DCM513 - Business Plan - Old Age Care House

Running head: BUSINESS PLAN FOR AN AGED CARE HOME WITH NP SERVICES
Business plan for an aged care home with NP services
Name of the student:
Name of the University:
Author note:

1BUSINESS PLAN FOR AN AGED CARE HOME WITH NP SERVICES
Executive summary:
Old age Care House has provides the elderly people a perfect substitute for their home,
which will further provide them physical and mental support and will satisfy their health care
needs. Old age care house is growing popular in Australia due to increase in the number of
elderly residents. With nurse practitioner (NP)-centered caregiving the model such old aged
care homes are bound to give quality care to the elderly patients. Here the residents will be
getting the support from skilled Brightwater NPs, competent nursing staffs and the elder care
people for the residents. The management system will follow the Brightwater NP model to
provide competent care to resident with various chronic diseases. The main focus of the NPs
is to take care of the elderly with the problem of polypharmacy. However there are certain
barriers in implanting the plan which include lack of PR, funding and high cost affordability.

2BUSINESS PLAN FOR AN AGED CARE HOME WITH NP SERVICES
Table of Contents
Introduction:...............................................................................................................................5
Discussion:.................................................................................................................................5
The need of the primary health care initiative:......................................................................5
Objectives:..............................................................................................................................6
Financial objective:............................................................................................................6
Non-financial objectives:...................................................................................................7
Mission:..................................................................................................................................7
Market analysis strategy:........................................................................................................7
Base number of residents:..................................................................................................7
The residents looking for medical care in short stay:........................................................8
Strategy used to segment the target market:....................................................................10
Market trends:..................................................................................................................10
Service providers:.............................................................................................................11
Continuous quality improvement plan of the Old age care home:.......................................11
Estimated Budget:................................................................................................................12
Estimated budget to cover the start-up expenses:............................................................12

3BUSINESS PLAN FOR AN AGED CARE HOME WITH NP SERVICES
Estimated budget for hiring competent medical and non-medical staffs within a
timeframe:........................................................................................................................14
The enablers and barriers in the way to implement the business plan:................................15
Enablers:...........................................................................................................................15
Barriers:............................................................................................................................15
Conclusion:..............................................................................................................................16

4BUSINESS PLAN FOR AN AGED CARE HOME WITH NP SERVICES
Introduction:
Old Aged Care Home aims to provide elderly support for the people, who are more
than 65 years. It provides them with 24 hours nursing and medical care wrapped in a friendly
and calm environment for the long-term basis (Ettorchi-Tardy, Levifand and Michel 2012).
The Aged Care Nurse Practitioner (ACNP) works in collaboration with the patients
and their family members. The team of the extended health care professionals includes Allied
Health Professionals, General Practitioners (GP, Pathologist, Specialist, Pharmacists, Aged
Care Service providers and Community Nurse. The comprehensive episode of care
encompasses, targeted assessment, requesting of the diagnosis, management/treatment care
plans, coordinated/case management and recommendation followed by implementation to
health the associated health goals, other risk management strategies, proper monitoring and
education of the patient family.
The ACNP also aims to restrict unnecessary hospital admission because of
exacerbation of the health-related conditions, guidance for chronic condition management,
evidence-based education related to optimal adherence of health management intervention, a
comprehensive health assessment and aged care advocacy and planning. ACNP should also
be held accountable for framing professional judgments lying within the scope of practice
related to patient's condition and timely referral to the doctors at the time of emergency.
Nurse Practitioner (NP) is also required to maintain individual professional and that too at an
advanced level.
The current assignment sheds light on a business plan that is required to develop an
old aged care home in Australia with Brightwater nursing professionals.

5BUSINESS PLAN FOR AN AGED CARE HOME WITH NP SERVICES
Discussion:
The need of the primary health care initiative:
One of the most important social determinants of health is aging. The aged people
need more healthcare than the other people. The older people often live alone and longs for a
companion whereas seeking medical services due to their condition. The number of elderly
people in the country is increasing. The current population of Australia has 16.8% of elderly
people, which has increased from the last year by almost 3%. The population of elder people
in Australia is supposed to be double from today within the upcoming 15 years (Tricco et al
2012).
With the increase in the population of the aged people, the numbers of chronic
diseases are also increasing. The few of common chronic diseases which are affecting elderly
people are cardiovascular diseases, diabetes, musculoskeletal disease, Chronic Obstructive
Pulmonary Disorder (COPD), hypertension, gastrointestinal disorders and other associated
psychological issues like dementia. Due to the increase in the older population and the advent
of the new chronic diseases, the burdens over the healthcare sectors are also increasing.
However, innovation of the health care technology has helped in increasing the longevity of
older people (Oosterom-Calo et al. 2015). But in order to provide this advanced quality
technology and to deal with addition challenges of extended life period of elderly people, the
rate of hospitalization has also increased. Now here comes the role and the importance of the
Nursing Professionals in elderly care and the effectiveness of the business plan.
In Australia lower level of education is directly related to lower income, higher rate of
smoking, and shorter life expectancy which are common in indigenous people. The