Business in Nursing

Business in Nursing
The nursing profession is a vibrant and fast-increasing, with many chances for people interested in pursuing a career in business in nursing. As nursing evolves, nurses are expected to lead and manage healthcare organizations. Nursing is special. It can prepare you to become a nurse entrepreneur and open opportunities for business.
Nurses develop good critical thinking, communication, time management, organizational, and conflict resolution abilities. Keep reading this blog if you’ve been thinking about leaving bedside nursing but still want to use your skills and knowledge.
Definition of business in nursing
The application of business principles and management approaches in nursing is referred to as business in nursing. It oversees nursing practice, healthcare policies, hospitals, clinics, and nursing homes.
Business in nursing also includes healthcare financing, marketing, and human resource management. It is a crucial part of healthcare since it helps to guarantee that patients receive efficient and effective care.
Business plan in nursing
Follow the following steps to develop a business plan in nursing:

Determine the purpose of the nursing business plan

Determine your personal and professional incentives for launching a nursing business, like working around family obligations or using your graduate degree in a for-profit situation. Please include taking care of elderly relatives, talking to parents about their child’s health needs, or getting training at local hospitals. Check to see if your idea could make money, and then ask people you know in the medical field if they have the same need.

Choose a business model

Decide if starting your own company, joining a home health franchise, or starting a segment within a larger healthcare organization is ideal. The first step is to write the mission statement. “Helping the elderly be comfortable in their homes and bringing peace of mind to the extended family” should be in the mission statement.

Identify your unique selling point

What degree of staff is required: Nurse Practitioners, Registered Nurses, or Licensed Vocational Nurses? Describe how the business will operate. “The only all-male nursing business” or “offering personnel with diverse skill levels to suit the variety of patient needs” can distinguish your business.

Make a budget

Prepare a budget for supplies and equipment. Include facts such as obtaining high-quality medical equipment at below-market prices to demonstrate a dedication to quality and profitability.
Indicate whether you will use strategic ties with medical equipment businesses, pharmaceutical companies, or established medical clinics. Find home business plan examples online to assist you with your development.

Comply with licensing requirements

Verify whether the company’s health professionals will complete enough CEUs to keep their licenses current.

Create financial forecasts

Estimate the time it will take to reach profitability using a spreadsheet or software tool. Consider the expense of state licenses, malpractice insurance, and ongoing education.
Estimate travel expenditures, if any, and anticipate how much money will be needed for new equipment or supplies in the first three or five years. Calculate the client revenue. Run a report to determine when client revenue will exceed expenses.

Write an executive summary

Write the executive summary last to include the most important facts about the business in nursing, why it can provide health care, and market needs. For example, you could talk about the “rapid growth expected in hospital outpatient facilities, like those that offer same-day surgery, rehabilitation, and chemotherapy.”
Business skills in nursing management
Nurse management and leadership are just two of the many advanced career options accessible to nurses who want to grow. This is an excellent opportunity for nurses who want to serve others while advancing their careers.
Nurse Managers and leaders must have excellent business skills in nursing management to be successful in this profession.

Communication skills

Both nurses and people who work in business need to be able to communicate well. All nurses must work on their communication skills from the moment they start nursing school. As a registered nurse, you can practice and enhance your communication skills in many ways to prepare for a nurse business job.

Working under pressure

A strong capacity to operate under pressure and maintain composure under duress is another crucial business skill that is equally necessary for a nurse. This is frequently even more crucial expertise for the nursing business.

Decision making

One of the most significant aspects of business in nursing is decision-making. This is because they frequently have to make decisions faster and with less information.

Commitment to learning

Another nursing management skill is the need to be ready never to stop learning anything new.
Business opportunities in nursing
Do you want to supplement your income by working as a self-employed nurse? If you answered yes, here are some small business ideas and opportunities for nurses to start from home. Can a nurse be an entrepreneur?
Yes, you can become an entrepreneur if you have a solid background as a practicing and professional nurse. Business opportunities in nursing include nurse educators, nurse navigators, nurse coaches, in-house nursing care, and dietitians.
Importance of business in nursing
Are you finding it difficult to answer the question, why is business important in nursing? Being your employer, selecting your patients and coworkers, and setting your own professional goals are some of the importance of business in nursing. The objectives include using your nursing experience to meet specific needs or earning money however you see fit.
Another importance is the ability to work on your flexible schedule while doing the profession you love. You create the guidelines on how to carry out your duties to the highest standard. Additionally, you are permitted to conduct business from the convenience of your home or another place of your choice.
Principles of business in nursing
Be deliberate in building a sustainable and scalable business and follow these principles of business in nursing to succeed as an entrepreneur:

Standards of care

The emphasis on standards of care separates nursing business opportunities from other startups. A nursing principle that applies to the nursing business is upholding the highest standards of patient care.
Nurse entrepreneurs have to prioritize the needs of their patients. Nurse business owners who uphold these standards of care are more likely to outperform the competition and attract devoted clients.

Social Consciousness

The nursing profession has a healthy respect for social consciousness, which might surprise you. In addition to being a useful life skill, social consciousness is crucial for turning business ideas for nurses into successful six-figure ventures.

Transparency

The business of nursing includes transparency, much like the nursing profession itself. Despite the abundance of business opportunities, transparent nurse entrepreneurs are rare. Transparency in the workplace encourages moral behavior.

Accountability

Nurse entrepreneurs must not only hold their employees accountable but also hold themselves accountable. Owning and operating a business requires a great deal of dedication and focus. How can your business thrive if you are not holding yourself accountable?
To get started, all business opportunities in nursing require accountability. Whether you are considering a home-based business for nurses or a business idea for nurses with a physical location, you must develop a plan, stick to it, and hold yourself and your employees accountable to achieve your goals.

Respect

Respect is another core value that drives the business side of nursing. Respect is very important for nurse entrepreneurs who want to make their business ideas for nurses work.

Autonomy

An important business principle in nursing is autonomy. Giving your employees and clients the freedom to make independent decisions to achieve goals is what is meant by autonomy. Increased productivity and improved general client satisfaction are two benefits of autonomy.
Businesses a nurse can start
Choosing which business venture to pursue can take more work than it first appears. You’re lucky because we have fantastic startup ideas for nurses who want to become successful businesspeople. The information below will assist you in finding a solution to the question of what kind of business a nurse can start.
You can launch any business as a nurse: a healthy meal delivery service, a nursing staffing agency, or a legal nurse consulting service. You could also launch a business that offers healthcare training or work as a hospice caregiver.
A business nurse definition
What is a business nurse? A business nurse combines nursing knowledge with business acumen to create successful business ventures centered on optimal care delivery.
In conclusion
Do you still require assistance in business in nursing? Following the tips in this blog will help you understand the nursing business. This blog is a great place to start for nursing students struggling with the business.
Reading this blog makes the entire process simple, efficient, and manageable. This blog will answer your business-related nursing questions. If you require any additional information, don’t hesitate to get in touch with onlinenursingpapers.com!


NRS 493 – Individual Success Plan (ISP)

NRS 493 – Individual Success Plan (ISP)
Planning is the key to successful completion of this course and program-related objectives. The Individual Success Plan (ISP) assignment requires early collaboration with the course faculty and your course preceptor. Students must establish a plan for successful completion of

The required 50 community direct clinical practice experience hours, 50 leadership direct clinical practice hours, and 25 indirect clinical experience hours.
Completion of work associated with program competencies.
Work associated with completion of the student’s capstone project change proposal.

Students will use the “Individual Success Plan” to develop an individual plan for completing practice hours and course objectives. As a part of this process, students will identify the number of hours set aside to meet course goals.
Student expectations and instructions for completing the ISP document are provided in the “NRS-493 Individual Success Plan” resource, located in the Study Materials and in the assignment instructions.
Students should apply concepts from prior courses to critically examine and improve their current practice. Students are expected to integrate scholarly readings to develop case reports that demonstrate increasingly complex and proficient practice.
After the ISP has been developed by the student and approved by the course faculty, students will initiate a preconference with the faculty and preceptor to review the ISP.
You are not required to submit this assignment to LopesWrite.
 
NRS-493 Individual Success Plan
REQUIRED PRACTICE HOURS: 100 Direct Clinical Experience (50 hours community/50 hours leadership) – 25 Indirect Clinical Experience Hours.

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Complete Contact Information

Student Information
GCU

Name:
 

E-mail:
 
 

Phone Number:
 
 

Course Faculty Information
GCU

Name:
 

E-mail:
 
 

Phone Number:
 
 

Practicum Preceptor Information
Practice Setting

Name:
 

E-mail:
 
 

Phone Number:
 
 

 
 
 
ISP Instructions
Use this form to develop your Individual Success Plan (ISP) for NRS-493, the Professional Capstone and Practicum course. An individual success plan maps out what you, the RN-to-BSN student, needs to accomplish in order to be successful as you work through this course and complete your overall program of study. You will also share this with your preceptor at the beginning and end of this course so that he or she will know what you need to accomplish.
In this ISP, you will identify all of the objectives and assignments relating to the 100 direct clinical practice experience hours and the 25 indirect clinical practice hours you need to complete by the end of this course. Use this template to specify the date by which you will complete each assignment. Your plan should include a self-assessment of how you met all applicable GCU RN-to-BSN Domains & Competencies (see Appendix A).
General Requirements
Use the following information to ensure successful completion of each assignment as it pertains to deliverables due in this course:

Use the Individual Success Plan to develop a personal plan for completing your clinical practice experience hours and self-assess how you will meet the GCU RN-to-BSN University Mission Critical Competencies and the Programmatic Domains & Competencies (Appendix A) related to that course.

Show all of the major deliverables in the course, the topic/course objectives that apply to each deliverable, and lastly, align each deliverable to the applicable University Mission Critical Competencies and the course-specific Domains and Competencies (see Appendix A).
Completing your ISP does not earn clinical practice experience hours, nor does telephone conference time, or time spent with your preceptor.

Within the Individual Success Plan, ensure you identify all graded course assignments and indirect clinical assignments listed in the table on the next page.

 
 
 
 
 
 

Topic
Graded Assignment
Indirect Clinical Assignments

Topic 1
1.      Individual Success Plan
2.      Reflection Journal Entry
1.      List of potential topics for the change proposal

Topic 2
1.      Topic Selection Approval Paper
2.      Reflection Journal Entry
1.      Search the literature for supporting journal articles
2.      Summary of topic category; community or leadership

Topic 3
1.      PICOT Question Paper
2.      Reflection Journal Entry
1.      List of objectives

Topic 4
1.      Literature Evaluation Table
2.      Reflection Journal Entry
1.      List of measurable outcomes

Topic 5
1.      Reflection Journal Entry
1.      Summary of the strategic plan
2.      Midterm Evaluation Tool

Topic 6
1.      Literature Review Table
2.      Reflection Journal Entry
1.      List of resources

Topic 7
1.      Reflection Journal Entry
1.      Summary of the evaluation plan
2.      Remediation-if required

Topic 8
1.      Benchmark Written Capstone Project Change Proposal
2.      Reflection Journal Entry
 

Topic 9
1.      Reflection Journal Entry
1.      Professional Presentation

Topic 10
1.      Finalized ISP
2.      Scholarly Activity Summary
3.      Benchmark-Reflection Journal Summary
1.      Summary of presentation
2.      Final Clinical Evaluation Tool
3.      Practice Clinical Evaluation Tool-Agency
4.      Practice Clinical Evaluation Tool-Preceptor

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Application-based Learning Course Assignments
List of Current Course Objectives
Assignment
Date Due
Self-Assessment:
Programmatic Domains & Competencies
(see Appendix A)
Self-Assessment:
GCU RN-to-BSN
University Mission Critical Competencies
 (see Appendix A)
Date
Assignment
Completed

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 

By typing in his/her signature below, the student agrees to have read, understood, and be accountable for the instructions, assignments, and hours shown above and that all questions have been satisfactorily answered by the faculty.
Preceptors will sign upon initial receipt and at the end of the course to confirm that assignments have been complete with your guidance.
 

Student Signature

Name:
 

Date:
 

Preceptor Signature [Upon Initiation of Course]

Name:
 

Date:
 

Preceptor Signature [Upon Completion of Course]

Name:
 

Date:
 

 
APPENDIX A:
GCU RN-to-BSN Domains & Competencies

University’s Mission Critical Competencies

How does this Individual Success Plan support the GCU Mission?
MC1: Effective Communication: Therapeutic communication is central to baccalaureate nursing practice. Students gain an understanding of their ethical responsibility and how verbal and written communication affects others intellectually and emotionally. Students begin to use nursing terminology and taxonomies within the practice of professional and therapeutic communication. Courses require students to write scholarly papers, prepare presentations, develop persuasive arguments, and engage in discussion that is clear, assertive, and respectful.
MC2: Critical Thinking: Courses require students to use critical thinking skills by analyzing, synthesizing, and evaluating scientific evidence needed to improve patient outcomes and professional practice.
MC3: Christian Worldview: Students will apply a Christian worldview within a global society and examine ethical issues from the framework of a clearly articulated system of professional values. Students will engage in discussion of values-based decisions made from a Christian perspective.
MC4: Global Awareness, Perspectives, and Ethics: The concept of global citizenship is introduced to baccalaureate students in the foundational curriculum. Some courses will focus on the human experience across the world health continuum. The World Health Organization (WHO) definitions of health, health disparities, and determinants of health are foundational to nursing practice.
MC5: Leadership: Students are required to develop skills and knowledge associated with their professional role. Courses require students to develop self-leadership skills such as time management, setting priorities, self-control, and evaluation of their abilities and performance.
 

Domains and Competencies

How does this Individual Success Plan support the Program Domains and Competencies?
Domain 1: Professional Role
Graduates of Grand Canyon University’s RN-BSN program will be able to incorporate professional values to advance the nursing profession through leadership skills, political involvement, and life-long learning.
Competencies:
1.1:      Exemplify professionalism in diverse health care settings.
1.2:      Manage patient care within the changing environment of the health care system.
1.3:      Exercise professional nursing leadership and management roles in the promotion of patient safety and quality care.
1.4:      Participate in health care policy development to influence nursing practice and health care.
1.5:      Advocate for autonomy and social justice for individuals and diverse populations.
 
Domain 2: Theoretical Foundations of Nursing Practice
Graduates of Grand Canyon University’s RN-BSN program will have acquired a body of nursing knowledge built on a theoretical foundation of liberal arts, science, and nursing concepts that will guide professional practice.
Competencies:
2.1:      Incorporate liberal arts and science studies into nursing knowledge.
2.2:      Comprehend nursing concepts and health theories.
2.3:      Understand and value the processes of critical thinking, ethical reasoning, and decision making.
Domain 3: Nursing Practice
Graduates of Grand Canyon University’s RN-BSN program will be able to utilize the nursing process to provide safe quality care based on nursing best practices.
Competencies:
3.1:      Utilize the nursing process to provide safe and effective care for patients across the lifespan
3.2:      Implement patient care decisions based on evidence-based practice.
3.3:      Provide individualized education to diverse patient populations in a variety of health care settings.
3.4:      Demonstrate professional standards of practice.
Domain 4: Communication/Informatics
Graduates of Grand Canyon University’s RN-BSN program will be able to manage information and technology to provide safe quality care in a variety of settings. In addition, graduates will be able to communicate therapeutically and professionally to produce positive working relationships with patients and health care team members.
Competencies:
4.1:      Utilize patient care technology and information management systems.
4.2:      Communicate therapeutically with patients.
4.3:      Promote interprofessional collaborative communication with health care teams to provide safe and effective care.
Domain 5: Holistic Patient Care
Graduates of Grand Canyon University’s RN-BSN program will be able to provide holistic individualized care that is sensitive to cultural and spiritual aspects of the human experience.
Competencies:
5.1:      Understand the human experience across the health-illness continuum.
5.2:      Assess for the spiritual needs and provide appropriate interventions for individuals, families, and groups.
5.3:      Provide culturally sensitive care.
5.4:      Preserve the integrity and human dignity in the care of all patients.


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