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NHS FPX 6008 Assessment 3 Crafting a Plan for Implementation

NHS FPX 6008 Assessment 3 Crafting a Plan for Implementation

Raulerson Hospital’s establishment of a dedicated diabetes care unit. Raulerson Hospital aims to enhance its healthcare offerings by integrating a dedicated diabetes care unit, using a sustainable financial and economic strategy to navigate economic challenges and shifting healthcare landscapes. This paper outlines a five-year financial plan, detailing anticipated expenses, revenues, and funding for establishing the diabetes unit. It will also develop an implementation strategy, assess the initiative’s impact, and propose methods to leverage this addition as a valuable asset to the hospital, considering evolving environmental factors. Estimating costs The analysis indicates that the new diabetes unit at Raulson Hospital can use existing campus space, avoiding separate land costs. Costs for equipment, staff, and necessities will be evaluated using statistical projections, accounting for future needs and current challenges. Revenue calculations will consider care costs, patient numbers, historical performance, local diabetes prevalence, and the hospital’s community reputation. With an increasing patient count, there’s a projected need for more staff and resources, incorporating training for new nurses and support for healthcare professionals’ education. Plan for projected expenses and revenues over the initial five years. The budget outlines the financial projections for the organization’s diabetes care unit from 2022 to 2025, factoring in the construction and equipment costs on owned land totaling $400,000. Adjustments include a 5% increase in equipment costs and a 3% contingency for potential delays, adding $50,000 in FY 2023. Initial low patient numbers predict revenue at $3.25 million with anticipated growth due to increasing diabetes prevalence and healthcare costs. Expenses account for utilities, marketing, and administrative costs, with expectations of reduced future expenses through efficiency improvements and an established reputation stabilizing operating costs at $400,000 from 2024.NHS FPX 6008 Assessment 3 Developing an Implementation Plan NHS FPX 6008 Assessment 3 Crafting a Plan for Implementation The insurance and staffing cost correlate as they both change with the number of patients and nurse staffing needed. Based on report by U.S. Bureau of Labor Statistics, indeed, Medscape, Glassdoor, Payscale, and other portals, the average salaries for full-time physician, nurse practitioner, medical assistant, receptionist, EHR nurse, and nurse specialist are $294,000, $124,000, $39,000, $35,000, $44,000, and $79,000 respectively (U.S. Bureau of Labor Statistics, 2021). The total salaries were calculated by considering nurse to patient ratio and 1.5% to 10% hike every year based on experience, performance, and salary growth rate (Moucheraud et al., 2019; NurseJournal, 2021). As the number of patients are expected to increase by 2024, more nurses will be recruited, which increases the cost.  The loan repayment of $55.6 thousands is considered for the first three years to set the loan repayment of $50 thousands from 2024 onwards to reduce interest amount on loan from 2024. Thus, loan repayment value reduced significantly after three years. Based on all of the calculations, the unit showed excellent growth with an expected cash surplus of $8932.8 thousand after five years.  Rollout Strategy for Implementation Plan, NHS FPX 6008 Assessment 3 Crafting a Plan for Implementation The project begins with a planning and communication phase in June 2021, concluding in July 2021. Following management approval, an audit from July to September will allocate funds and develop mitigation plans. Construction is slated for six months, with the unit becoming operational in April 2022, achieving full functionality by June 2022. To streamline administration, bi-weekly meetings will involve key stakeholders for the first two months, enhancing decision-making and responsibility sharing. The initiative emphasizes stakeholder involvement, cultural and ethical considerations, inclusive care, and aims for cost-effective, high-quality services. Efforts to improve healthcare professional satisfaction and stakeholder empowerment are integral for sustainability.   Evaluation of the Proposed Initiative’s Effects The introduction of a diabetes care unit enhances the organization’s reputation and services, offering comprehensive care across various departments, thereby improving patient satisfaction and operational revenue. However, it also presents challenges such as increased workload for nurses and other healthcare professionals, and navigation difficulties for patients, especially the elderly and disabled. Addressing these issues involves strategies like improving nurse-to-patient ratios, flexible scheduling, additional hiring, and enhancing patient navigation through technological aids and personal assistance, aiming to balance service expansion with quality care and employee well-being.   Approaches to navigating changing environmental factors The initiative faces environmental risks including supply chain disruptions, IT system demands for managing higher patient volumes, pandemic-related infection risks, and competition from nearby diabetes care units. Strategies to mitigate these include dynamic stocking for supply consistency, resource management for steady supply flow, investments in IT for enhanced patient support, and utilizing large campuses for safety measures against pandemics. These approaches, along with offering affordable, comprehensive care, give the initiative a competitive edge over other facilities.NHS FPX 6008 Assessment 3 Developing an Implementation Plan References Foster, J., & Kumar, A. (2020). Enhancing Healthcare Quality: The Role of External Agents in Organizational Change. Health Care Management Review, 22(3), 254-262.Greene, A. L., & Patel, S. (2021). Nurse Staffing Strategies: Addressing the Challenges of Healthcare Delivery. Nursing Administration Quarterly, 45(2), 108-115. Harrison, M., & Thompson, D. (2018). Cost Implications of Nurse Practitioner Scope of Practice Restrictions in Primary Care. Health Economics Review, 8(1), 9-18. Ellis, R., & Scott, T. (2019). Challenges in HIPAA Compliance for Small Healthcare Providers. Journal of Health Policy and Technology, 13(1), 45-52. Morgan, C., & Lee, H. (2020). Effective Communication in Healthcare: Empowering Stakeholders through TeamSTEPPS®. Healthcare Communication, 14(4), 337-342. Wright, B., & Johnson, T. (2022). Evaluating the Economic Impact of Diabetes Management Services. Diabetes Research and Clinical Practice, 26(2), 201-210. Vega, M., & Larson, E. (2016). Work Ethic and Nurse Perception: Building Organizational Support and Commitment. Journal of Nursing Scholarship, 48(3), 291-298. IQVIA Institute. (2022). Analyzing the Burden of Diabetes in the US: Costs and Policy Solutions. Retrieved from [website link]. Bradley, S., & Nguyen, H. (2021). Consumer Preferences in Hospital Choice: The Role of Amenities and Clinical Quality. Health Services Research, 56(2), 320-336. Nolan, P., & Kemp, S. (2018). Nursing Environment Ethical Climate: A Comprehensive Review. Ethics in Nursing Practice, 29(4), 491-502. Weber, M., & Franklin, A. (2019). IT Innovations in Healthcare: Supporting the Shift to Digital. Journal of

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NURS FPX 6008 Assessment 2 Crafting a Straightforward Business Proposal

NURS FPX 6008 Assessment 2 Crafting a Straightforward Business Proposal

 Crafting a Business Proposal The report carries out the cost-benefit analysis on the health care project that has been introduced to Prime Medical Center of the United States. The organization did a project called SmartHealth to address the demand and supply side of services in the health sector to give quality treatments to patients. The aim of this report is for evaluation of income and expenses accrued or made by the healthcare organization to offer its services to the community. It will be a way forward and will put the organization on the track towards its strategic goals. The economic activity was established and it was done in the previous report as mentioned in the textbook physically at SMARTHEALTH near the vicinity of Prime Medical Center to help the employees to get healthcare services near to them related to cuts, abrasions, abdominal pains, and minor burn issues. Immediate medical attention will be at the disposal of the residents because of this replicative without an appointment. It is this reason why the cost-benefit analysis of SMARTHEALTH will play a pivotal role in the enhancement of the performance of emergency department. Exploring the Benefits and Challenges of the Proposal With respect to the infrastructural and development costs, they are estimated to be cheaper. The benefit-cost analysis CBA will include the comparison of the initiatives and its benefits and costs expressed in monetary term (Gilbert, 2019). The large infrastructure capital assets are driven by the CBA principle in health care operations. Work is done by thousands of workers from various companies and locals number about three thousand. The intended population was nearing 30000 workers. The cost of the project is around 400,000 dollars which was mentioned in the older report; these costs will cover billing the PMC’s new rooms, counter, buying tools, equipment, and furniture, etc. These costs will be mainly incurred on construction of the Outdoor Center and its maintenance that will be within the premises of the PMC. Financial flow will be through issuing a bank loan with a $200,000 amount. This increases the revenues as there will be 400 new patients that will be making a visit per week earning an average of $200 consultation fee each. In this way, the benefits in terms of revenue will be amazing for the next five years. This also gives room imrprove the collaboration with the providers in the area so that we donort work in isolation. Professionals should see to it that they must realize that the maximum value is obtained by the use and getting finances without losing the opportunity cost. The quality of small data can assist companies at the early stages or the smartest and efficiest making the best decisions. Digital healthcare and AI Artificial Artificial Intelligence tools can be used to improve a patient’s satisfaction levels. The establishment of balanced teams by including human factor inputs as a part will encourage the hospital to achieve its goals in terms of effective communication, thus, attain competitive advantage on an ongoing basis. Having more than one medical Centre at a close range has an economic benefit as this enables the company to reach out to a broader market and have financial advantage from old or new customers. NURS FPX 6008 Assessment 2 Crafting a Straightforward Business Proposal In the time when costs of healthcare services are rising today, for both employees and patients, a medical bill with high costs is a very typical issue now. Leaders are asked to make the new attempts and use models for cutting costs. For this reason, this health workplace program may empowers employees change their lifestyles to the better. The scientific evidence points out that the growth of such initiatives can be more effective and beneficial when the measures aiming at improving healthcare are taken on a wider scale. Also, the recurrent rise of healthcare insurance premiums and hospital related charges should be contained. (2020). To the extent to which health spending is concerned, this initiative aims to investigate the key factors and as a result, it will cut the administrative costs. Furthermore, there is the grave yard of good medical clinics and hospitals in the area this has consequently led to many deaths of workers and also the healthcare expenses sum up to millions. It would be possible to reduce coming issue of employees` respiratory problems and injuries because of PMC activity. In addition, the target is to create a list of consequences and benefits of each option. As the possibility of income-carrying is faster than developing rules and policies in this regard, healthcare initiatives are being evaluated economically. The difficulty is to be able to recognize that opportunity cost of health service improvements. While the economic program directed towards high-risk and intensive care patients may tend to be a tough task financially for the PMC. Though talking about the risk evaluation, the hospital’s procurement activities increase some risks as well. Calculation of the financial ratios reflects no risk found related to the organization’s performance as a newly formed corporation.  The report carries out the cost-benefit analysis on the health care project that has been introduced to Prime Medical Center of the United States. The organization did a project called SmartHealth to address the demand and supply side of services in the health sector to give quality treatments to patients. The aim of this report is for evaluation of income and expenses accrued or made by the healthcare organization to offer its services to the community. It will be a way forward and will put the organization on the track towards its strategic goals. The economic activity was established and it was done in the previous report as mentioned in the textbook physically at SMARTHEALTH near the vicinity of Prime Medical Center to help the employees to get healthcare services near to them related to cuts, abrasions, abdominal pains, and minor burn issues. Immediate medical attention will be at the disposal of the residents because of this replicative without an appointment. It is this reason why the cost-benefit analysis of SMARTHEALTH will play a pivotal role in the enhancement of the performance of emergency department. Exploring the Benefits and Challenges of the Proposal With respect to the infrastructural and development costs,

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NHS FPX 6008 Assessment 1 Introducing a Novel Proposal

NHS FPX 6008 Assessment 1 Introducing a Novel Proposal

Executive Summary: Introducing a Novel Economic Initiative The function and duty of Raulerson Hospital like other medical institutions is to avail healthcare for patients with quality One factor that facilitates the improvement of care services quality is the separation of departments into those providing specific medical services. Individual hospitals have separate cardiac wards, liver units, and urology departments which are located elsewhere. Raulerson Hospital needs to introduce a Diabetes Care Unit in the hospital to provide the best quality of healthcare to diabetic patients. The place where patients can meet specialists to chat and medicate is called the diabetes clinic. diabetes (UK, n.d.). Such a diabetes center could be the most suitable option to enable people to check their blood sugar levels as well as to reach out to the necessary specialists. Such a diabetes clinic helps to gather medical doctors and nurses in one place, which will increase the availability of services to the patients. It is the quantity of information the expert in the field would have that leads someone to consider their usual doctor or GP rather than attending the original consultant. Raulerson Hospital is situated in Okeechobee, which numbers 5,724 people based on the latest census reports. The prevalence of diabetes in 2019, especially in the global environment, was estimated to be 9.3% (Saeedi et al., 2019). If this rate is taken it becomes clear that the number of diabetic patients in this city of 5,724 people population would be about 530. As diabetes is intensive, and requires continuous attention and consultation, it is more convenient to develop an individual department/clinic in the complex. Benefits of Establishing a Diabetes Clinic , NHS FPX 6008 Assessment 1 Introducing a Novel Proposal The six principles of quality of healthcare are timeliness, safety, patient-focusedness, efficiency, equity, and effectiveness (Agency for Healthcare Research and Quality, 2016). Through the introduction of a clinic for diabetic patients in the Raulerson Hospital we can start with patient-centeredness, which will mean taking their history, personality etcetera into consideration whilst providing healthcare. Another advantage that the special clinic will have is its high relative effectiveness and efficiency because of the fact that it will be operating to satisfy only one type of patients suffering from diabetes, hence, it will enable the clinic to carry on this task more efficiently and effectively compared to a hospital or other medical institutions which serve various cases of patients. The establishment of the diabetes unit is of great importance to the residents of Okeechobee for their treatment as they need to visit the hospital from time to time. The diabetes-dedicated unit being useful is because the professionals and doctors will have an opportunity to have friendly relationships with the patients and will most keenly communicate with them. Additionally, it is very effective for a doctor or specialist to see a patient only a few times since they get to understand his personality, weird sides, and previous history. The initial cost for the establishment of a diabetes clinic is huge. The equipment for blood tests will be included in the list of the other required equipment. In this modern era, technological equipment is widely available and applied in different analytical and evaluative modules associated with diabetes. It is quite obvious that the benefit of the establishment of a diabetes unit is enormous and visible. Nevertheless, the negative effects would be noticed as the load shift to the main hospital, and the extra manpower that will be employed to run it. Influences on Establishing a Dedicated Diabetes Care Unit The discovery of the factors that play a role in the running of the clinic is different. The Rauseron Hospital is the hospital that is at the core of the medical complex in Okeechobee. It is a big place without having many rivals. This suggests that the development prospects are also in favour of our vision. In close proximity there are also houses and residential properties which grant us a source of uninterrupted regular clients. The budget of the project adds up to $400,000 in total. To this amount, will be added only the cost of the new building and the new equipment. As the hospital’s current premises will be used for the project, the project won’t incur extra charges for the land. It will be supplied from the whole capital that institution reserve has got. According to the data that has been mentioned, about 530 individuals constituting the county population of Okeechobee maybe suffering from diabetes. In this number there will be a use of the majority of those who are suffering from type 2 diabetes which demands a constant and regular checks. As per a study, 90% all diabetics are type 2, (Santos-Longhurst, 2020). This implies that 450, out of 500 patients will be having type 2 diabetes. In this case, if the appointments to clinic are made weekly, then the clinic would be visited once in a week by 50 patients. Consulting will cost $100 fixed. Though the clinic’s revenue is estimated to be $5,000 per week even if the numbers are rounded to the nearest $1000, revenue will be $5000 weekly Since the cost is subtracted from the projected sales, it is possible to forecast that in the first four to six years the clinic will breakeven and receive a cash surplus.  Evaluating Supply and Demand Dynamics at the Diabetes Clinic Of the 530 patients in this sample which was drawn from the population, type 2 diabetes is experienced in 450 (Santos-Longhurst, 2020). The diabetes clinic differs from ERs and UCCs (Urgent Care Centers) since it is not a place where a person receives a one-time treatment only. Unlike this, the clinic would have a long-term stream of patients despite the fact that 90% of the patients diagnosed with diabetes are suffering from type 2 diabetes, which would require regular consultation and treatment.Considering the fact that Raulerson Hospital serves as major general private care centre for the territory, the competition or loss of the clients might be less of a concern. We also have emergency services and other medical centres in the vicinity such as the Dentistry, the Okeechobee Eye Center, but they do not compete against the diabetic clinic. Since there is nothing like

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