Health & Medical Question

In this assignment, you will complete a research paper in which youcreate a balance sheet, income statement, and statement of cash flows for a healthcare facility. Youwill also make capital budgeting and investment decisions and present long-term financial analysisfor the facility. In this analysis, you will evaluate the financial implications of current and futurehealthcare trends and discuss the future of healthcare financial management in the United States.For this assignment, submit a 1000- to 2000-word research paper that gives basic backgroundinformation about your healthcare facility and presents current budget information. Follow thecomponents listed below.This assignment has two parts. Part 1 1. Include the following information in the first part of this assignment: a. Describe which facility that you wish to analyze.Note: Do not use the same facility you used in previous assignments.b. Create your own facility name, background, and information about what type ofhealthcare facility it is. c. Give a brief description of your facility, including information about its history, itscurrent financial situation, and whether it is for-profit or nonprofit. Part 2 2. Include the following components for the second part of this assignment: a. Outline the budget information for your facility for 2018. Include the revenues, costs,and profits (or losses). b. With this information, present a budget and actual results for the facility with thedifference in dollar-terms and percentages based on the actual numbers. c. Explain the relationships of these items. d. Based on this information, calculate and interpret the revenue, cost, and profitvariances for the facility. • You are creating this facility, so the budget information is up to you. Forinstance, if you want to concentrate on turning operations around in a strugglingfacility, that facility might face losses in its 2018 budget.