NHS-FPX6008 Assessment 3 Business Case for Change

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NHS-FPX6008 Assessment 3 Business Case for Change – Step-by-Step Guide

The first step before starting to write the NHS-FPX6008 Assessment 3 Business Case for Change, it is essential to understand the requirements of the assignment. The first step is to read the assignment prompt carefully to identify the topic, the length and format requirements. You should go through the rubric provided so that you can understand what is needed to score the maximum points for each part of the assignment. 

It is also important to identify the audience of the paper and its purpose so that it can help you determine the tone and style to use throughout. You can then create a timeline to help you complete each stage of the paper, such as conducting research, writing the paper, and revising it to avoid last-minute stress before the deadline. After identifying the formatting style to be applied to the paper, such as APA, you should review its use, such as writing citations and referencing the resources used. You should also review how to format the title page and the headings in the paper.

How to Research and Prepare for NHS-FPX6008 Assessment 3 Business Case for Change

The next step in preparing for your paper is to conduct research and identify the best sources to use to support your arguments. Identify the list of keywords from your topic using different combinations. The first step is to visit the university library and search through its database using the important keywords related to your topic. You can also find books, peer-reviewed articles, and credible sources for your topic from PubMed, JSTOR, ScienceDirect, SpringerLink, and Google Scholar. Ensure that you select the references that have been published in the last words and go through each to check for credibility. Ensure that you obtain the references in the required format, for example, in APA, so that you can save time when creating the final reference list. 

You can also group the references according to their themes that align with the outline of the paper. Go through each reference for its content and summarize the key concepts, arguments and findings for each source. You can write down your reflections on how each reference connects to the topic you are researching about. After the above steps, you can develop a strong thesis that is clear, concise and arguable. Next you should create a detailed outline of the paper so that it can help you to create headings and subheadings to be used in the paper. Ensure that you plan what point will go into each paragraph.

How to Write the Introduction for NHS-FPX6008 Assessment 3 Business Case for Change

The introduction of the paper is the most crucial part as it helps to provide the context of your work, and will determine if the reader will be interested to read through to the end. You should start with a hook, which will help capture the reader’s attention. You should contextualize the topic by offering the reader a concise overview of the topic you are writing about so that they may understand its importance. You should state what you aim to achieve with the paper. The last part of the introduction should be your thesis statement, which provides the main argument of the paper.

How to Write the Body for NHS-FPX6008 Assessment 3 Business Case for Change

The body of the paper helps you to present your arguments and evidence to support your claims. You can use headings and subheadings developed in the paper’s outline to guide you on how to organize the body. Start each paragraph with a topic sentence to help the reader know what point you will be discussing in that paragraph. Support your claims using the evidence conducted from the research, ensure that you cite each source properly using in-text citations. You should analyze the evidence presented and explain its significance and how it connects to the thesis statement. You should maintain a logical flow between each paragraph by using transition words and a flow of ideas.

How to Write the In-text Citations for NHS-FPX6008 Assessment 3 Business Case for Change

In-text citations help the reader to give credit to the authors of the references they have used in their works. All ideas that have been borrowed from references, any statistics and direct quotes must be referenced properly. The name and date of publication of the paper should be included when writing an in-text citation. For example, in APA, after stating the information, you can put an in-text citation after the end of the sentence, such as (Smith, 2021). If you are quoting directly from a source, include the page number in the citation, for example (Smith, 2021, p. 15). Remember to also include a corresponding reference list at the end of your paper that provides full details of each source cited in your text. An example paragraph highlighting the use of in-text citations is as below:

The integration of technology in nursing practice has significantly transformed patient care and improved health outcomes. According to Smith (2021), the use of electronic health records (EHRs) has streamlined communication among healthcare providers, allowing for more coordinated and efficient care delivery. Furthermore, Johnson and Brown (2020) highlight that telehealth services have expanded access to care, particularly for patients in rural areas, thereby reducing barriers to treatment.

How to Write the Conclusion for NHS-FPX6008 Assessment 3 Business Case for Change

When writing the conclusion of the paper, start by restarting your thesis, which helps remind the reader what your paper is about. Summarize the key points of the paper, by restating them. Discuss the implications of your findings and your arguments. End with a call to action that leaves a lasting impact on the reader or recommendations.

How to Format the Reference List for NHS-FPX6008 Assessment 3 Business Case for Change

The reference helps provide the reader with the complete details of the sources you cited in the paper. The reference list should start with the title “References” on a new page. It should be aligned center and bolded. The references should be organized in an ascending order alphabetically and each should have a hanging indent. If a source has no author, it should be alphabetized by the title of the work, ignoring any initial articles such as “A,” “An,” or “The.” If you have multiple works by the same author, list them in chronological order, starting with the earliest publication. 

Each reference entry should include specific elements depending on the type of source. For books, include the author’s last name, first initial, publication year in parentheses, the title of the book in italics, the edition (if applicable), and the publisher’s name. For journal articles, include the author’s last name, first initial, publication year in parentheses, the title of the article (not italicized), the title of the journal in italics, the volume number in italics, the issue number in parentheses (if applicable), and the page range of the article. For online sources, include the DOI (Digital Object Identifier) or the URL at the end of the reference. An example reference list is as follows:

References

Johnson, L. M., & Brown, R. T. (2020). The role of telehealth in improving patient outcomes. Journal of Nursing Care Quality, 35(2), 123-130. https://doi.org/10.1097/NCQ.0000000000000456

Smith, J. A. (2021). The impact of technology on nursing practice. Health Press.

NHS-FPX6008 Assessment 3 Business Case for Change Instructions

Develop a 10-slide business PowerPoint for the economic issue you have been working with as your topic in the previous assessment. You will then present this PowerPoint using Kaltura and submit the video. Have a look at NHS-FPX6008 Assessment 4 Lobbying for Change.

Introduction

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.

As a master’s-level health care practitioner, you are expected to consider a number of factors when supporting change by analyzing the feasibility of a new initiative or identifying an issue within your organization. For example, you must take into consideration 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 you are invested in. Additionally, you must also balance your ethical and moral responsibility to provide quality care to patients and populations while protecting your organization’s assets and economic viability in the near and long terms.

Background and Context

As a master’s-level health care practitioner, you are expected to consider a number of factors when supporting change by analyzing the feasibility of a new initiative or identifying an issue within your organization. For example, you must take into consideration 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 you are invested in. Additionally, you must also balance your ethical and moral responsibility to provide quality care to patients and populations while protecting your organization’s assets and economic viability in the near and long terms.

Instructions

For this assessment, you will develop a 10-slide business PowerPoint for the economic issue you have been working with as your topic in the previous assessment. You will then present this PowerPoint using Kaltura and submit the video.

This presentation asks you to examine the feasibility and cost-benefit considerations of implementing a proposed solution for your chosen issue, as well as analyze ways to mitigate risks.

Be sure to address each main point. Review the assessment instructions and scoring guide, including performance-level descriptions for each criterion, to ensure you understand the work you will be asked to complete and how it will be assessed. In addition, note the requirements for document format and length and for supporting evidence.

You may also wish to consult the Guidelines for Effective PowerPoint Presentations [PPTX] if you need additional guidance as you are assembling your presentation.

Overall, your assessment submission will be assessed on the following criteria:

  • Summarize the problem and the potential impact the health care economic issue has on you, your colleagues, your organization, and the community at large.
    • This is an opportunity to tell your story and what the initiative means to you as a health care practitioner. Remember, this is a presentation. So, you want to be engaging and persuasive in order to build support for what you will be proposing to do later in the presentation.
    • Explain the feasibility and cost-benefit considerations of your health care economic issue, as well as three ways to mitigate risks to the financial security of your organization or health care setting.
      • Make sure to present at least an overview of the data and numbers you are basing your cost-benefit analysis on.
      • Touch upon the ways in which potential risks could pose a threat to the financial security of your organization or care setting while you are addressing the ways to mitigate risk.
      • Support your explanation with evidence-based research or scholarly sources.
    • Describe the changes or solution that you propose be implemented in order to address the economic issue.
      • Include the potential benefits of implementation to your organization, your colleagues, or the community at large.
      • Support your initiative with evidence-based research or scholarly sources.
    • Explain how your proposed solution is culturally sensitive, ethical, and equitable within the context of the community and health care setting it will be implemented.
      • Make sure that your changes or solution are not unfairly burdening or disadvantaging any specific groups.
      • Double check that your changes or solution do not pose any ethical issues and are not culturally insensitive.
      • Ensure that both access and cost are equitable across all groups in the community that the proposed solution will be affecting.
    • Convey purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly communication standards.

If you need more guidance on recording a video with Kaltura, refer to the audio and video information in Using Kaltura.

Additional Requirements

  • Length of Presentation: The PowerPoint presentation should be 10 slides in length and presented orally using Kaltura to record and share the video. The video itself should not exceed 10 minutes.
    • Number of Resources: Include at least five scholarly sources to support your work and meet scholarly expectations for supporting evidence. Apply APA formatting to in-text citations and references in the PowerPoint.
    • Technology Used: Record yourself presenting your PowerPoint using Kaltura, and submit it for review. You must also submit the PowerPoint file for review.

Note: As you revise your writing, check out the resources listed on the Writing Center’s Writing Support page.

Competencies Measured

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and 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.
    • Summarize the problem and the potential impact the health care economic issue has on you, your colleagues, your organization, and the community at large.
    • 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 how your proposed solution is culturally sensitive, ethical, and equitable within the context of the community and health care setting it will be implemented.
    • 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.
      • Explain the feasibility and cost-benefit considerations of your health care economic issue, as well as three ways to mitigate risks to the financial security of your organization or health care setting.
      • Describe the changes or solution that you propose be implemented in order to address the economic issue.
    • Competency 5: Produce clear, coherent, and professional written work, in accordance with Capella writing standards.
      • Convey purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly communication standards.

NHS-FPX6008 Assessment 3 Business Case for Change Example

Speech Presentation for Business Case for Change

Slide One: Presentation Objectives

Hello everyone, and welcome to today’s presentation. This video presentation focuses on a business case for change. The need to implement change will be discussed. The selected healthcare economic issue is healthcare insurance. Healthcare insurance coverage is a vital aspect of care provision and the accessibility of healthcare services. The reasons for selecting the healthcare economic issue and the impact of the healthcare economic issue will also be discussed. Additionally, the feasibility and cost-benefit considerations will also be explored. Finally, I will identify the potential risks in the organization and the ways to mitigate these risks will also be identified.

Slide Two: The Need for Change

Healthcare institutions require constant change and improvement resulting from continuous evaluation and learning. Organizations use evaluations of the services provided to guide performance improvement and determine how the organization’s finances affect service delivery. These evaluations provide reports that are used to assess performance and guide organizational change.

The reasons for change include increasing the accessibility of health services and reducing disparities among health populations. Another need for change is to enable them to meet the population health needs of the population. Healthcare institutions strive to address the needs of health populations and thus require continuous evaluation. Additionally, the financial strategy of an institution impacts the healthcare services provided and the ability of the institution to meet the needs of health populations. Therefore, healthcare organizations need to adapt and improve their financial strategies. 

Slide Three: Local Healthcare Economic Issue

The focus of healthcare economic issues is healthcare insurance and its accessibility. According to Keisler-Starkey and Bunch (2020), the current rate of insured individuals is 91.7%. However, the remaining uninsured individuals are mainly from minority populations, immigrants and other undocumented individuals. There are private and public health insurance covers available for the public.

Both public and private insurance companies offer different plans and coverage, and the premium costs also vary. Keisler-Starkey and Bunch (2020) note that private insurance covers direct purchases, Tricare, and employer insurance. Public insurance covers include Medicare and Medicaid. However, individuals from minority populations often lack access to insurance coverage, which is the central issue addressed in this presentation.

Slide 4: Reasons for the Selected Healthcare Issue

Healthcare insurance is a major source of funding for healthcare institutions. Since more than 90% of people are insured, healthcare organizations heavily rely on insurance reimbursements for their financial stability. Additionally, health insurance provides individuals with the confidence to seek healthcare services, including specialized treatments. However, nearly 10% of the remaining uninsured individuals must incur out-of-pocket healthcare costs, which are relatively expensive.

Unfortunately, this percentage includes individuals from minority populations, undocumented individuals and people who opt out of insurance coverage, citing the high cost of living and costly premiums. Fong (2019) notes that individuals and members of the health population with higher health needs, such as older adults, also often lack insurance coverage. Therefore, the economic issue of healthcare insurance is an essential issue of consideration.

Slide 5: Impact of the Healthcare Economic Issue

The issue of health insurance considerably impacts me as a care provider, my work and colleagues, the organization and the community in general. Health insurance affects my colleagues and me, as we are responsible for providing care services to all patients. According to Edward et al. (2021), care providers, especially from private care institutions, may face ethical dilemmas when uninsured patients seek healthcare services without pay.

Additionally, Edward et al. (2021) note that healthcare organizations may suffer financial losses when forced to offer waivers to uninsured individuals. The losses may, in turn, compromise the delivery of healthcare services. Health insurance also influences healthcare service-seeking behavior among different members of the population, leading to poor health outcomes for individuals and the population as a whole when people are reluctant to seek healthcare services.

Slide 6: Feasibility and Cost-Benefit Considerations

According to Dormont (2019), the cost-benefit considerations of any intervention are determined by comparing the costs versus the benefits of the intervention, thus determining its feasibility. A healthcare intervention is feasible if the benefits exceed the costs, and the institution can easily cater to the cost. A recent review by Himmelstein et al. (2020) showed that insurance reimbursements are one of the primary funding sources in healthcare, accounting for approximately 90%.

Additionally, a lack of insurance increases the risk of disease complications, which in turn increases the health burden and the operating costs of institutions. As mentioned earlier, insurance impacts the utilization of healthcare services. Keisler-Starkey and Bunch (2020) note that about 20% of uninsured individuals do not seek health services. According to Whaley et al. (2020), underutilization of healthcare services may lead to loss of institutional finances. Therefore, interventions to address health insurance are feasible.

Slide 7: Potential Risks to the Organization and Ways to Mitigate the Risks

There are various potential risks arising from the issue of health insurance. These risks include financial security, which can be compromised by reduced revenue due to low reimbursements, as they are the major source of healthcare funding. Keisler-Starkey and Bunch (2020) note that healthcare institutions may compromise their healthcare services due to low reimbursements and the inability to meet operating costs.

The institutions may also have poor reputations due to failure to offer services to uninsured patients. There are different ways to mitigate the risk of financial security in healthcare organizations. The three main ones include seeking external sources of funding to supplement internal funds and educating the population on the significance of insurance, thus encouraging them to be insured. Additionally, healthcare institutions can collaborate with insurance companies to register their patients prior to accessing care services.

Slide 8: Proposed Change and the Benefits of Implementing Change

The proposed change to address the economic issue of health insurance is population education to create awareness and knowledge on insurance and its significance, as well as policy changes to enhance the affordability of healthcare insurance premiums. Most people are uninsured due to inadequate awareness of health insurance and high insurance service costs.

According to Weedige et al. (2019), population education effectively increases insurance awareness and encourages individuals to get healthcare insurance. The proposed change intervention will target minority populations and other most affected populations. The benefits of this change include increased healthcare access and utilization, improved population outcomes, and the reduction of financial losses in healthcare institutions due to increased revenue.

Slide 9: Cultural Sensitivity, Ethical and Equitability of the Proposed Change

Cultural sensitivity and ethical considerations are essential in every intervention. The implementation of healthcare interventions should also consider ethics and promote equity in the community. These factors also help to enhance the success of a healthcare intervention. To enhance cultural and ethical sensitivity, the proposed intervention will involve the community members in developing the educational content and making other essential decisions.

Marston et al. (2020) note that cultural factors, such as language, should be considered when implementing healthcare interventions to increase acceptance, success, and sustainability. Ethical considerations will include providing education to all community members without discrimination. Moreover, with increased knowledge of insurance and accessibility of care services, the intervention will enhance equity in the community.

Slide 10: Conclusion

As I come to the end of this video presentation, there are a few things to note. Healthcare insurance is a crucial economic issue in healthcare that warrants consideration. Lack of insurance significantly impacts us as healthcare providers, colleagues, work, organizations and the community. Individuals across different health populations are affected differently. Minority health populations and populations with more health needs, such as the elderly, are more affected by a lack of health insurance since they require health services more and may not access them, thus leading to poor health outcomes.

Additionally, insurance affects care provision in healthcare organizations due to reduced revenue from reimbursements, which compromises the quality of healthcare services. However, the issue can be addressed by population education and policy changes to increase awareness and reduce insurance service costs. Our responsibility as healthcare providers is to identify healthcare economic issues and propose solutions to address them.  

References

Dormont, B. (2019). Supplementary health insurance and regulation of healthcare systems. In Oxford Research Encyclopedia of Economics and Finance. https://doi.org/10.1093/acrefore/9780190625979.013.115

Edward, J., Thompson, R., & Jaramillo, A. (2021). The availability of health insurance literacy resources fails to meet the needs of consumers in rural, Appalachian communities: implications for state Medicaid waivers. The Journal of Rural Health, 37(3), 526-536. https://doi.org/10.1111/jrh.12485

Fong, J. H. (2019). Out-of-pocket health spending among Medicare beneficiaries: Which chronic diseases are most costly? PloS One, 14(9), e0222539. https://doi.org/10.1371/journal.pone.0222539

Himmelstein, D. U., Campbell, T., & Woolhandler, S. (2020). Health care administrative costs in the United States and Canada, 2017. Annals of Internal Medicine, 172(2), 134–142. https://doi.org/10.7326/M19-2818

Keisler-Starkey, K., & Bunch, L. N. (2020). Health insurance coverage in the United States: 2019. Washington, DC: US Census Bureau. https://www.census.gov/content/dam/Census/library/publications/2022/demo/p60-278.pdf

Marston, C., Renedo, A., & Miles, S. (2020). Community participation is crucial in a pandemic. The Lancet, 395(10238), 1676–1678. https://doi.org/10.1016/S0140-6736(20)31054-0

Whaley, C. M., Pera, M. F., Cantor, J., Chang, J., Velasco, J., Hagg, H. K., Sood, N., & Bravata, D. M. (2020). Changes in Health Services Use Among Commercially Insured US Populations During the COVID-19 Pandemic. JAMA Network Open, 3(11), e2024984. https://doi.org/10.1001/jamanetworkopen.2020.24984  

Weedige, S. S., Ouyang, H., Gao, Y., & Liu, Y. (2019). Decision making in personal insurance: Impact of insurance literacy. Sustainability, 11(23), 6795. https://doi.org/10.3390/su11236795