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The Healthcare Economic Issue Assignment Discussion

The Healthcare Economic Issue Assignment Discussion

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Background and Context

As a master’s-level health care practitioner, you are expected to consider a number of factors when supporting change by analyzing the feasibility of a new initiative or identifying an issue within your organization. For example, you must take into consideration the various types of risk (such as patient safety, physical plant, financial, or reputation), as well as the present and future value of the service line or economic opportunity you are invested in. Additionally, you must also balance your ethical and moral responsibility to provide quality care to patients and populations while protecting your organization’s assets and economic viability in the near and long terms. The Healthcare Economic Issue Assignment Discussion

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Instructions

For this assignment, you will develop a 10-slide business PowerPoint for the economic issue you have been working with as your topic in the previous week. You will then present this PowerPoint using Kaltura and submit the video.

This presentation asks you to examine the feasibility and cost-benefit considerations of implementing a proposed solution for your chosen issue, as well as analyze ways to mitigate risks.

Be sure to address each main point. Read the performance-level descriptions for each criterion to see how your work will be assessed. In addition, note the requirements for document format and length and for supporting evidence. Review the assignment instructions and rubric to ensure you understand the work you will be asked to complete and how it will be assessed. The Healthcare Economic Issue Assignment Discussion

Overall, your assignment submission will be assessed on the following criteria:

  • Summarize the problem and the potential impact the health care economic issue has on you, your colleagues, your organization, and the community at large.
    • This is an opportunity to tell your story and what the initiative means to you as a health care practitioner. Remember, this is a presentation. So, you want to be engaging and persuasive in order to build support for what you will be proposing to do later in the presentation.
  • Explain the feasibility and cost-benefit considerations of your health care economic issue as well as three ways to mitigate risks to the financial security of your organization or health care setting.
    • Make sure to present at least an overview of the data and numbers you are basing your cost-benefit analysis on.
    • Touch upon the ways in which potential risks could pose a threat to the financial security of your organization or care setting while you are addressing the ways to mitigate risk.
    • Support your explanation with evidence-based research or scholarly sources.
  • Describe the changes or solution that you propose be implemented in order to address the economic issue.
    • Include the potential benefits of implementation to your organization, your colleagues, or the community at large.
    • Support your initiative with evidence-based research or scholarly sources.
  • Explain how your proposed solution is culturally sensitive, ethical, and equitable within the context of the community and health care setting it will be implemented.
    • Make sure that your changes or solution are not unfairly burdening or disadvantaging any specific groups.
    • Double check that your changes or solution do not pose any ethical issues and are not culturally insensitive.
    • Ensure that both access and cost are equitable across all groups in the community that the proposed solution will be affecting.
  • Convey purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly communication standards. The Healthcare Economic Issue Assignment Discussion

Grading Criteria

Business Case for Change
Criteria Ratings Pts
Summarize the problem and the potential impact the health care economic issue has on you, your colleagues, your organization, and the community at large.

view longer description

37.5 to >31.88 pts

DISTINGUISHED

Summarizes the problem and the potential impact the health care economic issue has on you, your colleagues, your organization, and the community at large. Tone of summary is engaging and persuasive and provides the audience with a reason to keep listening.

31.88 to >26.25 pts

PROFICIENT

Summarizes the problem and the potential impact the health care economic issue has on you, your colleagues, your organization, and the community at large.

26.25 to >0 pts

BASIC

Provides an unclear or incomplete summary of the problem and the potential impact the health care economic issue has on you, your colleagues, your organization, and the community at large.

0 pts

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NON_PERFORMANCE

Does not provide any kind of summary of the problem and the potential impact the health care economic issue has on you, your colleagues, your organization, and the community at large.

/ 37.5 pts
Explain the feasibility and cost-benefit considerations of your health care economic issue, as well as three ways to mitigate risks to the financial security of your organization or health care setting.

view longer description

50 to >42.5 pts

DISTINGUISHED

Explains the feasibility and cost-benefit considerations of your health care economic issue, as well as three ways to mitigate risks to the financial security of your organization or health care setting. Provides specific data and numbers to support the cost-benefit assertions.

42.5 to >35 pts

PROFICIENT

Explains the feasibility and cost-benefit considerations of your health care economic issue, as well as three ways to mitigate risks to the financial security of your organization or health care setting.

35 to >0 pts

BASIC

Describe the feasibility of the health care economic issue in general terms, but does not provide a full explanation or sufficient cost-benefit details. Likewise, the ways to mitigate risk are overly general and not specific to the issue or health care organization.

0 pts

NON_PERFORMANCE

Does not describe the feasibility of the health care economic issue in general terms.

/ 50 pts
Describe the changes or solution that you propose be implemented in order to address the economic issue.

view longer description

50 to >42.5 pts

DISTINGUISHED

Describes the changes or solution that you propose be implemented in order to address the economic issue. Notes the potential benefits to your organization, colleagues, or the community at large.

42.5 to >35 pts

PROFICIENT

Describes the changes or solution that you propose be implemented in order to address the economic issue.

35 to >0 pts

BASIC

Identifies a solution, but its relevance or alignment to the economic issue is unclear.

0 pts

NON_PERFORMANCE

Does not identify a solution.

 

 

 

 

 

 

/ 50 pts
Explain how your proposed solution is culturally sensitive, ethical, and equitable within the context of the community and health care setting it will be implemented.

view longer description

50 to >42.5 pts

DISTINGUISHED

Explains how your proposed solution is culturally sensitive, ethical, and equitable within the context of the community and health care setting it will be implemented. Notes specifically how the proposed solution ensures that that both access and cost are equitable across all groups in the community.

42.5 to >35 pts

PROFICIENT

Explains how your proposed solution is culturally sensitive, ethical, and equitable within the context of the community and health care setting it will be implemented.

35 to >0 pts

BASIC

Provides a partial explanation, but does not address each of how the proposed solution is culturally sensitive, ethical, and equitable within the context of the community and health care setting it will be implemented.

0 pts

NON_PERFORMANCE

Does explain how your proposed solution is culturally sensitive, ethical, and equitable within the context of the community and health care setting it will be implemented.

/ 50 pts
Convey purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly communication standards.

view longer description

62.5 to >53.13 pts

DISTINGUISHED

Conveys clear purpose, in a tone and style well-suited to the intended audience. Supports assertions, arguments, and conclusions with relevant, credible, and convincing evidence. Exhibits strict and nearly flawless adherence to organizational, professional, and scholarly communication standards, including APA style and formatting.

53.13 to >43.75 pts

PROFICIENT

Conveys purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly communication standards. Attempts to apply APA style and formatting.

43.75 to >0 pts

BASIC

Conveys purpose, in an appropriate tone or style. Clear, effective communication is inhibited by insufficient supporting evidence and/or minimal adherence to applicable communication standards.

0 pts

NON_PERFORMANCE

Does not convey purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly communication standards.

/ 62.5 pts

Local Healthcare Economic Issue

The fiscal nurse staffing ramifications ensure that healthcare facilities offer top-notch patient services and can effectively allocate resources despite the changing healthcare environment. Hence, it is necessary for hiring managers to evaluate the existing complexities related to nursing workforce management, including these complexities’ long-term effects and financial implications on care quality. The following will describe how nurse staffing affects healthcare organizations as well as assess ways the issue influences our healthcare organization and the gap that causes the need to address the issue. The Healthcare Economic Issue Assignment Discussion

Health Economic Issue and Its Impact on the Specific Population

Inadequate nurse staffing in healthcare organizations is a large economic issue. Nationally, most healthcare organizations face challenges when assessing new applicants for open nursing positions caused by the effects of the undeniable nursing shortage (Brooks Carthon et al., 2020). Most researchers predict that the nurse shortage issue will worsen by 2030, considering that approximately one million nurses will retire and leave the profession. Such factors frustrate healthcare executives when recruiting nurses since the nurses’ retiring surge has significantly contributed to the current nursing shortage (Brooks Carthon et al., 2020)The Healthcare Economic Issue Assignment Discussion. The economic issue related to inadequate nurse staffing revolves around the intensifying older citizens’ healthcare demand increases and early retirement. The impact of retiring nurses is that they have increased healthcare workers’ stress at work, resulting in burnout, thus contributing to the high turnover rates without proper replacement. Also, the growing body of evidence shows that acute care hospitals experiencing inadequate nurse staffing result in various adverse effects like medication errors, patient falls, in-hospital mortality, and hospital-acquired infections (Griffiths et al., 2020). The hypothesis is that healthcare organizations with inadequate staffing fail to achieve patient surveillance quality since nurses have limited time to spend with the patients when giving direct care. Hence, insufficient staffing rations care time and, in most cases, causes missed care that affects overall patient outcomes. That explains why healthcare organizations with inadequate staffing have higher case mortality and morbidity rates.

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The Rationale for Selecting The Healthcare Economic Issue

The main reason for selecting inadequate staffing as a healthcare economic issue is its effect on hospitals’ finances and the inability of these hospitals to meet the Triple Aim requirements. According to Han et al. (2021), hospitals struggle to meet the nurses’ demand and implement quality improvement projects to optimize care and increase positive patient outcomes. That is because the recruiting process has become competitive, and healthcare facilities have to increase these nurses’ wages to meet the demands of healthcare services. As a result, these hospitals are now prompted to offer the nurses better benefits, sign-on bonuses, and double their hourly pay, unlike the initial wage payment, to prevent high turnover. For instance, since the emergence of the COVID-19 pandemic, most hospitals in the United States have paid nurses $100-$150 hourly to compensate for the extreme demand for nursing professionals (Han et al., 2021)The Healthcare Economic Issue Assignment Discussion. Such factors hinder the healthcare organization’s ability to meet the patient’s needs and preferences, particularly in meeting the Triple Aim requirements that enhance the patient and nurse populations’ overall well-being.

Ways The Healthcare Issue Influences Our Healthcare Organization

In our healthcare organization, the issue of inadequate staffing has affected the nurse-to-patient ratios. That is because one key burnout driver among nurses is related to the chronic stress contributed by patient overload (Griffiths et al., 2020). For instance, most nurses in our healthcare organization attend to many patients during their shifts, thus making it hard for them to meet all the patient’s needs and preferences. Consequently, these nurses find it hard to engage in patient surveillance, thus leading to increased cases of missed care and an inability to maintain optimal care outcomes (Han et al., 2021)The Healthcare Economic Issue Assignment Discussion. For instance, there has been an increase in patient falls, leading to increased hospital stays and readmissions, affecting the healthcare reimbursement program. Also, due to the increased wages nurses demand, most healthcare organizations have poor nurse-to-patient ratios since most healthcare administrators are trying to leverage costs by having fewer nurse employees (Han et al., 2021). Such cases leave existing nurses with no option apart from sticking with the plan, which leads to severe consequences for the nurses and patient population, particularly on overall patient outcomes and increased dissatisfaction levels.

The Gap That Causes the Need to Address the Issue

The gap contributing to the need to address inadequate staffing is that most hospitals have increased overtime pay to fill the insufficient nurses’ gap throughout the shifts. Also, insufficient staffing has contributed to increased hospital stays and the likelihood of patient readmission cases related to hospital-acquired infections and complications, affecting the patients and the healthcare organization’s sustainability and competitiveness (Griffiths et al., 2020)The Healthcare Economic Issue Assignment Discussion. Another gap related to inadequate staffing is its contribution towards causing the nursing workforce to lose passion for nursing due to work overload, which makes most of them unable to balance their professional and personal lives. Such circumstances have reduced these nurses’ productivity and contributed to the increased medical errors, which risk the patients’ well-being and safety. Thus, there is a need to address comprehensively to enhance patient and nursing workforce satisfaction levels and achieve optimal care.

Conclusion

The main areas addressed by the paper are describing an economic issue, which, in this case, has been inadequate staffing and its impact on the the community, and the rationale for selecting the healthcare economic issue. Also, the paper has assessed ways the healthcare issue influences our healthcare organization and the gap that causes the need to address the issue. Generally, inadequate staffing has led to many healthcare organizations failing to meet optimal patient outcomes since they focus on meeting the existing nurses’ demands to prevent them from leaving. Hence, inadequate staffing in nursing serves as an economic healthcare issue since healthcare facilities must leverage their finances to meet the risky demand for nurses. The Healthcare Economic Issue Assignment Discussion

References

Brooks Carthon, J. M., Hatfield, L., Brom, H., Houton, M., Kelly-Hellyer, E., Schlak, A., & Aiken, L. H. (2020). System-Level Improvements in Work Environments Lead to Lower Nurse Burnout and Higher Patient Satisfaction. Journal of Nursing Care Quality36(1), 7–13. https://doi.org/10.1097/ncq.0000000000000475

Griffiths, P., Saville, C., Ball, J., Jones, J., Pattison, N., & Monks, T. (2020). Nursing workload, Nurse Staffing Methodologies & Tools: a systematic scoping review & discussion. International Journal of Nursing Studies103(1), 103487. https://doi.org/10.1016/j.ijnurstu.2019.103487

Han, X., Pittman, P., & Barnow, B. (2021). Alternative Approaches to Ensuring Adequate Nurse Staffing. Medical Care59(Suppl 5), S463–S470. https://doi.org/10.1097/mlr.0000000000001614 The Healthcare Economic Issue Assignment Discussion

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