In today's world of healthcare, capital expenses are a common element to the financial management process. In fact, all healthcare organizations, at some point, must convert to an Electronic Health Record (EHR) system to be compatible with the rest of the world. However, this is a major capital expense that will cost many healthcare organizations millions of dollars. Purchasing an EHR system will undoubtedly require the acquisition and use of long-term assets under a capital budget.
Your organization is considering financing a 1.5 million dollar EHR system (if an EHR system not a good fit for your case, you can choose any major health information system/technology but the 1.5 million dollar reference should remain the same). Based on the financial outlook of your case/organization, make a recommendation to purchase or not purchase the system. You will need to draw on the material you have learned in throughout the class and assignments; as well as background information from your case description. Collectively, that information will serve as the foundation to support your recommendation.
Your final Financial Analysis report should be a minimum of eight (8) pages in length, excluding title and reference pages.
Introduction of case and financial challenges and issues; perspective of financial challenge (Introduction)
Report on assets and liabilities, cash flows and financial position, etc (Financial Statements).
Examination of financial analysis methods (Financial Analysis Methods).
Interpretation of financial management and capital management; influences for capital investments and decision-making (Capital Management).
Assessment of EHR implementation (or relevant information system) and recommendation; using supportive information from financial management assignments (Proposal)
Summarizes and presents a collection of financial management concepts, strategies and methods; applicable to case financial position, needs and challenges.
Make sure to use block letter formatting and proposal formatting guidelines. You will need to include a title page. Remember, your audience is the organization's executive managers. Make sure to use proper audience tone.