Reflection Learning

Instructions

Follow these guidelines when completing this assignment. Contact your course faculty if you have questions.

Write a brief 1-2 paragraph weekly reflection addressing the questions posed in the Reflect section of each weekly module. Edit your Reflection to include each weekly reflection.

Include the following sections in your Reflection:

·  Week 1: Reflect upon your Week 1 learning journey in NR711 and address the following in 1-2 paragraphs:

o  As you assess your learning, provide one specific example of how you achieved one of the weekly objectives.

o  How will you promote collaborative, inter-professional relationships in a rapidly transforming healthcare environment?

o  What do you value the most about your learning this week?

·  Week 2: Reflect upon your Week 2 learning journey in NR711 and address the following in 1-2 paragraphs:

o  As you assess your learning, provide one specific example of how you achieved one of the weekly objectives.

o  How might you use this week’s information to benefit your organization in the future as a DNP-prepared nurse?

o  What do you value most about your learning this week?

·  Week 3: Reflect upon your Week 3 learning journey in NR711 and address the following in 1-2 paragraphs:

o  As you assess your learning, provide one specific example of how you achieved one of the weekly objectives.

o  How might you use the learning this week with your own DNP Project planning?

o  What do you value most about your learning this week?

·  Week 4: As you reflect upon your Week 4 learning journey in NR711 and address the following in 1-2 paragraphs:

o  As you assess your learning, provide one specific example of how you achieved one of the weekly objectives.

o  How might you improve on your communication skills to be more effective as a project manager?

o  What do you value most about your learning this week?

·  Week 5: Reflect upon your Week 5 learning journey in NR711 and address the following in one or two paragraphs:

o  As you assess your learning, provide one specific example of how you achieved one of the weekly objectives.

o  How might the outcomes of your project influence nursing practice and/or patient care, and/or your organization?

o  What do you value most about your learning this week?

·  Week 6: Reflect upon your Week 6 learning journey in NR711 and address the following in one or two paragraphs:

o  As you assess your learning, provide one specific example of how you achieved one of the weekly objectives.

o  How might your knowledge about budgets and financial analysis contribute to providing cost-saving solutions to patient care while improving outcomes?

o  What do you value most about your learning this week?

·  Week 7: Reflect upon your Week7 learning journey in NR711 and address the following in one or two paragraphs:

o  As you assess your learning, provide one specific example of how you achieved one of the weekly objectives.

o  How might your knowledge about current reimbursement trends be useful for you as a DNP-prepared nurse?

o  What do you value most about your learning this week?

I attached all the discussion forums for each week. You can summarize each week in 1-2 paragraphs that will guide you through each week’s attachment.

Reflect upon your readings and professional experience regarding strategic management and innovation and address the following.

Examine ways that a DNP-prepared nurse can be more involved in strategic management decisions.

The DNP is intended for nurses pursuing a final degree in nursing and serves as a credible option to research-focused PhD programs. DNP-prepared nurses are well-equipped to fully execute the science established by PhD, DNS, and other research-focused nursing doctorates-prepared nurses. Leadership skills and roles are essential aspects of nursing. The capacity to adjust and adapt to the ongoing changes in the health care business is a vital leadership skill in nursing (Trautman et al., 2018). Nurse leaders must deal with the uncertainties of their daily lives as well as the continuously changing environment of medicine. Leaders must also explain these adjustments to their subordinates in an efficient manner. One of the primary functions of leaders is to develop and champion the strategy of the organization. As leaders, DNP nurses practitioners also need to be involved in strategic planning.  The article will focus on discussing the techniques to involve DNP nurses in strategic management decision-making.

One of the critical techniques to ensure that DNP practicing nurses are part of the strategic planning and management is through having a strategic management plan. A practical nursing strategic plan lays the groundwork for the future. It provides nurses with a clear path to follow and may revitalize and reinvigorate an organization. A solid strategic strategy is essential for providing exceptional patient care and achieving the best potential outcomes. The second technique is through having an effective communication channel. Communication is an essential aspect when it comes to strategic planning and management. Through communication, every DNP practicing nurse becomes involved as they understand their role and when they should do so. Lastly, training is another essential technique for making sure DNP practicing nurses are involved in strategic planning and management. Through training, they are equipped with essential leadership skills essential for the process.

Explore initiatives and/or strategies that the DNP-prepared nurse can employ to build a culture of quality and safety.

Various groups have defined the phrase “safety culture.” A safety culture represents an organization’s shared perceptions, ideas, principles, and attitudes that combine to form a commitment to safety and an endeavor to limit harm.  Better safety culture and cooperation can assist health systems in reducing patient harm across whole hospital systems and numerous forms of harm. Organizations that fail to prioritize a safety culture risk the following adverse outcomes: Unreported safety incidents and a lack of progress. DNP trained nurse has a role to play when it comes to developing and ensuring a culture that supports quality and safety within the organization where they are working. The article will focus on establishing the initiative and strategies that DNP-trained nurses can implement to ensure quality and safety culture in the organization.

To support a quality culture within the healthcare systems, DNP-trained nurses need to embrace evidence-based care when treating patients. Evidence-Based Practice represents the careful, precise, and thoughtful application of current best evidence in making choices regarding individual patient treatment. It entails combining personal clinical experience with the most acceptable external clinical evidence available via scientific investigation. This helps in the elimination of mistakes and confusion in clinical processes and procedures.

To promote the culture of patient safety, DNP-trained nurses need to conduct patient safety rounds. Making frequent rounds with nurses and other clinicians to discuss patient safety is an excellent method to learn about the team’s difficulties. Again, there is a need for the development of a safety issue reporting mechanism. When a patient safety culture supports health professionals, they are more likely to report safety issues.

References

Trautman, D. E., Idzik, S., Hammersla, M., & Rosseter, R. (2018). Advancing scholarship through translational research: The role of PhD and DNP prepared nurses. Online Journal of Issues in Nursing, 23(2). Retrieved from

https://www.sciencedirect.com/science/article/abs/pii/S0029655418305852 (Links to an external site.)

Zonsius, M. C., Miller, J. M., & Lamb, K. V. (2021). An innovative course to prepare advanced practice registered nurses to spearhead quality and safety initiatives for older adults. Journal of the American Association of Nurse Practitioners, 33(1), 57-65. Retrieved from

 

Describe the process you would follow to assess the organization where you plan to conduct your project for opportunities for improvement including the identification of stakeholders.

The DNP project is important in improving on the organization performance through process improvement approach. In the healthcare organization, I would conduct the DNP project about the Type II Diabetes Mellitus by working collaboratively with the organization professionals in order to get a quality feedback that is worth making informed project improvement. The problem of type II diabetes has become a problem in the society and has affected the operations of the healthcare performance since more resources have been directed towards the treatment of the diabetes patients. The process that I would follow to assess the organization include coming up with a structured questionnaire to source information from the executive management, healthcare providers and the patients. In addition, I would also conduct survey in the community that is served by the healthcare facility by using the questionnaire format and get to understand the challenges that the type II diabetes mellitus has caused. The questionnaire directed to the executive targets on understanding the impact that the disease has brought to the facility and the interventions that are currently in place towards controlling the rising cases of type II diabetes. The healthcare workers also have important information that is critical for the DNP project and this include the history of most of the patients like if the condition is hereditary or more of patients lifestyle (Gruss et al., 2020). The questionnaire directed to the public gives the feedback about their lifestyle and this would dictate about the intervention and in this case changing the lifestyle is the most significant approach in reducing the cases in the healthcare facility. The stakeholders that are critical in achieving the project success include the healthcare providers, executive management, patients and the public (Ross et al., 2020).

Determine the ultimate goals for your DNP project and how they relate to the organization’s mission and vision.

The goals of the project are to minimize the number of type II diabetes by funding the preventive approaches that would be cheaper than the treatment of the disease. The other objective of the project is to improve the healthcare of the people in the community and minimize type II diabetes and mortality rate and ensure that people are living quality life. The mission of the healthcare organization is to inspire hope to the patients and provide the best and quality care to patients and this relates with the DNP goals of making sure that patients gets quality care through preventive approach and also more resources are directed towards other diseases. The approach of reducing the lifestyle disease cases in healthcare ensure that the limited number of type II patients that would be there for the services would get the necessary attention and intervention needed. Prevention is important in the healthcare and serves the interest of the healthcare facility mission of improving the quality life of its population (Herman, 2015). The vision of the organization is to offer the best patient-centered care and become the best global care facility and this is achieved when the project is supported and succeed because prevention approach is the way to go for the increasing lifestyle diseases and require the healthcare facility to lead the way of changing the lifestyle in the society by providing guidance and awareness to achieve success.

References

Gruss, S., Nhim, K., Gregg, E., Bell, M., Luman, E., & Albright, A. (2020). Correction to: Public Health Approaches to Type 2 Diabetes Prevention: the US National Diabetes Prevention Program and Beyond. Current Diabetes Reports, 20(8). https://doi.org/10.1007/s11892-020-01323-x (Links to an external site.)

Herman, W. (2015). The cost-effectiveness of diabetes prevention: results from the Diabetes Prevention Program and the Diabetes Prevention Program Outcomes Study. Clinical Diabetes And Endocrinology, 1(1). https://doi.org/10.1186/s40842-015-0009-1 (Links to an external site.)

Ross, L., Bana, F., Blacher, R., McDivitt, J., Petty, J., Beckner, J., & Montierth, R. (2020). Continuous Stakeholder Engagement: Expanding the Role of Pharmacists in Prevention of Type 2 Diabetes Through the National Diabetes Prevention Program. Preventing Chronic Disease, 17. https://doi.org/10.5888/pcd17.190374

Reflect upon your readings and personal or professional experience and address the following.

Defend the scope as the backbone of any project and why it must be accurately assessed by the project manager.

A project scope represents the crucial component of project planning involving the identification and documentation of a summary of precise set objectives, deliverables, activities, expenses, and deadlines of a project.  The scope statement also gives rules for the team members to follow when making judgments regarding modification requests during the project. Project scope is the back born of any successful project since, without it, project leaders have no idea how much time, money, or labor is required in a project (Althiyabi & Qureshi, 2021). It serves as the foundation for every choice a project leader makes on the job and when things need to change, and an effective communication process guarantees success at every step of the project. The project scope also acts as a point of reference and benchmarking when things go wrong.

Managers can keep on track and guarantee that all deadlines are met with an accurately defined project scope throughout the project life cycle. An accurate project scope helps the management avoid typical problems such as constantly having goals and criteria in the middle of the project, which clearly defined goals through a project’s scope it becomes difficult to shift goals and timelines, thereby ensuring that the project is accurately delivered.

Describe how issues that occur during a project are frequently related to the scope. Examine how poorly defined project scope statements are often linked to project problems, or even to failed projects.

Project scope difficulties and challenge areas are instances throughout project implementation where the development team experiences problematic situations that may have an adverse effect on project scope. Some may have previously been identified as prospective scope impact issues, in which case they may be expected—and prepared against (Ajmal et al., 20119). On the other hand, others can be unanticipated and are likely to worry the project manager. Since projects impact many areas, be it the environment and the magnitude of the resources utilized within the project, the project scope is prone to challenges and problems that touch on industrial disputes, unexpected and sustained weather conditions that affect the schedules of the projects. The unexpected loss of key staff in the project also affects the scope of the project. Also, difficult and changing demands from stakeholders can be a bigger source of issues. Other issues such as the arrival of new technology, epidemics, and epidemics which might result in widespread absenteeism, are key issues to the scope of the project

A poor and inaccurately defined project scope leads to poor time management. Poor planning implies that the timetable that staff members are intended to observe is not established. As they work on the projects, the participants will have no idea what is required of them. There would be no deadlines to achieve, resulting in a sluggish attitude among the team members. Secondly, the budget, which is a key aspect to the project’s success, will either be constrained through changing objectives or be overbudgeted, which in the long run will lead to wastage or the lack of resources, which is detrimental to the success of the project—lastly, failure to plan subjects the project to unanticipated high risks and issues. This wastes time while the team tries to figure out how to tackle the project’s problems. Because time is money, the project funding will be spent to resolve difficulties that develop due to inadequate planning. As a result, the initiative will be doomed to failure.

 

References

Ajmal, M., Khan, M., & Al-Yafei, H. (2019). Exploring factors behind project scope creep–stakeholders’ perspective. International Journal of Managing Projects in Business. Retrieved from

https://www.emerald.com/insight/content/doi/10.1108/IJMPB-10-2018-0228/full/html (Links to an external site.)

Althiyabi, T., & Qureshi, M. (2021). Predefined Project Scope Changes and its Causes for Project Success. International Journal of Software Engineering & Applications (IJSEA), 12(2/3). Retrieved from

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3882594

Examine why is it important to identify stakeholders and the project team early on when undertaking a project.

Project management represents the use of techniques, methodologies, abilities, expertise, and experiences to accomplish particular project goals within agreed-upon boundaries, in accordance with the project established standards. The ultimate outputs of project management are bound by a specific budget and timeline (Silvius, 2017). The article will examine the importance of identifying stakeholders and the project team early when undertaking a project and then describe some of the organizational cultural factors that will need to be overcome during project management.

Stakeholder identification is critical for identifying the stakeholders in a project and for establishing the best method or methods for managing their expectations. Regardless of their position, each stakeholder wants or anticipates something from the project or its conclusion. As DNP-trained nurses, we may use this edge in various situations, such as during a project proposal meeting. The more completely a person considers stakeholder interests while setting project goals, working techniques, planning, and issue resolution, the more likely their project will be accepted. Stakeholder identification enables straightforward communication during regular reports or project progress sessions. It is critical to understand who the stakeholders are and their role in the development and implementation stages of the project in order to correctly answer their expectations or reservations. Communications then become a two-way street, placing a person in a better position to handle the stakeholder-project manager relationship successfully. Identifying and converting stakeholders who are not presently participating in the project might help secure additional financing or assets. Additionally, active contributions might take the shape of advocacy. Connecting to what stakeholders need or want from the project may be critical throughout the proposal process when project support is critical and during the beginning phases of organizing and successfully pushing a project ahead.

Consider the organizational culture where you plan to implement your DNP project. Describe organizational cultural barriers that may be present that will need to be overcome for project success.

Organizational culture represents the acceptable code of conduct within an organization. Culture is built over time and also take time to change. Some of the organization’s cultural aspects that can hinder the success of a project management initiative include code of conduct, ethics, and working hours. For example, if the organization culture supports harmful vices such as rudeness at work, lack of orderliness and indiscipline through the lack of a clear and code of conduct document, this will lead to disorganization and a lack of a clear focus within the project management, thereby leading to wastage of resource and time. Another organizational culture that can be an obstacle to the successful implementation of a project is an effective reward and incentive system; this will lead to a lack of morale for the employees and the critical team players of the project. Lastly, the lack of clear and concise communication and power structure within an organization can also be an obstacle to implementing a project.

For your DNP project, detail your implementation plan to include milestones.

My DNP project implementation plan would involve the planning phase which is also the conception period where all the project basics will be discussed. For example, the planning phase include the problem identification, development of practice problem statement and selection of an intervention, submission to the IRB and project acceptance (milestone 1). Data collection phase where literature is reviewed, participants identification, preparation and education (milestone 2). Implementation of intervention when the actual execution of the project will take place (milestone 3). The next phase will be the evaluation of the project outcomes where also the decision on the progress of the project will made and lastly the follow up stage in which the projects out come and progress will be assessed (milestone 4)

Reference

Silvius, G. (2017). Sustainability as a new school of thought in project management. Journal of cleaner production, 166, 1479-1493. Retrieved from

https://www.sciencedirect.com/science/article/abs/pii/S0959652617317444

Examine why is it important to identify stakeholders and the project team early on when undertaking a project.

Project management represents the use of techniques, methodologies, abilities, expertise, and experiences to accomplish particular project goals within agreed-upon boundaries, in accordance with the project established standards. The ultimate outputs of project management are bound by a specific budget and timeline (Silvius, 2017). The article will examine the importance of identifying stakeholders and the project team early when undertaking a project and then describe some of the organizational cultural factors that will need to be overcome during project management.

Stakeholder identification is critical for identifying the stakeholders in a project and for establishing the best method or methods for managing their expectations. Regardless of their position, each stakeholder wants or anticipates something from the project or its conclusion. As DNP-trained nurses, we may use this edge in various situations, such as during a project proposal meeting. The more completely a person considers stakeholder interests while setting project goals, working techniques, planning, and issue resolution, the more likely their project will be accepted. Stakeholder identification enables straightforward communication during regular reports or project progress sessions. It is critical to understand who the stakeholders are and their role in the development and implementation stages of the project in order to correctly answer their expectations or reservations. Communications then become a two-way street, placing a person in a better position to handle the stakeholder-project manager relationship successfully. Identifying and converting stakeholders who are not presently participating in the project might help secure additional financing or assets. Additionally, active contributions might take the shape of advocacy. Connecting to what stakeholders need or want from the project may be critical throughout the proposal process when project support is critical and during the beginning phases of organizing and successfully pushing a project ahead.

Consider the organizational culture where you plan to implement your DNP project. Describe organizational cultural barriers that may be present that will need to be overcome for project success.

Organizational culture represents the acceptable code of conduct within an organization. Culture is built over time and also take time to change. Some of the organization’s cultural aspects that can hinder the success of a project management initiative include code of conduct, ethics, and working hours. For example, if the organization culture supports harmful vices such as rudeness at work, lack of orderliness and indiscipline through the lack of a clear and code of conduct document, this will lead to disorganization and a lack of a clear focus within the project management, thereby leading to wastage of resource and time. Another organizational culture that can be an obstacle to the successful implementation of a project is an effective reward and incentive system; this will lead to a lack of morale for the employees and the critical team players of the project. Lastly, the lack of clear and concise communication and power structure within an organization can also be an obstacle to implementing a project.

For your DNP project, detail your implementation plan to include milestones.

My DNP project implementation plan would involve the planning phase which is also the conception period where all the project basics will be discussed. For example, the planning phase include the problem identification, development of practice problem statement and selection of an intervention, submission to the IRB and project acceptance (milestone 1). Data collection phase where literature is reviewed, participants identification, preparation and education (milestone 2). Implementation of intervention when the actual execution of the project will take place (milestone 3). The next phase will be the evaluation of the project outcomes where also the decision on the progress of the project will made and lastly the follow up stage in which the projects out come and progress will be assessed (milestone 4)

Reference

Silvius, G. (2017). Sustainability as a new school of thought in project management. Journal of cleaner production, 166, 1479-1493. Retrieved from

https://www.sciencedirect.com/science/article/abs/pii/S0959652617317444

Measuring the Success of the DNP Project

Here are five factors that will be taken into account when measuring the success of the DNP project. The first factor is scope. This refers to the extent to which the project meets the set objectives and goals. Based on the outlined objectives and goals, a successful DNP project will provide insight into a change that significantly affects healthcare outcomes either via direct or indirect care. The insight will also have an aggregate/population focus and demonstrate clear implementation of a defined practice in the relevant practice arena (Root et al., 2018). A successful project will also have a plan for sustainability with regards to the insight given to solve the specific problem identified during the setting of the project goals and objectives.

Second, there is the aspect of schedule. The success of the DNP project will be appraised based on whether the original timeline was kept or not. The project schedule will be updated regularly, for instance, on a weekly basis. Thereafter the evaluation of the schedule will be done formally at the end of the DNP project a vital tool such as a Gantt chart will be vital in assessing how well the project adhered to the set schedule. The schedule is an essential element in any DNP project since it determines the resources that will be spent on the project. Keeping up with the schedule implies that the likelihood of sticking to the budget will be high (Dols, Hernández, & Miles, 2017). However, spending more time than what the schedule allocated for the project means there will be a need for extra resources to spend on the extra period.

Third, there is the aspect of the budget. A successful DNP project will not exceed the budget allocated for its completion during the planning phase. Roush and Tesoro (2018) assert that delivering any project successfully without surpassing the set budget is one of the biggest accomplishments for any organization. Therefore, adhering to a budget when doing the DNP project gives one the relevant experience necessary to replicate the same when dealing with real-life projects in the external environment away from the educational setting. Several factors will be considered in this regard including variable costs, fixed costs, indirect/direct costs, resources, and manpower, in addition to any other thing that may affect the overall expenses accrued in the implementation of the project.

Fourth, there is quality. According to Dols, Hernández, and Miles (2017), “sometimes, meeting the objectives is not sufficient enough in gaining a secure spot in the market” (p. 84). This implies that it is important to try and exceed the expectations set during the planning phase of the DNP project. This can be achieved by delivering high-quality results for the DNP project. However, it is vital to acknowledge the relatively ambiguous nature of quality compared to the other success criteria mentioned above. Nevertheless, exceeding the deliverables set during the planning phase will be a good indicator of the level of quality achieved in the DNP project. Also, comparing the results of the DNP project compared to similar projects from other parties will reveal the quality of work done and portray a good measure of success.

Finally, there is the element of stakeholder satisfaction. The DNP project has several stakeholders who are invested in its outcome. Each stakeholder has certain expectations on how the DNP project should end up. Thus, a good way of measuring the success of the DNP project is to appraise each stakeholder and find out how each of them rates the outcome of the project. The higher the ratings given by each stakeholder, the higher the satisfaction level they have in the project. In turn, this is a good measure of the success of the project. Poor ratings imply that the expectations of the stakeholders were not met, which in turn points to a poorly completed DNP project. In conclusion, these five factors are crucial in determining if the DNP project is successful or not. A regular appraisal of each element is vital during the planning and implementation phase to ensure the DNP project is on track to being successful in the end.

References

Dols, J. D., Hernández, C., & Miles, H. (2017). The DNP project: Quandaries for nursing scholars. Nursing Outlook, 65(1), 84-93.

Root, L., Nuñez, D. E., Velasquez, D., Malloch, K., & Porter-O’Grady, T. (2018). Advancing the rigor of DNP projects for practice excellence. Nurse Leader, 16(4), 261-265.

Roush, K., & Tesoro, M. (2018). An examination of the rigor and value of final scholarly projects completed by DNP nursing students. Journal of Professional Nursing, 34(6), 437-443.

Challenge: Increasing Cost of Healthcare

The cost of providing healthcare continues being steep, and it is a continuous problem. Millions of people get sick every day and there are new emerging diseases that are causing an influx in healthcare facilities. Nurses in practice continue facing numerous challenges that come with this congestion of patients in hospitals. Some of the problems include stress, fatigue, and other issues. However, aside from the clinical effects, one major challenge that is affecting nurses, healthcare facilities, and healthcare systems is an increase in healthcare costs which is facing almost every healthcare facility. According to Shrank et al., (2021), the increase in healthcare costs affects almost every department and the delivery of healthcare services in a facility. It leads to the inability of a healthcare organization to provide efficient and effective healthcare services. This leads to poor client satisfaction and lower patient turnout due to lack of standard and high-quality healthcare services.

The decline in facility revenues affects the nurses’ provision of healthcare services to patients. Some nurses even lose their jobs in the facility’s aim to reduce healthcare costs. Some measures involve nurses working for few hours to reduce the amount of compensation they receive. According to Toader (2014), the extent of the damage caused by the increase in healthcare costs depends on the measures the healthcare facility’s management decides to take. This affects the morale of healthcare providers and their intrinsic motivation. Every nurse wants to provide healthcare in an environment where there is a chance for them to fully exploit their knowledge, potential, and skills without limitations. They want to work with a healthcare organization that can allow them achieve their personal short-term and long-term goals which may include a better compensation and many other goals.

 

Strategies of Resolving the Challenge of Increased Healthcare costs

Standardization of Services

For any healthcare organization focused on cost reduction in healthcare, standardization is its best opportunity. For instance, some of the reasons for the rise of healthcare costs is different departments working separately with huge budges. Outsourcing specialties such as pharmacies, laboratory services, information technology, and human resources will help in reducing costs. It will help in reducing overhead costs and save up some dollars that can be invested in crucial areas and functions such as clinicians. Having too many and complex specialties can consume a lot of money and complicate the provision of effective and efficient healthcare services.

 

Streamlining patient flow

Streamlining the way patients enter and leave the facility will help a lot in regulating financial costs. Some hospitals are experiencing the problem of long queues which are not only costly to the patient but also cost the healthcare facility financially. “Standardizing how patients move around in your hospital is a great way to reduce costs and improve the quality of care” (Compass One Healthcare, 2018). Ensuring there is enough staff to handle patients as they come in and leave the facility will ensure a high level of efficiency and effectiveness. It will promote the provision of high-quality healthcare services and this will attract clients to the facility, thus increasing revenue. In addition, the optimization of patient flow will see the facility reduce patient wait times and delays, preserve resources, and ensure the facility can handle the maximum number.

Other important strategies include managing the healthcare staff and reducing patient readmissions. Managing the healthcare staff does not mean laying-off nurses. It includes reducing over-time, encouraging coordination, and training. These are essential strategies in reducing costs. Patient readmissions are another cause of increased healthcare costs. Therefore, ensuring proper admission, handling, and discharge of patients will help a lot in reducing hospital readmissions while increasing the quality of care.

Generally, every healthcare facility has to focus on managing healthcare costs. An increase in healthcare costs is a danger to a healthcare organization and essential strategies must be put in place to prevent the rise in costs. Issues such as long wait times and too many complex specialties lead to an increase in healthcare costs for facilities. Standardizing services, streamlining patient flow, minimizing overtime, and reducing readmissions are essential in reducing healthcare costs.

 

References

Compass One Healthcare (2018). Cost Reduction Strategies for Health Systems. Retrieved from https://www.compassonehealthcare.com/blog/cost-reduction-strategies-health-systems/ (Links to an external site.)

Shrank, W. H., DeParle, N. A., Gottlieb, S., Jain, S. H., Orszag, P., Powers, B. W., & Wilensky, G. R. (2021). Health Costs And Financing: Challenges And Strategies For A New Administration: Commentary recommends health cost, financing, and other priorities for a new US administration. Health Affairs, 40(2), 235-242.

Toader, E. (2014). The effects of rising healthcare costs on the US economy. American Journal of Medical Research, 1(2), 44-50.

Analyze how healthcare reimbursement influences your nursing practice.

Health care is significantly changing with time, and one of these changes is how health care facilities and providers are compensated for offering service. One of these ways is through reimbursement. Health care reimbursement is the payment given to a health care facility or a health care provider for offering medical service to a patient (Torrey, 2020). This cost is often covered by a patient’s health insurer or a government payer. In health care reimbursements are beneficial because they discourage DNP-prepared nurses from establishing their own independent practices. This is because at their own practices they would receive less reimbursement under their own number than under that of a physician. If the reimbursement rates were equal more DNP-prepared nurses would establish their own practices and this would increase competition.

Due to healthcare reimbursement, models that emphasize cost-effective decisions by DNP-prepared nurses are developed. These decisions are offer patients with quality medical care rather than sacrificing the patient service quality. Innovations such as price transparency tools as well as patient engagement apps help the nursing practice during the implementation of healthcare reimbursement. The patient outcome as well as the low-cost care provided by health care providers has an influence on the reimbursement received. Health care reimbursement tends to motivate health care providers because they earn more when the care they provide is of high quality as well as low cost.

DNP- prepared Nurses’ role helps Nurse Practitioners to prepare for the advancement they will encounter in their nursing career in health care. This enables them to be more competent and have more knowledge when offering quality health care. The main goal of the health care reimbursement system is to pay health care providers based on their performance. This means that being more advanced and competent is beneficial for a DNP in order to provide high-quality care to patients. This simply means that if they offer high-quality care, the reimbursement will reflect this and they will be paid more. And if they are not competent, then the reimbursement will be vice versa.

2- Examine how the value-based insurance design (VBID) influences clinical outcomes and cost issues.

The aim of value-based insurance design is to increase the quality of health care while decreasing the cost by using financial incentives to promote cost-efficient health care services and consumer choices. In order to remove roadblocks as well as maintain and improve a person’s health, health benefit plans can be developed. These plans tend to save money by reducing future expensive medical procedures. They do this by covering treatments such as prescribed drugs at a low cost or no cost, preventive care as well as wellness visits (Lexchin, 2020).

The healthcare industry is making a shift toward value-based reimbursement models and away from volume-based care (Hazelzet & Van Weert, 2021). They are making this change because health care providers are reimbursed by value-based insurance design which is based on the quality of care that they provide to their patients. This tends to be different as compared to volume-based care which offers payment based on each procedure or test done. Value-based insurance design favors the quality of care offered to patients rather than the quantity. This tends to have a positive influence on clinical outcomes as well as cost issues. This is because value-based insurance design benefits the patient as well as the provider and health care facility. It offers high-quality medical care to patients at a lower and more affordable cost.

References

Hazelzet, J., & Van Weert, N. (2021). Personalized health care as value-based care. Personalized Specialty Care, 7-15.  https://doi.org/10.1007/978-3-030-63746-0_2 (Links to an external site.)

Lexchin, J. (2020). Who assigns value in value-based insurance design? Canadian Medical Association Journal192(1), E15-E15.  https://doi.org/10.1503/cmaj.73617 (Links to an external site.)

Torrey, T. (2020). How healthcare providers are paid by reimbursement. Verywell Health.  https://www.verywellhealth.com/reimbursement-2615205

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