Question:
What is Health Economics and how can it influence your practice?
Discuss the important issues in your practice that relate to health economics and/or finance in health care.2.
According to the data, this week’s readings show that our health system is either in crisis or needs major reforms.
Are you in agreement?
Your argument should support your position.
Your argument can be supported by a variety of economic concepts, such as those discussed in the readings.3.
Consider how economic circumstances affect the APN role.
APNs need to be knowledgeable about finance and health economics.4.
What does this discipline look like when it comes to economics and finance?5.
What is important about healthcare economics and finance?6.
Centers of Medicare Services and Medicaid Services project that the United States’ gross domestic product (GDP) for medical expenses will reach almost 20% by 2020.
The United States spends more healthcare than any other country (Penner, 2013,).
Is the US healthcare system failing?
Answer to Question: NRS 433V Introduction To Nursing Research
Health economics refers to a branch within economics that studies efficiency, effectiveness, value-creation, and consumption in the sector of health care.
Economists study functions in the healthcare sector and how these relate to finance and economics.
Allocation of resources, costs, use of resources and efficiency are the key issues.
These include the mobilization of resources for health care and their allocation to specific health sector or regions in the country.
Another important aspect of financing health care services is the payment methods that citizens use to cover their healthcare costs.
The practice can also be involved in the allocation of resources to ensure affordability for people from different social groups.
Since many are unable or unwilling to pay for insurance, the problem of medical insurance has been a major concern in the country.2.
A number of factors are responsible for the current failure of the health care system.
Culyer, (2014). Successful health care systems have clear characteristics like being efficient, properly allocating resources, and cost effective.
If you look at the current state of the health care system, it will be obvious that it has not met the standards for a successful system.
The current health system is too expensive and difficult to afford.
With many funds going to the wrong purposes, the utilization of resources for health care is also questionable.3.
APNs play an extremely important role in healthcare and in particular in managing the finances of the health care department.
APN’s face a difficult situation in current times because they must provide medical care for all patients regardless of the adverse conditions.
Insufficient equipment and drugs may make it difficult for patients to receive services. This makes it impossible for the health care system to provide the best possible care.
APNs must be educated in health economics so they can make improvements to the system and use resources efficiently (Rosenthal 2017.4.
There are many reasons why economic discipline has a large impact on the practice of health care.
Because health care is a service that provides healthcare services to the citizens, it requires substantial budget allocation.
The allocation, management, and optimal use of these resources are crucial for achieving health care goals. (Feldstein, 2012.
The article examines the effects of health economics on health care professions.
It also shows the importance of having health insurance and how it improves healthcare delivery.5.
Financial and economics are very important in the health care industry.
It aids in the efficient allocation of resources.
This helps to ensure that the government is addressing all areas of health.
According to the specific needs of each region, resources must be allocated fairly.
Health care is a complex area that requires economic analysis. It is essential to calculate the cost of providing the services.
The next step is to determine the cost of providing services.
To ensure that these resources can be used efficiently, it is crucial for those in charge to have a good understanding of health economics.
Economics are crucial in health care.6.
This opinion on the posting indicates that the health-care system has not been successful in raising capital.
It is well written and includes references to other quoted text.
Funding for health care is also difficult because so many people do not have insurance and are unable to pay for their medical costs.
In order to improve the quality of healthcare delivery in the country, the Affordable Health care Act should be reviewed.
References
Culyer A. J. (2014).
Encyclopedia of economics in health. Amsterdam: Elsevier.Feldstein, P. J. (2012). Health care economics. Clifton Park, NY: Delmar Cengage Learning.Mervio, M. M. (2013).
Healthcare management, economics: Perspectives in public and private governance.
Hershey, Pa.: IGI Global (701 E. Chocolate Avenue Hershey Pennsylvania 17033, USA).Rosenthal, E. (2017).
An American sickness: How healthcare became a huge business and how we can reverse it.