Week 7 – Signature Assignment: Develop a Presentation to the Board of Directors
This applied assignment is aimed at evaluating the practice of budget preparation and implementation for a healthcare organization of your choice. Your assignment has two parts. Part 1 is a simulation that you must complete before completing Part 2. It will prepare you to anticipate questions from the executives in the audience for your presentation. Completing the simulation will provide you with planning notes that will help you prepare your PowerPoint presentation. Part 2 includes your presentation, speaker notes, and your executive summary.
The focus of this assignment can be a real organization you have a relationship with or a fictitious organization you create. Your task is to prepare an annual budget following the procedures and knowledge you have gained in this course. You are to assume the role of Chief Financial Officer (CFO) of the healthcare organization of your choice.
For your Signature Assignment, you have been asked to prepare a PowerPoint presentation addressing the creation of an annual budget which will be presented to the Executive Team. The assignment will have two parts.
Part 1: You must complete this simulation first. Take your responses from this simulation and apply towards your PPT presentation, which is Part 2. https://ncuone.ncu.edu/shared/Course%20Interactives/SHS/MHA-5007/week_07_SA_presentation/story.html
Part 2: Complete a PPT presentation. Be sure your presentation includes the following:
Apply strategic budgeting methods and operational planning principles.
Analyze differences between the financial characteristics of nonprofit and for-profit healthcare organizations.
Examine and monitor key performance indicators utilized in the healthcare industry.
Assess the fiscal performance of an organization essential to managerial decision-making.
Develop operating pro forma statements and budgets for healthcare organizations.
You should also prepare an Executive Summary and include as a minimum the following components of an Operating Budget.
1. Revenue. Revenue is usually broken down into its drivers and components.
2. Variable costs.
3. Fixed costs.
4. Non-cash expenses.
5. Non-operating expenses.
Hint: Please remember you are making a professional, thoughtful presentation. Create attractive meaningful slides that can be read by your audience. Speaker notes should be included for each slide to clarify and enhance your presentation. When doing your voice-over, speak clearly and slowly. You may find yourself delivering this presentation to more than one audience. This presentation may prove useful as a tool to educate the community, advocacy groups, and providers of care.
Length: A minimum of 10-12 slides with voice-over and speaker notes, excluding the title or references slides. Also, a 3-page executive summary as an MS Word document.
References: Include a minimum of 8 peer-reviewed sources. Other scholarly and credible sources may also be used as supplemental support.
Week 7 – Signature Assignment: Develop a Presentation to the Board of Directors
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**PowerPoint Presentation**
*Slide 1: Title Slide*
– Title: Annual Budget Presentation to Executive Team
– Subtitle: [Healthcare Organization Name]
– Your Name
– Date
*Slide 2: Introduction*
– Brief overview of the purpose of the presentation.
– Introduction of the Chief Financial Officer (CFO) role.
*Slide 3: Strategic Budgeting Methods*
– Explanation of strategic budgeting methods used in healthcare organizations.
– Examples of strategic budgeting approaches.
– Speaker notes: Provide detailed explanations of each method and how they apply to the organization.
*Slide 4: Financial Characteristics*
– Comparison of financial characteristics between nonprofit and for-profit healthcare organizations.
– Analysis of differences in revenue sources, profit motives, and financial reporting.
– Speaker notes: Discuss the implications of these differences on budgeting and financial management.
*Slide 5: Key Performance Indicators (KPIs)*
– Overview of KPIs utilized in the healthcare industry.
– Examples of common KPIs such as patient satisfaction, readmission rates, and financial ratios.
– Speaker notes: Explain how monitoring KPIs contributes to organizational performance and decision-making.
*Slide 6: Fiscal Performance Assessment*
– Evaluation of fiscal performance metrics essential for managerial decision-making.
– Discussion of financial ratios, such as profitability, liquidity, and efficiency ratios.
– Speaker notes: Interpret the significance of these metrics and their impact on organizational health.
*Slide 7: Operating Pro Forma Statements*
– Development of operating pro forma statements and budgets for healthcare organizations.
– Explanation of revenue projections, variable costs, fixed costs, and non-cash expenses.
– Speaker notes: Provide insights into the budgeting process and assumptions used in financial projections.
*Slide 8: Executive Summary: Revenue*
– Breakdown of revenue drivers and components.
– Analysis of revenue streams and their contribution to organizational sustainability.
– Speaker notes: Highlight key factors influencing revenue generation and growth.
*Slide 9: Variable and Fixed Costs*
– Explanation of variable and fixed costs in the operating budget.
– Discussion of cost-control strategies and cost-saving initiatives.
– Speaker notes: Address the impact of cost management on financial performance and profitability.
*Slide 10: Non-cash and Non-operating Expenses*
– Overview of non-cash expenses such as depreciation and amortization.
– Discussion of non-operating expenses such as interest and taxes.
– Speaker notes: Explain how these expenses affect financial reporting and decision-making.
*Slide 11: Conclusion*
– Summary of key points covered in the presentation.
– Closing remarks and call to action.
– Speaker notes: Reinforce the importance of effective budgeting and financial management in achieving organizational goals.
*Slide 12: References*
– List of peer-reviewed sources and other scholarly references used in the presentation.
**Executive Summary**
The executive summary should provide a concise overview of the main components of the operating budget presentation. It should include sections addressing revenue, variable costs, fixed costs, non-cash expenses, and non-operating expenses. Each section should summarize key findings and insights presented in the PowerPoint slides.
Ensure that the executive summary is well-structured, coherent, and provides a clear understanding of the organization’s financial outlook and budgetary considerations.
Please note that you’ll need to tailor the content of the PowerPoint presentation and executive summary based on the specific details of your healthcare organization and the budgeting process. Additionally, include relevant data, charts, and graphs to support your analysis and recommendations.
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