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Health Economics and Finance

Choose either an area of financing OR reimbursement that is related to nursing that is NOT part of the ACA or current law and proposes a new policy.
Directions: As an academic assignment, refrain from the use of jargon or colloquial language. Remember to spell out acronyms as you cannot assume your reader has a healthcare background. Be extremely cautious to ensure your statements, facts, and figures are supported with current and original citations.
Frame your paper around the following:
Content should be 10-12 pages (references and cover page are not included as part of this number.)
Choose either an area of financing OR reimbursement that is related to nursing that is NOT part of the ACA or current law and proposes a new policy.
A more circumscribed area- like reimbursement in Medicare for outpatient nursing service would aid in your project.
The content should include the following elements:
1) Need for policy change
2) Clear articulation of proposed policy including any empiric evidence that it would enhance the value of health care
3) Who would benefit and who might be burdened by a new policy
4) Likely support and opposition to policy from
a) political parties
b) interest groups
5) Likely impact on costs

Full Answer Section

The current healthcare reimbursement system does not adequately reflect the value of nurses and their contributions to patient care. This undervaluation of nursing services has resulted in low salaries and limited opportunities for advancement, further exacerbating the nursing shortage.

To address this issue, I propose a new policy that would enhance nursing workforce reimbursement and provide incentives for nurses to enter and remain in the profession. This policy would include the following key components:

Nurse Salary Supplement: A federal program would be established to provide supplemental funding to hospitals, clinics, and other healthcare facilities that employ nurses. This funding would be used to increase nurse salaries and make the nursing profession more financially attractive.
Loan Forgiveness for Nurses: Nurses would be eligible for loan forgiveness programs to help them alleviate the financial burden of their education. This would encourage more individuals to pursue nursing careers and reduce the financial barriers to entry into the profession.
Tuition Reimbursement for Nurse Educators: To address the shortage of nurse educators, a tuition reimbursement program would be implemented to encourage nurses to pursue advanced degrees in nursing education. This would increase the number of qualified nurse educators and improve the quality of nursing education.
Nurse Residency Programs: Nurse residency programs would be expanded and funded to provide new nurses with structured training and support during their first years of practice. This would help new nurses transition into the profession successfully and reduce the risk of burnout.
Nurse Career Advancement Programs: Funding would be provided for nurse career advancement programs that offer opportunities for nurses to specialize in different areas of care and pursue leadership positions. This would encourage nurses to continue their professional development and advance their careers in nursing.

Impact of the Proposed Policy

The proposed policy would have a significant impact on the nursing workforce and patient care. By enhancing nursing workforce reimbursement and providing incentives for nurses to enter and remain in the profession, this policy would help to:

Increase the supply of qualified nurses.
Reduce nurse turnover and burnout.
Improve the quality of care provided to patients.
Address the nursing shortage in rural and underserved communities.

Conclusion

The nursing shortage is a critical issue that is affecting the healthcare system and patient care across the country. The proposed policy would provide a comprehensive approach to addressing this issue by enhancing nursing workforce reimbursement, providing incentives for nurses to enter and remain in the profession, and improving the quality of nursing education. By investing in the nursing workforce, we can ensure that patients have access to the high-quality care they deserve

Sample Answer

Introduction

The nursing profession is facing a critical shortage that has far-reaching consequences for the healthcare system and patient care. The demand for qualified nurses is outpacing the supply, leading to increased workloads, burnout, and a decline in the quality of care. This shortage is particularly acute in certain areas, such as rural communities and specialty care settings.