Business Plan for Health Facility Assignment

Business Plan for Health Facility Assignment

Develop a mini business plan for a new service or product within your healthcare facility or a healthcare facility you are familiar with (e.g., a hospital, a health clinic, a nursing home, or an outpatient center).
Create a 5-page business plan that:
• Describes the need for the service,
• factors impacting the need for the service,
• fiscal planning issues, and human capital issues and needs.Business Plan for Health Facility Assignment
• Provides an overview of the product or the service.
• Analyze the market, explaining why this product or service is necessary and how much you will get paid for selling the product or providing this service.
• Provides an operational budget.
• Provides a capital budget (major purchases required).
• Provides a human resource cost budget—if you are borrowing staff from other departments, you must account for its costs in the human resource budget.
• Summarizes why this product or service should be given the green light.Business Plan for Health Facility Assignment

 This proposal template is your opportunity to clearly articulate your idea and provide a business plan about how to successfully implement and sustain the idea.  Development of Business Plans are covered in Chapter 17 of the Dunham-Taylor, Janne, Pinczuk (2010) textbook.  You must provide recent scholarly support and authoritative sources of information for your proposal.

 

What are you trying to accomplish and why?  What is the problem you are looking to solve (or, what is the outcome you are looking to achieve)?  What led you to conceiving this idea?Business Plan for Health Facility Assignment

Describe the need for the service/project, factors impacting the need for the service/project, fiscal planning issues, and human capital issues and needs.

BUY A PLAGIARISM-FREE PAPER HERE

You may use a SWOT analysis if helpful in structuring your response (not required).

Narrative:

 

Provide an overview of the product or service. [add content here]

 

Describe your market (Is your organization in a rural/urban area?  What are the geographic characteristics, citizen demographics, payer mix, etc.)?  Who are your competitors?  How is the economy within your community, region or State? How do you know there is a need for your proposed service or project?  How will you be reimbursed for your service?Business Plan for Health Facility Assignment

 

[add content here]

 

Revenue Assumptions Narrative:

[add content here]

Expense Assumptions Narrative:

[add content here]

 

 

 

Example Only (delete prior to submitting assignment):

 

 

 

What equipment (over $1,000) is required for your service/project proposal?  Rationale of why this equipment needs to be included in the capital budget.

 

 

Narrative:

[add content here – If  you do not have capital items associated with your proposal, then you need to provide an overview of the capital budgeting process in this section.]Business Plan for Health Facility Assignment

 

 

Detail:

Equipment                                       Cost                           Useful Life                Priority

 

[add content here]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Explain the proposed staffing plan.  Full Time Equivalent (FTE) = 2,080 hours (40 hours x 52 weeks).

Narrative:

[add content here – remember, this is staffing associated with the project only.]

 

 

Detail:

Example Only (delete prior to submitting assignment):

 

Identify the measures you can use to identify whether your idea will achieve your desired outcome, using the SMART approach:

  • Specific
  • Measurable
  • Attainable
  • Reliable
  • Time bound

 

Narrative:

[add content here]

 

 

Why should this project be funded?  What is the cost-benefit analysis? (Do not forget to support your assertions with in-text citation)Business Plan for Health Facility Assignment

Narrative:

 

[add content here]

 

 

What are the risks to the organization if the project IS NOT funded?

Narrative:

[add content here]

 References

(Example Only – Delete prior to submitting assignment)

Dunham-Taylor, Janne,  Pinczuk. (2010). Financial Management for Nurse Managers: Merging

the Heart with the Dollar, 2nd Edition. Jones & Bartlett Learning. [Bookshelf Online].

 

Finkler, S., Jones, C., Kovner, C. (2013). Financial Management for Nurse Managers and

Executives, 4th Edition. [Bookshelf Online]. Retrieved from https://bookshelf.vitalsource.com/#/books/978-1-4557-0088-2/

 

Johnson, J. E., & Garvin, W. S. (2017). Advanced practice nurses: Developing a business plan

for an independent ambulatory clinical practice. Nursing Economics, 35(3), 126.

 

Appendix

Resources:

Community Commons -                     Data, tools, and stories to improve communities and inspire change.  Free membership.  https://www.communitycommons.org/

 

Small Business Administration -        Significant resources on starting and managing a small business.  https://www.sba.gov/

Business Plan for Health Facility Assignment