Ass2:NHS-FP6008
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Ass2:NHS-FP6008

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Business Case for a New Economic Opportunity

Overview
Report on risk and mitigation and the costs and benefits of a proposed initiative.
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.

Category:

Business Case for a New Economic Opportunity

Overview
Report on risk and mitigation and the costs and benefits of a proposed initiative.
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.

Note: Complete the assessments in this course in the order in which they are presented.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
Competency 1: Analyze the effects of financial and economic factors (such as cost-benefit, supply and demand, return on investment, and risks) in
a health care system on patient care, services offered, and organizational structures and operation.
Analyze the opportunities and risks relevant to a proposed economic initiative.
Analyze the costs and benefits of a proposed economic initiative over a five-year time horizon.
Competency 2: Develop ethical and culturally equitable solutions to economic problems within a health care organization in an effort to improve
the quality of care and services offered.
Propose potential ways to keep costs under control while maximizing the benefits of an economic initiative and ensuring that it remains
ethical and culturally equitable.
Competency 3: Justify the qualitative and quantitative information used to guide economic decision making to stakeholders and colleagues.
Justify the relevance and value of the quantitative and qualitative economic, financial, and scholarly evidence used to support
recommendations throughout a report.
Competency 4: Develop ethical and culturally equitable economic strategies to address dynamic environmental forces and ensure the future
security of an organization’s resources and its ability to provide quality care.
Propose ethical and culturally sensitive solutions to address the risks associated with an economic initiative to ensure the future security of a
care setting.
Competency 5: Apply various communication methods in order to clearly, effectively, and efficiently relate information to stakeholders and
colleagues related to economic data, findings, and strategies.

Communicate a business case in a logically structured and concise manner, writing content clearly with correct use of grammar,
punctuation, and spelling.
Effectively support a report with relevant economic data and scholarly sources, correctly formatting citations and references using current
APA style.

Directions
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, linked in the Resources, to better understand the performance levels that
relate to each grading criterion:
Part 1: Risk and Mitigation Analysis

Complete the following:
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.
Part 2: Cost-Benefit Analysis
Complete the following:
Analyze the costs and benefits of your proposed economic initiative over a five-year time horizon.
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
Complete the following:
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 Assessment: You may use the assessment example, linked in the Assessment Example section of the Resources, to give you an idea of what
a Proficient or higher rating on the scoring guide would look like.
Additional Requirements
Your assessment should meet the following requirements:
Length: 3–5 double-spaced, typed pages. Your paper should be succinct yet substantive.
Be sure to include a title page and reference list.
Your completed Cost-Benefit Analysis Template should be included as an appendix within your final business case submission.
APA format: Resources and citations are formatted according to current APA style.
Resources: Cite 4–5 authoritative and scholarly resources. Be sure to include specific economic data and support as part of your cited
resources.

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