The APRN as Entrepreneur
Generate professional presentation in following areas:
Remember!!! This is not term or philosophical paper, info, info, info is most important factor. This paper will be used for professional presentation in different format! Facts in bullet points and notes to explain it all.
1.Introduction to topic, include introducing yourself, why this is important (one paragraph, short and straight to the point. I plan to be Family Nurse Practitioner in GA)
- Develop a business plan to start or manage a practice, identify SWOT analysis, marketing plan, key stakeholders, reimbursement, insurance issues, a solid budget plan (expense and revenue sheet). Example For any private office FNP can open in GA. (ex. Hydration clinic, or pain clinic). This part is biggest and most important.3.Construct an employment contract for an advanced practice nurse in your selected care setting. 3-4 slides with notes)) Be specific. Bullet points, notes. What should APRN ask for salary, vacation, Health insurance, dental, vision, long and short term insurance, professional development/education fees, professional journals, any others?
4.Compare the legal, ethical, and contractual considerations for APRN in the employment setting (2-3 slides).
Parameters
- Inclusive of references in presentation, and references then fully presented in final slide of presentation as a reference page (1-2 slides)
- Use APA for formatting
- Presentation should be minimally 25 slides, enough slides to appropriately cover material being presented ( reference slides not included)
Presentation is to be designed as if you, the ARPN, were seeking funding for starting your own clinic.
Presentation to include: Contract portion is to be designed as if student/APRN was seeking a position. What would an APRN want in the contract? Provide details within the contract about salary, insurances, benefits, duties, etc.
Type of clinic, clientele serving, location
Mission/vision statement
DETAILED budget analysis
Expense and revenue report Insurance and reimbursement: Provide information on expected revenue. What would an APRN charge for certain visits (sick versus health check), what is expected pay from insurance types (private, Medicare/Medicaid?)
Contract portion is to be designed as if student/APRN was seeking a position. What would an APRN want in the contract? Provide details within the contract about salary, insurances, benefits, duties, etc.
Paper info will be used for slides and notes to explain content, so straight to the point info. Can present in bullet points and notes to each topic. No philosophical discussions. Info and notes. Professor will be assessing analysis and synthesis of understanding of the content).
Sample Answer
Atlanta Pain Management Clinic Business Plan Presentation
Introduction
- Millions of people around the US suffer from chronic pain. The prevalence of chronic pain was 20.4% in the US in 2019 (CDC, 2020). Causes of pain are not always apparent among patients, with an initial evaluation and medical interventions being effective in relieving pain that might progress to become chronic among many patients. One of the primary roles of the family nurse practitioner (FNP) is to determine the health needs and problems of patients in a given population and provide interventions for such health needs and challenges. FNPs can therefore play a significant role in coming up with interventions to deal with chronic pain among populations (Mark & Patel, 2019).
- As chronic pain is one of the most significant public health challenges in Georgia, setting up a pain clinic in the state can therefore play an important role in fulfilling the healthcare needs of a substantial proportion of the population. This presentation provides a business plan for an FNP to set up a pain clinic in Atlanta, Georgia.
Type of Clinic, Clientele Serving, Location
- Healthcare practitioners, especially FNPs, bear the responsibility to evaluate and treat persistent pain as an adverse medical condition.
- The central role of a pain clinic is to help patients in the management or alleviation of chronic pain.
- The pain clinic will serve adults above the age of 40 as most of them struggle with chronic pain.
- Chronic pain prevalence 21.7% among women 30.8% among people above the age of 65 (CDC, 2020).
- The pain management clinic will be set up in Atlanta, Georgia.
- Atlanta, Georgia, has a significant population of women and a growing number of elderly people over the age of 65.
Notes: In contemporary times, chronic pain has continued to be a significant public health challenge as a result of the increasing prevalence in the American population. Healthcare practitioners, including family nurse practitioners, bear the responsibility to evaluate, diagnose and treat persistent pain among patients as an adverse medical condition. According to the CDC, chronic pain is most prevalent among women, with a 21.7% prevalence rate (CDC, 2020). Another group that is significantly affected by chronic pain is senior citizens above the age of 65 (CDC, 2020). As the region of Atlanta, Georgia has a significant population of women and elderly people above the age of 65, the establishment of a pain management clinic can go a long way in addressing their healthcare needs. Setting up a pain management clinic is, therefore, one of the ways in which an FNP can have a significant impact on the health of the population in Atlanta, Georgia.
Atlanta Pain Management Clinic: Mission
Mission
Our practice focuses on the delivery of personalized care and helping to improve the quality of life of our patients. We endeavor to make accurate and early diagnoses of chronic and acute pain disorders to reduce emotional, physical, financial, and lifestyle costs of pain. We collaborate directly with our patients to come up with ideal interventions and help both patients and their families to understand the cause of pain and ways they can manage it.
Notes: According to Rego et al. (2015), a mission statement describes the primary goals or objectives of an organization and its current state. The mission statement also provides details on what an organization does and how it does it, and who it does it for. The mission statement of the Atlanta pain management clinic, therefore, highlights clearly that the leading target group for the organization is individuals struggling with chronic pain. The mission statement also highlights that the Atlanta pain management clinic hopes to provide remedies for patients living with chronic pain through making an early and accurate diagnosis and providing ideal intervention to such patients.
Atlanta Pain Management Clinic: Vision Statement
Vision
Atlanta pain management clinic believes that pain relief is reasonably achievable in the 21st century and should be viewed as a human right. All Atlanta residents with chronic pain are therefore entitled to a quality of life that includes:
- Being empowered to manage their own Care
- Having access to high-quality care
- Social and workplace support related to pain
- Informed and respectful understanding of chronic pain
- Receiving training and education develop adequate skills to manage pain.
Notes: According to Rego et al. (2015), a vision statement describes what an organization hopes to become in the future, including its long-term goals. A vision statement guides the organizational direction and clearly highlights the purpose for the existence of an organization to all stakeholders, including employees. The vision statement of the Atlanta pain management clinic presents the long-term objectives of the organization, which include ensuring that patients with chronic pain have access to high-quality care. The Atlanta pain management clinic also intends to empower patients with chronic pain to manage their own care through training and education.
Atlanta Pain Management Clinic: Values
The following values will guide the Atlanta pain management clinic:
- Accessibility
- Accountability
- Excellence
- Person-centered
- Responsive
Notes: According to Rego et al. (2015), values help to build trust, commitment, and credibility and highlight what people should expect when dealing with different organizations. The Atlanta Pain Management Clinic will be guided by different values, including accessibility. The clinic will therefore be accessible to all patients suffering from chronic pain and all the other stakeholders through effective and transparent communication channels. The clinic will also present information in an easy-to-understand format that will highlight how patients and all stakeholders can contact us. Atlanta Pain Management Clinic will also be guided by the value of excellence. All patients visiting the clinic should therefore expect us to do our best and continually look for new and better ways to ensure the best outcomes for patients. Atlanta pain management clinic will thus foster a learning culture that will enhance continuous improvement. The clinic will also be guided by accountability. The clinic will therefore fulfill its roles in a transparent manner and always welcome any appropriate forms of scrutiny. The clinic will also always disclose any conflicts of interest in serving its purpose. Atlanta pain management clinic will also be sustained by the value of evidence-based. The clinic will therefore strive to ensure that all the interventions and information provided to patients as a remedy for persistent or chronic pain is up-to-date and based on evidence-based practice policies and current peer-reviewed medical science. The Atlanta pain management clinic will also enhance the value of responsiveness. In this regard, the healthcare facility will seek to provide timely assistance to all patients experiencing chronic pain and ensure that all the issues they raise are dressed. Finally, the Atlanta pain management clinic will foster a person-centered value. In this regard, the clinic will value and respect the experiences, abilities, and knowledge of patients with chronic pain and seek to always respond in ways that suit the specific needs, circumstances, and wishes of that patient. The Atlanta pain management clinic will therefore aim to achieve the best possible outcomes for each patient with chronic pain.
SWOT Analysis
A SWOT analysis is vital for different healthcare facilities, including small clinics and large medical facilities, as it helps in determining the main areas to focus on during marketing. Conducting a SWOT analysis of healthcare facilities can help to focus on specific areas that will produce the most benefits during marketing (van Wijngaarden et al., 2017).
Strengths
- Qualified staff
- Strategic Location
- Fair prices
- Familiarity with local culture
Notes: The Atlanta pain management clinic will be located at the heart of Atlanta, which will make it easily accessible and convenient to a significant proportion of elderly people and women living in Atlanta and the whole of Georgia. The strategic location of the clinic will therefore ensure that the facility has an adequate flow of patients that will sustain profitability. On the other hand, the Atlanta pain management clinic will have qualified staff who will fulfill all patient needs related to pain management. The Atlanta pain management clinic will also price its different services fairly to accommodate the patients paying out of pocket and also those paying through insurance. Being familiar with the local culture will also be a significant strength for the Atlanta pain management clinic. Having staff that comes from the local community will therefore ensure that patients receive culturally competent care and that all their health care needs are well understood.
SWOT Analysis CONTD.
Weaknesses
- Similar services to other competitors
- Difficulties recruiting specialized staff
- Limited financial resources
Notes: The Atlanta pain management clinic has numerous weaknesses. One weakness facing the clinic is having the same services as other competitors. In the Atlanta region, there are multiple pain management clinics that offer the same services as the Atlanta pain management clinic. Such competitors may therefore limit the prospects of growth for the Atlanta pain management clinic. Another weakness facing the pain management clinic is limited financial resources (van Wijngaarden et al., 2017). Having a single proprietor will therefore make Atlanta pain management clinic susceptible to financial shortages that may affect the introduction of a wide range of technologies to treat patients with chronic pain. Another significant challenge facing Atlanta pain management clinics is the difficulty in recruiting specialized staff. The recruitment process for specialized workers in the pain management clinic is expensive and time-consuming. Atlanta pain management clinic may struggle to replace staff in case of turnovers or find new staff during expansion. This can, therefore, greatly hinder the growth of the pain management clinic in the future.
