13 May finance week 1 discussion Brainstorming the Business Case
Brainstorming the Business Case
As a nurse, you may be accustomed to wearing many hats, including healthcare provider, educator, counselor, and confidant. The hat that may be a less familiar fit is that of “salesperson.”
A nurse’s drive to advocate for their patients often leads to the development of creative solutions to improve care. Bringing these solutions from idea to reality often requires the development of a business case, which will sell leadership on the idea. As any salesperson will advise, a key to an effective sales pitch is to clarify the benefits to the buyer.
An effective business case must clarify the benefits of the proposal, highlighting what is to be gained by the organization if the proposal is pursued. This often includes financial, competitive, and strategic benefits, among others.
For this Discussion, you share ideas for a healthcare product or service that addresses gaps or provides opportunities within your healthcare organization.
Resources
Be sure to review the Learning Resources before completing this activity.
Click the weekly resources link to access the resources.
WEEKLY RESOURCES
Learning Resources
Required Readings
Bright, S. and Beyt, G. (n.d.). Lessons in systems thinking: A tale from the land of middle health. Systems Thinker.Links to an external site. https://thesystemsthinker.com/lessons-in-systems-thinking-a-tale-from-the-land-of-middle-health/
LaMarco, N. (2019). What is the purpose of using a spreadsheet?Links to an external site. https://smallbusiness.chron.com/purpose-using-spreadsheet-54262.html
Walden University. (2023). Statistics skills in Microsoft ExcelLinks to an external site.. OASIS: Academic Skills Center. https://academicguides.waldenu.edu/academic-skills-center/microsoft-office/excel
Document: Excel Assignment Workbook (Spreadsheet)Download Excel Assignment Workbook (Spreadsheet)
Document: Healthcare Budget Request Guide (Word document)
To Prepare
Review this module’s Resources focused on business plans and systems thinking in healthcare organizations.
Identify one or more individuals within your organization to act as “finance counselor” with whom you can consult on financial and budget items, such as costing, estimating, and budget request processes.
With these thoughts in mind:
By Day 3 of Week 1
Post a statement describing at least one gap and/or opportunity for enhanced services or approaches within your healthcare organization. For each gap or opportunity, identify one possible solution, applying systems thinking to your approach. Be sure to address financial (including budgetary) impacts of your solutions, consulting as needed with your finance counselor.
By Day 6 of Week 1
Read a selection of your colleagues’ responses and respond to at least two of your colleagues on two different days and by critiquing the gap/opportunity/solution descriptions; by offering supporting ideas you believe your colleagues should address; or by offering alternative solutions to the issue or specific financial, budgetary, or other challenges you believe their approaches should address.
Note: For this Discussion, you are required to complete your initial post before you will be able to view and respond to your colleagues’ postings. Begin by clicking on the “Post to Discussion Question” link, and then select “Create Thread” to complete your initial post. Remember, once you click on Submit, you cannot delete or edit your own posts, and you cannot post anonymously. Please check your post carefully before clicking on Submit!
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