Health Facilities Management
Working capital, or actual cash available for spending, is the key to a successful organization. In a health care organization, it is important to determine how much cash is available to run the day-to-day operations. For this Discussion, you analyze the working capital of a health care organization of your choice.
To prepare for this Discussion:
Locate and select financial statements for a particular health care organization. Analyze the working capital of the organization.
Consider the impact of regulations, business plans, and economic dynamics on the working capital requirements of the business. Is there sufficient working capital for business operations of the organization you selected?
write a cohesive response to the following:
Analyze the working capital of the health care organization you selected. Evaluate the impact of regulations, business plans, and economic dynamics on the working capital requirements of the business. Include whether or not there is sufficient working capital for business operations and explain why.
Support your response by identifying and explaining key points and/or examples presented in the Learning Resources.
Learning resoureces
Required Readings
Zelman, W. N., McCue, M. J., Glick, N. D., & Thomas, M. S. (2014). Financial management of health care organizations: An introduction to fundamental tools, concepts and applications (4th ed.). San Francisco, CA: Jossey-Bass.
Chapter 5, “Working Capital Management” (pp. 209–243)
Chapter 10, “Budgeting” (pp. 465–493)
Chapter 11, “Responsibility Accounting” (pp. 521–544)
Chapter 12, “Provider Cost-Finding Methods” (pp. 551–571)
Esquibell, T., & Spivey, K. (2015, 01). Budgeting best practices. Health Facilities Management, 28(1), 22–25.
Note:Retrieved from the Walden Library databases.
Mitton, C., Dionne, F., & Donaldson, C. (2014). Managing healthcare budgets in times of austerity: The role of program budgeting and marginal analysis. Applied Health Economics and Health Policy, 12(2), 95–102.
Note:Retrieved from the Walden Library databases.
Ontario Hospital Association. (2014). Budget and operating plan 2014-2015. Retrieved from https://www.oha.com/AboutUs/StrategicPlan/Documents/OHA_Budget_and_Operating_Plan_2014-2015.pdf
Peavler, R. (n.d.). Example of a Financial Budget for a Small Business. Retrieved from http://bizfinance.about.com/od/typesofbudgets/a/budgeting-how-to-do-financial-budget-for-small-business.htm
Microsoft, Inc. (2016). Excel Training. Retrieved from https://support.office.com/en-us/article/Excel-training-9bc05390-e94c-46af-a5b3-d7c22f6990bb?ui=en-US&rs=en-US&ad=US
Microsoft, Inc. (2015b). Excel 2010 videos and tutorials. Retrieved from https://support.office.com/en-US/article/Excel-2010-training-courses-videos-and-tutorials-807211fe-ee81-4887-b48a-68a94e1e912f
Microsoft, Inc. (2015c). Excel 2013 videos and tutorials. Retrieved from https://support.office.com/en-us/article/Excel-2013-training-courses-videos-and-tutorials-aaae974d-3f47-41d9-895e-97a71c2e8a4a?ui=en-US&rs=en-US&ad=US
Excel Easy. (2016, March 8). Financial Functions. Retrieved from http://www.excel-easy.com/functions/financial-functions.html
Document: Week 9 Assignment Budget and Variance Excel Template (Excel spreadsheet)
Required Media
Mikhailenko, V. (2013). Tutorial—How to create annual budget with Microsoft Excel to balance income and expenses [Video file]. Retrieved September 13, 2015, from https://www.youtube.com/watch?v=dEvJlzS9C4Q
Note: The approximate length of this media piece is 15 minutes.
Optional Resources
Excel Finance Class 01: Intro To Excel 2007 & 2010 [Video file]. Retrieved March 8, 2016, from https://www.youtube.com/watch?v=qeWOy4Q-1n8&noredirect=1
Provides a tutorial of Excel, basic math functions, and about how to perform calculations. There are videos in a series and the link will take you to the first in the series which is “The Basics”.
