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Unit 2 Discussion-Escalating Costs in Healthcare

Unit 2 Discussion-Escalating Costs in Healthcare

Sample Answer 

Unit 2 Discussion-Escalating Costs in Healthcare

Escalating Costs in Healthcare

Since the 1990s, data has shown that healthcare costs in the U.S. has been significantly rising, reducing access and affordability, as well as other healthcare outcomes (Mathur & Srivastava, 2016). In fact, it is believed that the U.S. spends more than half of what other OECD countries use to cover healthcare costs on average. In 2019 alone, it is estimated that the U.S. used approximately $11,000 per individual on healthcare services, while the average OECD expenditure stood at $5,500 per person. In comparison, the second-highest spender, Switzerland, spent a modest $7,700 per person, which is a clear indication that the U.S. disproportionately spends much on healthcare (Peter G. Peterson Foundation, 2020). In spite of investing heavily in healthcare, reports indicate that the U.S. still lags behind in healthcare outcomes, such as unmanaged diabetes, infant mortality, life expectancy, and quality of care.

Therefore, nurses have a key role to play in containing the escalating costs in healthcare. For example, nurses can engage in cost-saving practices and measures without necessarily sacrificing the quality of care. For instance, nurses can use strategies, such as Lean Six Sigma, to reduce waste and increase process and workflow efficiencies. In Alabama, improving efficiency in the workplace can help optimize working hours and generally boost system outcomes. Nurses can also increase productivity and efficiency by reducing the causes of absenteeism due to illness and injury (Finkelman, 2020). This can boost productivity while lowering the cost of care. In addition, nurse employers can also reduce the costs of care by providing conditions that motivate nurses to work at their highest levels. This can reduce nurse turnover rates and, subsequently, the cost of care. With a more dedicated staff, lower turnover rates, better policies, and a safe working and an efficient working environment, it is possible that Alabama can achieve a more comprehensive, universal, equal, and cheaper healthcare.

References

Finkelman, A. (2020). Leadership and management for nurses: Core competencies for quality care (4th ed.). Pearson.

Mathur, P., & Srivastava, S. (2016). High cost of healthcare in the United States – a manifestation of corporate greed. Journal of Forensic Medicine, 1(1), 1-4. DOI: 10.4172/2472-1026.1000103

Peter G. Peterson Foundation. (2020). How does the U.S. healthcare system compare to other countries? Retrieved from https://www.pgpf.org/blog/2020/07/how-does-the-us-healthcare-system-compare-to-other-countries

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Question 


Unit 2 Discussion-Escalating Costs in Healthcare

NU 627 DT 2 Instructions

Instructions

It is anticipated that the initial discussion response should be in the range of 250-300 words. Response posts must demonstrate topic knowledge and scholarly engagement with peers. This is not the only criteria utilized for evaluation; substantive content is imperative. All questions in the topic must be addressed. Please proofread your response carefully for grammar and spelling. Do not upload any attachments. All responses need to be supported by a minimum of one scholarly resource. Journals and websites must be cited appropriately. Citation and reference must adhere to APA format.

Escalating Costs in Healthcare

Escalating Costs in Healthcare

  • What impact will nurse practitioners make on containing escalating costs in health care?
  • In your initial post, research news articles, professional nursing sites, and literature to determine what this impact is projected to be in your state or region of the country.

Responses need to address all components of the question, demonstrate critical thinking and analysis, and include peer-reviewed journal evidence to support the student’s position.

Please be sure to validate your opinions and ideas with citations and references in APA format.

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