What is the organization’s current business model?

Hcs 589 week 4 financial plan 140530

The organization’s current business model is focused on providing specialized services related to healthcare quality improvement, and promoting the implementation of evidence-based practices. The primary sources of revenue are fees charged for consulting services and grants from state and federal agencies. Financial adjustments I made included allocating more resources towards marketing efforts in order to increase awareness about the services offered, as well as reinvestment of a portion of profits back into the organization for long term growth initiatives such as expanding the service base or acquiring additional technology that can help improve operational efficiency.

The organization’s internal financial capabilities have had an impact on my financial plan by constraining certain decisions that could otherwise be taken if capital was not limited. For instance, many investments require upfront costs but generate returns further down the line; having access to a bigger pool of resources would enable us to take greater risks and make those types of investments which may ultimately yield higher rewards over time. In terms of implementation, these constraints will likely affect our timeline since we may need longer than expected in order to secure necessary funding before initiating projects or programs.