The organization I chose is the Joslin Diabetes Center. https://www.joslin.org/about/leadership/financials
Prompt: If you have not already done so, select one of the two organizations below (Venice Family Clinic or Joslin Diabetes Center) on which to base your final project capital budget proposal. This will be â€œyourâ€ organization for the remainder of the course. Before you step into the shoes of a manager within that organization, you need to familiarize yourself with the organizationâ€™s finances and mission as well as begin to draw connections between healthcare trends and the organization. This assignment will guide you through the selection of your role and department, as well as your preliminary review and analysis of the organization.
First, start with your department selection. You must identify a department that is likely to exist within the organization. The department can have a clinical function (e.g., surgery or radiology) or a support function. If you do not have experience working in healthcare, you might want to identify a department with a support function that is similar to one in which you have worked in the past, such as accounting, human resources, facilities, etc. Doing so will give you more insight into the potential needs of the department. Creating your proposal will require close analysis of historical budgetary information for the organization, research regarding healthcare trends, and careful alignment of your proposal to the organizationâ€™s mission, vision, and values.
Second, review the financial statements and information provided in the links below regarding the organization. You do not need to do a complete analysis of the financials at this point. The goal of your review at this point in time is to acquaint yourself with the basics of the organizationâ€™s finances. How do expenses compare to revenue and assets? How do the materials provided portray the organizationâ€™s financial condition?
Finally, after you have familiarized yourself with the organization, consider healthcare trends alongside the organizationâ€™s mission and current financial condition. What trends are likely to impact the organization? What opportunities and challenges might those trends pose to the organization? How might all these factors impact the organizationâ€™s mission moving forward?
To complete this assignment, the following items must be addressed:
- â— Describes a department likely to exist within the organization
- â— Describes the organizationâ€™s financial condition
- â— Identifies healthcare trends that are likely to impact the organization
- â— Describes the opportunities and challenges those trends might present to the organization
- â— Explains potential implications for the organizationâ€™s mission
â— Through this resource, you are able to review previous financial statements for the Joslin Diabetes Center. If you choose this healthcare organization, review the two most current, available, consolidated financial statements to support your work.
RubricGuidelines for Submission: Your paper must be 2â€“3 pages in length and must be written in APA format. Use double spacing,
12-point Times New Roman font, and one-inch margins.
These points need to be included in the assignment
Opportunities and Challenges
Potential Implications for the Mission