Proposed Initiative for an Economic Opportunity.

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Proposed Initiative for an Economic Opportunity.

 

Assessment Instructions

Research an economic opportunity that might be available within your health care setting—at both micro (departmental, neighborhood) and macro (organizational, community) levels—that you believe will provide ethical and culturally equitable improvements to the quality of care. Then, propose an initiative to take advantage of that opportunity. Support your proposal with economic data (sector growth, supply versus demand, cost versus reimbursement, et cetera) and an analysis of the prospective benefits for your department and for the organization overall.Proposed Initiative for an Economic Opportunity.

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Such economic opportunities might include offering a new service line, working to improve a service line already offered, retiring an outdated or unprofitable service line, or any other initiative you believe will be of benefit to your organization in the short and long term. One example is a recently launched partnership with a local bicycle sharing company. Your organization partners with them to host healthy community events that offer free screenings for early detection of various health issues. Free screenings help fulfill some of your organization\’s preventive and healthy lifestyle initiatives, while also potentially driving referrals to other services provided by your organization.Proposed Initiative for an Economic Opportunity.

Note: Your proposal will serve as the basis for subsequent assessments in this course.

Note: Remember that you can submit all, or a portion of, your draft proposal 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.Proposed Initiative for an Economic Opportunity.

Requirements

The requirements for your proposal, 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, length, and supporting evidence.

  • Provides a cogent, convincing explanation of why a proposed initiative presents a viable and beneficial economic opportunity for an organization. Argues key points effectively, building a strong case in support of the initiative. Explain why your proposed initiative presents a viable and beneficial economic opportunity for your organization. Proposed Initiative for an Economic Opportunity.
    • Describe your proposed service line or economic initiative.
    • Explain why your proposal presents an economic opportunity at the micro level and macro level.
    • Explain how your proposed initiative will provide ethical and culturally equitable improvements to the quality of care.
  •  Analyzes the economic factors of supply and demand associated with a proposed initiative, within a context relevant to a particular organization or care setting. Accurately interprets economic and demographic data and draws sound conclusions. Identifies missing information, unanswered questions, or areas of uncertainty.
    • What do economic and demographic data suggest is the supply and demand?
    • What additional information would improve your analysis?
  • Explains how relevant economic and environmental data support a proposed initiative. Draws insightful conclusions from existing data that clearly illustrate the potential and viability of the initiative.Proposed Initiative for an Economic Opportunity.
    • How does the data illustrate a potential opportunity and the economic viability of your proposal?
  •  Writes concisely and directly. Conveys precise and unequivocal meaning through clear and consistent use of active voice.
    • Proofread your proposal 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 proposal.
  •  Supports main points, assertions, arguments, conclusions, or recommendations with relevant, credible, and convincing evidence. Skillfully combines virtually error-free source citations with a perceptive and coherent synthesis of the evidence.Proposed Initiative for an Economic Opportunity.

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 1 Example [PDF].

Additional Requirements

Your assessment should also meet the following requirements:

  • Format: Format your proposal using current APA style 7th edition. Use the APA Style Paper Template [DOCX]. An APA Style Paper Tutorial [DOCX] is also provided to help you in writing and formatting your proposal. 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 proposal should be 2–4 pages in length, not including the title page and references page.
  • Supporting evidence: Cite 3–5 authoritative and scholarly resources to support your proposal. 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.Proposed Initiative for an Economic Opportunity.

Portfolio Prompt: You may choose to save your proposal 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 economic factors of supply and demand associated with a proposed initiative, within a context relevant to a particular organization or care setting.
  • 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.
    • Explain why a proposed initiative presents a viable and beneficial economic opportunity for an organization.
  • Competency 3: Justify the qualitative and quantitative information used to guide economic decision making to stakeholders and colleagues.Proposed Initiative for an Economic Opportunity.
    • Explain how relevant economic and environmental data support a proposed initiative.
  • Competency 5: Produce clear, coherent, and professional written work, in accordance with Capella writing standards.
    • Write concisely and directly using active voice.
    • Support main points, assertions, arguments, conclusions, or recommendations with relevant and credible evidence.Proposed Initiative for an Economic Opportunity.

Proposed Initiative for an Economic Opportunity

 

Introduction

In a given medical facility, the effectiveness of the coordination of various services leads to the excellence and smooth delivery of the patient care that results in the overall success of the health care delivery. As such, good coordination is the basis that creates cohesiveness and execution of services bringing on the board the much-needed care at the expected level of quality. The Tiptop Medical Centre is a facility whose core target is to provide emergency services. Its Emergency Department (ED) has for a long struggled to handle an increasing emergency cases within the locality, a situation which has recorded a decrease in patient visits with preference of other facilities. There has also been a rise in the number of complaints emanating from poor service delivery, sometimes even escalating to legal suits of negligence, especially with the fatal cases. Nevertheless, all is not lost inthe Tiptop Medical Centre and as such, a viable economic activity exists within this complex operational situation. Setting up an interprofessional coordination office will be the best move that will improve the situation at hand both in the service delivery as well as economic gain.Proposed Initiative for an Economic Opportunity.

Outcomes of Setting Up Interprofessional Coordination Office

With Tiptop Medical Centre core services being centeredon offering emergency services, the daily visits range between 40-60 patients, with most of these patients requiring specialized critical treatment and care. As such, there is a high demand for diverse professional even for handling a single patient due to the complexities of such cases. With the emergency department at this facility depending on several other departments within the facility to execute the emergency services, a lot of delays are witnessed in that course. This leads to poor service delivery and sometimes overwhelming some professionals in the line of duty, which threatens the level of service quality and jeopardizing the critical care for the patients presented within the department (Burkholder et al., 2019).Proposed Initiative for an Economic Opportunity.

The interprofessional coordination office will be responsible for ensuring that there are enough support staff and medical professionals at any given time to handle the emergency cases effectively and at the shortest time possible (Weir, 2017). This office will also ensure that departments that work together with the emergency services are facilitated both in terms of staff, as well as medical equipment. Although there has been some existing coordination within the facility, there has not been a well formalized coordination procedures and responsibilities that brings a comprehensive team on board to match the demands of the ED services(Unal, 2017). The vulnerable nature of the patients that are handled by the ED department requires specialized handling and critical care execution at the least time possible as the patient cases are emergency in nature and entirely life threatening.

The Interprofessional Coordination Office will assist the Tiptop Medical Centre in saving time and resources, as well as creating knowledge that is crucial in handling emergency cases (Mieke van et al., 2017). The management of the office will be headed by a Medical Superintendent with a prior knowledge in emergency service coordination and leadership skills being assisted by a baseline management team drawn from the key departments including the Nurse Charge (Burkholder et al., 2019). The office will thus have a real-time update on the needs, performance and effectiveness of the service delivery, making it possible to take action as need be. The office will also create a room for information sharing,hence providing the professionals handling the emergency cases with a broad discoveryof the underlying effects and root causes of the health issues presented with the patients (Chiocchio et al., 2016). This will be an economically viable initiative and as well, it will create a room for improved service delivery that is critical for the patient’s overall well-being.Proposed Initiative for an Economic Opportunity.

Although the setting up of the coordination office has been associated with several positive outcomes, there may be expected undesirable outcome of which the Tiptop Medical Centre should strive on strategizing on how to resolve them as they emerge (Unal, 2017). Overreliance of the coordination office may threaten the freedom of creating new ideas in the service execution. Secondly, failure in the coordinated leadership may cripple the service delivery and thus leading to the overall failure of the interprofessional coordination.Finally, lack of enough resources, especially as bestowed with the institutional duty of providing resources will lender the office to be incapable and hence the same old way of poor service delivery (Awuzie & McDermott, 2016).Proposed Initiative for an Economic Opportunity.

Factors Influencing the Setting Up of The Interprofessional Coordination Office

With a 40-60 daily, emergency cases, the demand for the emergency critical care at the Tiptop Medical Centre is high and thus requires proper coordination of the available professionals as cases dictate. As such, the coordination office will oversight a team of professionals who will be responsible for attending to these cases. The current number of patients seeking the emergency services is still low considering the emergency department full capacity of 80-100 patients per day. The current average turnout has been as aresult of poor service and delay observed within the facility. The Tiptop Medical Centre is located along a major highway, making it a preferredCentre for the accident related emergencies. These cases demand a wide range of professionals right from the triage section, all the way to the admission section, hence the need to have a dedicated coordination in place to enhance the interprofessionalcollaboration effectiveness that is crucial in responding to the emergency cases (Chiocchio et al., 2016).Proposed Initiative for an Economic Opportunity.

The estimated cost of the setting up of the new coordination cost is estimated at $100,000, with the funds drawn from the facility reserves. The good side of the setting up process is that there is available space within the facility close to the emergency department which has been used as a temporary store. With this space available, the costs will only cater for the office upgrade, as well as furniture and equipment acquisition. With the expected elevation of service quality, this will go a long in increasing the capacity to handle more cases from the current 40-60 patients to between 80-100 patients, which will add up to more revenue earnings, hence covering the set-up costs of $100,000 in the next one and half years.Proposed Initiative for an Economic Opportunity.

Analysis of Supply and Demand

Accidents do happen anytime and so are other emergency medical cases and as such, the volumes of emergency cases are bound to increase as we head into the future. Having distinguished itself as a Centre for medical emergencies, the Tiptop Medical Centre has an opportunity to strategically position itself through offering excellent service delivery that will make it a medical center of choice for many. As such, the facility is bound to sustain itself in the future, including the much-needed financial resources.Proposed Initiative for an Economic Opportunity.

Nevertheless, all these will be achieved if there exists an excellent coordination with the present professionals that matches the demand for the emergency cases (Mieke van et al., 2017). The Interprofessional coordination office will come in handy in ensuring that the demand and supply is kept at a balanced edge through interprofessional coordination that ensures quality service delivery for the patient’s critical care (Burkholder et al., 2019).Proposed Initiative for an Economic Opportunity.

Although the coordination office stands crucial in the service coordination and delivery within the Tiptop Medical Centre, there exists areas of uncertainty such as finding a good leadership within the coordination office, creating the teamwork awareness and the need for professionals to collaborate and the overall approval process for the approval of the use of reserves by the facility management. These identified areas need to be checked upon implementation to ensure a smooth implementation of the proposed establishment of the office to enhance the emergency service delivery (Awuzie & McDermott, 2016).Proposed Initiative for an Economic Opportunity.

Conclusion

In a recap, the setting up of an interprofessional coordination office will bring in a whole new idea of doing things differently and as a result improve the overall service delivery and patient experience within the facility. On the other hand, improved service delivery will lead to patient increase, thus transferring to an overall growth opportunity and more revenues for the facility. Therefore, the setting up of the interprofessional coordination is a viable initiative that the coordination office can translate as a perfect economic opportunity.Proposed Initiative for an Economic Opportunity.