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NURS FPX 8010 Assessment 3 Strategic Plan Development

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    NURS FPX 8010 Assessment 3 Strategic Plan Development

    Student Name

    Capella University

    NURS-FPX 8010 Executive Leadership in Contemporary Nursing

    Prof. Name

    Date

    Strategic Plan Development

    The incorporation of the nursing department into Adelante Healthcare represents a recent response to the escalating demand for nursing services. This department is positioned for expansion and operational restructuring. In order to ensure the delivery of high-quality and cost-effective care, a specific strategic plan and balanced scorecard have been devised for the nursing department (see Figure A1). According to Lal (2020), a robust nursing strategic plan functions as a roadmap for the future, offering guidance and revitalizing the organization. Adelante’s strategic plan encompasses four primary domains: finance, wellness, people, and patients.

    In the finance domain, the nursing department’s strategic priority aligns with the organization’s goal to increase revenue. Accordingly, the focus is on developing and implementing programs, such as the transition of care, to support indirect revenue generation. In the wellness category, Adelante emphasizes wellness outcomes and quality metrics. The nursing department prioritizes optimizing evidence-based practices to positively impact patient throughput across the care delivery model.

    Patient satisfaction is a key performance indicator (KPI) within the patient domain on Adelante’s balanced scorecard. To align with this, the nursing department aims to enhance nursing practices, emphasizing patient-centric models of care delivery and staff engagement. In the people domain, employee retention is crucial for Adelante. The nursing department strategically aligns with this by prioritizing structural empowerment and growing nursing professional practice through professional governance and shared leadership. Additional details on KPIs for the nursing department’s strategic plan are provided in Figure A2.

    NURS FPX 8010 Assessment 3 Strategic Plan Development

    These priorities are significant as they span across all domains of the strategic plan, impacting various areas. The focus on professional practice enhancement and evidence-based care reaches both the patient and nursing populations, elevating practice standards throughout the organization. Prioritizing patient-centric care model delivery and throughput promotes interdepartmental collaboration and involves patients in improving their experiences. Additionally, the development and implementation of indirect revenue-generating programs have implications for the finance domain, indirectly influencing patient safety, quality, satisfaction, staff engagement, and empowerment, ultimately contributing to a strong organizational reputation within communities.

    While these priorities are expected to be achieved over the next 6 months, pending budget approval poses a current obstacle. The nursing department may face limitations in staffing and may need creative solutions based on the approved budget. Gaining buy-in from stakeholders across Adelante’s nine locations is another challenge, but enlisting support from executive sponsors and regional medical directors could facilitate smoother implementation.

    Effects of Organizational Policies

    The balanced scorecard serves as a common language and framework, ensuring alignment of goals and highlighting collaboration opportunities between departments (Wanga, 2022). Regular policy review and revisions are crucial to align strategic plans and balanced scorecards with organizational policies. At Adelante, recent policy reviews indicate no current policy-based challenges. However, as a newer department, growing pains may arise, necessitating ongoing policy reviews and adjustments to address unforeseen challenges.

    Conclusion

    Strategic planning and the implementation of balanced scorecards are essential tools for aligning organizational initiatives and departmental projects. Adelante Healthcare’s nursing department has developed a specific strategic plan and balanced scorecard aligned with the organizational strategy plan. While the outlined priorities are expected to be achieved over the next 6 months, the department acknowledges potential growing pains and unseen challenges. Regular policy reviews are recommended to ensure alignment and address any emerging challenges. Ultimately, the application of the nursing department’s strategic plan and balanced scorecard aims to achieve equilibrium across disciplines and optimize Adelante’s organizational growth (Stefanovska & Soklevsk, 2014).

    References

    Dilrajh, A. (2020, May 22). A few advantages of implementing the BSC in your organization. Vision Activ. Retrieved October 12, 2022, from https://www.visionactiv.com/post/a-fewadvantages-of-implementing-the-bsc-in-your-organisation

    Lal, M. Maureen DNP, MSN, RN. (2020). Why You Need a Nursing Strategic Plan. JONA: The Journal of Nursing Administration, 50(4), 183-184. doi: 10.1097/NNA.0000000000000863

    Miller, K. (2020, February 25). A manager’s guide to successful strategy implementation: HBS online. Business Insights Blog. Retrieved October 12, 2022, from https://online.hbs.edu/blog/post/strategy-implementation-for-managers

    Stefanovska, L., & Soklevsk, T. (2014). Horizon Research Publishing | Home. Retrieved October 12, 2022, from https://www.hrpub.org/

    Taylor, A. (2019, July 23). How to generate buy-In for your strategic plan. Strategic Planning Consultant. Retrieved October 11, 2022, from https://www.smestrategy.net/blog/5-stepsto-increase-buy-in-with-your-strategic-plan

    Wanga, E. O. (2022, September 12). The Balanced Scorecard in healthcare: Everything you need to know. Experience Care: Long-Term Care EHR & Financial Software Solutions. Retrieved October 11, 2022, from https://experience.care/blog/the-balanced-scorecard-inhealthcare/

    NURS FPX 8010 Assessment 3 Strategic Plan Development