The business case as a strategic tool for change

Area of Science:

• Healthcare Administration
• Nursing Management
• Health Economics

Background:

• The strategic use of business cases in nursing is essential for driving evidence-based practice changes.
• Nurse executives require specific competencies to effectively utilize business cases for organizational advancement.

Purpose of the Study:

• To delineate the appropriate application of clinically focused business cases in healthcare settings.
• To identify the core knowledge and skills nurse executives need for strategic business case utilization.

Main Methods:

• Qualitative analysis of existing literature on healthcare business case development.
• Expert opinion synthesis regarding nurse executive competencies.

Main Results:

• The business case is a critical tool when proposing significant practice changes or resource allocation.
• Effective use requires skills in financial analysis, strategic planning, and stakeholder communication.
• Nurse executives must translate clinical needs into quantifiable financial benefits.

Conclusions:

• The business case serves as a pivotal instrument for nurse executives to advocate for and implement impactful nursing initiatives.
• Developing financial acumen and persuasive communication are key for nurse leaders to achieve desired practice transformations.