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.
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)
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 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.
Assignment Instructions
Abide by the Chamberlain College of Nursing Academic Integrity Policy.
Sources older than five years may not be used without the permission of the class professor.
Title page, pagination, subheadings, body of paper, citation of sources, and reference page must follow APA guidelines as found in the current edition of the manual.
Rules of grammar, spelling, word usage, punctuation, sentence and paragraph structure are followed and consistent with formal, scholarly writing as noted in the APA Manual (current edition).
No more than one short direct quote (15 words or less) may be used in this assignment.
First person should not be used within this assignment.
Note: If you do not receive a proficient rating in any major content category, you can re-submit your assignment with revisions in those content categories to receive a better grade. You have one additional opportunity to revise after the initial submission in order to make improvements. The initial submission must be a complete paper, rough drafts will not be graded. All revisions must be submitted no later than Sunday of Week 7 at 11:59pm. (You cannot revise your graduate level writing style for a higher grade in that category)
Assignment Criteria
Last Completed Projects
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