[SOLVED] Week 8: Financial Analysis

When you make a purchase, you expect some level of value in return. While the term “value” is somewhat subjective, you ultimately want to feel that the expenditure was worth the cost. In other words, that value returned to you must, at a minimum, equal the value of the expenditure.

For organizations, most purchases, investments, or other expenditures cannot be subjective. They must support organizational goals and/or return a profit or offer some other organizational value.

This week, you examine how nurse leaders can make the case for financial value of new product or service ideas. You explore the use of analysis tools—such as break-even, cost-benefit, and cost-effectiveness—to determine the financial impact as well as the organizational impact of expenditures.

Students will:

• Analyze the drivers of revenues and operating costs for healthcare products and service solutions
• Calculate cost-benefit, break-even, and marginal costs for healthcare products and service solutions
• Analyze the mechanisms by which costs for healthcare products and service solutions are developed

For this Assignment, you consider analysis tools such as expense forecasting, break-even, cost-benefit, marginal profit and loss and cost-effectiveness that can help determine the financial and organizational impact of proposed expenditures and investments.

• Complete the required reading in the Learning Resources.
• Reflect on how these might be applied to your project.

Conduct a financial analysis using the three scenarios provided in the Excel Assignment Workbook. These are not based on your project but will help you learn the process.

Complete the following:

Ratio Analyses Worksheets:

Open your Excel Assignment Workbook. This assignment will be completed on 3 separate tabs named:

1. W8A5a Expense Forecasting
2. W8A5b Breakeven Analysis
3. W8A5c Marginal Profit and Loss

Using the Healthcare Budget Request Guide for guidance, complete the three scenarios: expense forecasting, break-even, marginal profit and loss for the scenarios provided.

Submit your Assignment.

*NOTE: Please make sure that all three tabs for the W8A5 Assignment are complete before uploading your Excel Workbook for submission.

To submit your completed Assignment for review and grading, do the following:

• Please save your Assignment using the naming convention “W8A5_lastname_firstname.xlsx” as the name.
• Click the Week 8 Assignment Rubric to review the Grading Criteria for the Assignment.
• Click the Week 8 Assignment link. You will also be able to “View Rubric” for grading criteria from this area.
• Next, from the Attach File area, click on the Browse My Computer button. Find the document you saved as “W8A5_lastname_firstname.xlsx” and click Open.
• Click on the Submit button to complete your submission.