DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
Grand Canyon University DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?-Step-By-Step Guide
This guide will demonstrate how to complete the DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project? assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.
How to Research and Prepare for DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
Whether one passes or fails an academic assignment such as the Grand Canyon University DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project? depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.
After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.
How to Write the Introduction for DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
The introduction for the Grand Canyon University DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project? is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.
How to Write the Body for DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
After the introduction, move into the main part of the DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project? assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.
Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.
How to Write the Conclusion for DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.
How to Format the References List for DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.
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Economic theory must be utilized by the DNP-prepared nurse. How can economic theory be applied to your proposed DNP Project?
Sample Answer for DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
Economic theory as explained by Franz (2020), gives a guide to healthcare demands because healthcare consumption could be viewed by individuals as either an investment for further health or to cope with illness and recover from acute illness. Health comes along with price, a proxy (insurance), income, and consumer preferences which all play a role.
Economic theory helps to select preferences, trade risk, willingness for better health choices, consumption, likes, and dislikes. People tend to respond differently to medical circumstances differently regardless of personal resources making health care income and prices hard to measure.
However, sociodemographic characteristics such as age, ethnicity, sex, and education are strongly correlated with health care use. Economic Patient knowledge of insurance claims and rights is important.
Ransborg et al (2018) opine that the US population is rapidly r changing with the elderly doubling at an alarming rate they project by 2050 Americans aged >65 years will increase by 2.8%. Ab0ut 50% of surgeries are performed on patients >65 years this increase for surgical services is estimated to be 42.7%. Economic
theory application to my DNP surgical total knee or hip surgery project will be in line with the evidence-based- research available. DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
For example, Franz (2020) opines that orthopedic surgery is one of the medical specialties with the highest rate of compensation claims following medical treatment. Aae et al (2020) study report high compensation claims following hip and knee arthroplasty. DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
The study also reports malpractice litigation following arthroscopic surgery. They evaluated claims filled to the Scandinavian registries following orthopedic surgery hip and knee surgery in 2010-2015 Due to the potential risk of perioperative morbidity and surgical complications for patients undergoing total knee and hip surgeries here are significant for surgical services related expenses from inpatient to rehabilitation and medications up t0o outpatient services depending on the needs for individual patients.
There are expenses of co-payments and deductibles. Total knee or hip surgery presents distinct risks for patients both on a national and clinical as well as economic outcomes considering postoperative. Most patients especially the elderly tend to be compromised therefore meticulous preoperative medical optimization should be a collaborative shared responsibility between surgeon, primary care, and family. Further analysis should include clarification o of indications for surgery as well as outcome measures in the long term and quality of life (Aae 2020).
Aae, T. F., Lian, Ø. B., Årøen, A., Engebretsen, L., & Randsborg, P.-H. (2020). Compensation claims after knee cartilage surgery are rare. A registry-based study from Scandinavia from 2010 to 2015. BMC Musculoskeletal Disorders, 21(1), 1–8. https://doi-org.lopes.idm.oclc.org/10.1186/s12891-020-03311-4
Randsborg, P.-H., Bukholm, I. R. K., & Jakobsen, R. B. (2018). Compensation after treatment for anterior cruciate ligament injuries: a review of compensation claims in Norway from 2005 to 2015. Knee Surgery, Sports Traumatology, Arthroscopy, 26(2), 628–633. https://doi-org.lopes.idm.oclc.org/10.1007/s00167-017-4809-y
Roger Frantz, The Beginnings of Behavioral Economics, 2020 DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
https://www.sciencedirect.com/topics/economics-econometrics-and-finance/economic-theoryretrieved August 12th, 2022.
Sample Answer 2 for DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
Great post on the economic theory of health care. As medical professionals we understand the need for health care spending reduction. You have mentioned co payments and deductibles and I agree as meeting my high deductible is often a budget challenge.
However, this conversation is not a personal rant but an addition to the thoughts you have presented. As you discussed knee and hip surgery are economic considerations noted in the health care economic theories. Some of the cost associated with these surgeries include readmissions to hospitals according to data from the Centers for Medicare and Medicaid Services and Medicare. This data also shows that readmission costs around 9000 dollars and “Medical reasons accounted for the majority of readmissions (n = 257, 79.1%). However, patients readmitted for revision surgery (n = 68, 20.9%) had the highest mean readmission cost ($15,356, P < .001). ”
Also Check Out: DNP-815A Topic 6 DQ 1 Choose one aspect of a psychosocial theory that relates to your DNP Project
Reform and healthcare delivery continues to be at the forefront of policy debate, given the slow-growing percentage of the gross domestic product GDP) and budget deficit in health care. Economic theory has been a major topic in healthcare conversation; different economic philosophies and theories and the passage of the Affordable Care Act (ACA) increased the involvement in health care (Hartman, 2010). DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
The surprising increase in healthcare costs in recent decades and the effort to control increased the relevance of the economic analysis of clinical interventions. The use of cost-effectiveness to guide reimbursement decisions wherein keeping individuals healthy is key to profitability. DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
The development of strategies for disease prevention, self-care, or adherence to beneficial clinical treatments can also have payoffs. Health outcomes are measured, such as the number of avoided infections or the cost per life saved.
My DNP project is about Central line-associated bloodstream infection (CLABSI). This remains an important component of any efforts of quality improvement given its impact on patients and healthcare organizations, and it is associated with an increased length of stay in the hospital and a cost of $16 000 – $69 000 on each event. The metrics for reimbursement negotiations and hospital ranking, and CLABSI (Ormsby et al., 2020). Bloodstream infections have a significant impact on patient outcomes, including mortality, length of stay, and healthcare costs.
References
Hartman, S. (2010). Economic theories. Philosophies and Theories for Advanced Nursing Practice, 327.
Ormsby, J. A., Cronin, J., Carpenter, J., Graham. D., Potter-Bynoe, G., Chandonnet, C. J., Vaughan, A. M., Weir, L., Flaherty, K. A., Chandonnet, C. J., Priebe, G. P., & Sandora, T. J. (2020). Central venous catheter bundle adherence: Kamishibai card (K-card) rounding for central-line-associated bloodstream infection (CLABSI) prevention. Infection Control & Hospital Epidemiology, 42, 1058- 1063.
https://doi.org/10.1017/ice.2020.35
Sample Answer 3 for DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
According to economic theory, the supplies and consumptions are rational and followed by efficient machines to produce the best and economical products for the market. However, the behavior of the investors is complex as compared to the behavior recognized in most of the theories of economics (Jones et al., 2020).
The delivery of healthcare services is dependent on the efficacy of the healthcare system. However, the different roles in the healthcare system like nurses, physicians, pharmacists, and home-based assistance are responsible for doing work in respect to the healthcare system or services are being financed and organized. The understanding of health economics is important for nurses and other healthcare professionals to effectively serve as policy advocates while
providing services of leadership and fostering EBP to keep a complete knowledge and using scientific practices (Ortiz, 2018) . It is further assumed that patients receiving healthcare services from nurses or physicians are highly affected by the economic system. The factors affecting the system are the cost of healthy food items, the connectivity between education and pay scale, and the cost of transportation influencing the income the patient is earning. All elements help the patient to make a decision about his diet and to avail healthcare services whenever it is required.
Keeping in mind these aspects of economic theory I would like to develop the proposed plan of the DNP project in context to economic factors enabling me to underpin the scientifically good practices in the completion of the project. The use of cost-effective resources and an efficient timeline of the completion of the project would be another important thing that I need to be aligned in context to the elements of economic theory and successful completion of my project.
It is because of the fact a nurse practicing evidence-based services is used to deliver the care while providing the most effective services efficiently and cost-effectively. The adoption of organizational culture and economic context of nursing practice is important for me in the completion of my DNP project.
References
Jones, T., Drach-Zahavy, A., Amorim-Lopes, M., and Willis, E. (2020). Systems, economics, and neoliberal politics: Theories to understand missed nursing care. Wiley Online Library, 586-592 https://doi.org/10.1111/nhs.12700.
Ortiz, M. (2018). Transitional Care: Nursing Knowledge and Policy Implications. SAGE Journal, 1-9 https://doi.org/10.1177/0894318418807938.
Sample Answer 4 for DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?
Economic theory in nursing, as said by Jones and Yoder in 2010, is the ideology that nurses evaluate the task and resources and consider all possible alternatives comparing the costs and efforts to determine what the most financially sound options are in terms of not only efficiency for the company, staff, and clients, but also maintaining the effectiveness of the intervention itself (Jones & Yoder, 2010). As said in Butts and Rich’s 2018 textbook, efficiency is one of the key components of economic theory. Basically, a company will ask what effective intervention can be implemented to benefit client care and safety that is also the most efficient price to maintain the financial stability of the company (Butts & Rich, 2018, chapter 14, p. 496). My DPI project helps to improve communication amongst staff. This improvement of communication amongst staff helps to decrease sentinel events from occurring to clients or staff. Sentinel events cost hospitals several thousands of dollars each year because the hospital is liable to pay for an event that occurred under the direct care of a staff member that could have otherwise been prevented. Many of these events can be prevented with proper communication and handoff from nurse to nurse. This will then increase task efficiency, decrease sentinel events and save the hospital and clients money in the grand scheme of things. This helps to maintain financial stability for the facility, which then allows for more funds to be placed elsewhere to benefit client care and safety. This is a definite way to illustrate economic theory in the nursing practice. One small fix can domino into many big changes that benefit each party in the situation.
References
Butts, J. B., & Rich, K. L. (Eds.). (2018). Philosophies and theories for advanced nursing practice (3rd ed.). Jones & Bartlett. ISBN-13: 9781284112245
Jones, T. L., & Yoder, L. (2010). Economic theory and nursing administration research–is this a good combination?. Nursing forum, 45(1), 40–53. https://doi.org/10.1111/j.1744-6198.2009.00160.x