For Milestone Three, you’ll go one step further and research the options for implementing your capital budget
item(s). This research will culminate in a short paper identifying the capital item(s) you are proposing, describing:
I. Impacts and Justification
A. Short-Term Impact: What short-term impact will this request have on the overall financial statements used for decision making and on financial
planning?
B. Long-Term Impact: What long-term impact will this request have on the overall financial statements used for decision making and on financial
planning?
C. Cost-Benefit: What is the percentage increase in financial need? How does this balance with the potential value added by your requests? What is
the cost-benefit of these requests?
D. Strategic Planning: Provide an explanation for each budget request in your proposal, taking into consideration strategic plans. How do your
budget requests show strategic planning and forethought?
E. Conflicts: Describe the strategic impact and any potential ways in which your recommendations might conflict with the overall strategic vision.
When discussing the benefits, indicate whether your proposal will affect each of the key healthcare operating indicators and why the proposal will or will not
have that effect.
Rubric
Guidelines for Submission: Your paper should be 2–3 pages in length (plus a cover page and references) and must be written in APA format. Use double spacing,
12-point Times New Roman font, and one-inch margins
What short-term impact will this request have on the overall financial statements used for decision making and on financial planning?
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