Requirements

1. Address all components of the business plan as outlined in Preparing the Paper.
2. Use the Business Plan Worksheet at least weekly to collect information necessary for writing the plan. It can be downloaded from the Week 7 assignment page. You will be required to submit this completed document with your Week 7 assignment.
3. This paper will be graded on quality and completeness of information, accuracy of any required calculations, use of citations, use of standard English grammar, sentence structure, and organization based on the required components.
4. Create this assignment using Microsoft Word, which is the required format for all Chamberlain documents. You can tell that the document is saved as an MS Word document because it will end in .docx.
5. Use of Turn It In is used for this assignment and is part of the submission into the assignment portal.
6. Submit the final paper by Friday 11:59 p.m. MT. Any questions about this paper may be discussed in the weekly Q & A forum or reach out to faculty.
7. The length of the paper is to be no greater than seven pages excluding the appendices, title page, and reference page. Your business plan worksheet should be included in the appendices section.
8. Remember that the introduction does not require a heading and no running heads are used. Times New Roman Font- 12-point and one-inch margins on all sides of page are required format. You may also refer to Guidelines for Writing Professional Papers found in the Student Resource Center.
9. A complete paper will contain all components outlined under Preparing the Paper.

Preparing the Paper

A business plan is a detailed plan for a proposed program, project, or service.

The following outline should be used with level I and II headings as required. A template for the cover letter is provided below. Remember, there is no heading used for the introduction section.

1. Introduction
   1. Purpose of assignment
   2. PICOT
   3. Purpose of business plan
   4. What will be included
2. Business Plan Proposal
   1. Cover letter
   2. Executive Summary
3. Detailed Abstract
   1. Expanded description of project
      1. Issue/problem defined
      2. Supportive evidence for the project
      3. Expected outcomes and timeline
      4. Details of the project plan
      5. Market analysis
         1. SWOT
         2. Fit with organizational mission
         3. Fit with current service
      6. Marketing and financial plans
         1. Marketing plan strategies (2)
         2. Financial analysis
            1. Financial Plan (including budgetary needs)
            2. Financial impact on stakeholders
            3. Break-even and/or cost-benefit analysis results
         3. Appendices (documents referred to in the plan)
            1. SWOT analysis
            2. Financials
               1. Budget
               2. Break-even analysis
               3. Cost-benefit analysis
            3. Graphs/charts
            4. Business Plan Worksheet
         4. Conclusion
            1. Summary of what was covered in the assignment
            2. Strengths and weaknesses of the plan

Approach for approval

1. Clearly introduce your business-plan assignment in the Introduction section. This should be no longer that one paragraph. Include the purpose of your assignment, PICOT as basis and purpose for the business plan; and what will be covered in the assignment.
2. Include a clearly articulated cover letter written in business letter format, active voice, and exactly as it would be read by leadership. Include overview of issue, proposed solution, and action request.  There should be no other content on this page except for the business letter.The template to use is as follows:

   Cover Letter

   Your name
   Your address

   Date
   Name of receiver
   Address of receiver

   Dear Mr/Ms/Dr. name

   In the business letter one paragraph would be an overview the issue, its impact, and solution. Give enough information so they know what you are doing. Do not need references in letter.

   Another paragraph would engage the reader to take action such as leaving your phone number and letting the person know that if they have questions to please each out to you.
   Or thanking them for reading and tell them you look forward to hearing from them.

   Sincerely,

   Your name

3. Present a captivating executive summary that is interesting and captures the interest of leadership and draws them in to read further. Content includes (1) a description of the proposed project, program, or service, (2) why it is being proposed, and (3) what impact and outcomes are most likely to occur as a result.
4. Detailed Abstract expands the executive summary. Use detailed outline above to ensure adequate inclusion of all elements..
5. Appendices should include any financial tables, charts, or graphs, or other supporting documents referred to in the detailed abstract. The business plan worksheet should be included in the appendices.
6. Conclusion for the paper includes an overview of what was covered in the paper, strengths and weaknesses of the plan, and plan for seeking proposal approval.
7. The paper length will be seven pages maximum including the appendices and excluding title and reference page(s).Note: After submitting your assignment, please upload your completed executive summary into the Week 8 designated Discussion to share with your peers.
8. Title and reference page(s) must be in APA format (6^th edition).
9. Use 12-point Times New Roman font and one-inch margins on all sides of the paper.
10. Note: After submitting your assignment to Files, please upload your completed executive summary into the Week 8 designated Discussion to share with your peers.

Answer:

Business Plan

Introduction

The primary purpose of this assignment is to develop a comprehensive business plan that articulates the rationale, methodology, and anticipated outcomes of implementing a readmission prevention care bundle. The focus is on the specific population of CMS patients who experience readmissions within 30 days of discharge. The chosen PICOT question is “For CMS patients readmitted within 30 days of discharge (P), does the implementation of a readmission prevention care bundle based on needs assessment (I) compared to follow-up call 7 days post-discharge (C) reduce readmission rates of CMS patients by 20% (O) over the next four months (T)?”

The purpose of the business plan is to advocate for the adoption of a needs assessment-based care bundle as an effective intervention to reduce readmission rates among CMS patients.

The business plan will encompass several key components: a cover letter for approval, an executive summary, a detailed abstract describing the issue, evidence, expected outcomes and timeline; details of the plan such as market analysis, marketing and financial plans; and finally, a conclusion.

Business Plan Proposal

Cover letter

Your name
Your address

Date
Name of receiver
Address of receiver

Dear Mr./Ms./Dr. name

I am writing to propose a strategic initiative that tackles the persistent issue of readmissions among CMS patients and has the potential to significantly improve patient outcomes and cost-effectiveness for our organization. As you know, 30-day readmissions present a significant challenge, impacting patient well-being, resource utilization, and financial sustainability.

My proposal centers on implementing a needs-based readmission prevention care bundle. This innovative approach focuses on conducting thorough individual needs assessments upon discharge, allowing us to tailor interventions and support services to each patient’s specific vulnerabilities and risk factors. By addressing these unique needs proactively, we

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