In this assignment, you will prepare a Strategic Plan for an Agency/Facility.
Instructions:
Ensure the components below are presented in your paper.
Include correct use of APA Style Guidelines with:
Description of the strategic plan
External environmental assessment (20 Points)
Mission/vision of the organization (10 Points)
Goals – 3 year plan (25 Points)
Organization:
Strengths (5 Points)
Weaknesses (5 Points)
Opportunities (5 Points)
Threats (5 Points)
3 year revenue projections – show each year separately in line graphs (15 points)
Scholarly written paper APA 7th edition Student Paper format, 4-5 pages minimum excluding title page and reference page (10 Points)
An alternative Strategic Planning Scenario is also provided should you not have access to a health care facility to complete the assignment.
Please review the Sample Assignment located at the very end of the list of items under the “Modules” link.
Grading:
In this assignment, you will prepare a Strategic Plan for an Agency/Facility
N4232 Management of Nursing Operations
Strategic Planning Scenario
The following scenario provides the basis for the new service line and information for you to use as you develop the Strategic Plan, Marketing Plan, and Formal Strategic Business Plan assignments. If you have ready access to data within your facility, you do not need to use this scenario: it is here to expedite the work needed in this class.
In order to meet the health care needs of the community services in your facility need to be expanded to include short-stay services for ____ patients (identify the type of patients you will see in your new department). The facility has a strong base of physicians and surgeons to support the expansion plus additional space to accommodate this expansion. Additional FTEs will be required to staff this new area. (Develop the staffing needs by identifying skill levels you predict will be needed).
The model of care of your facility is considered to be a modified total patient care model. A primary nurse is assigned to a group of patients based upon the nurse’s skills and patient acuity, and that nurse is responsible for the delivery of care to those patients for the entire shift, assisted by non-licensed patient care technicians (PCT).
Your facility is a not-for-profit private foundation that has been serving the health care needs of the community since 1958. It is now licensed for 500 beds. The founding principles are to provide efficient, cost-effective, and compassionate care. Three primary goals are identified: 1) to become the health center of choice; 2) to continually improve patient clinical outcomes; 3) to develop financial resources essential to fulfill its mission. The goal of the project is to expand available services to meet the growing demands of the community by strengthening market share and improving available clinical programs and services.
The project will expand the current services to include those procedures that require a short-stay unit. This will necessitate the construction (or remodeling) of space for this new service. (Determine whether you will construct or remodel, and identify the type of unit you will add.) Construction/remodeling will begin in October and take 18-24 months for completion. The new service will need to be marketed to the community.
Volumes projected in this area for the first year are 1275 patient days (or visits). With physician support and effective marketing, it is expected that the volume will increase 10% the second year, 14% the third year, and 20% the fourth year. The financial goal of this project is to break even by the end of the third year of operations.
For payroll, merit increases and overtime hours should be computed at 5% each. Use the salaries and benefit data from you’re your current knowledge of your local market or assume average hourly rate for the Registered Nurse is $28/hour and assistive personnel hourly rates at $9/hour. Benefit costs can be estimated at 25% of hourly rates.
Expected revenue is calculated at $4864 per case for the first year. The payer mix for this facility is: Medicare 37.9%; Medicaid 4.5%; Managed Care (HMO/PPO) 38.8%; Private Pay 6%; other insurance 10.6%; Worker’s Comp 2.2%.
In this assignment, you will prepare a Strategic Plan for an Agency/Facility
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