In addition to being fiscally sound, cost neutral, or revenue producing, a new program/major change must fit with the organization’s philosophy, vision, mission, and strategic plan. Describe with specific examples how your project fits in with your institution’s philosophy, vision, mission, and strategic plan. Drawing upon your knowledge of various change theories and in particular Rogers’ Diffusion of Innovations (theory for sustainable change), how will you go about engaging stakeholders to...

The SWOT analysis is a necessary component of planning a project and preparing the business plan. Based on your PICO(T) and project proposal, discuss what information you need for the SWOT in order to provide rationale and validity for your project. Solution: A SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis as defined by Young (2017) is a tool that coaches the nurse managers, clinical leaders, nurse educators, nurse mentors and staff concerned with the analysis of what is...

Consider your PICO(T) and the proposal for your final project. When you think of it as a type of new program development, what specific information will you need to obtain to create the cost-benefit analysis as part of your business plan for the project? Solution: My project picot is; For nurses in a healthcare setting (P), does working 12-hour shift (I) as compared to 8-hour shift (C) lead to saving more of the company’s money (O) over a period of 2 months (T). Many healthcare organizatio...

Staffing is one of the largest expenditures for healthcare organizations. It stands to reason that for some organizations a mandatory staffing ratio could negatively impact their financial bottom line. Sometimes ratios can be different within an organization based on acuity of patients or type of unit. Explore your own organization staffing ratio policy. What is/are the ratio(s) and how they are determined? What variables affect the ratios? Have they been mandated by state legislation or organiz...

Purpose The purpose of this assignment is to develop a business plan for a quality improvement project, program, or service related to an area of student interest within the selected healthcare organization. Due Date: Sunday 11:59 p.m. MT at the end of Week 7 Total Points Possible:  200 I.                  Requirements: Address all components of the business plan as outlined in Preparing the Paper. Refer to the Business Plan Worksheet, available for download on the Course Resou...

Purpose The purpose of this assignment is to provide learners with the opportunity todevelop break-even-analysisskills. Due Date: Sunday 11:59 p.m. MT at the end of Week5 Total Points Possible:  100 Requirements: Answer the questions and complete the calculations required for the assignment. Submit your answers on a Word document,with the heading of Week 5Assignment. For the questions requiring a written response, please adhere to proper grammar and syntax, and provide references. ...

Purpose This assignment provideslearners with the opportunity to apply budgeting knowledge and skills by calculating full-time equivalents for a nursing unit, projecting FTE needs related to census changes, and analyzing a variance scenario. Due Date:Sunday 11:59 p.m. MT at the end of Week 4 Total Points Possible: 150 Requirements Description of the Assignment This assignment is in two scenario-based sections each related to staffing budgets. In the first, the student will perform mult...

Guidelines for Touchpoint Reflections A downloadable version of the guidelines, which includes further information, is available for access on the Course Resources page. Reflection Information EXPERIENCE This week's readings contained a great deal of information on financial and budgeting principles. Some of you may have had some familiarity with the concepts and maybe even experience in working with them. However, there is always something new to learn. REFLECTION What pre-con...

After exploration of the types of budgets and the processes for their development at your institution. How and from whom is input into the budgets acquired and used? Where does control of the budget lie? What influence do unit and midlevel managers have on the various kinds of budgets? Solution: According to Gatenby, Rees, Truss, Alfes, and Soane (2015), healthcare organizations consume a considerable proportion of the recurrent national health budgets and are the avenues for key intervent...

Guidelines for Touchpoint Reflections A downloadable version of the guidelines, which includes further information, is available for access on the Course Resources page. Reflection Information EXPERIENCE Consider the data collected in Week 1 about your institution's payer mix, delivery system, population demographics, and this week's discussion on value- and volume-based reimbursements REFLECTION Describe how these factors coalesce to influence the financing of the type and qua...