The final project will require that you develop a yearly budget for a healthcare organization. You will be given the required elements to include, but you can also include additional elements as you see fit. the assignment is to conduct an interview with someone in a healthcare organization that is responsible for developing a budget for approval,
If you plan to conduct an interview, plan ahead for contacting potential candidates. Develop a script ahead of time to help explain your purpose, time required for the interview, and interview questions. Make sure the individual knows you are a student completing a final project in a healthcare finance course and all their information will not be made public and/or figures and names slightly changed to assure privacy. The goals are to learn about their process, strategies and goals, and not so much exact figures. Numbers do not have much value if the manager does not provide meaning, purpose and goals to the financial process.
Final Project Requirements
1. Introductory paragraph will require the following elements (This must be a narrative, do not list items a-e and answer them as bullets):
a. Type of organization (e.g., hospital, medical practice, medical supply company, etc.) b. The organizations primary consumers
c. Major sources of revenue (medicare, medicaid, private insurance, etc.)
d. State if you conducted an interview or used the case example in the textbook
d. If you conducted an interview, what position did your interviewee hold and name if they are willing to share.
e. The name of the organization, which can be a pretend name if you are developing your project from the textbook or changed if the interviewee requests.
If you worked with an organization and conducted an interview, please explain up front that you can change the name of the organization and person being interviewed if they desire. Some organizations are non-profit public and their information is made public, so this may not be an issue. But assure the organization up front that you are a student completing a finance project and the organizational name, interviewee, and financial information will be altered if desired. We are looking for process, strategies and goals primarily from the project, but we also need financial information to provide insight into financial decision making.