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Business Plan Template

Content type

User Generated

Subject

Nursing

School

Grand Canyon University

Type

Homework

Uploaded By

qbhtc758

Pages

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BUSINESS PLAN TEMPLATE

WHAT + HOW + WHO

What problem

are you trying

to solve?

What is the

purpose of your

initiative?

The problem of abnormal paps being missed or forgotten to be followed up on

when they have been recommended for further testing, such as colpo’s.

To implement the use of EHRs

What are the

benefits you are

trying to create

Improved quality of healthcare services in terms of reduced medical errors in

the nursing department.

Increased return on investment.

HOW

do we solve it?

By implementing the use EHRs to replace the current Paperchart System

Who are the

respective

beneficiaries of

those benefits?

The business plan will benefit both the patients and the organization in terms of

improved quality of healthcare services provided as well as increased ROI

WHY

Why Plan is a

Good Return

on Investment

for the

Organization

The plan will increase return on investment in terms of an increase in the number

of new active patients.

REVENUE

INCOME

STREAMS

Out-of-pocket payments from patients.

Payment from Medicare and Medicaid.

Grant Funding.

SITUATIONAL

ANALYSIS (SWOT)

INTERNAL FACTORS

STRENGTHS ( + )

WEAKNESSES ( – )

Motivated and well-trained nurses and

clinician

Use of outdated technology; Paper chart system.

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EXTERNAL FACTORS

OPPORTUNITIES ( + )

THREATS ( – )

New technology; EHRs technology to

replace its Paperchart system.

New/Increased competition from well-established

healthcare systems.

Summary of How Business Plan Is Beneficial for the Organization

The healthcare organization is faced with the challenge of inaccurate results during the

testing, diagnosis, and treatment of patients. The current paper chart system is associated with

abnormal paps being missed or forgotten to be followed up on when they have been

recommended for further testing, such as colpo. This calls for the replacement of its paper chart

system with Electronic Health Record Systems. The application of the EHR System will solve

this problem by alerting nurses of any abnormal results on the patient. The business plan seeks to

implement the use of EHR systems to provide solutions to the above problem. Implementation of

an EHR system will be of significant benefit to the organization in terms of increased return on

investment for the organization.

The implementation of this technology will benefit both the patients and the organization.

Patients will benefit in terms of improved quality of healthcare services provided. EHR ensures

the information about patients at the point of care is accurate, up-to-date, and complete. It also

ensures access to patient's records is quicker for efficient use. Improved quality of healthcare

services will also be guaranteed as HER will ensure reduced medical errors as well as effective

diagnosis and treatment of patients. The patients will therefore benefit in terms of better health

and better healthcare. The organization, on the other hand, will benefit in terms of increased

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1 BUSINESS PLAN TEMPLATE What problem are you trying to solve? WHAT + HOW + WHO What is the purpose of your initiative? What are the benefits you are trying to create To implement the use of EHRs Improved quality of healthcare services in terms of reduced medical errors in the nursing department. Increased return on investment. HOW WHY do we solve it? REVENUE By implementing the use EHRs to replace the current Paperchart System Who are the respective beneficiaries of those benefits? The business plan will benefit both the patients and the organization in terms of improved quality of healthcare services provided as well as increased ROI Why Plan is a Good Return on Investment for the Organization The plan will increase return on investment in terms of an increase in the numbe of new active patients. INCOME STREAMS Out-of-pocket payments from patients. Payment from Medicare and Medicaid. Grant Funding. ANALYSIS (SWOT) SITUATIONAL The problem of abnormal paps being missed or forgotten to be followed up on when they have been recommended for further testing, such as colpo’s. INTERNAL FACTORS STRENGTHS ( + ) Motivated and well-trained nurses and clinician WEAKNESSES ( – ) Use of outdated technology; Paper chart system. 2 EXTERNAL FACTORS OPPORTUNITIES ( + ) New technology; EHRs technology to replace its Paperchart system. THREATS ( – ) New/Increased competition from well-established healthcare systems. Summary of How Business Plan Is Beneficial for ...
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