Planning and Budgeting

[Name of the Student]

[Name of the professor]

[Name of the Institute]

[The Course Title]

[Date]

Planning and Budgeting

Introduction

The aim of the paper is to highlight the overall financial analysis of one of the largest healthcare organization of the US, Rush University Medical Center. The paper extricates the how the organization focus on the industry trends and other external environment factors in order to make appropriate pricing and service decisions. Moreover, the paper attempts to elaborate the overall process of the financial planning of the Rush University Medical Center. It discusses the key components of the organization's financial plan. The paper recommends the major investments for the organization. It determines the best value project by calculating net present value of both of the projects. In addition to it, the paper discusses the financial ratio analysis and break even of the Rush. Further, the paper discusses how the organization deals with the financial risks as well as required return issues. In a nutshell, the paper is purposed to discuss the detailed financial activities of the Rush University Medical Center.

Discussion

The paper is purposed to provide a financial analysis of the rush university medical center. Rush university medical centre is a 678 academic media centre that embraces the hospital facilities for adults as well as for children. It is affiliated with rush university and is basically a not for profit health care organization, as well as educational institute and research enterprise. Rush university medical centre is ranked as 11 adult and 2 pediatric specialists nationally. It is among the top-ten nursing colleges nationwide. As well as it encompasses graduate programs in allied health, biomedical research and health system management. In the most recent year it is reported that the rush university medical centre is facilitating general medical and surgical facility with 30,531 admissions. The hospital annually catered 11,553 inpatient as well as 9,363 outpatient surgeries.

The rush university medical centre teaching hospital is certified by CARF (Commission of Rehabilitation Facilities). The affiliated hospitals and services of the rush university medical center are

Rush Children Hospital

Rush-Copley Medical Center

At Chicago's west side, rush university medical center is the largest non-governmental employer and the 20th largest employer in the private sector of Chicago with more than 8,000 employees and the pay roll exceed $500 million.

Rush university medical centre (adult specialist) is ranked as the best performer in psychiatry. In addition to it, rush is ranked as number 11in orthopedics, 12 in geriatrics, 17 in neurology and neurosurgery, 18 in nephrology, 22 in urology, 46 in ear, nose and throat, 44 in gynecology and 47 in pulmonology treatment. Moreover, rush university medical center (pediatric specialties) is nationally ranked at 23 in gasterenology and 45 in neonatology (health.usnews.com).

In order to be the best health care organization, it is essential to cater patients with in depth care so that they become satisfied completely. Most of the health care organizations conduct researches in order to determine how much their patients are satisfied with their treatment and services. A study reveals that almost 79% of ...