Within the clinical healthcare environment, human, material, and financial resources can impact the delivery of safe, high-quality, person-centered care.

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.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, located in the MSN Toolbox 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.

Rubric

Introduction

20

10%

This section includes:

Importance of financial management in healthcare delivery

Implications of responsible use of resources for the MSN project

Identification of the sections of the paper.

Sufficient integration of scholarly sources to support information presented

MSN Project: Purpose / Problem Statement

30

15%

This section includes:

Concise description of the purpose of the MSN project

Statement of the problem to be addressed along with rationale to support the issue/concern

Sufficient integration of scholarly sources to support information presented

MSN Project: Implications for Advanced Nursing Practice

30

15%

This section includes:

Description of how the MSN project will promote efficiency or cost savings within the healthcare environment

Explanation of how the project will contribute to a culture of safe, high-quality, person-centered care

Sufficient integration of scholarly sources to support information presented

MSN Project: Financial Management

50

25%

This section includes

Concise synopsis of financial expenses associated with the MSN Project, as well as any revenue (if applicable) which may be realized

Identification and description of two specific variables which may influence the financial aspect of the project

Discussion of strategies to address each of the two potential variables which is identified

Explanation of how each strategy will support efficient financial management of the project

Conclusion

20

10%

The conclusion includes:

Concluding statements regarding responsible use and management of resources

Concluding statements regarding financial management of the MSN project

MSN Project Financial Management Table

30

15%

The financial management table:

Is included as an appendix to the assignment paper

Includes a completed action plan for the MSN project

Documents resources needed to carry out the action plan

Documents forecasted cost for each itemized resource in the action plan

Documents sources of funding for each itemized resource in the action plan

Graduate-level Writing Style

20

10%

Correct use of spelling, grammar, punctuation, sentence and paragraph structure

Clarity, organization, and logical flow of ideas within writing

Scholarly, professional writing tone with no use of first person

Synthesis of information is present with no more than one short direct quote (15 words or less)

Correct APA format for the following:

Page numbering

Font style and size

Margins and spacing

Headings; subheadings

Citation and referencing sources

Mechanics of style (abbreviations, capitalization, italics, numbers)