Question
Need help with this assignment. Create a 3- to 5-year financial plan to implement the goals and objectives created in Part 2 of your strategic
Need help with this assignment.
Createa 3- to 5-year financial plan to implement the goals and objectives created in Part 2 of your strategic plan. The deliverables for the financial plan include a projected budget created in MicrosoftExceland a report in MicrosoftWord that clarifies and explains the financial plan.
(Goals are to excel in patient care for critically ill, advance systems of care for disadvantaged patients, and provide comprehensive care for the urban community). Hospital i'm using is St. Michael's Hospital
Section One: Projected Budget
Create a projected budget.
- The projected budget should be a MicrosoftExcelspreadsheet that contains a 3- to 5-year financial projection that includes detailed expenditures, income, contingency, gain or loss, capital outlay, and ROI (if applicable).
Include budget strategies to increase volume and budget assumptions.
Section Two: Financial Plan Explanation
1,050 narrative discussing the fiscal details of the plan and the assumptions that were used in developing the projected budget.
- Include all the elements required in the projected budget.
- Include capital expenditure planning and contingency plans for unexpected events.
- Budget summary: When explaining your budget:
- Describe the organization's current business model.
- Evaluate the impact of internal resources and financial capabilities on the business model implementation.
- Determine how the organization's internal resources and financial capabilities affect your financial plan.
- Determine how they will affect implementation of the plan.
- Explain the details of the budget assumptions and the strategies to increase volume.
at least 4 peer-reviewed, scholarly, or similar resources to support your information.
paper according to APA guidelines.
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