Professional Context

As a Master’s level health care practitioner you may be expected to  create budget and implementation plans to ensure that economic  opportunities for the organization are rolled out successfully and can  be sustained over multiple years. Additionally, it is important to be  able to envision how an economic initiative could be used for different  contexts and purposes to keep the investment a viable and positive asset  to your organization or care setting.

Scenario

The senior management members have sent you their thanks and notes  on your feasibility study for your proposed economic initiative. They  have determined that your proposal has the potential to benefit the  organization in both the short and long term. The last step in this  process is to complete a thorough implementation plan for your proposed  initiative. This plan will need to include a budget of relevant expected  material, staffing, and capital costs over the first five years of the  initiative (see the Resources for some examples and guides about budget  planning), as well as projected earnings from the initiative for the  care setting. You must also include a plan and timeline for rolling the  initiative out, an analysis of how it may impact other aspects of the  care setting, an explanation how it can remain viable in the face of  environmental changes, and sufficient relevant supporting evidence.

Instructions

In your 7-8 page plan, you have been asked to be sure to address the following. Note:  The bullet points below correspond to grading criteria in the scoring  guide. Be sure your work is, at minimum, addressing each of the bullets  below. You may also want to read the scoring guide and the Guiding  Questions: Implementation Plan for a New Economic Opportunity document  to better understand the performance levels that relate to each grading  criterion:

• Create a budget for relevant expected costs and earnings or  benefits over the first five years of your proposed economic initiative.
• Propose a plan to roll out your economic initiative that will  enable your care setting to successfully implement it in an ethical and  culturally equitable way that will ensure achievement of quality or  service improvements.
• Analyze how your proposed initiative, once implemented, may  impact other aspects of your care setting and ways in which negative  impacts could be mitigated.
• Explain strategies you have integrated into your proposed  economic initiative that will ensure it can remain a viable asset to  your care setting in the face of dynamic environmental forces.
• Justify the relevance and value of the quantitative and  qualitative economic, financial, and scholarly evidence you used to  support your recommendations throughout your plan.
• Communicate your business and implementation plan in a logically  structured and concise manner, writing content clearly with correct use  of grammar, punctuation, and spelling.
• Effectively support your plan and recommendations with relevant  economic data and scholarly sources, correctly formatting citations and  references using current APA style.

Example assignment: You may use the assignment example,  linked in the Resources, to give you an idea of what a Proficient or  higher rating on the scoring guide would look like.

Requirements

• Length of paper: 7-8 double-spaced, typed pages (not including title page and reference list). Your paper should be succinct yet substantive.      
  • Be sure to include a separate title page and reference list.
  • Your completed budget plan should be included as an appendix within your final submission.
• APA formatting: Resources and citations are formatted according to current APA style.
• Resources: Cite a minimum of 3–5 authoritative  and scholarly resources. Be sure to include specific economic data and  support as part of your cited resources.
• **I HAVE ATTACHED THE BUDGET PREPARATION WORKSHEET, WHICH ALSO NEEDS TO BE COMPLETED**