Discuss 3 of the following annual reporting components what information they provide and why they are important to understand:

Fiscal Management in Healthcare Services
3 different assignments3 different Due datesSTARTLength: 2 pages
You have been promoted to a member of the management team in Kronas financial department. You have hired a new staff member who will to assist you in preparing materials for the next Board of Directors meeting in which the annual financial reports will be presented. You are required to accomplish the following:Write an e-mail to your new employee explaining the components and the process of creating an annual report. Focus strongly on how accounting inputs are formulated into financial reports and statements for the organization.Discuss 3 of the following annual reporting components what information they provide and why they are important to understand:Chairman of the Board LetterSales and marketing summary10-year summary of financial figuresManagement discussion and analysisCPA opinion letterFinancial statements (balance sheet check sales profits R&D spending inventory and debt levels over time) subsidiariesBrands and addressesFinancial and operating ratios (liquidity solvency and profitability)DonorsEndStartlength: 8 pages
Established in 1977 Krona Community Hospital is a 60-bed acute care hospital located in the heart of Banconota County. With a staff of nearly 100 physicians and specialists 400 employees and 75 volunteers they offer a full range of health care services. They are accredited by The Joint Commission.Nouveau Health a private not-for-profit health care chain took over the management of Krona Hospital. Last year state officials began to discuss Nouveaus proposal to build a new replacement hospital in Banconota County. The new facility would have 74 acute care beds four observation rooms four surgical operating rooms one c-section room a 24-hour emergency department a maternity center an intensive care unit and extensive support services including physical therapy and cardiac rehabilitation. All patient rooms would be private.You are a staff member in the finance department at Nouveau Health whose sole responsibility is to advance the success of the organization through assisting in planning forecasting and finance management.The chief executive officer (CEO) of Krona has asked that you complete the following:Prepare next years financial plan and operational budget.o Note: Keep in mind that the budget you created for your Phase 2 Individual Project did not take into account the growth of the new facility. The CEO has asked that you expand that budget and provide a finalized budget that will take into account the new services offered. The CEO has stated that there is $3 million that you can incorporate into the budget for additional staffing services maintenance and so forth.Make sure the budget reflects the following:o Increase in revenue reimbursemento Allocation for the proposed improvementso Increase in salariesDiscuss the following areas:Funding sourcesYour methodology in revenue forecastingHow the new services will impact revenueFixed and variable costsProject inpatient and outpatient visits based on current trendsEndStart
Established in 1977 Krona Community Hospital is a 60-bed acute care hospital located in the heart of Banconota County. With a staff of nearly 100 physicians and specialists 400 employees and 75 volunteers they offer a full range of health care services. They are accredited by The Joint Commission.Nouveau Health a private not-for-profit health care chain took over the management of Krona Hospital. Last year state officials began to discuss Nouveaus proposal to build a new replacement hospital in Banconota County. The new facility would have 74 acute care beds four observation rooms four surgical operating rooms one c-section room a 24-hour emergency department a maternity center an intensive care unit and extensive support services including physical therapy and cardiac rehabilitation. All patient rooms would be private.You are a staff member in the finance department at Nouveau Health whose sole responsibility is to advance the success of the organization through assisting in planning forecasting and finance management.Your Key Assignment Draft is designed to help you prepare for the presentation in Phase 5. The chief executive officer (CEO) of Krona has asked that you complete the following:Prepare next years financial plan and operational budget.Note: Keep in mind that the budget you created for your Phase 2 Individual Project did not take into account the growth of the new facility. The CEO has asked that you expand that budget and provide a finalized budget that will take into account the new services offered. The CEO has stated that there is $3 million that you can incorporate into the budget for additional staffing services maintenance and so forth.Make sure the budget reflects the following:Increase in revenue reimbursementAllocation for the proposed improvementsIncrease in salariesBe sure to discuss the following areas:Funding sourcesYour methodology in revenue forecastingHow the new services will impact revenueFixed and variable costsProject inpatient and outpatient visits based on current trendsInstructionsCreate a PowerPoint presentation of 710 slides (with speaker notes of 200250 words for each slide excluding the title and reference slides) that will be presented to the general meeting of directors.END