HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data

Grand Canyon University HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data-Step-By-Step Guide

This guide will demonstrate how to complete the Grand Canyon University HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.

How to Research and Prepare for HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data                            

Whether one passes or fails an academic assignment such as the Grand Canyon University HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data  depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.

After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.

How to Write the Introduction for HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data                          

The introduction for the Grand Canyon University HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data  is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.

How to Write the Body for HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data                          

After the introduction, move into the main part of the HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data  assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.

Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.

How to Write the Conclusion for HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data                          

After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.

How to Format the References List for HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data                            

The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.

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Sample Answer for HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data

Re: Topic 5 DQ 2

Strategic planning addresses the short-term and long-term goals of a business. The information contained in the strategic plan thus strives to explain the manner in which a business is going to achieve these objectives. In a strategic plan, the financial data essentially entails the description of the equipment, materials, resources, and activities necessary to achieve the objectives of a company. Therefore, in the present class’s business plan, several pertinent information from the strategic plan may be incorporated into the business plan (Barasa,  Molyneux, English, & Cleary, 2015). The amount of labor as related to physicians and surgeons has already been calculated. Therefore, in the business plan, information related to the total costs of hiring and maintaining the personnel will be included in the expenses of the plan’s balance sheet.

Moreover, the identification of the cost as mentioned above will precede the creation of a budget. The functionality of the strategic planning tool as used in business plan has a value-chain analysis that entails activity based costing. The above tool will make the healthcare organization to determine its major costs using the balance sheet methodology. Therefore, the strategic plan helps a company to conduct future projections (Arend, Zhao, Song, & Im, 2017). Utilizing the information contained in such undertakings, the business plan for the organization will use the assessment to not only plan but also predict the future. As such, the financial information will help the health care organization to help control its financial performance. Therefore, it is possible to use the information from the strategic plan to make a business plan so as to control the finances of an organization in a strategic manner.

References

Arend, R. J., Zhao, Y. L., Song, M., & Im, S. (2017). Strategic planning as a complex and enabling managerial tool. Strategic Management Journal, 38(8), 1741-1752.

Barasa, E. W., Molyneux, S., English, M., & Cleary, S. (2015). Setting healthcare priorities at the macro and meso levels: a framework for evaluation. International journal of health policy and management, 4(11), 719.

Sample Answer 2 for HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data

As you have noted, the general ledger offers all the financial information concerning the financial transactions of a company. A general ledger is employed by a business that employs double-entry bookkeeping. When this happens, an accounting equation that states that assets-liabilities= stakeholder’s equity. The liabilities and assets columns exist in a dibble-entry format. The format discussed above is adopted by the balance sheet, which then demonstrates the information in a detailed manner. For instance, the balance sheet shows several asset accounts, including cash and accounts receivable, in its short-term assets section.

Sample Answer 3 for HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data

A general ledger is a foundational accounting system that plays a crucial role in the storage and organization of financial data. The data enclosed in a general ledger is them used to formulate the financial statements of a firm. These statements will then be saved to an individual sub-ledger account as will have been defined by the chart of accounts of the company. The information gleaned from the chart accounts is then used to summarize o closed out to the general ledger to generate a trial balance that is then used to report the account balance of each ledger.

Yes, the economic value added approach that you have alluded to will be beneficial to the organization. Remember, the CLC entails a community hospital that work to make profits out of the services that they offer much as they pursue efficiency and customer satisfaction through reduction of costs. However, the application of the EVA will indicate just how profitable the CLC proposal is going to be for the organization, which will be a reflection of the performance of the management, which established the need for the project.

HCA 620 Topic 6 DQ 1 Sample Answer

According to Siddiqui (2015), performance measurement is the process of collecting, analyzing and reporting information regarding the performance of an individual, group, organization, system or component. Performance measurement system for businesses/organizations is to make them lean by improving performances within a business/organization. It is important for businesses/organizations to measure performance and manage their performance to be successful and keep a competitive edge over their competition. Improving performance within businesses/organizations will also increases productivity of a business by reducing the cost/resources it takes to provide the service. 

Businesses/organizations measures the performance on both the corporate or individual employee level, and it requires different performance measuring tools. The performance measurement tool that is not related to my CLC business plan is 360-degree feedback performance measurement. The 360-feedback performance measurement is used to provides individuals within the business/organization a full assessment of their performance based on the views of their peers, including their supervisor or manager, direct reports, peers, customers, and suppliers (Marr, 2019). The result of the 360-degree feedback is used to set individualized professional development goals for staff. The 360-degree feedback won’t work for my CLC Business Plan because it will not correctly measure the cost effectiveness of building an Ambulatory Service Center. 

References: 

Marr, B. (2019). Key Tools and Techniques for Performance Management. Retrieved from https://www.bernardmarr.com/default.asp?contentID=772 

Siddiqui, F. (April 7, 2015) Why is performance measurement important to the success of businesses? Retrieved from  https://www.linkedin.com/pulse/why-performance-measurement-important-success-fareed/