NHS 6008 Unit 6 Assignment Business Case for a New Economic Opportunity

NHS 6008 Unit 6 Assignment Business Case for a New Economic Opportunity

NHS 6008 Unit 6 Assignment Business Case for a New Economic Opportunity

 

Professional Context

As a Master’s level health care practitioner you are
expected to consider a number of factors when analyzing the feasibility of a
new initiative. For example, you need to keep in mind the various types of risk
(such as patient safety, physical plant, financial, or reputation), as well as
the present and future value of the service line or economic opportunity into
which you are investing resources. You also must balance the competing
considerations of your ethical and moral responsibility to provide quality care
to patients and populations, while also protecting your care setting’s assets
and economic viability in the near and long terms.

Scenario

The administrative leadership of your care setting has
reviewed your Executive Brief: Proposal of a New Economic Opportunity and has
decided that it has merit. As a result, you have been asked to take a more detailed
look at the feasibility and cost-benefit considerations of implementing your
proposed economic initiative over the next five years. The administrative
leaders are looking for a 3–5 page report that builds a business case for your
economic initiative by analyzing ways to mitigate the risks associated with
your original proposal and a completed cost-benefit analysis using the included
Cost-Benefit Analysis Template, linked in the Resources.

Instructions

You have been asked to ensure that your report addresses the
following. Note: The bullet points below correspond to grading criteria in the
scoring guide. Be sure your work is, at minimum, addressing each of the bullets
below. You may also want to read the scoring guide and the Guiding Questions:
Business Case for a New Economic Opportunity document to better understand the
performance levels that relate to each grading criterion:

Part 1: Risk and Mitigation Analysis

Analyze the opportunities and risks relevant to your
proposed economic initiative.

Propose ethical and culturally sensitive solutions to
address the risks associated with your economic initiative to ensure the future
security of your care setting.

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Part 2: Cost-Benefit Analysis

Analyze the costs and benefits of your proposed economic
initiative over a five-year strategic outlook.

Propose potential ways to keep costs under control while
maximizing the benefits of your economic initiative and ensuring that it
remains ethical and culturally equitable

Address Generally Throughout Business Case

Justify the relevance and value of the quantitative and
qualitative economic, financial, and scholarly evidence you used to support
your recommendations throughout your report.

Communicate your business case in a logically structured and
concise manner, writing content clearly with correct use of grammar,
punctuation, and spelling.

Effectively support your report with relevant economic data
and scholarly sources, correctly formatting citations and references using
current APA style.

Example assignment: You may use the assignment example,
linked in the Resources, to give you an idea of what a Proficient or higher
rating on the scoring guide would look like.

Submission Requirements

Length of paper: 3–5 double-spaced, typed pages (not
including title page and reference list). Your paper should be succinct yet
substantive.

Be sure to include a separate title page and reference list.

Your completed Cost-Benefit Analysis Template should be
included as an appendix within your final business case submission.

APA formatting: Resources and citations are formatted
according to current APA style.

Resources: Cite a minimum of 4–5 authoritative and scholarly
resources. Be sure to include specific economic data and support as part of
your cited resources.