Your boss likes the directions that your recommendations have be.docx

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Your boss likes the directions that your recommendations have been going, and you have been asked to further develop the plan. The board and chief financial officer (CFO) will need to budget and plan for change implementation, but the health information management (HIM), compliance, and medical departments are concerned about compliance breach risk exposure. For this assignment, you will write a paper of 5–7 pages with at least 5 relevant and contemporary references that discusses the following: Continuing with the changes that you have suggested previously for the same organization that you chose in Unit 1, determine the implementation challenges for management and operations, marketing, finance and accounting, research and development, and information systems, focusing on compliance and breach protocols. Provide suggestions to overcome the challenges based on the organizational structure, communication methods, and training. Include a time line that indicates the timing at which each change should be evaluated for effectiveness and efficiency. ...

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Assignment 1: Financial Statement Analysis Select one (1) of the following publically traded health care organizations: Universal Health Services (NYSE: UHS) or Health Management Associates (NYSE: HMA). Suppose you are a newly appointed CFO of your chosen health care organization. One of your first tasks is to conduct an internal financial analysis of the organization. Conduct a brief financial analysis and review of the chosen company’s financial statements for at least three (3) consecutive years. After conducting the analysis, interpret the data contained within the statements. Write a three to four (3-4) page paper in which you: Based on your review of the financial statements, suggest a key insight about the financial health of the company. Speculate on the likely reaction to the financial statements from various stakeholder groups (employee, investors, shareholders). Provide support for your rationale. Identify the current industry trend that has the most significant impact on your chosen organization’s financial performance. Indicate the trend’s impact on the financial performance of the organization. As the CFO, suggest at least one (1) way that you might minimize the impact of the trend on the organization. As the CFO, suggest one (1) key strategy that you might use in order to improve the financial performance of the organization. Recommend an approach to implement the suggested strategy. Provide support for your recommendation. Use at least four (4) quality academic resources. Note: Wikipedia and other Websites do not qualify as academic resources. The specific course learning outcomes associated with this assignment are: Evaluate the financial statements and the financial position of health care institutions. Analyze the role of important financial reporting statements – income statement, balance sheet, and statement of cash flows – and explain how they relate to one another and to the underlying sources of data. Use technology and information resources to research issues in health financial management. Write clearly and concisely about health financial management using proper writing mechanics. .

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Week 5 Assignment - Strategic Financial Analysis Overview The purpose of this assignment is to familiarize you with financial statements, the need to align the financials and the strategic direction of the firm, and the process of performing horizontal and vertical analyses of a company's balance sheets and income statements. You will be provided with a scenario and a variances analysis. You will use the information in both to create a memo in which you demonstrate your audit financial statements and expenditures based on organizational priorities. Instructions Scenario You're a healthcare administration fellow at the prestigious Stanford Healthcare. You have been rotating through the various departments over the past nine months and now you have the honor of working under the mentorship of Chief Financial Officer Linda Hoff. Stanford Medicine includes Stanford Healthcare, Stanford Children's Hospital, and Lucile Packard Children's Hospital Stanford. This organization uses an integrated approach to strategic planning, which incorporates jointly agreed upon strategic priorities from its various entities. It also ensures a high degree of congruence in strategic focus by each entity. Before outlining the strategic priorities for Stanford Medicine, it is important to note that a firm's directional strategy comprises three discrete yet interwoven components: vision, mission, and goals (or, in this case, priorities). Armed with this knowledge, you have familiarized yourself with the vision, mission, and priorities of Stanford Medicine. Below is what you found. When examining a company's financials, it is prudent to keep the directional strategy of the company in mind. After all, in order to advance many strategic priorities, which include fulfilling the mission and positioning the organization to achieve its vision for the future, proper management of the firm's scarce resources is vital. Failure to properly manage the financial performance of the organization can compromise the company's ability to maintain a competitive advantage in the marketplace. Our Vision Precision Health: Predict. Prevent. Cure. Precisely. We will heal humanity through science and compassion by leading the biomedical revolution in precision health. Our Mission Improving Human Health Through Discovery and Care. Through innovative discovery and the translation of new knowledge, Stanford Medicine improves human health locally and globally. We serve our community by providing outstanding and compassionate care. We inspire and prepare the future leaders of science and medicine. Strategic Priorities A collaborative endeavor involving the entire community, the Stanford Medicine integrated strategic planning process yielded a framework that is human-centered and discovery-led, focused on three overarching priorities for our enterprise. By enhancing our strengths and achieving our goals in these priority areas, we will amplify our preeminence and remain uniquely po.

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Assignment 1: Financial Statement Analysis Due Week 4 and worth 200 points Select one (1) of the following publically traded health care organizations: Universal Health Services (NYSE: UHS) or Health Management Associates (NYSE: HMA). Suppose you are a newly appointed CFO of your chosen health care organization. One of your first tasks is to conduct an internal financial analysis of the organization. Conduct a brief financial analysis and review of the chosen company’s financial statements for at least three (3) consecutive years. After conducting the analysis, interpret the data contained within the statements. Write a three to four (3-4) page paper in which you: 1 Based on your review of the financial statements, suggest a key insight about the financial health of the company. Speculate on the likely reaction to the financial statements from various stakeholder groups (employee, investors, shareholders). Provide support for your rationale. 2 Identify the current industry trend that has the most significant impact on your chosen organization’s financial performance. Indicate the trend’s impact on the financial performance of the organization. As the CFO, suggest at least one (1) way that you might minimize the impact of the trend on the organization. 3 As the CFO, suggest one (1) key strategy that you might use in order to improve the financial performance of the organization. Recommend an approach to implement the suggested strategy. Provide support for your recommendation. 4 Use at least four (4) quality academic resources. Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. • The specific course learning outcomes associated with this assignment are: • Evaluate the financial statements and the financial position of health care institutions. • Analyze the role of important financial reporting statements – income statement, balance sheet, and statement of cash flows – and explain how they relate to one another and to the underlying sources of data. • Use technology and information resources to research issues in health financial management. • Write clearly and concisely about health financial management using proper writing mechanics. .

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Read the scenario below. Then draft a 3–4 page business memorandum to Linda Hoff, Stanford's CFO. In your memo, codify your findings and interpretations from the horizontal and vertical analyses and the level of alignment between the company's fiscal management and its strategic direction. Include an Excel spreadsheet as an attachment to the memo. In this memo you will: Review the year-over-year variances contained in the audited Stanford balance sheets and income statements, which are contained within the provided Week 5 Assignment Spreadsheet [XLSX] for fiscal years 2015 through 2018. You'll be expected to pay particular attention to the negative variances (color coded in "red") that you believe to be potentially the most impactful to Stanford. Speculate as to the reasons for the negative variances. Examine the common size balance sheets and income statements looking for abnormally low or high ratios based on what you know about the line item and what you observe in the data for the other fiscal years. Look for patterns in the line items over time (2015 through 2018) and identify any unusual findings that may need to be examined further. Make a judgement regarding the alignment of the organization's fiscal management with its strategic direction of the firm. Fiscal management is based on your horizontal and vertical analyses. The strategic direction is based on the vision, mission, and strategic priorities of Stanford. Purpose The purpose of this assignment is to familiarize you with financial statements, the need to align the financials with the strategic direction of the firm, and the process of performing a horizontal and vertical analysis of a company's balance sheets and income statements. The Scenario You're a Healthcare Administration Fellow at the prestigious Stanford Healthcare. You have been rotating through the various departments over the past 9 months and now you have the honor of working under the mentorship of Linda Hoff, Chief Financial Officer. Stanford Medicine includes Stanford Healthcare, Stanford Children's Hospital, and Lucile Packard Children's Hospital Stanford. This organization uses an integrated approach to strategic planning, which incorporates jointly agreed upon strategic priorities from its various entities. It also ensures a high degree of congruency in strategic focus by each entity. Before outlining the strategic priorities for Stanford Medicine, it is important to take note that a firm's directional strategy is comprised on three separate yet interwoven components: vision, mission, and goals (or, in this case, priorities). Armed with this knowledge, you have taken the necessary step and located and familiarized yourself with the vision, mission, and priorities of Stanford Medicine. Below is what you found. When examining a company's financials, it is prudent to keep the directional strategy of the company in mind. After all, in order to advance many strategic priorities, which include fulfi.

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5/1/2019 Business Process Management - Pages 576 - 578 https://purdueuniversityglobal.vitalsource.com/#/books/9781136172984/cfi/612!/4/[email protected]:0.00 1/3 PRINTED BY: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. 5/1/2019 Business Process Management - Pages 576 - 578 https://purdueuniversityglobal.vitalsource.com/#/books/9781136172984/cfi/612!/4/[email protected]:0.00 2/3 PRINTED BY: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. 5/1/2019 Business Process Management - Pages 576 - 578 https://purdueuniversityglobal.vitalsource.com/#/books/9781136172984/cfi/612!/4/[email protected]:0.00 3/3 PRINTED BY: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. My case Study: Measurement and Analysis Case Study: Boston Children’s Hospital; Boston, Massachusetts Warbird develops custom data measurement tool to help world-renowned children’s hospital increase international market share The Opportunity Recognized as one of the most prestigious and high quality tertiary and quaternary care centers for children in the world, Boston Children’s Hospital sought to increase its share of the global market for children’s healthcare services. According to CFO David Kirshner, although Children’s is renowned for several areas of clinical expertise, there was growing concern about overseas competitors. “We needed to get our arms around how to best measure our international business information flow and ability to process our patients in a timely and effective manner.” David knew that hospital decision-makers would need concise and timely data about the strengths and weaknesses of the international business and patient flow process within the Children’s system in order to grow international market share. He engaged Warbird Consulting Partners, a professional services firm specializing in value-driven organizational solutions, to develop a measurement and analysis tool designed specifically for hospital executives and physician leaders. The Solution David and Steve Nichol, Children’s lead director of the measurement effort, worked with Doug Fenstermaker, Warbird Consulting Partners’ managing director and leader of the company’s healthcare practice. A former healthcare executive with 18 years’ experience as a hospital CFO, Doug helped David and Steve develop a detailed measurement device that identified core indicators, process-oriented performance indicators and data elements that would need to be captured. The data would be provided in an easy-to-use dashboard interface that both meshed with and reflected progress on Children’s newly-developed in.

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