Benchmark – Funding Plan Essay

 Benchmark – Funding Plan Essay

 Benchmark – Funding Plan Essay

Fall-related injuries among older adults in long-term care institutions can impose significant health and financial costs. A comprehensive funding plan is essential in implementing proposed interventions to address this critical issue. This funding plan aims to secure financial resources for implementing a comprehensive fall prevention program in long-term care facilities. The program will consist of multifactorial interventions, regular exercise programs, and vitamin D supplementation to reduce fall and fall-related injuries among older adults residing in these facilities.

Data Summary

The data on the prevalence of falls and fall-related injuries in long-term care facilities will be gathered through surveys, medical records, or incident reports. This data will then be compared with the prevalence of these incidents in the general population or other relevant populations to assess if there is a significant disparity in the long-term care facility setting. The demographic analysis will identify specific groups within the older adult population in long-term care facilities that are disproportionately affected by falls and fall-related injuries, considering factors such as age, gender, race, ethnicity, socioeconomic status, and comorbidities. Common risk factors associated with falls and fall-related injuries in long-term care facilities will be determined through literature reviews, previous studies, or consultation with healthcare professionals.

Health Disparities

Health disparities in falls and fall-related injuries among older adults in long-term care facilities stem from a complex interplay of factors. These facilities often cater to a population with advanced age, underlying chronic conditions, and functional impairments, which increase their vulnerability to falls (Srivastava & Muhammad, 2022). Furthermore, inadequate staffing levels, insufficient training of caregivers, and limited resources contribute to suboptimal fall prevention programs, leading to a higher risk of falls. As Cameron et al. (2019) assert, older adults in long-term care facilities may also experience cognitive decline or mobility limitations, diminishing their ability to react appropriately and avoid falls. Environmental factors such as poorly designed facilities, lack of handrails, and inadequate lighting further exacerbate the risk. Socioeconomic factors and racial disparities further compound the issue, as marginalized populations may face additional barriers to accessing quality care and fall prevention interventions. This funding plan aims to minimize the health disparities related to falls among older adults in long-term care facilities stem from a complex interplay of factors.

 

Intervention Sustainability

The proposed interventions are sustainable in addressing falls and fall-related injuries among older adults in long-term care facilities for several reasons. First, falls are a significant health concern in this population, and the intervention directly targets this issue, which affects around 10% of older adults in long-term care facilities annually (Vaishya & Vaish, 2020). By addressing falls, the intervention aims to reduce severe injuries, morbidity, and mortality rates associated with falls, thereby improving the overall health outcomes of older adults. Second, the intervention recognizes the role of health inequities in contributing to falls among older adults. It takes into account individual susceptibility, facility-related disparities, and social determinants of health, providing a comprehensive approach to combat these inequities.

Third, the intervention plan incorporates three common and evidence-based approaches used in long-term care facilities. Guirguis-Blake et al. (2020) state that the multifactorial intervention identifies and addresses individual risk factors, offering personalized strategies to prevent falls. This individualized approach increases the likelihood of success and sustainability. Regular exercise programs focus on improving strength, balance, and flexibility, which are crucial for reducing the risk of falls. By promoting exercise, the intervention encourages long-term behavior change and the incorporation of physical activity as a routine in the residents’ lives. Vitamin D supplementation is also included to ensure adequate levels and improve bone health, thereby reducing the likelihood of fall-related injuries.

Proposed Budget

The proposed budget for implementing intervention is estimated to be $ 20,000. Under the personnel category, $2500 will be allocated for hiring and training professionals responsible for conducting comprehensive assessments, developing tailored intervention plans, and leading exercise programs. An additional $5000 will be set aside for interdisciplinary team collaboration and oversight. The resources and equipment category will take $1000 of the allocation for acquiring exercise equipment and making safety modifications in long-term care facilities. Another $2000 will be allocated for providing Vitamin D supplementation to the target population.

            An allocation of $1000 will be earmarked to establish electronic platforms and communication channels to facilitate efficient information exchange. The education and awareness category involves developing and implementing educational programs for older adults and staff members, which will require a budget of $3000. To ensure ethical, legal, and regulatory compliance, collaboration with ethics committees and institutional review boards is estimated to cost $1,000, while an additional $1000 will be allocated for legal compliance and licensing requirements. Evaluation and monitoring of the intervention’s effectiveness and outcomes require ongoing assessment, estimated to cost $ 3500.

Potential Sources of Funding.

Several sources will be pursued to fund the population-based intervention implementation plan. This includes applying for grants from government agencies, foundations, and healthcare organizations specializing in geriatric care and fall prevention, with a target funding of $10,000. Seeking partnerships with local healthcare providers, long-term care facilities, and community organizations will secure an additional $5000 in financial support or in-kind contributions. Additionally, organizing fundraising events or campaigns within the community will engage individuals, families, and businesses in supporting the intervention, with a target funding of $5000.

Sources of Funding Rationale

The rationale for choosing the potential funding sources is to diversify the funding streams to maximize financial support. Applying for grants from government agencies, foundations, and healthcare organizations specializing in geriatric care and fall prevention will tap into resources designated explicitly for addressing these issues. Heng et al. (2020) point out that seeking partnerships with local healthcare providers, long-term care facilities, and community organizations will provide financial support and foster collaboration and shared resources. Organizing fundraising events or campaigns within the community will engage stakeholders and community members, creating a sense of ownership and support for the interventions.

Cost Savings

The plan will ensure cost savings from intervention implementation through various strategies. Firstly, by gathering data on the prevalence of falls and fall-related injuries in long-term care facilities and comparing it with the general population, the plan will identify specific groups disproportionately affected by these incidents. This targeted approach will allow for more focused and efficient interventions, reducing unnecessary costs. Secondly, the plan acknowledges the complex factors contributing to health disparities in falls among older adults in long-term care facilities. By addressing underlying causes such as inadequate staffing, insufficient training, and limited resources, the plan aims to improve fall prevention programs. This proactive approach can save costs by preventing falls and subsequent injuries, which may require expensive medical treatments and hospitalizations.

Thirdly, the proposed interventions are designed to be sustainable. They incorporate evidence-based approaches, including multifactorial interventions, exercise programs, and vitamin D supplementation. These interventions target individual risk factors, promote long-term behavior change, and improve bone health (Guirguis-Blake et al., 2020). By preventing falls in the first place, the plan reduces the financial burden associated with treating fall-related injuries and complications. Lastly, the proposed budget of $20,000 is carefully allocated to cover essential aspects of the intervention. Funds are allocated for personnel, interdisciplinary collaboration, resources and equipment, vitamin D supplementation, electronic platforms, education and awareness programs, ethical and legal compliance, and evaluation and monitoring. This budget ensures that necessary resources are available for the implementation and sustainability of the intervention while minimizing unnecessary expenses.

Best Practices of Financial Management

The proposed plan adheres to financial planning and management best practices by incorporating various strategies. The budget has been thoughtfully allocated across various categories to ensure the sustainability of the intervention. The data collection methods, such as surveys and literature reviews, allow for cost-effective yet reliable data gathering. By conducting a demographic analysis and considering common risk factors, the intervention can be tailored to target specific groups, optimizing the use of resources. The plan also recognizes and addresses health disparities contributing to falls among older adults in long-term care facilities, demonstrating a focus on equity and inclusivity. Acknowledging the complex interplay of factors, the intervention aims to create a lasting impact and reduce disparities.

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The budget allocation for personnel, resources, education, evaluation, and compliance indicates a well-structured approach to implementation, ensuring all necessary aspects are adequately covered. Exercise programs and vitamin D supplementation demonstrate a proactive approach to promoting preventive measures and improving overall health outcomes, potentially reducing long-term healthcare costs (Guirguis-Blake et al., 2020). Furthermore, the pursuit of diverse sources of funding, such as grants, partnerships, and community engagement, showcases a strategic and sustainable financial strategy. This approach minimizes reliance on a single funding source and maximizes the potential for financial support. Engaging community members through fundraising events fosters a sense of ownership and commitment, increasing the likelihood of continued support for the intervention.

Conclusion

The proposed funding plan aims to secure resources for implementing a comprehensive fall prevention program in long-term care facilities, consisting of multifactorial interventions, regular exercise programs, and vitamin D supplementation. The budget is thoughtfully allocated across essential categories to ensure adequate personnel, resources, educational programs, evaluation, and compliance coverage. The plan considers financial planning and management best practices by pursuing multiple funding sources, using cost-effective data collection methods, and targeting specific groups to optimize the use of resources. In addition, this plan recognizes the contribution of health disparities to falls among older adults in long-term care facilities and seeks to address these issues. As such, this plan addresses a significant public health concern while leveraging cost savings, promoting lasting behavior change, and fostering community engagement.

 

References

Cameron, I. D., Dyer, S. M., Panagoda, C. E., Murray, G. R., Hill, K. D., Cumming, R. G., & Kerse, N. (2019). Interventions for preventing falls in older people in care facilities and hospitals. Cochrane Database of Systematic Reviews, 9(9). https://doi.org/10.1002/14651858.cd005465.pub4

Guirguis-Blake, J. M., Michael, Y. L., Perdue, L. A., Coppola, E. L., & Beil, T. L. (2020). Interventions to prevent falls in older adults. JAMA, 319(16), 1705. https://doi.org/10.1001/jama.2017.21962

Heng, H., Jazayeri, D., Shaw, L., Kiegaldie, D., Hill, A.-M., & Morris, M. E. (2020). Hospital falls prevention with patient education: A scoping review. BMC Geriatrics, 20(1). https://doi.org/10.1186/s12877-020-01515-w

Srivastava, S., & Muhammad, T. (2022). Prevalence and risk factors of fall-related injury among older adults in India: Evidence from a cross-sectional observational study. BMC Public Health, 22(1). https://doi.org/10.1186/s12889-022-12975-7

Vaishya, R., & Vaish, A. (2020). Falls in older adults are serious. Indian Journal of Orthopaedics, 54(1), 69–74. https://doi.org/10.1007/s43465-019-00037-x

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Benchmark – Funding Plan

The purpose of this assignment is to continue applying a public health nursing practice model in order to develop another component of a community needs assessment report.

Utilizing the information from the Topic 5( refer to order number 117144) and 6 ( order 117184 ) assignments, write a 1,200-1,500-word plan for funding, including the following information:

Briefly summarize the data used to determine the targeted health disparity.

Briefly summarize the health disparity targeted through the intervention.

Evaluate intervention sustainability.

Propose a budget that includes total cost of implementation, expenses, and amount of funding you may receive.

Identify potential sources of funding.

Defend your rationale for the chosen sources of funding.

Explain possible cost savings resulting from intervention implementation.

Describe adherence to financial planning and management best practices while creating your budget.

Support your information with a minimum of two peer-reviewed resources within the last 5 years.

Prepare this assignment according to the guidelines found in the APA Style Guide.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

RUBRIC

Data Summary 5.5 pt

Brief summary of the data used to determine the targeted health disparity. Summary of the data used to determine the targeted health disparity is thorough and includes substantial supporting details.

2. Health Disparities 5.5 pts

A brief summary of the health disparity targeted through intervention. Summary of the health disparity targeted through intervention is thorough and includes substantial supporting details.

3. Intervention Sustainability. 11 points

Evaluation of intervention sustainability is thorough and includes substantial supporting details.

4. Proposed Budget 11 points

A proposed budget, including total cost of implementation, expenses, and amount of funding that may be received, is thorough and includes substantial supporting details.

5. Potential Sources of Funding. 5.5 points

Identification of potential sources of funding is thorough and includes substantial supporting details.

6. Sources of Funding Rationale 11 points

Defense of rationale for chosen sources of funding is thorough and includes substantial supporting details.

7. Cost Savings 11 points

Explanation of possible cost savings resulting from intervention implementation is extremely thorough and includes substantial supporting details.

8. Best Practices of Financial Management 16.5 points

Description of adherence to financial planning and management best practices while creating your budget is thorough and includes substantial supporting details.

9. Conclusion