NR529 Module 6 Assignment Latest 2020 March

NR529 Leadership and Management within the Clinical Healthcare Environment

Module 6 Assignment  

Financial Management

Purpose

Within the clinical healthcare environment, human, material, and financial resources can impact the delivery of safe, high-quality, person-centered care. As a result, efficient management of resources is a crucial aspect of advanced nursing practice within the clinical environment. Responsible use and management of financial resources is essential as revenue streams and reimbursement guidelines continue to change. The purpose of this assignment is to analyze the expense and revenue associated with the proposed MSN project, and variables which may impact the fiscal aspect of this initiative. Discussion will be included to forecast strategies to manage fiscal variances which may occur with the MSN project.

A printed version of these assignment guidelines are available below.

ePortfolio: This assignment will also be a part of your ePortfolio. Students are encouraged to follow the guidelines for creating the ePortfolio by clicking "ePortfolio" on the course home page.

Course Learning Outcomes

Through this assignment, the student will address the following course learning outcomes:

CO 2: Determine competencies for planning, monitoring, and evaluating resources that ensure safe, quality person-centered care. (PO 1)

CO 3: Identify the impact of cultural and ethical awareness in management of resources at the unit level. (PO 3)

Suggested Due Date

This assignment has a suggested due date of Sunday 11:59 pm MT at the end of Module 6.

Final due date is Sunday 11:59 pm MT at the end of Module 7.

Total Points Possible: 200 Points

Assignment Overview

Review the fiscal implications of your proposed MSN project. Identify expenses associated with the project, any revenue which may be realized, and future cost savings which may be intended. Explore the variables which may impact the financial aspect of your project, and consider strategies to address variance which may occur.

After careful review of these elements, review Appendix I item #4 in the Johns Hopkins Action Planning Tool, located in the MSN Toolbox and the MSN Project Financial Management Table. Create a 3 to 5 page paper, using a minimum of 4 peer-reviewed scholarly sources, current within 5 years, to support your work.

See rubric for specific, required content criteria within each section of the paper:

Provide an introduction to the paper.

Using an economy of words, provide a succinct overview of the MSN project. Include a statement of the purpose or problem to be addressed.

Discuss implications of the MSN project for advanced nursing practice, including: (a) how the impact of MSN project will promote efficiency or cost savings within the healthcare environment; and (b) how the project will contribute to a culture of safe, high-quality, person-centered care.

Provide a concise narrative summary addressing the financial expenses associated with the MSN Project, as well as any revenue (if applicable) which may be realized. Identify two specific variables which may influence the financial aspect of the project. Discuss at least one specific strategy to address each of the potential variables which is identified. Explain how each strategy will support efficient financial management of the project.

Provide a conclusion to the paper.

Using APA format, include the MSN Project Financial Management Table as an appendix to your paper.