Walkthrough Assessment 2: NHS-FPX6008 – Economic Decision Making in Health Care

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.