Rubric NURS 623 Signature Assignment:
Business Plan For a Nurse Led Ambulatory Clinic
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Criterion
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Exemplary
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Proficient
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Developing
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Needs Improvement
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Purpose/ need for clinic
(15%)
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15
Identifies the nursing clinic purpose specifying three components including the practice’s essence, how it will compete in the marketplace and be financially viable
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12
Identifies the nursing clinic purpose specifying two components including the practice’s essence, how it will compete in the marketplace and be financially viable
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10
Identifies the nursing clinic purpose specifying one component including the practice’s essence, how it will compete in the marketplace and be financially viable
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0-9
Purpose is vague without realistic marketplace analysis or financial viability strategies
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Business model/ Market and competition analysis
(10%)
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10
Selects a business model with rationale that is compatible with market and competition analysis- provides three examples
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8
Selects a business model with rationale that is compatible with market and competition analysis- provides two examples
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6
Selects a business model with rationale that is compatible with market and competition analysis- provides one example
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0-5
Business model selected lacks clarity or rationale that is compatible with market and competition analysis
-.
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Development plan and schedule
(10%)
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10
Create a development plan and schedule for one year, specifying how, what, when
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8
Create a development plan and schedule for one year, specifying two of these: how, what, when
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6
Create a development plan and schedule for one year, specifying one of these: how, what, when
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0-5
Development plan and schedule lacks clarity and specificity
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Operational plan
(SWOT analysis)
(10%)
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10
Create an operational budget specifying strengths, weaknesses, opportunities and threats
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8
Create an operational budget specifying three of these: strengths, weaknesses, opportunities and threats
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6
Create an operational budget specifying two of these: strengths, weaknesses, opportunities and threats
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0-5 (
Operational budget does not specify strengths, weaknesses, opportunities and threats
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Marketing plan
(10%)
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10
Formulate a unique selling proposition that considers: fit, media mix, extent of repetition, and affordability
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8
Formulate a unique selling proposition that considers three of these: fit, media mix, extent of repetition, and affordability
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6
Formulate a unique selling proposition that considers two of these: fit, media mix, extent of repetition, and affordability
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0-5
Marketing plan is vague and lacks consideration of fit, media mix, extent of repetition, and affordability
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Organizational plan
(10%)
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10
Identify the proposed team with an organizational chart and detailed descriptions of key team members, their qualifications, key skills, required experience and competencies
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8
Identify the proposed team with an organizational chart and detailed descriptions of key team members, three of these: their qualifications, key skills, required experience and competencies
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6
Identify the proposed team with an organizational chart and detailed descriptions of key team members, and two of these: their qualifications, key skills, required experience and competencies
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0-5
Team organizational chart does not flow correctly, descriptions of key team members, their qualifications, key skills, required experience and competencies lack clarity
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Financial plan
(10%)
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10
Develop the business strategy and goals of the new clinic; breakeven analyses; payer priorities; and what potential customers value and need
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8
Develop the business strategy and goals of the new clinic; and two of these: breakeven analyses payer priorities; and what potential customers value and need
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6
Develop the business strategy and goals of the new clinic; and one of these: breakeven analyses; payer priorities; and what potential customers value and need
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0-5
Business strategy and goals of the new clinic; payer priorities; and what potential customers value and need lack clarity
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Executive summary
(15%)
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15
Concise description of proposed practice including: mission, goals, objectives; target market and need; growth and service projections; and marketing priorities
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12
Concise description of proposed practice including three of these: mission, goals, objectives; target market and need; growth and service projections; and marketing priorities
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10
Concise description of proposed practice including two of these: mission, goals, objectives; target market and need; growth and service projections; and marketing priorities
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0-9
Description does not include relevant aspects
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Writing Style
(10%)
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10
The paper demonstrates that the author fully understands and has applied concepts learned in the course. Concepts are integrated into the writer’s own insights. The writer shows analysis and synthesis of ideas.
In-depth discussion & elaboration in all sections of the paper.
No spelling &/or grammar mistakes.
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8
The paper demonstrates that the author, for the most part, understands and has described concepts learned in the course. Some of the conclusions, however, are not supported in the body of the paper.
In-depth discussion & elaboration in most sections of the paper.
Minimal (<5) spelling &/or grammar mistakes.
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6
The paper demonstrates that the author, to a certain extent, understands and has defined concepts learned in the course.
The writer has omitted pertinent content or content runs-on excessively. Quotations from others outweigh the writer’s own ideas excessively.
Noticeable (5-10) spelling & grammar mistakes.
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0-5
The paper does not demonstrate that the author has fully understood, described, or defined concepts learned in the course.
Cursory discussion in all the sections of the paper or brief discussion in only a few sections.
Excessive (>10) number of spelling and/or grammar mistakes.
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Assignment:
Two of the four key messages from the 2011 IOM Landmark Report: The Future of Nursing: Leading Change, Advancing Health are:
Nurses should practice to the full extent of their education and training
Nurses should be full partners, with physicians and other health professionals, in redesigning health care in the United States
The transformation of healthcare provides nurses with the opportunity to practice to the full extent of their license. Keeping this in mind, you are planning to open a nurse led ambulatory clinic.
Identify a community in need of healthcare, a target population, a payor structure, and services to be provided.
Using the NY State Scope of Practice for NPs or DNPs or https://www.aanp.org/advocacy/new-york develop a business plan for this nurse led ambulatory clinic.
Key Elements of a Business Plan to include in your proposal (HEADERS for your paper)
Introduction and purpose/need for your clinic
Description of the business model you will use with market and competition analysis
Development Plan and Schedule – Project management
Operational Plan – SWOT analysis
Marketing Plan – your unique selling proposition
Organizational Plan – who are you? What do you do?
Financial Plan – what is the financial strategy and sustainable goals of the agency?
Executive Summary – describe your business including mission, vision, and target population
SUPPLEMENTAL READINGS
NURSE LED AMBULATORY CLINIC BUSINESS PLAN PROPOSAL AND PRESENTATION
Zero based budget for a chronic disease-management services
Used in new business to limit not necessary financial resources
Leads to improvement, Value is assess closely
Con: takes time, A cut can inflate and assess value might be a lot of work
Johnson, J., & Garvin, W. (2017). Advanced practice nurses: Developing a business plan for an independent ambulatory clinic practice. Nursing Economic$ 35(3), p. 126-141.
Business plan for an independent ambulatory clinichttp://nursing.utk.edu/wp-content/uploads/sites/36/2017/02/business-plan-sample-2.pdf
These components may include an executive summary, variety of service settings, type of services offered, patient population, market analysis, strategic management, and financial planning
Brandt, J., Reed Edwards, D., Cox Sullivan, S., Zehler, J., Grinder, S., Scott, K., Cook, J., Roper, D., Dickey, A., & Maddox, K. (2009). An evidence-based business planning process. Journal of Nursing Administration 39(12), p. 511-513.
Brown, L. (2019). Starting a nurse-owned business. American Nurse Today 14(6), p. 23-24.
Chan, R., Marx, W., Bradford, N., Gordon, L., Bonner, A., Douglas, C., Schmalkuche, D., & Yates, P. (2018). Clinical and economic outcomes of nurse-led services in the ambulatory care setting: A systematic review. International Journal of Nursing Studies, 81, p. 61-80.
The American Hospital Association report on data and trends in healthcare:
AHA 2022 ENVIRONMENTAL SCAN REPORT.pdf
US Small Business Association
https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan
J&J Nursing – Nurse Entrepreneur
https://nursing.jnj.com/specialty/nurse-entrepreneur
Listening
Podcast: See You Now
https://nursing.jnj.com/see-you-now-podcast/44-way-more-than-a-health-plan
Watching
Video: NURSES: Their Vital Role in Transforming Healthcare
https://www.youtube.com/watch?v=_s05qFON5EA
Writing a business plan for your nurse-led clinic
https://www.youtube.com/watch?v=h_dXKQGyrjk&t=309s
Death by Powerpoint: A Crash Course on Slide Design
https://www.youtube.com/watch?v=-U_HN7H8n8E