Operational Budgeting in Healthcare project

Using your approved healthcare organization and the knowledge you have gained on capital budgets, identify what capital budget item or items will be used as the basis for the written capital budget proposal. Include how the proposal recommendations will reflect the big-picture view of healthcare. Please refer to the HBR Coursepack: Notes on Operational Budgeting in Healthcare for final project budget guidance.

HCM 400 Milestone Three Guidelines and Rubric Submit a draft proposal for Section I, parts C and D (see below). Using the approved healthcare organization and the information you have gathered, identify the capital budget item or items that will be used as the basis for the written capital budget proposal. You should include how the proposal recommendations reflect the big-picture view of healthcare. Specifically the following critical elements must be addressed: I. Introduction C. Opportunities: Based on your analysis of the major forces, impacts, and opportunities provided, consider the specific organization that you selected. What opportunities exist for this organization, and how do these opportunities relate to the big-picture view of healthcare? D. Proposal: What is your proposal for addressing identified issues or improvements within your organization? In other words, what changes are you trying to incorporate in your selected organization? Guidelines for Submission: Your paper must be submitted as a Microsoft Word document and should be a minimum of one page in length with double spacing, 12-point Times New Roman font, one-inch margins, and at least two sources cited in APA format.

Operational Budgeting in Healthcare project

Critical Elements Opportunities Proficient (100%) Translates the big-picture view of healthcare to the selected organization to identify areas of opportunity Proposal Conceptualizes reasonable change(s) for proposal within the organization based on the identification of opportunities Articulation of Response Submission has no major errors related to citations, grammar, spelling, syntax, or organization Needs Improvement (85%) Identifies areas of opportunity within the selected organization, but without the connective detail to the big-picture view of healthcare Conceptualizes change(s) for proposal within the organization, but changes are not reasonable or not based on the identification of opportunities Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Not Evident (0%) Does not identify areas of opportunity within the selected organization Value 45 Does not conceptualize changes for proposal within the organization 45 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Earned Total 10 100% 1 HCM-400 Healthcare Finance Courtney Roberts Southern New Hampshire University January 21, 2023 2 HCM-400 Healthcare Finance Understanding a given company’s financial performance and trends informs the core stakeholders about the best practices to follow to achieve sustainable operations. In this section, DaVita Incorporated is selected for further analysis. DaVita Inc. stands out as a healthcare company formerly referred to as DaVita HealthCare Partners Inc. The firm has specialized in providing dialysis services and interventions that benefit a wide range of consumers. In addition, the firm offers additional services like kidney disease management. The primary target market for the company are patients diagnosed with chronic kidney disease. Since its establishment in 1979, DaVita Inc. has expanded its operations to meet the increasing consumer demands (DaVita, 2023). The firm employs over 69000 people distributed across its operational environments and outlets. Therefore, the firm is publicly traded and publishes its records according to the prevailing legal and regulatory requirements. This feature makes it easy for the audience to examine the firm’s financial statements. The publicly available information shows the firm’s financials which will provide the necessary foundation for understanding capital budgeting. On the same note, there is increasing information online about the firm and its operations to help complete the other assignments. For example, the firm has listed its financial statements across the various publicly available websites like its website according to the SEC regulations. However, determining the firm’s budgeting trends is one of the primary concerns that may affect the capacity to complete the proposed research. Regardless, the information will be examined from Form 10-K and the corporate financial statements to determine the best details to support the analysis (Sec.gov, 2023). The corporate financial records are accessed through the company’s website and the SEC 3 platform. These links are provided below. It is worth appreciating that the sites provide historical data that may influence strategic financial analysis. Links: https://www.sec.gov/Archives/edgar/data/927066/000119312505041002/d10k.htm https://investors.davita.com/sec-filings?cat=1 4 References DaVita. (2023). Financials. DaVita. Retrieved from https://investors.davita.com/secfilings?cat=1 Sec.gov. (2023). 10-K 1 d10k.htm FORM 10K FOR DAVITA, INC. Sec.gov. Retrieved from https://www.sec.gov/Archives/edgar/data/927066/000119312505041002/d10k.htm