Module 6 Assignment: Financial Management

NR 529: MSN Project Financial Management Table Template

Ac<on Plan Milestone/ Task

Resources Needed Forecasted Cost Source of Funding

NR 529: LEADERSHIP AND MANAGEMENT WITHIN THE CLINICAL HEALTHCARE ENVIRONMENT

Module 6 Assignment: Financial Management

Guideline and Rubric

PURPOSE 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 prac=ce within the clinical environment. Responsible use and management of financial resources is essen=al as revenue streams and reimbursement guidelines con=nue 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 ini=a=ve. Discussion will be included to forecast strategies to manage fiscal variances which may occur with the MSN project.

COURSE LEARNING OUTCOMES Through this assignment, the student will address the following course learning outcomes:

• CO 2: Determine competencies for planning, monitoring, and evalua=ng resources that ensure safe, quality person-centered care. (PO 1)

• CO 3: Iden=fy the impact of cultural and ethical awareness in management of resources at the unit level. (PO 3)

TOTAL POINTS POSSIBLE: 200 POINTS

ASSIGNMENT OVERVIEW 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 and the MSN Project Financial Management Table. Create a 3 page paper, using a minimum of 4 peer-reviewed scholarly sources, current within 5 years, to support your work. See rubric for specific, required content criteria within each secKon of the paper:

1. Provide an introduc=on to the paper. 2. Using an economy of words, provide a succinct overview of the MSN project. Include a statement of

the purpose or problem to be addressed.

NR 529 3/12/19

NR 529: LEADERSHIP AND MANAGEMENT WITHIN THE CLINICAL HEALTHCARE ENVIRONMENT

3. Discuss implica=ons of the MSN project for advanced nursing prac=ce, including: (a) how the impact of MSN project will promote efficiency or cost savings within the healthcare environment; and (b) how the project will contribute to a culture of safe, high-quality, person-centered care.

4. Provide a concise narra=ve summary addressing the financial expenses associated with the MSN Project, as well as any revenue (if applicable) which may be realized. Iden=fy two specific variables which may influence the financial aspect of the project. Discuss at least one specific strategy to address each of the poten=al variables which is iden=fied. Explain how each strategy will support efficient financial management of the project.

5. Provide a conclusion to the paper. 6. Using APA format, include the MSN Project Financial Management Table as an appendix to your

paper.

ASSIGNMENT INSTRUCTIONS 1. Abide by the Chamberlain College of Nursing Academic Integrity Policy.

2. Sources older than five years may not be used without the permission of the class professor.

3. Title page, pagina=on, subheadings, body of paper, cita=on of sources, and reference page must follow APA guidelines as found in the current edi=on of the manual.

4. Rules of grammar, spelling, word usage, punctua=on, sentence and paragraph structure are followed and consistent with formal, scholarly wri=ng as noted in the APA Manual (current edi=on).

5. No more than one short direct quote (15 words or less) may be used in this assignment.

6. First person should not be used within this assignment.

7. Please note: If you do not receive a proficient ra=ng in any major content category, you can re- submit your assignment with revisions in those content categories to receive a be^er grade. You have one addi=onal opportunity to revise a`er the ini=al submission in order to make improvements. The ini=al submission must be a complete paper, rough dra`s will not be graded. All revisions must be submi^ed no later than Sunday of Week 7 at 11:59pm. (You cannot revise your graduate level wri=ng style for a higher grade in that category)

ASSIGNMENT CRITERIA

Assessment Criteria

Points % DescripKon

IntroducKon 20 10% This sec=on includes: • Importance of financial management in

healthcare delivery • Implica=ons of responsible use of resources

for the MSN project • Iden=fica=on of the sec=ons of the paper. • Sufficient integra=on of scholarly sources to

support informa=on presented

NR 529 3/12/19

NR 529: LEADERSHIP AND MANAGEMENT WITHIN THE CLINICAL HEALTHCARE ENVIRONMENT

MSN Project: Purpose / Problem Statement

30 15% This sec=on includes: • Concise descrip=on of the purpose of the

MSN project

• Statement of the problem to be addressed along with ra=onale to support the issue/ concern

• Sufficient integra=on of scholarly sources to support informa=on presented

MSN Project: ImplicaKons for Advanced Nursing PracKce

30 15% This sec=on includes: • Descrip=on of how the MSN project will

promote efficiency or cost savings within the healthcare environment

• Explana=on of how the project will contribute to a culture of safe, high-quality, person- centered care

• Sufficient integra=on of scholarly sources to support informa=on presented

MSN Project: Financial Management

50 25% This sec=on includes • Concise synopsis of financial expenses

associated with the MSN Project, as well as any revenue (if applicable) which may be realized

• Iden=fica=on and descrip=on of two specific variables which may influence the financial aspect of the project

• Discussion of strategies to address each of the two poten=al variables which is iden=fied

• Explana=on 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

NR 529 3/12/19

NR 529: LEADERSHIP AND MANAGEMENT WITHIN THE CLINICAL HEALTHCARE ENVIRONMENT

MSN Project Financial Management Table

30 15% The financial management table: • Is included as an appendix to the

assignment paper • Includes a completed ac=on plan for the

MSN project • Documents resources needed to carry out

the ac=on plan • Documents forecasted cost for each

itemized resource in the ac=on plan • Documents sources of funding for each

itemized resource in the ac=on plan

Graduate-level WriKng Style

20 10% • Correct use of spelling, grammar, punctua=on, sentence and paragraph structure

• Clarity, organiza=on, and logical flow of ideas within wri=ng

• Scholarly, professional wri=ng tone with no use of first person

• Synthesis of informa=on is present with no more than one short direct quote (15 words or less)

• Correct APA format for the following: o Page numbering o Font style and size o Margins and spacing o Headings; subheadings o Cita=on and referencing sources o Mechanics of style (abbrevia=ons,

capitaliza=on, italics, numbers)

Quality of Literature Support

It is an expecta=on that a minimum of 4 scholarly sources, current within 5 years, are integrated within the assignment.

If the above expecta=on is not met, 4 points shall be deducted.

Assignment Length Criteria

It is an expecta=on that the paper is a minimum of 3 pages in length, and a maximum of 5 pages (not including the financial management table, =tle or reference pages).

If the above expecta=on is not met, 4 points shall be deducted.

Total 200 100% A quality assignment will meet or exceed the above requirements.

NR 529 3/12/19

GRADING RUBRIC

Assessme nt

Criteria

DisKnguished

(100%)

Exceeds

(92%)

Proficient

(84%)

Needs Improvement

(0)

Introduc Kon

20 Points 18 Points 16 Points 0 Points

Dis=nguished presenta=on of informa=on evidenced by all of the following content areas covered in a comprehensive and concise manner:

• Importance of financial management in healthcare delivery

• Implica=ons of responsible use of resources for the MSN project

• Iden=fica=on of the sec=ons of the paper.

• Sufficient integra=on

Presenta=on of informa=on exceeds expecta=ons evidenced by most content covered in a comprehensive and concise manner, but with one area where coverage is superficial:

• Importance of financial management in healthcare delivery

• Implica=ons of responsible use of resources for the MSN project

• Iden=fica=on

Proficient presenta=on of informa=on evidenced by content covered in a limited or superficial manner in two or more of the content areas:

• Importance of financial manageme nt in healthcare delivery

• Implica=ons of responsible use of resources for the MSN project

• Iden=fica=o n of the sec=ons of

Presenta=on of informa=on needs improvement as evidenced by content that is missing or unsaKsfactory in one or more of the content areas:

• Importance of financial management in healthcare delivery

• Implica=ons of responsible use of resources for the MSN project

• Iden=fica=on of the sec=ons of the paper.

MSN Project:

30 Points 27 Points 25 Points 0 Points

5

MSN Project: Purpose / Problem Statemen t

Dis=nguished presenta=on of informa=on evidenced by all of the following content areas covered in a comprehensive and concise manner:

• Concise descrip=on of the purpose of the MSN project

• Statement of the problem to be addressed along with ra=onale to support the issue/ concern

• Sufficient

Presenta=on of informa=on exceeds expecta=ons evidenced by most content covered in a comprehensive and concise manner, but with one area where coverage is superficial:

• Concise descrip=on of the purpose of the MSN project

• Statement of the problem to be addressed along with

Proficient presenta=on of informa=on evidenced by content covered in a limited or superficial manner in two or more of the content areas:

• Concise descrip=on of the purpose of the MSN project

• Statement of the problem to be addressed along with ra=onale to support the issue/

Presenta=on of informa=on needs improvement as evidenced by content that is missing or unsaKsfactory in one or more of the content areas:

• Concise descrip=on of the purpose of the MSN project

• Statement of the problem to be addressed along with ra=onale to support the issue/ concern

• Sufficient integra=on of MSN

Project: ImplicaK ons for Advance d Nursing PracKce

30 Points 27 Points 25 Points 0 Points

Dis=nguished presenta=on of informa=on evidenced by all of the following content areas covered in a comprehensive and concise manner:

• Descrip=on of how the MSN project will promote efficiency or cost savings within the healthcare environment

• Explana=on of how the project will contribute to a culture of safe, high-quality, person- centered care

• Sufficient

Presenta=on of informa=on exceeds expecta=ons evidenced by most content covered in a comprehensive and concise manner, but with one area where coverage is superficial:

• Descrip=on of how the MSN project will promote efficiency or cost savings within the healthcare environment

• Explana=on of how the

Proficient presenta=on of informa=on evidenced by content covered in a limited or superficial manner in two or more of the content areas:

• Descrip=on of how the MSN project will promote efficiency or cost savings within the healthcare environment

• Explana=on of how the project will contribute to a culture of safe, high- quality,

Presenta=on of informa=on needs improvement as evidenced by content that is missing or unsaKsfactory in one or more of the content areas:

• Descrip=on of how the MSN project will promote efficiency or cost savings within the healthcare environment

• Explana=on of how the project will contribute to a culture of safe, high-quality, person- centered care

6

MSN Project: Financial Manage ment

50 Points 46 Points 42 Points 0 Points

Dis=nguished presenta=on of informa=on evidenced by all of the following content areas covered in a comprehensive and concise manner:

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

• Iden=fica=on and descrip=on of two specific variables which may influence the financial aspect of the project

• Discussion of strategies to address each

Presenta=on of informa=on exceeds expecta=ons evidenced by most content covered in a comprehensive and concise manner, but with one area where coverage is superficial:

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

• Iden=fica=on and descrip=on of two specific variables which may influence the financial

Proficient presenta=on of informa=on evidenced by content covered in a limited or superficial manner in two or more of the content areas:

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

• Iden=fica=on and descrip=on of two specific variables which may influence the financial aspect of the project

Presenta=on of informa=on needs improvement as evidenced by content that is missing or unsaKsfactory in one or more of the content areas:

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

• Iden=fica=on and descrip=on of two specific variables which may influence the financial aspect of the project

• Discussion of strategies to address each of the two Conclusio

n 20 Points 18 Points 16 Points 0 Points

7

Conclusio n Dis=nguished

presenta=on of informa=on evidenced by all of the following content areas covered in a comprehensive and concise manner:

• Concluding statements regarding responsibl e use and manageme nt of resources

• Concluding statements regarding financial manageme

Presenta=on of informa=on exceeds expecta=ons evidenced by most content covered in a comprehensive and concise manner, but with one area where coverage is superficial:

• Concluding statements regarding responsible use and manageme

Proficient presenta=on of informa=on evidenced by content covered in a limited or superficial manner in two or more of the content areas:

• Concludin g statement s regarding responsibl e use and managem ent of resources

• Concludin

Presenta=on of informa=on needs improvement as evidenced by content that is missing or unsaKsfactory in one or more of the content areas:

• Concluding statements regarding responsible use and manageme nt of resources

• Concluding statements regarding financial MSN

Project 30 Points 27 Points 25 Points 0 Points

8

MSN Project Financial Manage ment Table

Dis=nguished presenta=on of informa=on evidenced by all of the following content areas covered in a comprehensive and concise manner:

The financial management table:

• Is included as an appendix to the assignment paper

• Includes a completed ac=on plan for the MSN project

• Documents resources needed to carry out the ac=on plan

• Documents forecasted

Presenta=on of informa=on exceeds expecta=ons evidenced by most content covered in a comprehensive and concise manner, but with one area where coverage is superficial:

The financial management table:

• Is included as an appendix to the assignment paper

• Includes a completed ac=on plan for the MSN project

• Documents resources needed to carry out

Proficient presenta=on of informa=on evidenced by content covered in a limited or superficial manner in two or more of the content areas:

The financial management table:

• Is included as an appendix to the assignmen t paper

• Includes a completed ac=on plan for the MSN project

• Document s resources needed to carry out the ac=on

Presenta=on of informa=on needs improvement as evidenced by content that is missing or unsaKsfactory in one or more of the content areas: The financial management table:

• Is included as an appendix to the assignment paper

• Includes a completed ac=on plan for the MSN project

• Documents resources needed to carry out the ac=on plan

• Documents forecasted cost for

Graduate -level

20 Points 18 Points 16 Points 0 Points

9

Graduate -level WriKng Style

Dis=nguished graduate-level wri=ng style is evidenced by mee=ng all of the following criteria with 0-1 errors total: • Correct use of

spelling, grammar, punctua=on, sentence and paragraph structure

• Clarity, organiza=on, and logical flow of ideas within wri=ng

• Scholarly, professional wri=ng tone with no use of first person

• Synthesis of informa=on is present with no more than one short direct quote (15 words or less)

• Correct APA format for the following: o Page

numbering o Font style and

size

Graduate-level wri=ng style exceeds expecta=ons as evidenced by mee=ng the following criteria with 2-4 errors total: • Correct use of

spelling, grammar, punctua=on, sentence and paragraph structure

• Clarity, organiza=on, and logical flow of ideas within wri=ng

• Scholarly, professional wri=ng tone with no use of first person

• Synthesis of informa=on is present with no more than one short direct quote (15 words or less)

• Correct APA format for the following: o Page

numbering o Font style and

size

Proficient graduate-level wri=ng style is evidenced by mee=ng the following criteria with 5-7 errors, total: • Correct use of

spelling, grammar, punctua=on, sentence and paragraph structure

• Clarity, organiza=on, and logical flow of ideas within wri=ng

• Scholarly, professional wri=ng tone with no use of first person

• Synthesis of informa=on is present with no more than one short direct quote (15 words or less)

• Correct APA format for the following:

Graduate-level wri=ng style needs improvement as evidenced by mee=ng the following criteria with 8 or more errors, total: • Correct use of

spelling, grammar, punctua=on, sentence and paragraph structure

• Clarity, organiza=on, and logical flow of ideas within wri=ng

• Scholarly, professional wri=ng tone with no use of first person

• Synthesis of informa=on is present with no more than one short direct quote (15 words or less)

• Correct APA format for the following: o Page

numbering o Font style and

size Quality of Literature Support

0 Points Deducted 4 Points Deducted

A minimum of 4 peer-reviewed scholarly sources, current within five years, are integrated within the

The assignment fails to meet the requirement noted for quality of literature support.

Assignm ent

0 Points Deducted 4 Points Deducted

10

Assignm ent Length Expecta Kons

The length of the assignment meets the criteria:

Minimum of 3 pages in length;

Maximum of 5 pages in length.

(Not including the

The assignment fails to meet the requirement for length.

11