6008 Assessment 2

Develop a 4–7-page business case for the initiative you proposed in Assessment 1. Examine feasibility and cost-benefit considerations over a 5-year period, analyze ways to mitigate risks, and complete a cost-benefit analysis.
Note: Each assessment in this course builds upon the work you have completed in previous assessments. Therefore, you must complete the assessments in the order in which they are presented.
SHOW LESSAs 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 must consider 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 in which you are investing. You must also balance your ethical and moral responsibility to provide quality care to patients and populations with your responsibility to protect your organization’s assets and economic viability in the near and long terms.
Competency Map
CHECK YOUR PROGRESSUse this online tool to track your performance and progress through your course.
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Assessment InstructionsDevelop a business case for the economic initiative you proposed in Assessment 1. Examine the feasibility and cost-benefit considerations of implementing your proposed initiative over the next five years. Analyze ways to mitigate risks and complete a cost-benefit analysis.
Note: Remember that you can submit all, or a portion of, your draft business case to Smarthinking for feedback before you submit the final version for this assessment. If you plan on using this free service, be mindful of the turnaround time of 24–48 hours for receiving feedback.
Requirements
The requirements for your business case, outlined below, correspond to the scoring guide criteria, so be sure to address each main point. Read the performance-level descriptions for each criterion to see how your work will be assessed. In addition, be sure to note the requirements for document format and length and for supporting evidence.
- Analyze the potential economic opportunities and risks associated with your proposed initiative.
  - How do the potential opportunities benefit your organization or care setting?
  - How could potential risks pose a threat to the financial security of your organization or care setting?
  - How do the potential economic opportunities compare to the potential economic risks?
- Propose ethical and culturally sensitive solutions that address the risks associated with your initiative to the future economic security of your organization or care setting.
  - Which risks are potentially the most significant for your organization or care setting?
    - How could you modify your proposed initiative to mitigate those risks?
    - How have other organizations and experts in the field dealt with similar risks?
  - How do ethics and equality factor into your proposed solutions?
    - Are your solutions unfairly burdening or disadvantaging any specific groups?
  - How will this proposal affect community health care delivery outcomes?
    - What makes this a great opportunity for economic growth?
    - What potential issues should be considered?
- Analyze the economic costs and benefits of your proposed initiative over a five-year period.
  - Use the Cost-Benefit Analysis Template [XLSX] for your calculations. Add the worksheet to your business case as an appendix.
  - Does your analysis warn against specific aspects of your proposed initiative?
  - How would you recommend that your findings be incorporated into decisions about the feasibility of your proposed initiative?
- Propose ethical and culturally equitable ways of keeping costs under control, while maximizing the benefits of your initiative.
  - What costs are you most likely to be able to control or reduce?
    - How would you go about ensuring this?
  - How could controlling or reducing these costs affect the benefits of your proposed initiative?
    - What strategies could you employ to maintain or maximize these benefits, while controlling or reducing costs?
  - How do you plan to ensure that any cost controls or benefit reductions are ethical and equitable?
- Justify the relevance and significance of the quantitative and qualitative economic, financial, and scholarly evidence you used to support your business case.
  - This criterion applies to any evidence you cited throughout your business case. Your evidence should be persuasive and relevant to your findings, proposals, and recommendations. Consider one or more of the following questions when citing support evidence:
    - How is the evidence relevant to your organization or care setting?
    - How is the evidence relevant to your proposed economic initiative?
    - How does the evidence illustrate a solution that has been successful in the past?
    - How does the evidence illustrate that an initiative or solution is likely to be a net benefit to the organization or care setting?
- Write concisely and directly, using active voice.
  - Proofread your document before you submit it to minimize errors that could distract readers and make it more difficult for them to focus on the substance of your business case.
- Apply current APA formatting to in-text citations and references.
- Example Assessment: You may use the following to give you an idea of what a Proficient or higher rating on the scoring guide would look like:
- Assessment 2 Example [PDF].
- ADDITIONAL REQUIREMENTS
  Your assessment should also meet the following requirements:
- Format: Format your business case using APA current style. Use the APA Style Paper Template [DOCX]. An APA Style Paper Tutorial [DOCX] is also provided to help you in writing and formatting your business case. Be sure to include:
  - A title page and references page. An abstract is not required.
  - A running head on all pages.
  - Appropriate section headings.
- Length: Your business case should be 4–7 pages in length, not including the title page and references page.
- Supporting evidence: Cite 4–5 authoritative and scholarly resources to support your business case. Be sure that your sources include specific economic data.
- Note: Faculty may use the Writing Feedback Tool when grading this assessment. The Writing Feedback Tool is designed to provide you with guidance and resources to develop your writing based on five core skills. You will find writing feedback in the Scoring Guide for the assessment, after your work has been evaluated.
  Portfolio Prompt: You may choose to save your business case to your ePortfolio.
  Competencies Measured
  By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment scoring guide 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 potential economic opportunities and risks associated with a proposed initiative.
  - Analyze the economic costs and benefits of a proposed initiative over a five-year period.
- 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 ethical and culturally equitable ways of keeping costs under control, while maximizing the benefits of an initiative.
- Competency 3: Justify the qualitative and quantitative information used to guide economic decision making to stakeholders and colleagues.
  - Justify the relevance and significance of the quantitative and qualitative economic, financial, and scholarly evidence used to support a business case.
- 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 that address the risks associated with an initiative to the future economic security of the organization or care setting.
- Competency 5: Produce clear, coherent, and professional written work, in accordance with Capella writing standards.
  - Write concisely and directly using active voice.

Apply APA formatting to in-text citations and references.

COST-BENEFIT ANALYSIS TEMPLATE
Step 1: Enter cost amounts as future value (FV) expectations. The future value will be automatically converted to present value (PV). Step 2: Enter benefit amounts as FV expectations. The FV will automatically be converted to PV. Step 3: Subtract the total PV benefits from the total PV costs to get the net benefit.
Costs	Current Year (CY)	CY +1	CY +2	CY +3	CY +4	CY +5	Total Costs
Total Costs (Future Value)	$ – 0	$ – 0	$ – 0	$ – 0	$ – 0	$ – 0
Total Costs (Present Value)	$ – 0	$ – 0	$ – 0	$ – 0	$ – 0	$ – 0	$ – 0
blank row
Benefits	Current Year (CY)	CY +1	CY +2	CY +3	CY +4	CY +5	Total Benefits
Total Benefits (Future Value)	$ – 0	$ – 0	$ – 0	$ – 0	$ – 0	$ – 0
Total Benefits (Present Value)	$ – 0	$ – 0	$ – 0	$ – 0	$ – 0	$ – 0	$ – 0
blank row
Present Value Discount Rate	2%
PV Denominator	1.00	1.02	1.04	1.06	1.08	1.10
Net Benefit							$ – 0
End of Worksheet

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Discussion Questions (DQ)

Initial responses to the DQ should address all components of the questions asked, including a minimum of one scholarly source, and be at least 250 words. Successful responses are substantive (i.e., add something new to the discussion, engage others in the discussion, well-developed idea) and include at least one scholarly source. One or two-sentence responses, simple statements of agreement or “good post,” and responses that are off-topic will not count as substantive. Substantive responses should be at least 150 words. I encourage you to incorporate the readings from the week (as applicable) into your responses.

Weekly Participation

Your initial responses to the mandatory DQ do not count toward participation and are graded separately. In addition to the DQ responses, you must post at least one reply to peers (or me) on three separate days, for a total of three replies. Participation posts do not require a scholarly source/citation (unless you cite someone else’s work). Part of your weekly participation includes viewing the weekly announcement and attesting to watching it in the comments. These announcements are made to ensure you understand everything that is due during the week. 6008 Assessment 2

APA Format and Writing Quality

Familiarize yourself with the APA format and practice using it correctly. It is used for most writing assignments for your degree. Visit the Writing Center in the Student Success Center, under the Resources tab in Loud-cloud for APA paper templates, citation examples, tips, etc. Points will be deducted for poor use of APA format or absence of APA format (if required). Cite all sources of information! When in doubt, cite the source. Paraphrasing also requires a citation. I highly recommend using the APA Publication Manual, 6th edition.

Use of Direct Quotes

I discourage over-utilization of direct quotes in DQs and assignments at the Master’s level and deduct points accordingly. As Masters’ level students, it is important that you be able to critically analyze and interpret information from journal articles and other resources. Simply restating someone else’s words does not demonstrate an understanding of the content or critical analysis of the content. It is best to paraphrase content and cite your source.

LopesWrite Policy

For assignments that need to be submitted to Lopes Write, please be sure you have received your report and Similarity Index (SI) percentage BEFORE you do a “final submit” to me. Once you have received your report, please review it. This report will show you grammatical, punctuation, and spelling errors that can easily be fixed. Take the extra few minutes to review instead of getting counted off for these mistakes. Review your similarities. Did you forget to cite something? Did you not paraphrase well enough? Is your paper made up of someone else’s thoughts more than your own? Visit the Writing Center in the Student Success Center, under the Resources tab in Loud-cloud for tips on improving your paper and SI score.

Late Policy

The university’s policy on late assignments is a 10% penalty PER DAY LATE. This also applies to late DQ replies. Please communicate with me if you anticipate having to submit an assignment late. I am happy to be flexible, with advance notice. We may be able to work out an extension based on extenuating circumstances. If you do not communicate with me before submitting an assignment late, the GCU late policy will be in effect. I do not accept assignments that are two or more weeks late unless we have worked out an extension. As per policy, no assignments are accepted after the last day of class. Any assignment submitted after midnight on the last day of class will not be accepted for grading. 6008 Assessment 2

Communication

Communication is so very important. There are multiple ways to communicate with me: Questions to Instructor Forum: This is a great place to ask course content or assignment questions. If you have a question, there is a good chance one of your peers does as well. This is a public forum for the class. Individual Forum: This is a private forum to ask me questions or send me messages. This will be checked at least once every 24 hours. 6008 Assessment 2

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6008 Assessment 2