Financial Performance Tracking

Use the Sample Operating Budget template located in the Resources to complete this assignment. The information represents the clinic’s operating budget for 2018 and 2019. You will fill in the 2020 column. Remember to account for the new billing software and MRI machine in your proposed numbers. Also keep in mind those costs beyond the purchase price, such as staff training, staff additions, and maintenance. You may find it helpful to refer to the cost-benefit analysis assignment you completed in Unit 6. You may insert your 2020 proposed budget numbers as a table into your operating budget proposal. Alternatively, you may attach the sample operating budget separately in the assignment submission area. Part 2 Based on your 2020 proposed budget, write a 4–5-page, double-spaced operating budget proposal that explains and justifies your proposed numbers. Include all of the following headings and address all of the bullets underneath each heading: Explanation of 2020 Budget Numbers What are the highlights of the proposed 2020 budget numbers that you want the clinic’s senior leaders to be aware of? What areas of concern do you want to bring to senior leaders’ attention? What assumptions did you make as you prepared these numbers? Note: Be sure to consider the environmental forces that are likely to affect the 2020 budget. Consider such environmental forces as: compliance changes, changes in insurance claims processing, changes in laws and regulations, and so on. What variances exist between the 2020 proposed numbers and the 2018 and 2019 numbers? Note: If you plan to insert the 2020 numbers as a table into your proposal, insert them here. Otherwise, you may include them as a separate attachment. Proposed 2020 Budget’s Alignment With Target Profit Margins How closely does this budget align with the clinic’s target profit margins? What variances, if any, require explanation? Financial Performance Tracking How will you evaluate financial performance? What measures will you use to track actual financial performance against projected financial performance over the next year? How frequently will you report on financial performance? How will you communicate financial performance to the clinic’s senior leaders? Addendum: 10% Budget Reductions As you are putting the finishing touches on your operating budget proposal, your boss stops by your desk. You have been keeping her informed about the information included in the proposal. She indicates that the 2019 financials are falling 10% short of projections. As a result, she has asked you to add a final section to your proposal labeled Addendum: 10% Budget Reductions. She informs you that you don’t have to recalculate the numbers, but she wants you to develop a strategy to reduce the overall budget by 10%. In the narrative, she asks you to explain how you would approach such a request from senior leaders: Would you reduce each line item by 10%? Why is this the best approach? Also, how do you intend to handle fixed costs with this approach? Would you select specific line items to reduce by 10%? Why is this the best approach? If so, how would you pinpoint which line items to reduce? Would you put a freeze on all hiring, training, travel, and purchasing? Why is this the best approach? Be sure to include references to at least two scholarly and/or authoritative sources in your operating budget proposal. Follow APA guidelines for in-text citations and references. Your final submission needs to include Parts 1 and 2. You may insert Part 1 as a table into Part 2, or you may include Part 1 as a separate attachment. Submission Requirements Part 1 Format: Use the Sample Operating Budget template provided in the Resources to complete the 2020 column. Insert your 2020 proposed budget numbers as a table into your operating budget proposal (Part 2), or you may submit it separately in the assignment submission area. Part 2 Written communication: Be sure that the narrative portion of your operating budget proposal is clear, logical, and succinct. It also needs to be free of errors that detract from the overall message. Length: 4–5 typed double-spaced content pages, not including the title and reference pages. Font and font size: Use Times New Roman, 12-point type. Title page: Include a title page in APA format as part of your operating budget proposal.

Mypaperwriterspro.com

Order NOW to get 15% Discount!

Pages
{{total || ""}}

Why Choose Us

Top Quality and Well-Researched Papers

Keeping in mind your instructions and guidelines, our writers ensure to do extensive research before beginning to write. Unique and quality paper is our top priority.

Professional and Experienced Academic Writers

Our team of writers and editors have many years of experience in academic writing. They are native English speakers and able to handle any academic task with ease.

Free Unlimited Revisions

We offer free unlimited revision to our clients. Whenever you feel the need to revise your work submit to our able editors. Our editors will ensure that your paper will be revised to meet your guidelines.

Prompt Delivery and 100% Money-Back-Guarantee

As a team we work hard to ensure a timely delivery of your papers. All you need to do is specify the time frame that you want you paper be submitted. We will work round the clock to beat the deadline.

Original & Confidential

We value your confidentiality and all our payment method are secure. We also use high end writing tools to ensure that all papers delivered are unique.

Customer Support 24/7

Our customer support team are available 24/7 to accept your orders and queries. We are committed to provide you with the best customer experience.

What Our Paper Writing Service Guarantees

You do not have to worry on what to expect because at mypaperwriterspro.com we guarantee you;

High Quality Academic Papers

Our team of writers and editors is composed of people with diverse writing experiences. All of them have a Ph.D. They are all Ph.D. or M.A. graduates with extensive experience in academic and essay writing. We offer high-quality, original academic writing at an affordable cost.

Every order is written from scratch. We ensure that your papers conform to English conventions and the requirements of your discipline. To ensure originality, we also perform originality checks on all academic papers. Our success rate is 99% and many of our clients achieves their desired grades.

Zero-plagiarism policy

Mypaperwriterspro has a strict anti-plagiarism policy. To ensure that your paper is not flagged as plagiarism, we take extra precautions when writing it. Professional plagiarism detection software is used by our custom paper experts.

Privacy Policy

Mypaperwriterspro takes the privacy of clients' information very seriously. Mypaperwriterspro does not disclose any information about our transactions with third-party services. Nobody will ever know that you have hired our paper writing service to help with your paper.

Our website offers online security for our customers. Your passwords and personal information are protected and cannot be accessed by anyone else. Our customers are assured that their accounts will not be compromised by hackers. Learn more about the data that we store and how it is used in our privacy statement.

Free revision

When you order our paper service, you get unlimited free revisions and unlimited drafts. We will ensure that you submit flawless papers. Our paper help website allows you to request multiple revisions.

If the order form indicates that modifications or adjustments are required, only those should be made. These guidelines include, but are not limited to:

  • Revision instructions should not conflict with your original instructions.
  • You can request a modification before the purchase is approved. However, there is a 14-day grace period in which you can do this.
  • You should not extend your deadline by more than one day from the original deadline.
  • 24/7 Customer Support

    You can reach us by email, phone, and live chat. We are always interested in hearing from our customers. We welcome any feedback regarding our paper assistance service. Our customer service representatives are available 24/7, even on holidays and weekends. They can help you place orders, check the status of your order, answer questions, or simply provide information.

    Chat with your paper specialist via our live chat. Our professionals are available for unlimited chats. All your questions will be answered within minutes

    Money-back guarantee

    Do you still feel dissatisfied with your final paper? Don't worry. Mypaperwriterspro is committed to customer satisfaction.

    Although it is rare, you can request a partial or full refund if your final paper is not written to your satisfaction. Mypaperwriterspro views our money-back guarantee more as a right than a benefit.

    We believe that our clients deserve the best paper services available online. We offer a simple and straightforward refund process if you are not satisfied with the paper.

    Open chat
    You can now contact our live agent via Whatsapp via +1(954) 751-1024
    You will get free custom written paper ready for submission to your Blackboard