Assignent Solutionnurs

For this Assignment you will calculate estimated expenses associated with a proposed new healthcare product or service. You will also estimate revenues and calculate a return on the proposed investment.
To Prepare
Reflect on the healthcare product or service solution you have proposed for your healthcare organization. Consider expenses (including start-up expenses and any capital expenditures) that will be required to implement your product or service.
Reflect on the estimated revenues (if any) that your proposed solution will generate. If your project does not generate a direct revenue source, consider cost avoidance, or cost savings as an alternate potential revenue source.
Reflect on the need for financing to meet the estimated expenses associated with your idea.
For each of the above, consult with your internal financial counselor as needed.
The Assignment: Estimating Expenses
Conduct an analysis of estimated expenses and revenues associated with your product or service idea by completing the following:
Part 1: Expense/Revenue/ROI Analysis:
Open your Excel Assignment Workbook and navigate to the “W4A3 Estimated Expenses” worksheet. Using the Healthcare Budget Request Guide for guidance, create a worksheet that records the following:
Each of the estimated expenses associated with your proposed idea, including startup expenses. Be sure to label each appropriately, with enough description to make it clear what the item is and what the estimated cost involves.
Each of the estimated revenues associated with your proposed idea. Be sure to label each appropriately, with enough description to make it clear what the item is and any necessary details regarding sources of revenues (including reimbursements).
Calculate the total estimated expenses and revenues for the next 5-year period.
Calculate the Return on Investment (ROI) for your proposed idea.
NOTE: You will copy your worksheet and analysis onto the Healthcare Budget Request Template (Word document) for submission.
Part 2: W4A3 Projected Expenses and Revenues (Five Year) Summary of Analysis and Interpretation of Results:
Create a brief (1- to 2-page) description of your analysis that clearly describes the estimated financial impact of your proposed idea. Interpret the results by explaining what your ROI calculation means to the organization. Place your analysis on the Healthcare Budget Request Template under the section titled W4A3 Projected Expenses and Revenues (Five Year).
By Day 7 of Week 4
Submit your Assignment.
Submission and Grading Information
To submit your completed Assignments, Parts 1 and 2, for review and grading, do the following:
Part 1: Please save your Assignment using the naming convention “W4A3_lastname_firstname.docx” as the name. *This is on the Healthcare Budget Request Template (Word document).
Part 2: Please save your Assignment using the naming convention “W4A3_lastname_firstname.xlsx” as the name. *This is on the Excel Assignment Workbook (Excel file).
Click the Week 4 Assignment Rubric to review the Grading Criteria for the Assignment.
Click the Week 4 Assignment link. You will also be able to “View Rubric” for grading criteria from this area.
Next, from the Attach File area, click on the Browse My Computer button. Find the document you saved as “W4A3_lastname_firstname.docx” and click Open. Repeat this with the “W4A3_lastname_firstname.xlsx”. Attach both files before submitting!
If applicable: From the Plagiarism Tools area, click the checkbox for I agree to submit my paper(s) to the Global Reference Database. *The plagiarism tool does not accept Excel files.
Click on the Submit button to complete your submission.
References
Learning Resources
Required Readings (click to expand/reduce)
American Nurses Association. (2015). Code of ethics for nurses with interpretive statements. Retrieved from https://www.nursingworld.org/coe-view-only
Note: Review all, with special attention on “Provision 6” (pp. 23–26).
Kelly, P., & Porr, C., (2018). Ethical nursing care versus cost containment: Considerations to enhance RN practice. OJIN: The Online Journal of Issues in Nursing, 23(1), Manuscript 6. doi:10.3912/OJIN.Vol23No01Man06. Retrieved from https://ojin.nursingworld.org/MainMenuCategories/ANAMarketplace/ANAPeriodicals/OJIN/TableofContents/Vol-23-2018/No1-Jan-2018/Ethical-Nursing-Cost-Containment.html
Milliken, A., (2018). Ethical awareness: What it is and why It matters. OJIN: The Online Journal of Issues in Nursing, 23(1). doi:10.3912/OJIN.Vol23No01Man01. Retrieved from https://ojin.nursingworld.org/MainMenuCategories/ANAMarketplace/ANAPeriodicals/OJIN/TableofContents/Vol-23-2018/No1-Jan-2018/Ethical-Awareness.html
Oliver, L. (n.d.). Cost savings and cost avoidance: Why you should know the difference. Retrieved March 10, 2020 from https://medium.com/@lianabeloliver/cost-savings-and-cost-avoidance-why-you-should-know-the-difference-2eb627965067
Document: Excel Assignment Workbook (Spreadsheet)
Document: Healthcare Budget Request Template (Word document)
Document: Healthcare Budget Request Guide (Word document)
Worksheets will be attached. My last assignment I got an 88% with comments that most formulas and answers were correct. I’d like to get a better result this time. Thanks