NHS FPX 8010 Assessment 2 Strategic Plan Appraisal
NHS FPX 8010 Assessment 2 Strategic Plan Appraisal
Description
Write a 4–5 page critical appraisal of an organization’s strategic plan from the perspective of a nurse executive, taking into consideration the organization’s mission, vision, and other contextual factors.
A strategic plan is constructed from a clear, well-articulated vision and a comprehensive environmental scan. An analysis of the internal and external environments provides a clear picture of the current state and the potential hurdles to overcome in reaching the desired future state. Leaders can then establish goals and objectives that are specific, measurable, acceptable, realistic, timely, and rewarding.
Strategic objectives balance short-term and long-term opportunities and consider the needs of all key stakeholders. From the objectives flow the strategies and tactics for achieving the goals. Building skill in strategic planning positions the DNP nurse as one who makes things happen.
This assessment provides an opportunity for you to critically examine an organization’s strategic plan. An understanding of the organization’s vision, mission, and strategic priorities is crucial to departmental strategic planning that aligns with, and supports, organizational priorities.
Demonstration of Proficiency
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
- Competency 1: Analyze organizational priorities at the system level.
- Analyze an organization’s strategic plan.
- Evaluate the validity of data and analytical strategies used to develop organizational priorities.
- Explain how input from stakeholders might have been elicited and incorporated into the development of strategic priorities.
- Create a balanced scorecard for an organization.
- Competency 5: Address assessment purpose in effective written or multimedia presentations, incorporating appropriate evidence and communicating in a form and style consistent with applicable professional and academic standards.
- Articulate meaning relevant to the main topic, scope, and purpose of the prompt.
- Apply APA formatting to in-text citations and references.
Preparation
For Assessments 2, 3, and 4, you will appraise an organizational strategic plan, develop a departmental strategic plan, and propose a quality improvement initiative, respectively. The choice of health care setting as the context for this work is up to you. You may choose the organization in which you currently work, an organization in which you worked previously, or an organization about which you would like to learn more. You will use this health care organization, and a department or division within the organization, as the basis for the remaining assessments in this course.
After choosing your organization, obtain a copy of the organization’s strategic plan. Most large health systems post their strategic plans, visions, and missions on the Internet.
Note: Remember that you can submit all or a portion of your draft appraisal to Smarthinking for feedback, before you submit the final version for this assessment. If you plan on using this free service, be mindful of the turnaround time of 24–48 hours for receiving feedback.
Instructions
Write a critical appraisal of the organization’s strategic plan. Identify strategic priorities and orient yourself to the key performance indicators (KPI) the organization uses to drive quality.
Note: Lessons learned from your appraisal will inform your work in Assessments 3 and 4.
Appraisal Format and Length
Format your document using APA style.
- Use the APA Style Paper Template [DOCX]. An APA Style Paper Tutorial [DOCX] is also provided to help you in writing and formatting your appraisal. Be sure to include:
- A title page and references page. An abstract is not required.
- A running head on all pages.
- Appropriate section headings.
- Your appraisal should be 4–5 pages in length, excluding the title page and references page.
- Use the following section headings to ensure thorough content coverage and flow.
- Strategic Plan Analysis.
- Validity of Data and Analytical Strategies.
- Stakeholder Input.
- Balanced Scorecard Perspective.
Evaluation
The following tasks correspond to the grading criteria in the assessment scoring guide, so be sure to address each point. Read the performance-level descriptions for each criterion to see how your work will be assessed.
- Analyze an organization’s strategic plan.
- Approach your analysis from a systems perspective.
- What priorities appear to take precedence?
- How well do the priorities align with the mission and vision of the organization?
- Evaluate the validity of data and analytical strategies used to develop organizational priorities.
- What data was most likely used to develop key performance indicators (KPIs)?
- For example: patient satisfaction data, 30-day readmission data, other internal performance indicators or external regulatory measures.
- What was the source of the data?
- For example: Centers for Medicare and Medicaid Services (CMS), internal data, public health data, financial data.
- What data was most likely used to develop key performance indicators (KPIs)?
- Explain how input from stakeholders might have been elicited and incorporated into the development of strategic priorities.
- For example, strategic priorities can be developed by the board of directors, elicited from employee focus or patient advocacy groups, or derived from a combination of these approaches.
- You may need to interview an organizational stakeholder for this information. If this information is unavailable to you, identify the stakeholders you would approach for their inputs.
- Create a balanced scorecard for an organization.
- Use four standard balanced scorecard domains: 1) financial, 2) customer, 3) internal processes, and 4) learning and growth.
- Are the organization’s strategic priorities balanced, or do one or more priorities receive more emphasis than the others?
- Articulate meaning relevant to the main topic, scope, and purpose of the prompt.
- Write with a specific purpose and audience in mind.
- Adhere to scholarly and disciplinary writing standards.
- Proofread your writing to minimize errors that could distract readers and make it more difficult for them to focus on the substance of your appraisal.
- Apply APA formatting to in-text citations and references.
NHS FPX 8010 Assessment 2 Strategic Plan Appraisal
Strategic Plan Analysis
Life Care Focal point of America has more than 25 completely functional Medical services habitats all through the US. This partnership was The Existence Care Focuses of America story started in 1970 when Nursery Porch Gaining strength Center, presently Life Care Focus of Cleveland, was underlying Cleveland, Tennessee. With a profoundly prepared staff of caring partners and a wonderful structure looking like a home climate in excess of a customary nursing home, Life Care left on its over 40-years of involvement with care – with a steady spotlight on the occupant as the most elevated need and extended rapidly. They serve the more seasoned grown-up local area and for the most part in underserved regions. Medical services offices need to plan of time for changes and plans.
NHS FPX 8010 Assessment 2 Strategic Plan Appraisal
The objectives and mission helps in essential arranging including the new brilliant objectives and get-together data from the cooperative group. My objective with this task is to layout and survey Life Care focuses smart course of action for the following five years considering the above data. Life care Focuses statement of purpose is “focused on being the top long haul medical services supplier. It is our craving to be the office of decision locally in which we work” (Life Care Focuses of America). In association inside their statement of purpose, their vision for the organization is “We trust in the occupant focused way to deal with care in which the absolute necessities of the occupants are met.
The occupant’s family is urged to turn out to be very familiar with the middle in addressing the occupant’s necessities” (Life Care Focuses of America). While inspecting their ongoing well thought out course of action for the organization, maybe one or two sections developed. The region with the most interest is the yearly brilliant course of action and involving the subject of Building new foundation for the development of organizations and networks which will serve for around a decade. We are looking both at the long term and ten-year plans for the association. There are numerous regions for development however generally shows restraint care and making a spot for individuals to feel really focused on while making areas of strength for a work environment for representatives. While taking a gander at subjects and development, we will zero in on growing a superior spot for patients, driving with advancement and keep on showing the local area how significant we take our business and reason. Local area contribution is pivotal in the advancement of the arrangement as help. The objective is to take their ongoing foundation and keep on developing from it utilizing the mission and vision of the organization. Finally, working with the nursing regulatory group in working on the general patient consideration and fulfillment scores.
While talking about the critical drives for 2023, we are taking a gander at the consistency standards of staff, improvement of initiative and monetary program which are not obviously not introduced. The arrangement that shows the smart course of action record as it is very occupied and not durable. Medical organizations rush to figure out the monetary point of view and achievement yet struggle with accomplishing it (Michelson, 2022). While seeing the long term plan, the objectives and mission in all actuality do go together in giving remarkable consideration to their local area individuals they serve. The well thought out course of action frames the interaction and model to help with the local area changes and development potential.
While inspecting the organizations momentary drives, it upholds their central goal and foundation to help their arrangement. In fostering an exhaustive synopsis and examination of their arrangement, I would agree that that life Care Focuses plans are efficient, composed and thought out however need to zero in on better relational abilities inside their association to upgrade improved results.
Validity of Data and Analytical Strategies
When deciding to see if your organization’s effectiveness is optimal, we have to make sure that the objectives go hand in hand with your plan and ho it will be executed. To hit the targets that were set with the team, evaluation is constant and making sure you are up to date with resources and the team is a collaboration of all departments (Contributor, 2020). When educating your team on (KPI), which are the key performance indicators, make sure that data is being gathered from surveys, financial reports and the electronic medical records system. One of the company’s goals for their five year is to become a top recognized health care system. Life Care Center plans to accomplish this by expanding to more communities and increasing their revenue by 45% which was a plan after seeing their financial reports and patient demographics which made them see the opportunity. Life Care Center is aiming for 2026 to be fully integrated with all health care service and seeing a revenue increase of 350,000,000 and 250,000 census for patients. The company will continue annual reviews of all financial reports and data.
NHS FPX 8010 Assessment 2 Strategic Plan Appraisal
Stakeholder Input
Correspondence with partners is pivotal and the significance of information to help the brilliant course of action to show the business result. They actually should comprehend where the organization stands monetarily and where they are going from here on out. The supervisory group are additionally viewed as partners. We want to persuade partners that we are a legitimate and monetarily solid organization and persuade them by introducing the activity plan. Life Care Center does a gathering that most recent multi week and is ordered of organization group and chief initiative group, and they examine the plans and objectives alongside the ideal results for the association. The arrangement should be endorsed and embraced to be executed.
Joint effort is significant as they will all examine the plans in that week and see what new drives or plans for the organization.
Balanced Scorecard
Adjusted score card is significant thing of the well thought out plan which obliges the key exhibition marks of Life Care Center which is monetary, patient fulfillment and the development. While knowing how to adjust the scorecard, you want to take the top exhibition marker will certainly stand out enough to be noticed, etc. Life Care Center keeps on dealing with the card and on the off chance that the center objective to one region, it could influence others which will prompt n unequal scorecard and requirements to keep on guaranteeing the masterful course of action goes as expected.
Conclusion
While examining on the best way to make a brilliant course of action for a medical organization, there are a large number that are engaged with the cycle. We want to take a gander at the organizations’ objectives, mission, earlier years plans, information, patient statistics and correspondence plans. Life care focuses plans lines up with it mission and plan. Their brilliant objectives likewise line up with their vision. The organization will go on with week by week reviews and a yearly gathering and make changes depending on the situation. The partners keep on having their gathering for new inventive thoughts and keep on adjusting their objectives to increment income. It is ideal to meet quarterly to examine progress and guarantee the smart courses of action lines up with future objectives (Bolman and Terrence, 2017).
NHS FPX 8010 Assessment 2 Strategic Plan Appraisal
References
About Us. Lifecare Center. (2023, January 23). Retrieved January 23, 2023, from https://lifecarecenter.com/about-us
Bolman, Lee G., and Terrence E. Deal. Refraining Organization’s: Artistry, Choice, and Leadership, John Wiley & Sons, Incorporated, 2017. ProQuest eBook Central, https://ebookcentral-proquest-com.library.capella.edu/lib/capella/detail.action? docID=4883027
Contributor, C. (2020, December 1). Strategy effectiveness. Small Business-Chron.com Retrieved January 23, 2023, from https://smallbusiness.chron.com/startegy-effectiveness-76012.html
Michelson, D. (2023, January 23). What strategic planning benefits hospitals & healthcare systems in 2019. Strata Decision Technology. Retrieved January 23, 2023, from https://www.stratadesicion.com/healthcare-and-hospital-startegy-planning/.
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Initial responses to the DQ should address all components of the questions asked, including a minimum of one scholarly source, and be at least 250 words. Successful responses are substantive (i.e., add something new to the discussion, engage others in the discussion, well-developed idea) and include at least one scholarly source. One or two-sentence responses, simple statements of agreement or “good post,” and responses that are off-topic will not count as substantive. Substantive responses should be at least 150 words. I encourage you to incorporate the readings from the week (as applicable) into your responses.
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Your initial responses to the mandatory DQ do not count toward participation and are graded separately. In addition to the DQ responses, you must post at least one reply to peers (or me) on three separate days, for a total of three replies. Participation posts do not require a scholarly source/citation (unless you cite someone else’s work). Part of your weekly participation includes viewing the weekly announcement and attesting to watching it in the comments. These announcements are made to ensure you understand everything that is due during the week.
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Familiarize yourself with the APA format and practice using it correctly. It is used for most writing assignments for your degree. Visit the Writing Center in the Student Success Center, under the Resources tab in Loud-cloud for APA paper templates, citation examples, tips, etc. Points will be deducted for poor use of APA format or absence of APA format (if required). Cite all sources of information! When in doubt, cite the source. Paraphrasing also requires a citation. I highly recommend using the APA Publication Manual, 6th edition.
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I discourage over-utilization of direct quotes in DQs and assignments at the Master’s level and deduct points accordingly. As Masters’ level students, it is important that you be able to critically analyze and interpret information from journal articles and other resources. Simply restating someone else’s words does not demonstrate an understanding of the content or critical analysis of the content. It is best to paraphrase content and cite your source.
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