Assessment 2: Capella’s MSN
FlexPath Program
The second assessment in
Capella University's MSN FlexPath program, NHS-FPX6008 – Economic Decision
Making in Health Care, requires you to write a brief 2-3 page report about
a health care economic issue that you have already identified. The report should
address the reasons why you selected the issue, identify how this issue
impacts your work, your colleagues, and your organization, and
describe the gap that you see contributing to this issue. Here is a
tutorial on how to write this assessment:
Section 1:
Introduction
The introduction is the
first section of the report and should be used to introduce the topic and provide
background information. The introduction should include the following elements:
- Hook: Attract the reader's interest by starting
with a statement or question that captures their attention.
- Research question: Clearly state the research
question that the report will address.
- Antecedents: Identify the previous work that has
been done on the topic.
- Value-added: Explain how the report will add to the
previous work.
- Roadmap: Provide a brief overview of the report's
structure.
For example, the
introduction could start with a statement like "The rising cost of
healthcare is a major concern for individuals, organizations, and governments
around the world. This report aims to identify a health care economic issue
that impacts the work of nurses in the United States and provide
recommendations for addressing this issue."
Section 2:
Implementation Plan for a New Economic Opportunity
The second section of the
report should focus on the implementation plan for a new economic opportunity.
This section should include the following elements:
- Vision: Clearly state the vision for the new
economic opportunity.
- Mission: Explain the mission of the new economic
opportunity.
- Goals: Identify the goals that the new economic
opportunity aims to achieve.
- Strategies: Describe the strategies that will be
used to achieve the goals.
- Actions: Provide a detailed plan of action for
implementing the strategies.
For example, if the new
economic opportunity is the development of a smartphone application called
MyHealth to help pregnant women monitor their health and pregnancy, this
section could include a timeline for the development of the app, including
initial planning, strategy building, app development, app designing, branding,
and launching.
Section 3: Budget for
the Suggested App for Smartphone
The third section of the
report should focus on the budget for the suggested app for smartphone. This
section should include the following elements:
- Fiscal period: Identify the fiscal period for
evaluating the costs and benefits of developing and operating the
smartphone application.
- Costs: Provide a detailed breakdown of the costs
associated with developing and operating the smartphone application.
- Revenue plan: Describe the revenue plan for the
smartphone application.
For example, if the
budget for the MyHealth app includes a fiscal period of five years, this
section could include a breakdown of the costs associated with developing and
operating the app, as well as a revenue plan that includes charging $99.99 per
pregnancy per woman, which would result in $499,950 per annum if 5,000 babies are
born in CPH every year.
Section 4:
Implementation of the Opportunity
The fourth section of the
report should focus on the implementation of the opportunity. This section
should include the following elements:
- Timeline: Develop a practicable timeline for the
implementation of the opportunity.
- Alignment: Align the smartphone app development
strategy with the broader organizational mission.
- Stakeholders: Involve stakeholders from the
beginning of the project.
For example, this section
could include strategies for involving stakeholders from the beginning of the
project, such as holding regular meetings with stakeholders to gather feedback
and input.
Section 5: Strategies
The fifth section of the
report should focus on strategies for the success of the planned smartphone
app. This section should include the following elements:
- Unique value: Offer unique value to users.
- Solving major problems: Solve major problems that
users face.
- Clear client base: Have a clear client base.
- Marketing strategy: Have a robust marketing
strategy.
For example, this section
could include strategies for offering unique value to users, such as providing
personalized health recommendations based on user data, and having a robust
marketing strategy that includes social media advertising and influencer
partnerships.
Section 6: Conclusion
The conclusion is the
final section of the report and should summarize the main points of the report
and provide recommendations for future action. The conclusion should include
the following elements:
- Summary: Summarize the main points of the report.
- Recommendations: Provide recommendations for future
action.
For example, the
conclusion could summarize the main points of the report, such as the economic
opportunity presented by the MyHealth app, and provide recommendations for
future action, such as conducting further research on the potential impact of
the app on healthcare costs and outcomes.In conclusion, writing the first
assessment in Capella University's MSN FlexPath program requires you to
identify a health care economic issue, describe its impact, and provide
recommendations for addressing the issue. By following the tutorial outlined
above, you can successfully complete this assessment and develop the
skills necessary to analyze and address health care economic issues.
Appendix
The appendix, however, will need to be appended with a 5-year plan that you will develop based on your report above. Here is a snapshot for you:
The plan is an implementation plan for a new
economic opportunity proposed at the City Park Hospital (CPH) in rural
California. The budget for the app includes a fiscal period of five years to
evaluate the costs and benefits of developing and operating the smartphone
application. The plan outlines the projected opening cash balance, funding for
CPH, operating receipts, patient services, staff salaries, and cash
surplus/deficit for each fiscal year.
For example, in year one,
the plan projects an opening cash balance of $0.00, $2,500.00 for
supplies/equipment/branding, $50,000.00 for funding for CPH, $1,000.00 for
operating receipts, $65,000.00 for patient services, and $6,500 for total staff
salaries. The projected cash surplus/deficit for year one is $67,909.00, and
the projected closing cash balance is $67,909.00.
In year two, the plan
projects an opening cash balance of $0.00, $1,000.00 for
supplies/equipment/branding, $65,000.00 for funding for CPH, $1,000.00 for
operating receipts, $80,000.00 for patient services, and $110,045.00 for total
staff salaries. The projected cash surplus/deficit for year two is $70,421.63,
and the projected closing cash balance is $70,421.63.
The plan continues in
this manner for years three, four, and five, projecting the opening cash
balance, funding for CPH, operating receipts, patient services, staff salaries,
cash surplus/deficit, and closing cash balance for each fiscal year.
In summary, the five-year plan is a financial
projection for the implementation of the MyHealth app at CPH. It outlines the
projected costs and revenues for each fiscal year and provides a framework for
evaluating the costs and benefits of developing and operating the smartphone
application over a five-year period.