MSN6216 Full Course Latest 2019 January Question # 00596843 Course Code : MSN6216 Subject: Business Due on: 01/12/2019 Posted On: 01/12/2019 07:02 AM Tutorials: 1 Rating: 4.7/5

MSN6216 –
Advanced Finance and Operations Management

Unit 1
Discussion

DQ1 Allocation of
Resources

Discuss the concept of market in facilitating efficient
allocation of health care resources. Provide one specific example of how you,
as a nurse leader, will apply this concept to the financial management and
operation of a health care facility or unit.

How does market relate to demand?

What demand shifters are factors in your facility or unit?

Are these factors that nurse leaders can influence?

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the
assigned readings or other professional and scholarly literature, as
applicable, to support your position, substantiate a claim, or when referring
to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required
number of peers and use the word count stated in the FEM, preferably responding
to posts that have had few or no responses. Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following
questions:

In what respects are the demand shifters that affect your
facility similar to or different from those your colleague identified?

How does your view align with that of your colleague
regarding the nurse leader’s influence over factors affecting resource
allocation?

Learning Components

This activity will help you achieve the following learning
components:

Identify the factors that determine effective allocation of
resources.

Identify required resources for labor, equipment, and services.

Apply the principles of effective composition.

Proofread and edit written communications.

DQ2 GDP and Health
Care

Discuss the portion of the U.S. gross domestic product (GDP)
comprising U.S. health care expenditures.

What must change in the U.S. health care delivery system
with regard to patient care and the costs of that care?

How can the reality of utility complicate or reinforce these
changes?

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the
assigned readings or other professional and scholarly literature, as
applicable, to support your position, substantiate a claim, or when referring
to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required
number of peers and use the word count stated in the FEM, preferably responding
to posts that have had few or no responses. Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following
questions:

Do you agree with your colleague’s assessment of needed
changes in U.S. health care?

Why or why not?

Do they have credible evidence for their claims?

What counterarguments might you present?

What additional thoughts can you offer about the prospects
for change?

Learning Components

This activity will help you achieve the following learning
components:

Proofread and edit written communications.

Identify the major factors affecting staffing and
productivity.

Apply the principles of effective composition.

Define and describe financial goals.

Identify factors affecting the budget.

MSN6216 –
Advanced Finance and Operations Management

Unit 2
Discussion

DQ1 MCOs and PPOs

Compare and contrast managed care organizations (MCOs) and
preferred provider organizations (PPOs).

How do these models of care affect your role as a nurse
leader in managing health care delivery?

What cost-saving strategies are utilized in the two models?

How do these strategies function to control health insurance
costs?

Provide a concrete example of how capitation can control
health care costs.

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the
assigned readings or other professional and scholarly literature, as
applicable, to support your position, substantiate a claim, or when referring
to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required
number of peers and use the word count stated in the FEM, preferably responding
to posts that have had few or no responses. Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following
questions:

Do these models of care affect how you manage the delivery
of care differently from that of your colleague?

If so, in what ways, and why?

What cost-saving strategies has your colleague overlooked,
if any?

Can you elaborate on your colleague’s capitation example, or
offer different examples?

Learning Components

This activity will help you achieve the following learning
components:

Proofread and edit written communications.

Apply the principles of effective composition.

Identify the basic principles of effective budget management.

Identify the sources of budgetary data and information.

Identify effective budget management techniques.

DQ2 Importance of
Nurse Mentors in Professional Development

Describe two or three areas where you feel a mentor could
help you grow as a professional and assist you in becoming a better financial
manager.

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the
assigned readings or other professional and scholarly literature, as
applicable, to support your position, substantiate a claim, or when referring
to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required
number of peers and use the word count stated in the FEM, preferably responding
to posts that have had few or no responses. Your responses are expected to be
substantive. You are encouraged to ask questions, elaborate on a particular
point, offer an alternative viewpoint, or add comments that extend or sustain
the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following
questions:

What has been your experience as either a nurse mentor or
mentee?

To what extent did these experiences involve financial
management?

Were these experiences generally positive or negative? Why?

What do you consider to be the most valuable aspect of nurse
mentorship with regard to financial management?

Learning Components

This activity will help you achieve the following learning
components:

Apply the principles of effective composition.

Determine the impact of budget management on financial
planning.

Proofread and edit written communications.

Identify effective budget management techniques.

MSN6216 –
Advanced Finance and Operations Management

Unit 3
Discussion

Capital and
Operational Budgets

Capital and operational budgets each play a major role in
the financial expenditures of nursing units. For this discussion:

Explain the purpose and use of each type of budget.

Describe your experience with either type of budget.

Have you prepared or contributed to the development of one
of these budgets?

How have one or the other of these two budgets affected the
provision of care in your organization or unit?

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the
assigned readings or other professional and scholarly literature, as
applicable, to support your position, substantiate a claim, or when referring
to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required
number of peers and use the word count stated in the FEM, preferably responding
to posts that have had few or no responses. Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider:

How might you elaborate on your colleague’s explanation?

How does your experience with these budgets compare to that
of your colleague?

How are these budgets related to an organization’s strategic
goals?

Learning Components

This activity will help you achieve the following learning
components:

Apply the principles of effective composition.

Identify assumptions underlying a budget.

Distinguish between an operations budget and a capital
budget.

Identify alignment between the budget and the organization’s
mission.

Proofread and edit written communications.

MSN6216 –
Advanced Finance and Operations Management

Unit 4
Discussion

DQ1 Budget
Preparation

For this discussion, imagine you have taken a new position
as a nurse leader for a long-term care facility and it is your first week on
the job. Your manager has asked you to develop the budget worksheet for next
week’s budget meeting with the board of directors. You have never prepared a
budget and are feeling anxious regarding this process.

Describe your strategy for dealing with this request?

What resources will you leverage?

How will health care informatics and technology assist in
the creation of a budget?

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the assigned
readings or other professional and scholarly literature, as applicable, to
support your position, substantiate a claim, or when referring to the ideas or
work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required number
of peers and use the word count stated in the FEM, preferably responding to
posts that have had few or no responses. Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following
questions:

How does your experience with developing the budget
worksheet compare with that of your colleague?

What suggestions or recommendations can you offer to help
your colleague strengthen their budgeting skills?

What resources have you found to be useful in preparing a
budget worksheet that you would recommend?

Learning Components

This activity will help you achieve the following learning
components:

Determine resource needs.

Determine primary sources of budget information.

Identify factors affecting the budget.

Identify assumptions underlying a budget.

Proofread and edit budget data and information.

Apply the principles of effective composition.

DQ2 Inadequate
Budgets

You are the nurse leader on a busy medical-surgical unit and
have been experiencing a vacancy rate of 20 percent for RNs on the unit. The
patient satisfaction feedback and evaluation scores are quite low, and you
believe this is related to having an inadequate budget to meet the unit goals.

Describe your strategy, as the nurse leader, for applying
finance principles to achieve organizational goals and fiscal success for your
unit.

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the
assigned readings or other professional and scholarly literature, as
applicable, to support your position, substantiate a claim, or when referring
to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required
number of peers and use the word count stated in the FEM, preferably responding
to posts that have had few or no responses. Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following
questions:

How does your experience with developing strategies to
achieve organizational goals and fiscal success compare with that of your
colleague?

What suggestions or recommendations can you offer to help
your colleague strengthen their strategies for improving fiscal success?

What resources have you found to be useful in developing
your strategies that you would recommend?

Learning Components

This activity will help you achieve the following learning
components:

Determine how a department, unit, or project aligns with the
mission and goals of an organization.

Determine budget allowances.

Identify the mission and goals of an organization.

Identify available resources.

Identify strategic objectives.

Identify productivity goals.

Identify factors affecting the budget.

Recognize budgetary limits.

Determine resource needs.

Apply the principles of effective composition.

Proofread and edit budget data and information.

MSN6216 –
Advanced Finance and Operations Management

Unit 5
Discussion

Budget Design

In this unit’s assignment, you will submit an operating
budget. Discuss your experience of designing the budget.

Describe what parts of the process were areas of strength
for you.

What factors contribute to those strengths?

Describe areas of weakness.

What resources can you use to improve your skills in those
areas?

How has your concept of budget creation changed over the
course of completing this assignment?

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the assigned
readings or other professional and scholarly literature, as applicable, to
support your position, substantiate a claim, or when referring to the ideas or
work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required number
of peers and use the word count stated in the FEM, preferably responding to
posts that have had few or no responses. Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following
questions:

How does your experience with budget design compare with
that of your colleague?

What suggestions or recommendations can you offer to help
your colleague strengthen their budgeting skills?

What resources have you found to be useful in preparing an
operating budget that you would recommend?

Learning Components

This activity will help you achieve the following learning
components:

Apply the principles of effective composition.

Proofread and edit budget data and information.

MSN6216 –
Advanced Finance and Operations Management

Unit 6
Discussion

DQ1 Approach to
Capital Budgets

In the final assignment for this course, you will prepare a
capital budget for a proposed renovation project. For this discussion:

Explain how you will approach the process of designing the
budget.

What steps will you need to take?

What resources will you access?

Will you collaborate with other executives or staff?

How will you tie the vision for the capital expenditure to
the organization’s mission and goals?

Describe the real-world timeline for development of a
capital budget, outside the context of this course.

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the
assigned readings or other professional and scholarly literature, as
applicable, to support your position, substantiate a claim, or when referring
to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required
number of peers and use the word count stated in the FEM, preferably responding
to posts that have had few or no responses. Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following
questions:

How does your approach compare to that of your colleague?

What might account for major differences in approach, if
any?

Does your colleague have a strong case for supporting the
organization’s mission and goals?

Is your colleague’s budget development timeline reasonable?

If not, what factors might they have overlooked?

Learning Components

This activity will help you achieve the following learning
components:

Identify fiscal performance goals and metrics.

Identify strategic objectives.

Determine how a department, unit, or project aligns with the
mission and goals of an organization.

Identify the mission and goals of an organization.

Apply the principles of effective composition.

Identify information sources.

Proofread and edit written communications.

Determine the need for particular assets, equipment,
services, or goods.

DQ2 Financial
Communication Skills

Communicating your vision for a project to administrative
leaders is an important skill as a nurse leader. The administration will need
to understand the correlation between a proposed project, product, or service,
and their overall goals. For this discussion:

Explain your approach to developing a capital budget and
accompanying strategic plan for profitability and fiscal success.

What issues and challenges do you envision a nurse leader
facing during the process?

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the
assigned readings or other professional and scholarly literature, as
applicable, to support your position, substantiate a claim, or when referring
to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required
number of peers and use the word count stated in the FEM, preferably responding
to posts that have had few or no responses. Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following
questions:

What are the strengths and weaknesses of your colleague’s
approach?

What tips or suggestions can you offer?

What additional issues or challenges do you foresee?

What advice or recommendations can you offer regarding
effective communications with executive leaders?

Learning Components

This activity will help you achieve the following learning
components:

Identify fiscal performance goals and metrics.

Identify strategic objectives.

Identify the mission and goals of an organization.

Proofread and edit written communications.

Determine how specific equipment and services contribute to
organizational goals.

Apply the principles of effective composition.

Determine how a department, unit, or project aligns with the
mission and goals of an organization.

MSN6216 –
Advanced Finance and Operations Management

Unit 7 Discussion

New Product Launch

Discuss the relevance and importance of a business plan for
launching a new product or service line.

Why must nurse leaders be comfortable and competent in
creating business plans?

Describe two benefits of having a business plan prior to the
launch.

Why must nurse leaders assist the organization in making
strategic business decisions for new products or service lines?

Provide an example of a new product or service line that
would enhance patient care, and explain how a business plan strengthens the
proposal for that acquisition.

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the
assigned readings or other professional and scholarly literature, as
applicable, to support your position, substantiate a claim, or when referring
to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required
number of peers and use the word count stated in the FEM, preferably responding
to posts that have had few or no responses. Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following
questions:

Do you agree or disagree with your colleague’s position on
why nurse leaders must be competent in creating business plans? Why or why not?

What additional benefits of a business plan do you see as
important that you could share with your colleague?

What are the implications for the organization if nurse
leaders are not included in strategic decision making about a new product or
service line?

Learning Components

This activity will help you achieve the following learning
components:

Identify strategic objectives.

Proofread and edit written communications.

Apply the principles of effective composition.

Identify the mission and goals of an organization.

Determine the need for particular assets, equipment,
services, or goods.

Identify productivity goals.

Identify fiscal performance goals and metrics.

Determine how specific equipment and services contribute to
organizational goals.

Determine how a department, unit, or project aligns with the
mission and goals of an organization.

MSN6216 –
Advanced Finance and Operations Management

Unit 8
Discussion

Financial Accounting

Discuss the role of the nurse leader in financial accounting
and reporting processes in the organization.

How are audits planned and conducted in health care
budgeting and finance?

What challenges do you anticipate in the audit process?

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the
assigned readings or other professional and scholarly literature, as
applicable, to support your position, substantiate a claim, or when referring
to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required
number of peers and use the word count stated in the FEM, preferably responding
to posts that have had few or no responses. Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following
questions:

Do you agree with your colleague’s perspective on a nurse
leader’s role in financial accounting? Why or why not?

How does your colleague’s description of the auditing
process compare with your own experience or knowledge of the process?

Can you offer any suggestions for addressing potential
challenges or preparing for an audit?

Learning Components

This activity will help you achieve the following learning
components:

Determine the time period for cost recovery.

Determine the depreciation value of the capital assets,
equipment, services, or goods.

Apply the principles of effective composition.

Proofread and edit written communications.

DQ2 Reporting and Documentation

Your facility follows the Centers for Medicare and Medicaid
Services (CMS) standards of care and partners with this agency for
reimbursement, once its guidelines are documented as having been met. Your unit
is within the window for its CMS survey (inspection), and as the nurse leader
you are responsible for preparing your staff for the survey.

Consider your priorities. What key issues will you address
as you prepare your staff?

Does your institution partner with CMS in meeting core
measures?

Is the documentation related to meeting standards of care appropriate?

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the
assigned readings or other professional and scholarly literature, as
applicable, to support your position, substantiate a claim, or when referring
to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required
number of peers and use the word count stated in the FEM, preferably responding
to posts that have had few or no responses. Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider:

The influence of core measures in your own practice
environment.

The nurse leader’s accountability with regard to the survey
process.

Learning Components

This activity will help you achieve the following learning
components:

Define and describe financial goals.

Identify the sources of budgetary data and information.

Apply the principles of effective composition.

Proofread and edit written communications.

MSN6216 –
Advanced Finance and Operations Management

Unit 9
Discussion

Return on Investment

Return on investment (ROI) is a common measure of the
profitability of a capital project. Simply put, it is the ratio of benefits to costs.
The benefit realized from the investment is divided by the cost of that
investment. In this discussion, you will explore the concept of ROI from a
personal perspective to illustrate how financial decision makers consider a
major capital expenditure that you might propose.

The nursing profession is often viewed as a discipline that
offers opportunities to grow and reap potential benefits or rewards for both
the individual and the people to whom services are provided. In this context,
the ROI could be viewed as a comparison of the time and expense nurses invest
in continuing professional education and the benefits to patients that result
from changes in an organizational culture more focused on safety, positive
patient outcomes, or several other important aspects of health care.

Consider your role in your current practice setting:

Identify a major investment that you might make in your
professional growth and development, for example, new technology or equipment,
or perhaps further education of some type.

What might you expect as a fair return on your investment,
on both a personal and professional level, that would justify the cost?

What criteria might a particular health care organization or
service provider apply to evaluate the return on a capital investment?

Ensure that your discussion post is adequate in length by
following the requirements for postings found in the Faculty Expectations
Message (FEM). In addition, be sure to cite at least one source from the
assigned readings or other professional and scholarly literature, as
applicable, to support your position, substantiate a claim, or when referring
to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required
number of peers and use the word count stated in the FEM, preferably responding
to posts that have had few or no responses.Your responses are expected to be
substantive in nature. You are encouraged to ask questions, elaborate on a
particular point, offer an alternative viewpoint, or add comments that extend
or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following
questions:

How does your idea of an acceptable return on investment
compare to that of your colleague?

Can you offer any examples of ROI decisions that you have
experience with, or knowledge of?

Learning Components

This activity will help you achieve the following learning
components:

Determine a return on investment.

Determine the depreciation value of the capital assets,
equipment, services, or goods.

Determine the time period for cost recovery.

Calculate costs.

Determine the