Reference no: EM132169920
Discussion
Identify a task that you would need to perform in your current career or future career, and explain how you would apply the knowledge you have learned in this course to succeed at performing the task in a real-word scenario.
Research Paper
In this unit, you will complete the research paper that you started in Unit VI. Based on the healthcare facility you created in that unit, complete the following components for the research paper:
• In your introduction, give a brief description of your facility's current financial situation. While some of the information for your description may come from your Unit VI Research Paper Topic, do not use the same verbiage. This introduction and description should cover topics from your research in this unit.
• Create a balance sheet, income statement, and statement of cash flows for your healthcare facility. If you wish, you may present these in chart form in the paper. When creating these charts, you may use either Word or Excel, but Excel is recommended because it will handle the calculations. Based on these, discuss the performance of your facility.
• Make capital budgeting and investment decisions based on the need for your facility to update aging equipment. The equipment is expected to cost $1.3 million, and the expected life of the equipment is 15 years. Discuss at least two financing options for the new equipment.
• Present a long-term financial analysis for the facility. In this analysis, evaluate the financial implications of current and future healthcare trends, making sure to evaluate any legal issues in health care, and discuss the future of healthcare financial management in the United States.
Combine all of your components into one research paper. Your completed research paper must be at least three pages in length, double-spaced. You are required to use at least five outside sources. Three of these may be the ones chosen in Unit VI. At least two of these must come from the Online Library. All sources used, including the textbook, must be referenced.
Textbook: Gapenski, L. C., & Reiter, K. L. (2016). Healthcare finance: An introduction to accounting and financial management (6th ed.). Chicago, IL: Health Administration Press.