Posted: January 24th, 2023

Benchmark – Capital Needs Essay

 

Scenario: As the administrator of a small privately owned not-for-profit hospital that has been seeing a significant increase in patient volume, it has been determined that another wing should be added to accommodate the increase in volume. However, there is not enough cash in reserves to finance the project. You have been tasked with planning how the capital required for the project can be raised.

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In an essay (1,000-1,250 words) address the following prompts, citing four to six scholarly sources to support your claims:

  1. Capital needs can be met either through equity or debt financing. Explain the difference between the two and which financing would be appropriate and why, considering that this is a private, not-for-profit hospital.
  2. Explain the term working capital and how it is related to debt financing for capital expenditures.
  3. Discuss the importance of a cash budget and how it can be used to assess the financial viability of this capital expenditure.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to LopesWrite. Refer to the

LopesWrite Technical Support articles

for assistance.

Benchmark Information

This assignment assesses the following programmatic competency:

MBA Health Systems Management

MPA Health Care Management

MS Health Care Informatics

MSHA: 3.6: Develop and apply skills necessary to manage finances, evaluate financial performance, and develop financial plans at the departmental/organization level.

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Format

20.0%

20.0%

Format

5.0%

5.0%

Course Code Class Code Assignment Title Total Points
HCA-530 HCA-530-O500 Benchmark – Capital Needs Essay 100.0
Criteria Percentage Unsatisfactory (0.00%) Less Than Satisfactory (74.00%) Satisfactory (79.00%) Good (87.00%) Excellent (100.00%) Comments Points Earned
Content 70.0%
In an essay (1,000-1,250 words) address the following prompts, citing four to six scholarly sources to support your claims: Explain the difference between the two and which financing would be appropriate and why, considering that this is a private, not-for-profit hospital. (C: 3.6) 30.0% Essay fails to explain the difference between equity or debt financing and which financing would be appropriate considering that this is a private, not-for-profit hospital. Essay explains the difference between equity or debt financing and which financing would be appropriate considering that this is a private, not-for-profit hospital in a less than satisfactory way. Explanation is vague, illogical, and lacks relevant evidence to support claims. Essay explains the difference between equity or debt financing and which financing would be appropriate considering that this is a private, not-for-profit hospital in a basic way, but some reasoning doesn’t make sense. Some relevant evidence is provided. Essay adequately explains the difference between equity or debt financing and which financing would be appropriate considering that this is a private, not-for-profit hospital using sound reasoning supported by some relevant evidence. Essay thoroughly explains the difference between equity or debt financing and which financing would be appropriate considering that this is a private, not-for-profit hospital, using logical reasoning and strong details supported by relevant evidence.
Explain the term working capital and how it is related to debt financing for capital expenditures. 20.0% Essay fails to explain the term working capital and how it is related to debt financing for capital expenditures Essay explains the term working capital and how it is related to debt financing for capital expenditures in a less than satisfactory way. Explanation is vague, inaccurate, or lacks relevant evidence to support claims. Reasoning doesn’t flow logically. Essay explains the term working capital and how it is related to debt financing for capital expenditures in a basic way, supported with some relevant evidence to support claims, but some reasoning doesn’t make sense. Essay adequately explains the term working capital and how it is related to debt financing for capital expenditures using reasoning supported with strong relevant evidence to support claims. Essay thoroughly explains the term working capital and how it is related to debt financing for capital expenditures using strong logical reasoning supported with relevant evidence to support claims.
Discuss the importance of a cash budget and how it can be used to assess the financial viability of this capital expenditure. Essay fails to discuss the importance of a cash budget and how it can be used to assess the financial viability of this capital expenditure Essay discusses the importance of a cash budget in a less than satisfactory way and fails to address how it can be used to assess the financial viability of this capital expenditure Lacks relevant evidence. Reasoning doesn’t flow logically. Essay discusses the importance of a cash budget and explains how it can be used to assess the financial viability of this capital expenditure on a basic level, some reasoning doesn’t make sense. Lacks some relevant evidence. Essay adequately discusses the importance of a cash budget and explains how it can be used to assess the financial viability of this capital expenditure, using logical reasoning supported with some relevant evidence. Essay thoroughly discusses the importance of a cash budget and comprehensively explains how it can be used to assess the financial viability of this capital expenditure, using logical reasoning supported with relevant evidence.
Organization and Effectiveness
Thesis Development and Purpose 7.0% Paper lacks any discernible overall purpose or organizing claim. Thesis is insufficiently developed or vague. Purpose is not clear. Thesis is apparent and appropriate to purpose. Thesis is clear and forecasts the development of the paper. Thesis is descriptive and reflective of the arguments and appropriate to the purpose. Thesis is comprehensive and contains the essence of the paper. Thesis statement makes the purpose of the paper clear.
Argument Logic and Construction 8.0% Statement of purpose is not justified by the conclusion. The conclusion does not support the claim made. Argument is incoherent and uses noncredible sources. Sufficient justification of claims is lacking. Argument lacks consistent unity. There are obvious flaws in the logic. Some sources have questionable credibility. Argument is orderly, but may have a few inconsistencies. The argument presents minimal justification of claims. Argument logically, but not thoroughly, supports the purpose. Sources used are credible. Introduction and conclusion bracket the thesis. Argument shows logical progressions. Techniques of argumentation are evident. There is a smooth progression of claims from introduction to conclusion. Most sources are authoritative. Clear and convincing argument that presents a persuasive claim in a distinctive and compelling manner. All sources are authoritative.
Mechanics of Writing (includes spelling, punctuation, grammar, language use) 5.0% Surface errors are pervasive enough that they impede communication of meaning. Inappropriate word choice or sentence construction is used. Frequent and repetitive mechanical errors distract the reader. Inconsistencies in language choice (register) or word choice are present. Sentence structure is correct but not varied. Some mechanical errors or typos are present, but they are not overly distracting to the reader. Correct and varied sentence structure and audience-appropriate language are employed. Prose is largely free of mechanical errors, although a few may be present. The writer uses a variety of effective sentence structures and figures of speech. Writer is clearly in command of standard, written, academic English.
10.0%
Paper Format (use of appropriate style for the major and assignment) Template is not used appropriately or documentation format is rarely followed correctly. Appropriate template is used, but some elements are missing or mistaken. A lack of control with formatting is apparent. Appropriate template is used. Formatting is correct, although some minor errors may be present. Appropriate template is fully used. There are virtually no errors in formatting style. All format elements are correct.
Documentation of Sources (citations, footnotes, references, bibliography, etc., as appropriate to assignment and style) Sources are not documented. Documentation of sources is inconsistent or incorrect, as appropriate to assignment and style, with numerous formatting errors. Sources are documented, as appropriate to assignment and style, although some formatting errors may be present. Sources are documented, as appropriate to assignment and style, and format is mostly correct. Sources are completely and correctly documented, as appropriate to assignment and style, and format is free of error.
Total Weightage 100%

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