Health Care Strategic Planning

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Strategic Plan Part 3 – Financial Plan

Create a 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 Microsoft® Excel® and a report in Microsoft® Word that clarifies and explains the financial plan.

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Section One: Projected Budget

 

Create a projected budget.

  • The projected budget should be a Microsoft® Excel® spreadsheet 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

 

Write a 1,050- to 1,400-word 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.

 

Cite at least 4 peer-reviewed, scholarly, or similar resources to support your information.

 

Format your paper according to APA guidelines.