Fiscal Planning and Management

Overview
For this assignment, you will create a narrated PowerPoint presentation designed to train others on the role of healthcare administrations in fiscal planning and fiscal management. This is your opportunity to demonstrate what you have learned about what fiscal planning and management can and should look like for healthcare administrators.
Instructions
As a regional healthcare administrator for a long-term care organization, you have been asked to train a new group of healthcare administrators who just completed their degrees. They have no work experience in healthcare administration or financial management. For this assignment, you will develop a 10-12 slide narrated PowerPoint presentation explaining the role of healthcare administrators in fiscal planning and financial management.
Your presentation should address each of the following:
• Explain how fiscal planning ties into strategic planning. Be sure to provide at least three concrete examples along with how the three are connected. In this context, fiscal planning may be considered strategic financing.
• Describe the role (direct or indirect) that US healthcare administrators play in budgeting. Specifically, address the role administrators play in the construction and implementation of operating and capital budgets. Provide clear examples of the role in both operating and capital budgets.
• Assess how fiscal planning and financial management help ensure that provider organizations remain compliant with federal, state, and local regulations.
• Conversely, you should assess how those regulations impact fiscal planning and healthcare financial management. Provide specific examples for both.
• Review the 4 Cs of healthcare finance: cost, capital, control, and cash by writing a brief definition of each and explaining, with rationale and real-life examples, the impact of the 4 Cs on the success of health service organizations.
• Propose the application of Lean Six Sigma concepts as a tool for strengthening the revenue cycle of provider organizations.
Your presentation should meet the following formatting requirements:
Design requirements:

1. Use a background color or image on slides. Be consistent.
2. Use Calibri font style.
3. Use 36–44-point font size for the TITLE of your slides.
4. Use 28–32-point font size for the BODY of slides. Do not use font sizes below 24-point.
5. Limit slide content (7 or fewer lines per slide and 7 or fewer words per line).
6. Number slides when the assignment requires 3 or more slides. Place numbers wherever you like (but be consistent).
7. Include appropriate images that connect directly to the slide content or presentation content. Visit Pexels for free stock photos
8. Use clear bullet points with a summary when needed.
9. Presentation slides should be clear and concise
   • Be 10-12 slides in length.
   • Include speaker notes to correspond to the presentation.
   • Include a cover slide and references slide (or slides). (These slides are not part of the 10-12 slide requirement.)
   • Include 3-5 quality references, one of which must be the course textbook. The textbook references must be leveraged MORE than any other source. If other sources are used, these must be peer-reviewed and published within the last five years.
   o Course textbook: Reiter, K. L. 2021. Gapenski’s Healthcare Finance: An Introduction to Accounting and Financial Management.
   o http://libdatab.strayer.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=2558485&site=eds-live&scope=site
   o Login information: SU200741379 then Rueben!001

Order Criteria:
• Explained how fiscal planning ties into the strategic planning. Provided at least three concrete examples of how the three are connected.
• Described the role (direct or indirect) that healthcare administrators play in budgeting and specifically addressed the role administrators play in the constructing and implementing operating and capital budgets. Provided clear examples of the role in both operating and capital budgets.
• Assessed how fiscal planning and financial management help ensure that provider organizations remain compliant with federal, state, and local regulations and assessed how those regulations impact fiscal planning and healthcare financial management. Specific examples were provided for both.
• Reviewed the 4 Cs of healthcare finance, writing a brief definition of each, and explained, with a rationale, the impact of the 4 Cs on the success of health service organizations.
• Proposed the application of Lean Six Sigma concepts as a tool for strengthening the revenue cycle of provider organizations. Included both a high-level overview of the concepts and examples of how the concepts might strengthen revenue.