business plan part 5: revision and final business plan

Business Plan Part 5: Revision and Final Business Plan

SWOT Analysis

Financial Analysis and Budget

The financial analysis and budget for St. Jude Research Children’s Hospital are based on the hospital’s projected operating expenses for the upcoming year. The budget is used to plan for the hospital’s financial needs and to track actual expenses against projections. The budget includes revenue from patient care, grants, and donations, as well as staff, supplies, and overhead expenses.

St. Jude Research Children’s Hospital has established itself as a frontrunner in pediatric cancer research and treatment for over half a century. Danny Thomas established St. Jude Research Hospital to provide free cancer treatment to children whose families cannot pay for it. Because of donations from people and organizations like the ALSAC fundraising facility, St. Jude Children’s Research Hospital can help thousands of children. Because of the generosity of organizations such as ALSAC and others, St. Jude Children’s Research Hospital has provided medical care for millions of children all over the world (Neal, 2015). As a direct consequence, they are compelled to put patients on a waiting list until they can accommodate all of them.

My cost-benefit analysis suggested that additional beds be added to accommodate more patients. St. Jude is a non-profit organization dedicated to giving care to any kid in need. More beds at a new hospital may increase the number of patients and the number of jobs in the area. The waiting list will continue to expand as the sole cancer research facility that offers free treatment. Because of the limited availability of inpatient and outpatient treatment options, St. Jude can only accept a limited number of children at a time. According to Jules of Life Foundation et al., (2020), the St. Jude financial assistance policy must follow the Patient Protection and Affordable Care Act (PPACA) and all associated legislation to comply with federal law.

Strategy

The strategy of St. Jude Research Children’s Hospital is to provide the best possible care for its patients while also conducting research to find cures for childhood diseases. The hospital aims to find cures for childhood diseases and provide the best possible care for its patients. The hospital’s world-renowned research program is also known for its excellent patient care.

There are many specific goals that need to be set in place in order to get more