"Effective Utilization of National Resources on Healthcare" is a perfect example of a paper on the health system. The healthcare sector is a hybrid system that is managed both privately and publicly and while profit motive influences the private section, public and non-profit organizations in the sector seek sustainability by ensuring that their income is significant to support expenses. Evidence-based practice can contribute to the financial concerns of the different players in the healthcare sector. Related Topics Cost Minimization Healthcare organizations incur costs on facilities, equipment, consumables, and personnel and economic use of available resources, which are often scarce, is necessary.
The evidence-based practice offers a solution through its approach to determining suitable approaches to care practices. Even though the practice aims at improving care, it can compare the economic implications of applicable practices and identify one that balances cost and benefits. Analytical tools such as “ cost minimization, ” “ cost-effectiveness analysis, ” and “ cost-benefit analysis” identifies the cost implication of practices to inform decisions (Wurmser, 2009, p. 14). A financial statement that comprises of costs and revenues will, therefore, have lower costs of service delivery and improve profits for sustained levels of revenues in a healthcare organization. Increased Revenues A good financial investment that Wurmser (2009) argues for has a strong revenue base that can finance operations and yield surplus for re-investments and returns to investors.
One of the immediate consequences of failing to implement evidence-based practice is poor performance in poor health outcomes. The healthcare sector is however competitive and failure to meet clients’ utility needs would mean losing them to other care providers. Consequently, revenues are bound to decrease and may threaten sustainability. Evidence-based practice, as a tool for effective care, is therefore important for establishing a positive image among consumers that ensure retention and even customer based advertisement towards a greater level of revenues.
Implementing evidence-based practice as a social responsibility, aiming at improving the quality of health in a community, is also likely to develop a positive corporate image, create a bond with the community as a group of consumers, and develop a brand that translates to a high number of clients and increased revenues. The positive image and successful implementation of evidence-based practice could also attract donor-stakeholders who can fund research and increase an institution’ s cash inflow.
Effective Utilization of National Resources on Healthcare The cost implications of Evidence-based practice also apply to national resources because of the large amount of money that the federal government dedicates to healthcare. A $ 1.5 billion dollar investment to increase home visits by nurses and investments to expand nurse force and competencies (Nurse, 2013) are examples and evidence-based practice to identify effective approaches for utilizing the created resources is necessary. Effects of the Affordable Care Act and Healthcare Reform on DNP Prepared Nurse Clinicians and Leaders Affordable Care Act and healthcare reform will empower DNP prepared nurse clinicians and leaders to promote effective care delivery.
The act and reform outline expectations that establish benchmarks for the clinicians and leaders and therefore motivate practices towards the goals (Nurse, 2013). In addition, federal initiatives such as monetary allocations and expansion of workforce resolve challenge that the sector has faced in realizing quality goals. Performance-based incentives, based on evidence by Kurtzman et al. (2011), has been an effective approach to motivating nurse outcome but has faced limitations such as staffing that the reforms and the act’ s provisions resolve.
The clinicians will, therefore, be motivated to promote evidence-based practice that is, directly and indirectly, incident to patient outcome and will be empowered to influence practices towards effective care.
Kurtzman, E. et al. (2011). Performance-based payment incentives increase burden and blame for hospital nurses. Health Affairs, 30(2), 211-218.
Nurse. (2013). Sebelius lauds nurses, pledges continued support. Nurse.com. retrieved from: http://news.nurse.com/article/20130506/NATIONAL02/105130026/-1/frontpage#.VXpxEfmqqko.
Wurmser, T. (2009). The financial case for EBP. Nursing Management, 40(2). 12-14.