NR533 2022 August Assignments Latest (Full)

NR533 Financial Management in Healthcare Organizations

Week 4 Assignment

Staffing Budgets/FTEs/Variance Analysis Assignment V1

Purpose

This assignment provides learners with the opportunity to apply budgeting knowledge and skills by calculating full-time equivalents for a nursing unit, projecting FTE needs related to census changes, and analyzing a variance scenario.

Week 4: Staffing Budgets/FTEs/Variance Analysis Agreement V1 (Links to an external site.)

COURSE OUTCOMES

CO 2) Apply evidence based financial knowledge and skills within the context of holistic care principles and caring health environments.

CO 3) Articulate the relationship between managerial and financial decision making and its implication within a culturally diverse healthcare organization and patient population. (POs 1 and 3)

CO 5) Analyze personal gaps in knowledge, skills, and competencies in healthcare financial principles that require further development.

Requirements

Description of the Assignment

This assignment is in two scenario-based sections each related to staffing budgets. In the first, the student will perform multistep calculations of FTEs and projection of future FTE needs for a selected nursing unit. The second section involves calculation of budget variance and its analysis. Each section requires supported written interpretation of findings. 

Criteria for Content

Answer the questions and complete the calculations required for the two sections of the assignment.

 Key points related to Calculations:

When performing calculations, standard rounding rules apply. If the number to the right of the decimal is less than 5, round down to the nearest whole number, e.g., 33.4 = 33 If the number to the right of the decimal is 5 or greater, round up to the nearest whole number, e.g. 33.5 =34.

Read the question carefully. Pay close attention to the units be asked and keep them consistent. For example, hours vs FTEs; days vs months vs years.

Provide ALL formulas with references. Designate which formula associates with which source. It is not sufficient to simply list the source at the beginning of the section. Write out the formula used BEFORE filling in the numbers.

Example: Efficiency Variance + Volume Variance + Cost Variance = Total Variance

Rundio, A. (2022). The nurse manager’s guide to budgeting and finance (3rd ed.). Sigma Theta Tau International.

Section One: Staffing Budget and FTEs

Calculations of full-time equivalents (FTEs)

Project FTE needs related to census changes

Section Two: Variance Analysis

Calculating variance

Variance analysis with explanation

Download the Assignment Word Document and submit your answers directly onto the form. When completed, upload into the assignment portal in your course. For the questions requiring a written response, please adhere to proper grammar and syntax, and provide references. For the questions requiring calculations, show all your work including the formula used. Include the references for formula chosen.

 

NR533 Financial Management in Healthcare Organizations

Week 5 Assignment

Break-even Analysis Assignment V1

Purpose

The purpose of this assignment is to provide learners with the opportunity to develop break-even-analysis skills.

Week 5 Break Even Analysis Assignment and Guidelines V1 (Links to an external site.)

COURSE OUTCOMES

CO 2) Apply evidence based financial knowledge and skills within the context of holistic care principles and caring health environments.

CO 3) Articulate the relationship between managerial and financial decision making and its implication within a culturally diverse healthcare organization and patient population. (POs 1 and 3)

CO 5) Analyze personal gaps in knowledge, skills, and competencies in healthcare financial principles that require further development.

Requirements

Answer the questions and complete the calculations required for the assignment.

Submit your answers on a Word document, with the heading of Week 5 Assignment. For the questions requiring a written response, answer directly on the assignment and adhere to proper grammar and syntax, and provide references. For the questions requiring calculations, show all of your work and follow the format that has been provided for the calculations in the lesson for Week 5. In addition, further explanations and formulas on the break-even analysis are contained in the required reading resources.

Key points for calculations

When performing calculations, standard rounding rules apply. If the number to the right of the decimal is less than 0.5, round down to the nearest whole number, e.g., 33.4 = 33 If the number to the right of the decimal is 0.5 or greater, round up to the nearest whole number, e.g. 33.5 =34.

Read the question carefully. Pay close attention to the units be asked and keep them consistent. For example, days vs months vs years; charges vs contribution margin; dollars vs percentage

Provide ALL formulas with references. Designate which formula associates with which source. It is not sufficient to simply list the source at the beginning of the section. Write out the formula used BEFORE filling in the numbers. Formulas used should be taken from one of the required resources for this course.

Example: Total Contribution Margin (CM) = Contribution margin (CM) category 1 + CM cat 2 + CM 3

Leger, J.M. & Dunham-Taylor, J. (2018). Financial management for nurse managers: Merging the heart with the dollar, 4th Ed. Burlington, MA: Jones-Bartlett.

 

NR533 Financial Management in Healthcare Organizations

Week 7 Assignment

Business Plan Assignment

Purpose

The purpose of this assignment is to develop a business plan for a quality improvement project, program, or service related to an area of student interest within the selected healthcare organization.

NR533 Week 7: Business Plan Assignment Guidelines and Rubric (Links to an external site.)

NR533 Week 7: Business Plan Assignment Worksheet (Links to an external site.)

COURSE OUTCOMES

CO 1) Create an evidence-based business plan that promotes high quality and safe care within a person- centered care environment.

CO 2) Apply evidence based financial knowledge and skills within the context of holistic care principles and caring health environments.

CO 3) Articulate the relationship between managerial and financial decision making and its implication within a culturally diverse healthcare organization and patient population.

CO 4) Analyze the connection between healthcare financial systems and access to and availability of care.

CO 5) Analyze personal gaps in knowledge, skills, and competencies in healthcare financial principles that require further development.

Requirements

Address all components of the business plan as outlined in Preparing the Paper.

Use the Business Plan Worksheet at least weekly to collect information necessary for writing the plan. It can be downloaded from the Week 7 assignment page. You will be required to submit this completed document with your Week 7 assignment.

This paper will be graded on quality and completeness of information, accuracy of any required calculations, use of citations, use of standard English grammar, sentence structure, and organization based on the required components.

Create this assignment using Microsoft Word, which is the required format for all Chamberlain documents. You can tell that the document is saved as an MS Word document because it will end in .docx.

Use of Turn It In is used for this assignment and is part of the submission into the assignment portal.

Submit the final paper by Sunday 11:59 p.m. MT. Any questions about this paper may be discussed in the weekly Q & A forum or reach out to faculty.

The length of the paper is to be no greater than seven pages excluding the appendices, title page, and reference page. Your business plan worksheet should be included in the appendices section.

Remember that the introduction does not require a heading and no running heads are used. Times New Roman Font- 12-point and one-inch margins on all sides of page are required format. You may also refer to Guidelines for Writing Professional Papers found in the Student Resource Center.

A complete paper will contain all components outlined under Preparing the Paper.

Preparing the Paper

A business plan is a detailed plan for a proposed program, project, or service.

The following outline should be used with level I and II headings as required. A template for the cover letter is provided below. Remember, there is no heading used for the introduction section.

Introduction

Purpose of assignment

PICOT

Purpose of business plan

What will be included

Business Plan Proposal

Cover letter

Executive Summary

Detailed Abstract

Expanded description of project

Issue/problem defined

Supportive evidence for the project

Expected outcomes and timeline

Details of the project plan

Market analysis

SWOT

Fit with organizational mission

Fit with current service

Marketing and financial plans

Marketing plan strategies (2)

Financial analysis

Financial Plan (including budgetary needs)

Financial impact on stakeholders

Break-even and/or cost-benefit analysis results

Appendices (documents referred to in the plan)

SWOT analysis

Financials

Budget

Break-even analysis

Cost-benefit analysis

Graphs/charts

Business Plan Worksheet

Conclusion

Summary of what was covered in the assignment

Strengths and weaknesses of the plan

Approach for approval

Clearly introduce your business-plan assignment in the Introduction section. This should be no longer that one paragraph. Include the purpose of your assignment, PICOT as basis and purpose for the business plan; and what will be covered in the assignment.

Include a clearly articulated cover letter written in business letter format, active voice, and exactly as it would be read by leadership. Include overview of issue, proposed solution, and action request.  There should be no other content on this page except for the business letter.

The template to use is as follows:

Cover Letter

Your name

Your address

Date

Name of receiver

Address of receiver

Dear Mr/Ms/Dr. name

In the business letter one paragraph would be an overview the issue, its impact, and solution. Give enough information so they know what you are doing. Do not need references in letter.

Another paragraph would engage the reader to take action such as leaving your phone number and letting the person know that if they have questions to please each out to you.

Or thanking them for reading and tell them you look forward to hearing from them.

Sincerely,

Your name

Present a captivating executive summary that is interesting and captures the interest of leadership and draws them in to read further. Content includes (1) a description of the proposed project, program, or service, (2) why it is being proposed, and (3) what impact and outcomes are most likely to occur as a result.

Detailed Abstract expands the executive summary. Use detailed outline above to ensure adequate inclusion of all elements..

Appendices should include any financial tables, charts, or graphs, or other supporting documents referred to in the detailed abstract. The business plan worksheet should be included in the appendices.

Conclusion for the paper includes an overview of what was covered in the paper, strengths and weaknesses of the plan, and plan for seeking proposal approval.

The paper length will be seven pages maximum including the appendices and excluding title and reference page(s).

Note: After submitting your assignment, please upload your completed executive summary into the Week 8 designated Discussion to share with your peers.

Title and reference page(s) must be in APA format (6th edition).

Use 12-point Times New Roman font and one-inch margins on all sides of the paper.

Note: After submitting your assignment to Files, please upload your completed executive summary into the Week 8 designated Discussion to share with your peers.

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