizations have limited
resources. Hence decisions must be made about which
initiatives to pursue. Such decisions are typically based on
several factors, including:
· the perceived value of the initiative
· how strongly the initiatives support organizational missions
and goals
· potential for return on investment
· resources required.
Nurse leaders and others who drive the pursuit of these
initiatives need to be sensitive to these factors. Value, support
of objectives, and return on investment are usually
communicated by developing a business case for the initiative.
The need for resources is typically communicated by developing
a formal budget request.
A budget request is a formal document that most organizations
require from those seeking resources (funding) for various
projects and initiatives. When successful, a budget request
results in the initiative being included as part of the
organization’s budget; a planning tool that allocates resources
(such as money or personnel) to the activities and capital
needed to support the pursuit of strategies for a given time
period (typically a year).
Throughout this course you will work on the development of a
budget request for a healthcare product or service you propose
to the leadership of your organization. As you do so, you will
consider your audience for that request, financial and other
resources you will need to launch the initiative, and other
4. factors. You will utilize spreadsheets to help you analyze the
financial impact, and you will develop a business case to
advocate for your proposal to the leadership of your
organization.
Spreadsheet Orientation (optional)
Section 1
A spreadsheet is a category of software designed to help
analyze numeric information. Microsoft Excel is the most
common spreadsheet tool used in business.
Spreadsheets like Excel are especially useful when performing
financial calculations and analyses, such as those you will
conduct in subsequent assignments in this course to analyze the
financial impact of the initiative you propose. Spreadsheets
enable the quick manipulation and calculation of large amounts
of numeric data. When developed properly, they also help
conduct “what-if” analyses, allowing users to change certain
values to determine the impacts on results (such as profits).
The following material will guide you through completion of
the Assignment Spreadsheet Fundamentals. To complete this
assignment, you will need:
· This section of the Healthcare Budget Request Workbook:
Step-by-Step Guide
· The Excel file “Clinic.xlsx”, located in the Learning
Resources
The following is a practice exercise designed to introduce, or
provide practice for, the following:
· Creation of worksheet tabs
· Navigation of a worksheet
· Management of various types of worksheet data
· Creation of Excel formulas and functions
This guided exercise is optional and will not be graded. If you
5. are new to spreadsheets and/or Microsoft Excel, you are
strongly encouraged to complete this exercise to familiarize
yourself with important spreadsheet functionality that you will
utilize throughout this course. If you are already familiar with
these spreadsheet fundamentals, you may nevertheless benefit
from this activity as a refresher. Depending on your comfort
level with the material, you may choose to skip the practice
exercise and proceed to the next section, titled Assignment 1:
Step-by-Step Guide, to begin work on Assignment 1.
Practice Exercise (Optional): Spreadsheet Fundamental
The following exercise will help orient you to the basic
functionality of Microsoft Excel in preparation of Assignment
1. To complete this optional exercise, you will need:
· This section of the Healthcare Budget Request Workbook:
Step-by-Step Guide
· The Excel file “Clinic.xlsx”, located in the Learning
Resources
1) Download and open the file “Clinic.xlsx” located in the
Learning Resources.
Note: An open Excel file is also referred to as a workbook.
2) Spreadsheets organize screens of data by using columns and
rows. Columns are labeled with letters and rows with numbers.
The intersection of a row and column is referred to as a cell.
Cell locations, or addresses, are identified based on the letter of
the column and the number of the row. For example, the first
cell in the spreadsheet is referred to as “A1”. Cell addresses are
always shown in the Address box near the top of the screen.
3) Notice the tabs at the bottom of the screen that read
6. “HealthWaysBudget” and “HealthwaysFinancials”. When
clicked, these tabs open separate worksheets (individual pages
used to organize different categories of data within a
workbook).
4) In Excel, you can create many different worksheets within a
single workbook. For example, in this workbook the
HealthWaysBudget worksheet presents a budget report for the
organization, while the HealthwaysFinancials worksheet
presents several financial statements for the organization.
Note: Financial statements will be discussed in more detail later
in the course.
5) Create a new tab in this workbook. To do so:
a. Click the New sheet (“+” symbol) at the bottom of the screen.
b. To name the worksheet, double-click the tab and type
“Practice”.
Note: You can also rename the new tab by right-clicking the tab
and selecting “Rename”.
6) Note that there are various types of data used in Excel:
· Text is data that utilize letters. Numbers can also be used in
text data. However, these numbers must be used in conjunction
with letters, or must manually be set to text.
· Numerical data utilize numbers exclusively. Unlike text data
which can use numbers, numerical data cannot contain letters.
· Currency/Accounting data utilize numbers in conjunction with
a currency marker.
· Dates are pieces of data that denote a date and/or time. There
are multiple formats for dates within Excel.
· Percentage data are a subset of numerical data that is
converted into a percentage. Percentage data can be converted
back into numeric, and vice versa. Converting to numeric from
percentage will display the number as a decimal. For example,
89% would be converted to 0.89.
7. 7) Enter the following text and numeric values on the Practice
worksheet in the cell locations shown below:
8) Note that the text in columns H and I may be cut off as you
type in adjacent columns. This is because the column is not
currently wide enough to display the text without overlapping
into the next column. To adjust column widths:
a. Place your mouse pointer between the two columns in the
header area between any two columns that you wish to adjust;
the column to be increased should be on the left. Double-click
the mouse and the column will automatically adjust to the
required size to display the results.
b. Using the same approach above, you can drag your mouse
(instead of double-clicking) to manually adjust the column to
your preferred width. Note that the precise size is displayed as
you drag your mouse.
c. You can also click the entire column by clicking the column
header. This highlights the entire column. From here you can
then right-click anywhere in the column and choose “Column
Width”, then replace the current value with a desired value.
Note: If a column is too narrow to display numeric values, a
series of repeating “#” symbols will appear.
9) Save your work by clicking the SAVE icon in the title bar (or
by choosing ‘File’ and ‘Save’).
Note: Be sure to save your work frequently.
10) Excel allows for most primary formatting of text and
numeric data, such as typeface (bold, underline, etc.), font size
and color, cell color, etc. Most of these options are available in
the menu ribbon on the top of the screen (much like MS Word).
If you like, make various formatting changes, such as boldface
for column headings.
11) One of the most important features of Excel is the ability to
8. use formulas and functions. An Excel formula is a statement
you enter in a cell to calculate a value or perform some similar
action. Formulas contain a combination of operators and
operands. In effect you write a formula to “teach” Excel how to
calculate a value.
12) Functions are similar to formulas, but they are prewritten
formulas that are “built into” Excel, via the function bar. You
only need to populate certain elements of a function, such as the
range of cells (typically a contiguous group of cells) needed to
calculate the value.
13) Use the SUM function to calculate totals. To do this:
a. Navigate to cell C10.
b. Click the AutoSum button from the task bar
c. Drag your mouse pointer over the range of values to be
summed (in this case, C4 through C8)
d. Hit the ENTER key. The result in cell C10 should be 1221,
meaning 1,221 units were sold across all product lines in
January.
Note: Excel contains the AutoSum key as a shortcut because the
SUM function is used so frequently. You can also manually type
the sum function as=SUM(C4:C8),yielding the same results.
e. Calculate totals for February and March (cells D10 and E10).
If you are successful, your results should be 1970 (for cell D10)
and 894 (for cell E10).
f. Calculate total units sold of Product A for the quarter (cell
F4). If you are successful, your result should be 2036.
Note: If you click cell F4 after you have entered your function,
you will see the result. If you examine the formula bar near the
top of the screen, you will see the actual contents of the cell,
which is your function (=SUM(B4:E4) ).
g. A powerful feature of Excel is the ability to copy formulas
and functions. This enables you to create a formula or function
once but use it many times without retyping. Using this you can
copyyour function from cell F4 and paste it in cells F5 through
9. F8. To do this:
i. Click on cell F4.
ii. Hover the mouse pointer on F4 until you see a small square
in the bottom right corner of the cell. This is referred to as the
“fill handle”.
iii. Click and drag the fill handle (your mouse pointer will
change to a crosshair “+” symbol) until you have highlighted
Cells F5 through F8.
iv. Release the mouse button. The function will now be pasted
in the highlighted cells.
Note: If you click cell on any cell in your pasted range, you will
see the function displayed in the formula bar near the top of the
screen.
h. Your worksheet should now look as follows:
14) SUM is just one of many Excel functions. Another in the
AVERAGE function, which will calculate the average of a
range. To calculate the average number of products across all
product lines sold in January, do the following:
a. Navigate to cell C11.
b. Enter the following text:
=AVERAGE(
c. Highlight the range C4 through C8 (or type
=AVERAGE(C4:C8) )
d. Hit ENTER
e. If you are successful, C11 should contain the value 244.2.
15) Using the AVERAGE function (or copying the function
from cell C11), calculate averages for March and April in cells
D11 and E11. Similarly calculate average units sold per product
line by using or copying the AVERAGE function in cells G4
through G8. If you are successful, your worksheet should now
look as follows:
16) You can also use the SUM function to calculate the total
number of products sold in Q1. Use the SUM function in cell
D13 to calculate this value by summing the values in C10
10. through E10. If you are successful, the result will be 4085.
17) You can write a formula to calculate revenue, which is
price/unit times number of units sold, by using the asterisk “ * ”
symbol for multiplication. To do this:
a. Navigate to cell H4.
b. Enter the formula =B4*C4 and press ENTER
18) Copy or retype the formula to calculate appropriate revenue
values for all product lines in all months in cells H5 through J8.
19) Lastly, navigate to cell D14 and calculate the total revenue
in Q1 by using the SUM function to add all values between H4
through J8. If you are successful, your worksheet will look as
follows:
Note: You have completed the practice exercise. Return to the
Healthcare Budget Request Step-by-Step Guide Section 2 when
you are ready to begin work on Assignment 1.
Assignment 1: Spreadsheet Fundamentals
Section 2
Spreadsheet software like Excel is widely used when making
proposals like the one you are preparing for a new healthcare
product or service. Spreadsheet skills are valuable whenever
there is a need to develop, analyze, and/or present financial and
other numeric information.
In Assignment 1 Spreadsheet Fundamentals, you will analyze
data pertaining to a fictitious healthcare organization,
HealthWays Clinic Inc. You will perform various calculations
and analyze the results.
The following material will guide you through completion of
the assignment. To proceed, you will need:
· This section of the Healthcare Budget Request Workbook:
Step-by-Step Guide
· The Excel file “Clinic.xlsx”, located in the Learning
11. Resources
Assignment 1: Step-by-Step Guide
1) If you have not done so already, download and open the file
“Clinic.xlsx” located in the Learning Resources.
Note: Be sure to save the file to the location you typically save
documents and resave after each step to avoid losing work.
2) Navigate to the worksheet labeled “HealthWaysBudget”
3) Develop formulas or functions that calculate totals for the
budgeted and actual encounters for June 2018, May 2018, and
2018 Year-to-Date (YTD) in the appropriate shaded cells of row
12.
4) Develop formulas or functions that calculate the variance
between June 2018 budgeted and actual amounts in the
appropriate shaded cells in Column D.
5) Develop formulas or functions that calculate totals for
personnel expenses and non-personnel expenses in the
appropriate shaded cells in rows 17 and 24.
6) Develop formulas or functions that calculate totals for health
center expenses and their variances in the shaded cells in B25
through G25.
7) Create a new worksheet tab titled “Assignment 1”.
8) On the Assignment 1 Worksheet, answer the following
question related to the results of your calculations:
a. What interpretations can you make based on the data? What is
happening in regard to such measurables as:
i. The full-time equivalents (FTE) for HealthWay employees
ii. The number of encounters, both new and established
iii. Non-personnel expenses
iv. Total expenses
b. If these trends continue, what could it mean for HealthWays?
What strategies might they employ to address any issues your
analysis suggests?
9) Save and submit your file to the Assignment 1 submission
link by the due date specified in the classroom.
12. Note: You have completed Assignment 1. Return to the
Healthcare Budget Request Step-by-Step Guide Section 3 when
it is time to begin the next Assignment.
Assignment 2: Healthcare Budget Request and Workbook
Template
Section 3
This assignment has two parts. Part 1 is the development of an
executive summary. Part 2 is the development of an Excel
workbook template to be used throughout the course and you
analyze data related to your proposed healthcare product or
service. Be sure to read the details and directions as presented
in the Blackboard classroom for this week.
Part 1: Executive Summary
Your executive summary will be a critical first component of
your formal healthcare budget request. It will be your first real
opportunity to sell leadership and other stakeholders on the
value of your proposed product or service. Hence it should be
persuasive. It should also be informative without explaining
every facet in more detail that anyone cares to read up front. It
should outline why the organization should invest resources in
your idea. It should be specific and focus on results.
For the purposes of this Assignment, your executive summary
should be 1-2 pages in length. Be sure to review the Learning
Resources and conduct your own research to review samples of
executive summaries (many examples can be found online).
Be sure to save your Executive Summary and submit it to the
appropriate Assignment 2 Part 1 submission link by the due date
specified in the classroom.
Part 2: Workbook Template
As you progress through this course on the development of your
Healthcare Budget Request, you will apply financial ratios and
other calculations to make the business case for your idea. In
13. this Part 2 of this Assignment, you will develop a workbook
that will be used in subsequent Assignments for use in your
analysis. To do this:
1) Open a blank Excel workbook. Name this
“lastname_firstname_assn2part2.xlsx” (where
“lastname_firstname” is your last and first name).
2) Create a worksheet for each analysis you will conduct in
subsequent parts of your Health Budget Request. Name each
worksheet as follows:
· A3 Estimated Expenses
· A4 Budget Development
· A5 Ratio Analysis
· A6 Financial Statement Analysis
3) On each worksheet, include a title/header that reads similar
to the following:
You may format these however you see fit, but you should make
each worksheet presentable as these will be used by
stakeholders considering your budget request.
4) Save and submit the workbook to the appropriate Assignment
2 Part B submission link by the due date specified in the
classroom.
Note: You have completed Assignment 2. Return to the
Healthcare Budget Request Step-by-Step Guide Section 4 when
it is time to begin the next Assignment.
Assignment 3: Healthcare Budget Request – Estimating
Expenses
Section 4
One aspect of your proposal that will be of particular interest to
decision-makers is expense. New products and services come
14. with a myriad of costs associated with development, launch, and
implementation. These costs may include human
resources/personnel, equipment and supplies, marketing,
training, and many more. Leadership and other decision-makers
must fully understand these costs to make informed decisions
about which initiatives to pursue and what level of resources
commit the provision of resources.
What is Return on Investment?
An estimation of expenses provides a significant component of
potential return on investment. As discussed in the Learning
Resources, return on investment(ROI) is a financial measure
that attempts helps evaluate profitability of an investment or a
project. ROI seeks to quantify the amount of return on a
particular investment in light of the total cost (expense). ROI is
calculated as:
ROI = (Value of the investment – cost of the investment) / Cost
of the investment
The total value of the investment represents revenues and other
quantifiable value and the total cost of the investment
represents expenses. When working with a proposal, as you are
doing in this assignment, estimates must be used for these
values.
Note: ROI is usually expressed as a percentage (multiplying the
above formula by 100).
ROI is one of the most popular profitability ratios because of its
flexibility and versatility. Essentially, ROI can be used as a
gauge of an investment’s profitability. It is a relatively easy
calculation and can be clearly interpreted. If an investment’s
ROI is net positive, it is probably worthwhile. But if other
opportunities with higher ROIs are available, these signals can
help decision-makers eliminate or select the best options.
Likewise, negative ROIs imply a net loss and should be
avoided.
15. Part 1: Expense/Revenue/ROI Analysis:
For this Assignment, you will estimate the expenses associated
with your proposed healthcare product or service. You will also
estimate the value of the investments and calculate the return on
investment. To do this:
1) Open the lastname_firstname_assn2part2.xlsx file you
created in the previous Assignment.
2) Navigate to the A3 Estimated Expenses worksheet.
3) Identify each estimated expense associated with your
proposed idea. Be sure to include every expense you can
legitimately estimate, including startup expenses needed to
launch your proposed product or service. Label each
appropriately, with enough description to make it clear what the
item is and what the estimated cost involves.
4) Identify each of the estimated revenues associated with your
proposed idea. Be sure to label each appropriately, with enough
description to make it clear what the item is and any necessary
details regarding sources of revenues (including
reimbursements).
5) Write a function or formula that calculates the total estimated
expenses and revenues for the next 5-year period.
6) Write a function or formula that calculates the estimated
return on investment (ROI) for your proposed idea.
7) Save the workbook as lastname_firstname_assn3part1.xlsx
and submit the workbook to the appropriate Assignment 3 Part 1
submission link by the due date specified in the classroom.
Part 2: Summary of Analysis and Interpretation of Results:
1) In a separate Word document, create a brief (1- to 2-page)
description of your analysis that clearly describes the estimated
financial impact of your proposed idea. Interpret the results by
explaining what your ROI calculation means to the
organization.
2) Save the document and submit the to the appropriate
Assignment 3 Part 2 submission link by the due date specified
16. in the classroom.
Note: You have completed Assignment 3. Return to the
Healthcare Budget Request Step-by-Step Guide Section 5 when
it is time to begin the next Assignment.
Assignment 4: Healthcare Budget Request – Budget
Development
Section 5
This section will help prepare you to complete Assignment 4:
Healthcare Budget Request – Budget Development. But before
beginning work on the assignment, it may be helpful to review
budgets and the role of the budget request you are developing.
What is a budget?
When you set a personal objective like purchasing a new car,
you need a plan to make your dream a reality. When
organizations make plans to make objectives, they establish
strategies to achieve them. And just as finance plays a major
role in achieving your personal objective, so too does
accounting and finance impact organizational objectives.
Accounting has two important functions that directly impact
strategy: planning and control. Planning is the process of
establishing and communicating goals. Organizations do this in
several ways, often beginning with organizational vision or
mission statements that are reflected in subsequent goals. As
goals are considered, the organization begins evaluating the
resources needed to make goals a reality. Once a goal is
established, an important part of the planning is creation of a
budget, a planning tool that allocates resources (such as money
or personnel) to the activities and capital needed to support the
strategy. As discussed throughout this course, resources are
limited so strategic planning requires effective resource
allocation.
A budget is an estimation of revenue and expenses over a
17. specified future time. Because they project to a future point,
budgets are considered plans. Budgets are an integral part of
running any organization efficiently and effectively, whether
they be private, public, profit, nonprofit, or government
organizations.
Budgets enable the actual financial operation of the business to
be measured against the forecast. If a detailed budget is created
properly, it makes it easier to follow up on what had gone as
expected and what hadn’t.
In short, budgets enable the following activities:
· Planning: Budgets are planning tools necessary for building a
framework for the organization and its finances. Combining past
trends with realistic forecasts for the fiscal year, a budget
provides a detailed view of assets, realistic revenue
expectations, and how those balance against anticipated
expenses.
· Evaluation: Budgets are necessary for evaluating
organizational performance. Part of budgeting responsibly is
tracking actual revenue and expenses and comparing them to
what was budgeted. This helps to assure that the organization is
adhering to its plans, while also helping to identify problems
and opportunities.
· Financing: Budgeting helps show lenders or potential
investors evidence of strong fiscal practices, which can help
raise the money needed to acquire goods and services needed
for growth.
· Staffing: Budgeting helps identify and plan for staffing needs.
18. Very often an organization will not create openings and actively
recruit until the budget for staffing has been developed and
approved.
Just as there are short-term, long-term, and strategic plans,
there are short-term, long-term, and strategic budgets.
Organizations also create budgets to monitor sales growth, track
cash within the organization, and acquire capital and other
goods and services.
Types of Organizational Budgets
Cash (or cash flow) budget
Projects how and when cash comes in and flows out of the
organization within a specified time period.
Master budget
Aggregate of the organization’s individual budgets designed to
present a complete picture of its financial activity and health.
Sales budget
Estimate of sales for a future financial period.
Direct staffing budget
Calculates the number of staff/labor hours that will be needed to
operate at anticipated capacity.
Selling and administrative expense budget
Comprised of the budgets of departments such as the sales,
marketing, accounting, engineering, and facilities departments.
Capital budget
A budget allocating money for the acquisition or maintenance of
19. fixed assets such as land, buildings, and equipment.
Operation budget
A forecast and analysis of projected income and expenses over
the course of a specified time period.
Organizations develop several types of budgets, each with
different needs in mind. While not every organization will need
every type of budget, it should be clear that budgeting can
impact every facet of an organization.
The Budgeting Process
The process of creating and maintaining budgets is referred to
as budgeting. Budgeting is often a collective process in which
the different operating units within the organization prepare
their plans in alignment with the corporate/strategic goals.
Budgeting is part planning, part controlling. In the planning
phase, the organization prepares budgets by projecting needs. In
the controlling phase, organizations compare budgets to the
original projections to evaluate performance.
The process organizations use to develop their budgets is
usually referred to as the budgeting process. This process can
vary by organization. Large hospitals, for example, approach
budgeting as a collective process, with each department or unit
contributing goals and budgets that align with the achievement
of the corporate goals. Department or unit managers prepare
projections of sales, operating costs, overhead costs, and capital
requirements. They calculate operating profits and returns on
the investment they intend to use. The budget itself is the
projection of these values for the next calendar or fiscal year.
As part of this process, each unit presents its plans and budget
to a reviewing upper management panel and may, thereafter,
make whatever changes result from instructions from or
negotiations with the higher level. Approved budgets then
become the “road-map” for operations in the coming year.
20. Ideally regular reviews track performance against the budget.
As part of such reviews, changes to the budget may be
approved.
In smaller organizations, like small clinics, the process is
typically less structured. Some small organizations may not
even develop a budget or, if they do, they may fail to consult it
on a regular basis. For others, a single master budget may be
appropriate, developed by the owner or a small budget or
leadership team.
Note: Your healthcare budget request is a step in the budgeting
process. By making a case for your ideas, you are requesting
that resources be accounted for when new budgets are made.
What is Capital?
One specific type of budget is the capital budget. Every
organization requires money to carry on its activities. Capital is
a broad term that represents the financial assets of the
organization. Included under this umbrella are such items as
money the organization holds, and certain types of equipment
and facilities. There are two categories of capital: fixed capital
and working capital.
Fixed capital refers to the capital invested in fixed, long-term
assets for business. Long-term assets are durable items with a
useful life of more than one year. Hence fixed capital is the
money invested in purchasing assets like facilities, equipment,
land, furniture, fixtures, vehicles, and other similar items.
Working capital is used to finance day-to-day business
operations. Working capital is invested in current assets, which
are sold, consumed, or used through operations of the
organization. Hence working capital is invested in materials,
work in progress, finished goods, receivables (money owed to
the organization), cash, and other items. Working capital is
necessary to make appropriate use of fixed capital.
The elements of capital complement each other in a sense that
fixed capital is needed to launch a business or a
project/proposal (such as your new healthcare product or
21. service), and often is required to meet long-term strategic
objectives. Working capital is needed to use the fixed assets of
the business, as there is no use for facilities and equipment if
there are no materials to maintain development and provision of
goods and services. So, working capital ensures the profitable
use of fixed assets of the company.
Note: Your proposal for a new healthcare product or service
may call for a capital expenditure, possibly on fixed capital.
This means that your organization will have to account for at
least some of the expense in the capital budget.
Capital Budgets
If you were to purchase exercise equipment for a home gym, the
expenditure could be considered an investment in your long-
term health and fitness. Similarly, capital represents
investments in the long-term health and fitness of the
organization. Because of the nature and importance of these
investments, they must be evaluated and planned for. This
planning is manifested in special budgets called capital budgets.
Capital budgeting is the process in which an organization
identifies and evaluates potential capital expenses and
investments, particularly large investments. This include
investments in projects such as building a new facility or
potentially investing in a long-term venture. Resources are
limited and organizations cannot make every investment that
may add value. Through capital budgeting, organizations decide
which long-term investments to make.
Capital Budgeting projects are expected to generate cash flows
over several years. The decision to accept or reject a project
such as the one you are proposing throughout this course
depends on an analysis of the cash flows generated by the
project and its cost.
One way this evaluation is conducted is by calculating the
payback period of the investment. The payback period
represents the time required for a capital expense to recover its
initial cost and is based on net cash flows (NCF). The payback
22. period is calculated as:
Final year with a negative cash flow
Absolute value of NCF in that year
Total cash flow in the following year
+
Payback period =
Consider a capital investment with the following cash flows:
Year
Cash Flow ($)
Net Cash Flow ($)
0
-1000
-1000
1
500
-500
2
400
-100
3
200
300
4
200
300
5
100
400
For this investment the payback period, or breakeven point,
23. occurs sometime during the third year. The payback period can
be calculated as 2 + (100)/(200) = 2.5 years. So it will take the
organization 2.5 years to recover the initial costs of that capital
expenditure.
Note: Providing this type of analysis in your proposal for a new
healthcare product or service will help decision-makers see the
financial impact of your idea when making budgetary plans.
Budgeting Variances
A budget variance is the difference between the budgeted values
(amounts of expenses or revenues) and the actual amounts. The
budget variance is favorable when the actual revenue is higher
than the budget or when the actual expense is less than the
budget. However, sometimes good budgets go bad and a budget
variance is negative. These variances are referred to as
unfavorable because the actual revenue is lower that the
budgeted amount, or the actual expense is higher than the
budgeted amount.
Budget variance is frequently caused by bad assumptions or
inappropriate budgeting. For example, developers of the budget
may purposely develop budget targets that are easy to reach to
manipulate successful outcomes.
Organizational leadership takes great interest in budget
variances, particularly if it is a recurring issue. If the variance
is the result of a change in some business condition, there is
likely no cause for alarm. For example, if a supplier raises the
price of a component, the organization’s costs will increase as a
reflection. This is likely a one-time happening that does not
indicate a budget issue long-term. But when the issue surfaces
often, it could mean the budget process is ineffective or worse –
that management is ineffective.
24. Assignment 4: Healthcare Budget Request – Budget
Development
Part 1: Develop the Budget Worksheet
For Part 1 of this Assignment, you will develop a sample budget
for the healthcare product or service you have proposed. You
will also apply ratios to analyze the budget and provide
information that can guide choices. To do this:
1) Review the Learning Resources, particularly those on
creating budgets.
2) Open the lastname_firstname_assn3part1.xlsx file you
created in the previous Assignment.
3) Navigate to the A4 Budget Development worksheet.
4) Create a 5-year budget for the healthcare product or service
that records the projected expenses and revenues associated
with the healthcare product or service you have proposed. Be
sure to include startup and operating expenses in your budget.
5) Develop formulas or functions that calculate the following:
a) The total estimated startup expenses (those occurring in year
0) for your product or service. Be sure to label each
appropriately, with enough description to make it clear what the
item is and any necessary details regarding sources of revenues
(including reimbursements).
b) The total estimated expenses and costs per year and for the
five-year period for your product or service
Note: “Total estimated expenses” should match those you
presented on the A3 Estimated Expenses worksheet (from the
previous Assignment).
c) The payback period for your product or service idea
Note: The values used for this calculation – including estimated
revenues, should match those you presented on the A3
Estimated Expenses worksheet (from the previous Assignment).
d) Include any other ratios or other analyzes that you believe
25. will strengthen your business case or help inform the decision-
making process.
6) Save the workbook as lastname_firstname_assn4part1.xlsx
and submit the workbook to the appropriate Assignment 4 Part 1
submission link by the due date specified in the classroom.
Part 2: Summary of Analysis and Interpretation of Results
For Part 2 of this Assignment, you will describe your budget
and analysis. To do this:
1) Create a brief (1- to 2-page) description in a Word document
of your budget and analysis. Your description should clearly
describe the budget.
2) During the course of five years, is there an estimated surplus
or deficit?
3) What percentages of the budget are dedicated to various
categories you have defined, such as startup costs, etc.?
4) What are some risks that could create budget variances over
the five-year period of your analysis? Are there any strategies
that can help mitigate the risk of unfavorable variances?
5) What does this budget mean for your organization?
6) Save and submit the document to the appropriate Assignment
4 Part 2 submission link by the due date specified in the
classroom.
Note: You have completed Assignment 4. Return to the
Healthcare Budget Request Step-by-Step Guide Section 6 when
it is time to begin the next Assignment.
Assignment 5: Healthcare Budget Request – Ratio Analysis
Section 6
New initiatives like the one you are proposing in this course are
26. expected to generate value (such as cash flows) over several
years. Therefore the decision to accept or reject a project
depends on an analysis of the cash flows generated by the
project and its cost.
One way this evaluation is conducted is by calculating the
payback period of the investment. The payback period
represents the time required for a capital expense to recover its
initial cost and is based on net cash flows (NCF). The payback
period is calculated as:
Final year with a negative cash flow
Absolute value of NCF in that year
Total cash flow in the following year
+
Payback period =
Consider a hospital making a capital investment with the
following cash flows:
Year
Cash Flow ($)
Net Cash Flow ($)
0
-1000
-1000
1
500
-500
2
400
-100
3
200
27. 300
4
200
300
5
100
400
For this investment the payback period, or breakeven point,
occurs sometime during the third year. The payback period can
be calculated as 2 + (100)/(200) = 2.5 years. So, it will take the
hospital 2.5 years to recover the initial costs of that capital
expenditure.
Providing this type of analysis in your proposal for a new
healthcare product or service will help decision-makers see the
financial impact of your idea when making budgetary plans.
Assignment 5: Healthcare Budget Request – Ratio Analysis
Part 1: Develop the Ratio Analysis Worksheet
For Part 1 of this Assignment, you will use ratios to determine
the break-even point and payback period for your proposed
healthcare product or service. To do this:
1) Review the Learning Resources.
2) Open the lastname_firstname_assn4part1.xlsx file you
created in the previous Assignment.
3) Navigate to the A5 Ratio Analysis worksheet.
4) Develop formulas or functions that calculate the following:
a) The total estimated startup expenses (those occurring in year
0) for your product or service. Be sure to label each
appropriately, with enough description to make it clear what the
item is and any necessary details regarding sources of revenues
(including reimbursements).
Note: “Total estimated expenses” should match those you
28. presented on the A3 Estimated Expenses worksheet (from the
previous Assignment).
b) The break-even point for your product or service
c) The payback period for your product or service idea
Note: The values used for this calculation – including estimated
revenues, should match those you presented on the A3
Estimated Expenses worksheet (from the previous Assignment).
d) Include any other ratios or other analyzes that you believe
are applicable and will strengthen your business case or help
inform the decision-making process.
5) Save the workbook as lastname_firstname_assn5part1.xlsx
and submit the workbook to the appropriate Assignment 5 Part 1
submission link by the due date specified in the classroom.
Part 2: Summary of Analysis and Interpretation of Results
For Part 2 of this Assignment, you will describe your ratio
analysis. To do this:
1) Create a brief (1- to 2-page) description in a Word document
of your budget and analysis. Your description should clearly
describe the budget.
2) When will your organization’s investment(s) in the
healthcare product or service break even?
3) What is the payback period?
4) What assumptions have you made in your analyses?
5) What do these analyses mean for your organization?
6) Save and submit the document to the appropriate Assignment
5 Part 2 submission link by the due date specified in the
classroom.
Note: You have completed Assignment 5. Return to the
Healthcare Budget Request Step-by-Step Guide Section 7 when
it is time to begin the next Assignment.
Assignment 6: Final Healthcare Budget Request
29. Section 7
A healthcare budget request has one primary purpose; to
convince leadership to dedicate necessary resources to a project.
But there are multiple challenges that must be met along the
path toward achieving that goal. Those behind the budget
request must demonstrate sensitivity toward budget concerns
across the organization while also trying to sell their own
initiative.
Understanding the financial health of the organization can
provide helpful insight that may in turn help better develop the
business case for a proposal. Among the ways to do this is by
reviewing and analyzing an organization’s annual financial
statements. These “organizational selfies” provide a financial
snapshot of the organization, with the organization’s income,
liabilities, equity, cash flows and more serving as the backdrop
to give readers a view into the status of the organization.
What are Financial Statements?
There are three financial statements used for reporting an
organization’s financial performance over time; the income
statement, the balance sheet, and the cash flow statement. These
three statements comprise the statement of financial
performance, an accounting summary that details a business
organization's revenues, expenses and net income.
Of these three statements, the income statement is most closely
aligned with performance. The income statement measures an
organization’s performance over a given period by presenting
the organization’s revenues and expenses, with the difference
being the organization’s income. The basic equation on which
an income statement is based is:
30. Revenues – Expenses = Net Income
Because of this, the income statement shows the organization’s
“bottom line”, revealing how profitable the organization is over
a certain period of time. The income statement takes into
account sales revenue, cost of goods sold and other operating
expenses and income.
The income statement is also known as a profit and loss (P&L)
statement, statement of earnings, statement of operations or
statement of income.
These statements are prepared monthly, quarterly or annually,
and give businesses a big picture of where they stand
financially. A corporation's accounting department may prepare
a statement of financial performance at any given point in time
or throughout the year, depending on business requirements.
Typical Income Statement
The information contained in the income statement is critically
important to the organization, investors, and other stakeholders.
An organization’s ability to generate earnings over the long
term is the key driver of stock prices. Net income is also the
source of compensation to shareholders (owners of the
company), and if a company cannot generate enough profit to
compensate owners for the risks they've taken, spending and
31. budgets are likely to decrease. Conversely, if a company is
healthy and growing, higher stock prices will reflect the
increased availability of profits. The information in the income
statement also can help determine if an organization will be
able to pay its debt obligations.
Another important financial statement is the balance sheet.
Balance sheets reflect where the organization stands financially
at a certain point in time. This statement of financial
performance presents assets, liabilities and shareholder equity
to make sure assets are equal to the other two factors. The
balance sheet incorporates the net income determined on your
income statement.
The basic equation on which a balance sheet is based is:
Assets = Liabilities + Shareholder’s Equity
Balance sheets provide a snapshot of what a company owns
(assets) and owes (liabilities), as well as the amount invested by
shareholders (shareholders’ equity). Like income statements,
balance sheets are prepared monthly, quarterly and/or annually.
Typical Balance Sheet
Several ratios can be derived from the balance sheet that help
investors get a sense of how healthy a company is. They do not
give a sense of the trends that are playing out over a longer
32. period and therefore should be compared with those of previous
periods.
The third primary financial statement is the cash flow
statement. Cash flow statements look at how money moves
through the organization. This statement shows increases and
decreases in cash from operations, investing and financing over
a period of time. In particular it takes the net income from the
income statement and adjusts it for any non-cash expenses.
Then, using changes in the balance sheet, it shows the net
change in cash balance. Cash flow statements contain three
sections: cash from operations, cash used in investing, and cash
from financing.
Typical Cash Flow Statement
Financial Statement Analysis
Note that the income statement terms “earnings”, “net income”,
and “net profit” are not the same as the statement of cash flow
terms “cash” or “cash flow”. It is possible for an organization to
be profitable on the income statement, but not be
generating cash flow, and vice versa. For this reason and others,
to see the most informative picture of the organization’s
financial status it is necessary to consider all three financial
statements.
There are several methods used to analyze financial statements.
One of the most common is to conduct a horizontal analysis,
which is basically a comparison of various values over 2 or
more years. For example, a 2016-1018 horizontal analysis of
33. ABC Corporation’s Net Revenue would yield a result of
(131,345 – 102,007) = $29,338.00. As this is a positive number,
net revenue has increased over this time which might suggest
that the organization is growing.
Another valuable analysis tool is the Return on Assets ratio or
ROA. Return on assets is an indicator of how profitable the
organization is relative to its assets. ROA suggests how
efficient a company's management is at using its assets to
generate earnings. Return on assets is displayed as a percentage,
and is calculated as:
Return on Assets = Net Earnings / Total Assets
For example, ABC Corporation’s 2016 ROA would be
calculated as 2,474 / 226,376 = .011, or 1.1%. This means that
every dollar that ABC Corp. invests in assets generates $1.10 of
net income.
Note: Horizontal analysis and ROA analysis are important for
projects as the one you are proposing because financially
healthy organizations (such as those with growing income
statement “bottom lines” and those with higher ROA values) are
more likely to seek investment opportunities, while those less
financially healthy may need to see the value beyond the
expense.
Assignment 6: Final Healthcare Budget Request
Recall that the budget request is a formal document that you’ll
need when seeking funding for your project or initiative. You
should write your budget request clearly and concisely, with the
goal of earning a place in the organizational budget for your
proposal.
In this Assignment you will reflect on work you have done
throughout the course and compile your efforts into a cohesive
34. final budget request. To do this, complete the following:
Part 1: Financial Statement Analysis
For Part 1 of this Assignment, you will analyze financial
statements to gain insight into how feasible your proposal is in
light of the current financial health of your organization. To do
this:
1) Secure the most recent two or three years of financial
statements (Income Statement, Balance Sheet, Statement of
Cash Flows) from your current organization, one you are
familiar with, or one you research online (for public and many
private healthcare organizations those statements are available
publicly).
Note: If you cannot find appropriate statements, you may use
the sample financial statements for HealthWays located in the
Clinic.xlsx file you used in Assignment 1 (located in the
Learning Resources). The financial statements for Healthways
are located on the “HealthWaysFinancials” worksheet.
2) Open the lastname_firstname_assn5part1.xlsx workbook you
created in the previous assignment, and navigate to the
“Financial Statement Analysis” worksheet.
3) Enter the data from your organization (or the one you have
researched) to create the Income Statement and Balance Sheet
on the “Financial Statement Analysis” worksheet.
Note: If you have chosen to use the HealthWays financial
statements, copy the Income Statement and Balance Sheet from
their original worksheets to the “Financial Statement Analysis”
worksheet.
4) Using formulas, conduct a horizontal analysis by calculating
changes over the periods of time for which you have statements.
Conduct your analysis for the following over the 2-3 years for
which you have statements:
· Changes in Revenue
· Changes in Expenses
35. · Changes in NetEarnings
5) Calculate the organization’s Return on Assets (ROA)
Part 2: Summary of Analyses and Interpretation of Results
In a Word document, create a brief (1- to 2-page) description of
your analyses. Be sure to address the following in your
summary:
1) Describe the results of each statement analysis. What do the
results of each analysis mean?
2) What does your complete financial statement analysis suggest
about the financial health of the organization?
3) If using your current organization’s data, does your analysis
help describe any observed organizational behaviors or actions?
Explain.
4) What assumptions have you made in your analyses?
5) What implications do these analyses have for your proposed
healthcare product or service?
Part 3: Summary of Work and Final Healthcare Budget Request
Compile and summarize your work in previous assignments.
You may choose to use the Healthcare Budget Request template,
located in the Resources, or create a format of your own. Your
final Healthcare Budget Request should include:
1) A final version of your Executive Summary
2) A final version of your projected expenses and revenues
3) A product/service budget for the launch and the first 5 years
4) A 3- to 5-slide PowerPoint presentation containing an
“elevator speech” highlighting the value of your proposal,
incorporating selling points from your analyses that you believe
make the business case for nurse entrepreneurship and
leadership’s commitment to your proposed healthcare product or
service.
Note: You have completed Assignment 6. Be sure to submit all
work by the due date identified in the classroom.
With this work submitted, you have completed the final course
36. assignment. Congratulations!
NURS 6211 Finance and Economics in Healthcare 1
20
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Discussion:
What does it mean to live below the poverty level? Determine
the income for a family of four living in poverty. Be sure your
response identifies income levels for poverty based on current
U.S. National averages.
Describe and analyze such a family's total monetary needs to
live one week, including housing expenses, food, childcare,
transportation, and all other possible expenses.
Imagine one of the children becomes ill on Wednesday,
requiring medical expenses and three days of lost wages for one
parent (roughly 100% of the total weekly budget). Explain the
consequences for the family, including consequences for the
family's budget and lifestyle. Discuss how they obtain food and
cover the various expenses associated with day-to-day living
and maintenance of well-being. Suggest one or two human
services that might be put in place to serve needs such as those
37. described in the scenario.
Nursing 6211 Finance and Economics in Healthcare Delivery -
Week 2 Assignment
Throughout this course, you will develop a comprehensive
Healthcare Budget Request to promote commitment from
leadership to your idea for a healthcare product or service to
address gaps or provide opportunities to your organization. We
started thinking about this in the week 1 discussion.
For this Assignment, you will begin this effort by developing an
executive summary for the proposal. You will also begin work
on a spreadsheet workbook that you will utilize to calculate and
present financial analysis in support of your idea.
Photo Credit: Getty Images/Vetta
This assignment has two parts. Part 1 is the development of an
executive summary. Part 2 is the development of an Excel
workbook template to be used throughout the course and you
analyze data related to your proposed healthcare product or
service. Be sure to read the details and directions as presented
in the Blackboard classroom for this week.
To Prepare
· Reflect on current gaps or opportunities for enhanced services
within your healthcare organization.
· Select one of these gaps or opportunities that you would like
to analyze and for which you would like to propose a healthcare
product or service solution.
· Reflect on the impact this issue/opportunity and
product/service solution have (or could have) on various
stakeholders and systems across your healthcare organization.
· Identify one or more individuals within your healthcare
organization to act as “finance counselor” with whom you can
consult on financial and budget items such as costing,
38. estimating, and budget request processes.
· Reflect on the current costs associated with the selected issue
or opportunity, including direct financial costs to the
organization and financial costs to patients, healthcare
providers, and other stakeholders. Also consider non-financial
costs, including opportunity costs.
· Consider how you would communicate a proposal to
leadership that addresses the selected issue/opportunity within
your organization.
The Assignment: Healthcare Budget Request - Executive
Summary:
Develop an executive summary and structure for a healthcare
budget request for your new product or service idea by
completing the following:
Part 1: Executive Summary
Using the Healthcare Budget Request Template, develop a 1- to
2-page executive summary that describes the issue or
opportunity that you are analyzing. In your executive summary,
you should:
· Describe the healthcare issue or opportunity you selected.
· Describe the stakeholder groups impacted by this
issue/opportunity.
· Explain which stakeholder groups would most likely be
responsible for helping you address the healthcare issue or
opportunity you selected and why. Be specific and provide
examples.
· Describe the healthcare product or service that you propose to
address the identified gaps/opportunities and explain why.
The instructions from the Healthcare Budget Request Workbook
say:
Part 1: Executive Summary
39. Your executive summary will be a critical first component of
your formal healthcare budget request. It will be your first real
opportunity to sell leadership and other stakeholders on the
value of your proposed product or service. Hence it should be
persuasive. It should also be informative without explaining
every facet in more detail that anyone cares to read up front. It
should outline why the organization should invest resources in
your idea. It should be specific and focus on results.
For the purposes of this Assignment, your executive summary
should be 1-2 pages in length. Be sure to review the Learning
Resources and conduct your own research to review samples of
executive summaries (many examples can be found online).
Be sure to save your Executive Summary and submit it to the
appropriate Assignment 2 Part 1 submission link by the due date
specified in the classroom.
Part 2: Workbook Template
As you progress through this course on the development of a
Healthcare Budget Request, you will apply financial ratios and
other calculations to make the business case for your idea. In
this component of the assignment, you will customize a
spreadsheet workbook and prepare it for use in your analysis.
To do this, you will:
· Review the Healthcare Budget Request Workbook Step-by-
Step Guide found in the Resources.Follow the instructions in
the guide, which will help you:
· Create a workbook tab for each analysis you will conduct in
subsequent parts of your Healthcare Budget Request.
· Format your spreadsheet and presentation of results.
The instructions from the Healthcare Budget Request Workbook
say:
Part 2: Workbook Template
As you progress through this course on the development of your
40. Healthcare Budget Request, you will apply financial ratios and
other calculations to make the business case for your idea. In
this Part 2 of this Assignment, you will develop a workbook
that will be used in subsequent Assignments for use in your
analysis. To do this:
1) Open a blank Excel workbook. Name this
“lastname_firstname_assn2part2.xlsx” (where
“lastname_firstname” is your last and first name).
2) Create a worksheet for each analysis you will conduct in
subsequent parts of your Health Budget Request. Name each
worksheet as follows:
· A3 Estimated Expenses
· A4 Budget Development
· A5 Ratio Analysis
· A6 Financial Statement Analysis
3) On each worksheet, include a title/header that reads similar
to the following:
You may format these however you see fit, but you should make
each worksheet presentable as these will be used by
stakeholders considering your budget request.
REFERENCES:
Penner, S. J. (2016). Economics and financial management for
nurses and nurse leaders (3rd ed.). New York, NY: Springer
Publishing Company.
· Chapter 10, “Writing a Business Plan” (pp. 249–292)
· Chapter 11, “Health Program Grant Writing” (pp. 303–350)
Clark-Burg, K., & Alliex, S. (2017). A study of styles: How do
nurse managers make decisions? Nursing Management, 48(7),
44–49. doi:10.1097/01.NUMA.0000520721.78549.ad
41. Waxman, K.T., & Massarweh, L. (2018). Talking the talk:
Financial skills for nurse leaders. Nurse Leader, 16(2), 101–
106. doi:10.1016/j.mnl.2017.12.008
Healthcare Budget Request
<Proposed product or service name>
Prepared by:
<Name>
Submitted:
<Date of submission>
Executive Summary
<Include your executive summary here, as completed in
Assignment 2 Part 1>
Projected Expenses and Revenues (Five Year)
<Include your 5-year projected expenses and revenue here, as
completed in Assignment 3 Part 1. Copy your final worksheet
here and include your analysis.>
Projected Budget (Five Year)
<Include your projected 5-year budget here, as completed in
Assignment 4 Part 1. Copy your final worksheet here and
include your analysis.>
Summary/Elevator Speech (PPT slides)
42. <Include a handouts view or other printout of your “elevator
speech” here, that highlights the value of your proposal,
incorporating selling points from your analyses that you believe
make the business case for nurse entrepreneurship and
leadership’s commitment to your proposed healthcare product or
service>
4