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Executive Brief: Proposal for New Economic Opportunity

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Executive Brief: Proposal of New Economic Opportunity

Medical services at Primus Health Care Center are dedicated to being the best available. To better manage the growing number of cancer patients, the institution has taken the initiative to build a cancer center. Patients will be able to receive high-quality care with minimal disruptions thanks to the planned construction and installation of chemotherapy and radiotherapy equipment. The cancer center will make it simple to give each patient the individualized care they need during treatment. With the town’s lone cancer center now open, patients won’t have to spend as much time in the emergency room. The treatment of cancer patients will become more streamlined as a result.

Outcomes of Starting a Cancer Centre

Primus Medical Center offers high-quality care. The center’s investigations and cutting-edge medical technologies will help doctors better treat patients. With the cancer center, the hospital can better serve its patients and provide high-quality medical care to everyone who need it (Cassetta & Kitamura, 2018). Focusing on patient convenience will help the cancer center improve care. Every level of treatment will receive more attention. The cancer center will increase the hospital’s revenue relative to its operational expenditures. The center’s simplified procedures ensure cutting-edge cancer treatment. This arrangement benefits patients and doctors. Hospitals can accept more patients per day if they cut wait times, which enhances patient care (Croyle et al., 2019). Due to patient care needs, the center will need more workers.

Factors Influencing a Cancer Center Setup

Growing cancer patient numbers have influenced the center’s design. The hospital’s location and surroundings highlight the lack of local cancer centers and the necessity for a fully-equipped center. 24-hour availability and 100 beds ensure patient convenience. As it helps patients recover, the hospital’s revenue should rise. The first investment of $520,000 will include building materials, equipment, and furniture. Hospital will contribute $200,000, with bank funding rest. This amount will make the facility the primary choice for treating the condition. The hospital expects to treat 100 patients every week at $300 each. The hospital will see a return in three years, making this project realistic.

Analysis of Demand and Supply for the Cancer Center

In recent years, the hospital has struggled to treat cancer patients. After the cancer center is established, most of the community’s cancer patients will go there, boosting earnings (Lin et al., 2019). Improving the center’s services will help meet demand. Since this is the only facility of its kind in the area, most cancer patients should use it to reduce their health risks. Fewer ER patients equals more time to care for those who do arrive (Lin et al., 2019). The cancer center is the go-to facility for diagnosis and rehabilitation because it spares no expense. If more individuals use the center, the community will support its opening.

Conclusion

The hospital’s emergency room and patients will profit from the cancer center’s development since it will minimize wait times. The cancer center will have the newest technologies to meet local requirements. It will improve patient treatment. The community can get accurate diagnosis, and the hospital can earn more money. The hospital can soon repay the bank’s loan.

References

Cassetta, L., & Kitamura, T. (2018). Macrophage targeting: opening new possibilities for cancer immunotherapy. Immunology, 155(3), 285-293. https://doi.org/10.1111/imm.12976

Croyle, R., Morgan, G., & Fiore, M. (2019). Addressing a core gap in cancer care: the NCI Cancer MoonshotSM initiative to help oncology patients stop smoking. The New England journal of medicine, 380(6), 512. https://dx.doi.org/10.1056%2FNEJMp1813913

Lin, O., Rudomina, D., Feratovic, R., & Sirintrapun, S. J. (2019). Rapid on‐site evaluation using telecytology: a major cancer center experience. Diagnostic cytopathology, 47(1), 15-19. https://doi.org/10.1002/dc.23925

Instructions

Develop a thorough 6 oage implementation plan for the economic initiative you proposed in Assessment 1. Your plan must include a budget for material, staffing, and capital costs over the first five years of the initiative, as well as projected earnings. In addition, include:

· A plan and timeline for rolling out the initiative.

· An analysis of how the initiative may impact other aspects of the organization or care setting.

· An explanation how the initiative can remain viable in the face of environmental changes.

· Sufficient relevant and credible supporting evidence.

· Create a budget for expected costs and earnings over the first five years of your proposed initiative.

. What are the expected material, staffing, and capital costs of your proposed initiative over its first five years?

. What are the projected earnings for your organization or care setting over the first five years of your economic initiative?

. How does this budget take into account the findings and feedback you received on your business case?

. What assumptions are you basing your budget on?

· Create an implementation plan for your proposed initiative that enables achievement of quality or service improvements in an ethical and culturally equitable way.

. Did you create a timeline for the rollout?

. How will you work with relevant stakeholders to ensure that your economic initiative is implemented successfully and sustained?

. How will you ensure that the rollout is conducted in an ethical and culturally equitable manner?

. How will you ensure that the desired quality or service improvements your economic initiative will achieve are on track during and after implementation?

· Analyze the impact of your proposed initiative, once implemented, on other aspects of your organization or care setting and ways in which negative impacts could be mitigated.

. What other aspects of your organization or care setting may be positively or negatively impacted by the implementation of your proposed initiative?

. How will these other aspects of your organization or care setting be affected? (For example, increased workload on a testing department, borrowing of staff hours from another part of the care setting, or better communication with the community.)

. How could you mitigate at least some of the negative effects on other aspects of your organization or care setting?

· Explain your strategies for ensuring that your proposed initiative can remain a viable asset to the organization or care setting in the face of dynamic environmental forces.

. What are the environmental risks to your economic initiative?

. How could your initiative, or aspects of it, still be a viable benefit to your organization or care setting if the environment shifts in unpredictable ways?

. What strategies would you propose implementing to keep all, or a portion of, your initiative a viable net benefit to your organization or care setting?

· Justify the relevance and significance of the quantitative and qualitative economic, financial, and scholarly evidence you used throughout your plan to support your recommendations.

. How is the evidence relevant to your organization or care setting?

. How is the evidence relevant to your proposed economic initiative?

. How does the evidence illustrate a solution that has been successful in the past?

. How does the evidence illustrate that a recommendation is the best course of action for your situation and organization or care setting?

· Write concisely and directly, using active voice.

. Proofread your document before you submit it to minimize errors that could distract readers and make it more difficult for them to focus on the substance of your implementation plan.

· Adhere to the rules of grammar, usage, and mechanics.

ADDITIONAL REQUIREMENTS

Your assessment should also meet the following requirements:

. Format: Format your implementation plan using current APA style. A title page and references page. An abstract is not required.

. A running head on all pages.

. Appropriate section headings.

· Length: Your implementation plan should be 6 pages in length, not including the title page and references page.

· Supporting evidence: Cite 3–5 authoritative and scholarly resources to support your implementation plan. Be sure that your sources include specific economic data.