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Nursing Management and Professional Concepts 2e: 8.1 Health Care Economics Introduction

Nursing Management and Professional Concepts 2e
8.1 Health Care Economics Introduction
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table of contents
  1. Cover
  2. Title Page
  3. Copyright
  4. Table Of Contents
  5. Introduction
  6. Preface
  7. Standards and Conceptual Approach
  8. Chapter 1 - Overview of Management and Professional Issues
    1. 1.1 Overview
  9. Chapter 2 - Prioritization
    1. 2.1 Prioritization Introduction
    2. 2.2 Tenets of Prioritization
    3. 2.3 Tools for Prioritizing
    4. 2.4 Critical Thinking and Clinical Reasoning
    5. 2.5 Time Management
    6. 2.6 Spotlight Application
    7. 2.7 Learning Activities
    8. II Glossary
  10. Chapter 3 - Delegation and Supervision
    1. 3.1 Delegation & Supervision Introduction
    2. 3.2 Communication
    3. 3.3 Assignment
    4. 3.4 Delegation
    5. 3.5 Supervision
    6. 3.6 Spotlight Application
    7. 3.7 Learning Activities
    8. III Glossary
  11. Chapter 4 - Leadership and Management
    1. 4.1 Leadership & Management Introduction
    2. 4.2 Basic Concepts
    3. 4.3 Implementing Change
    4. 4.4 Spotlight Application
    5. 4.5 Learning Activities
    6. IV Glossary
  12. Chapter 5 - Legal Implications
    1. 5.1 Legal Implications Introduction
    2. 5.2 Understanding the Legal System
    3. 5.3 Professional Liability and Your Nursing License
    4. 5.4 Frequent Allegations and SBON Investigations
    5. 5.5 Protecting Your Nursing License
    6. 5.6 Other Legal Issues
    7. 5.7 Spotlight Application
    8. 5.8 Learning Activities
    9. V Glossary
  13. Chapter 6 - Ethical Practice
    1. 6.1 Ethical Practice Introduction
    2. 6.2 Basic Ethical Concepts
    3. 6.3 Ethical Dilemmas
    4. 6.4 Ethics Committees
    5. 6.5 Ethics and the Nursing Student
    6. 6.6 Spotlight Application
    7. 6.7 Learning Activities
    8. VI Glossary
  14. Chapter 7 - Collaboration Within the Interprofessional Team
    1. 7.1 Collaboration Within the Interprofessional Team Introduction
    2. 7.2 IPEC Core Competencies
    3. 7.3 Values and Ethics for Interprofessional Practice
    4. 7.4 Roles and Responsibililites of Health Care Professionals
    5. 7.5 Interprofessional Communication
    6. 7.6 Teams and Teamwork
    7. 7.7 Conflict Resolution
    8. 7.8 Nursing Responsibilities in Interprofessional Collaborative Practice
    9. 7.9 Spotlight Application
    10. 7.10 Learning Activities
    11. VII Glossary
  15. Chapter 8 - Health Care Economics
    1. 8.1 Health Care Economics Introduction
    2. 8.2 Trends Related to Increased Health Care Costs
    3. 8.3 Health Care Funding
    4. 8.4 Health Care Reimbursement Models
    5. 8.5 Budgets and Staffing
    6. 8.6 Resource Stewardship and Case Management
    7. 8.7 Spotlight Application
    8. 8.8 Learning Activities
    9. VIII Glossary
  16. Chapter 9 - Quality and Evidence-Based Practice
    1. 9.1 Quality and Evidence-Based Practice Introduction
    2. 9.2 Quality Care
    3. 9.3 Measuring and Improving Quality
    4. 9.4 Evidence-Based Practice and Research
    5. 9.5 Spotlight Application
    6. 9.6 Learning Activities
    7. IX Glossary
  17. Chapter 10 - Advocacy
    1. 10.1 Advocacy Introduction
    2. 10.2 Basic Advocacy Concepts
    3. 10.3 Individual and Interpersonal Advocacy
    4. 10.4 Community and Organization Advocacy
    5. 10.5 Policy Advocacy
    6. 10.6 Steps to Becoming an Advocate
    7. 10.7 QSEN: Advocating for Patient Safety and Quality Care in Nursing Education
    8. 10.8 Spotlight Application
    9. 10.9 Learning Activities
    10. X Glossary
  18. Chapter 11 - Preparation for the RN Role
    1. 11.1 Preparation for the RN Role Introduction
    2. 11.2 Preparing for the NCLEX
    3. 11.3 Obtaining Your Nursing License
    4. 11.4 Applying for a Nursing Position
    5. 11.5 Transitioning to the RN Role
    6. 11.6 Lifelong Learner
    7. 11.7 Spotlight Application
    8. 11.8 Learning Activities
    9. XI Glossary
  19. Chapter 12 - Burnout and Self-Care
    1. 12.1 Burnout & Self-Care Introduction
    2. 12.2 Stress in the Health Care System
    3. 12.3 Identifying Stress in Self
    4. 12.4 Acknowledging Stress in Others
    5. 12.5 Organizational Stress & Retention Cycle
    6. 12.6 Mitigating Stress With Self-Care
    7. 12.7 Emerging Models
    8. 12.8 Spotlight Application
    9. 12.9 Learning Activities
    10. XII Glossary
  20. Answer Keys
    1. Chapter 1
    2. Chapter 2
    3. Chapter 3
    4. Chapter 4
    5. Chapter 5
    6. Chapter 6
    7. Chapter 7
    8. Chapter 8
    9. Chapter 9
    10. Chapter 10
    11. Chapter 11
    12. Chapter 12
  21. Appendix: Classroom Activities
  22. Master Glossary

8.1 Health Care Economics Introduction

Learning Objectives

  • Summarize the requirements of funding and reimbursement sources for client care services
  • Explore how political, social, and demographic trends have affected the client population and delivery of health care
  • Analyze the link between economics and quality
  • Describe nursing strategies to provide cost-effective care
  • Examine economic pressures impacting case management and the management of institutional resources
  • Describe the impact of evidence-based practice on health care economics and client care outcomes

Whether health care is a right or a privilege is a historical ethical question debated around the world that ultimately leads to the question, “Who gets what resources?” Economics is the study of how individuals and societies make decisions about how to use their limited resources. Health care is considered a limited resource because there isn’t enough money or time in the world to purchase and provide care for every individual in every conceivable manner. The ethical question of who pays for that care is referred to as the ethics of rationing health care.

Economics is split into two broad categories called macroeconomics and microeconomics. Macroeconomics looks at decisions that affect the entire society as a whole, whereas microeconomics looks at the financial decisions of businesses and individuals.[1] This chapter will provide an overview of the broad topics of health care funding and reimbursement models at a societal level, as well as staffing and budgeting issues at the institutional level that impact nurses in their day-to-day work. Economics in health care affects an individual’s ability to pay for and receive health care, the ability of an institution to provide health care services, and nurses’ ability to provide safe, quality care to the communities they serve.

  1. Khan Academy. (2017, August 8). Macroeconomics unit: Basic economics concepts. https://www.khanacademy.org/economics-finance-domain/macroeconomics/macro-basic-economics-concepts ↵

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8.2 Trends Related to Increased Health Care Costs
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