NRS 493 Topic 9 Leadership and Economic Models

Assignment: Professional Capstone and Practicum Reflective Journal

NRS 493 Topic 9 Leadership and Economic Models Assessment Description

Students are required to submit weekly journal entries throughout the course. These reflective narratives help students identify important learning events that happen throughout the course and the practicum. In each week’s entry, students should reflect on the personal knowledge and skills gained.

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Write a reflection journal (250-300 words) to outline what has been discovered about your professional practice, personal strengths and/or weaknesses, and additional resources that could be introduced in a given situation to influence optimal outcomes. Each week there will be a specific focus to use in your reflection. Integrate leadership and inquiry into the current practice. Please make sure to address all areas in your writing.

Topic Focus: New Practice Approaches

While APA style is not required for the body of this assignment, solid academic writing is expected.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

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NRS 493 Topic 9 Leadership and Economic Models Sample

Topic Focus: Leadership and Economic Models

            The focus of practicum practice this week was on leadership and economic models. The contemporary healthcare system is highly complex and demanding. Therefore, healthcare organizations must ensure good leadership and economic awareness to achieve the current needs of the healthcare system (Ritchie, 2021). This practicum experience exposed me to the realities of the fragmentation, unsustainable, and wasteful nature of the current healthcare system. This leads to healthcare inequity where only the privileged patients are satisfied with healthcare processes.  I also learned through this practicum practice that the primary need for every patient is safe, quality, and affordable healthcare services. As such, healthcare professionals need to appreciate the economic realities of healthcare and find ways of ensuring affordability in the healthcare system (Braithwaite et al., 2019). Proper awareness of economic models is essential in informing appropriate resource allocation, productivity, decision-making process, and utilization of time. These goals can be sustained through effective leadership (Warshawsky, 2019). Therefore, nurses must strive to enhance their leadership skills and appreciate the economic models in healthcare to ensure the safety, quality, and affordability of healthcare. NRS 493 Topic 9 Leadership and Economic Models

My strength relating to leadership and economic models is anchored on my in-depth educational background in leadership in healthcare. I have sufficient education and training in leadership.  I acknowledge that nursing leadership plays a crucial role in enhancing healthcare economics and outcomes. However, my weakness is a lack of practical knowledge of economic models in healthcare. This is attributed to the limited scope of my training in economics in healthcare. The additional resources I would recommend to foster leadership and economic models in nursing practice include the allocation of sufficient resources and continuous training of nurses in these areas.

NRS 493 Topic 9 Leadership and Economic Models References

Braithwaite, J., Zurynski, Y., Ludlow, K., Holt, J., Augustsson, H., & Campbell, M. (2019). Towards sustainable healthcare system performance in the 21st century in high-income countries: a protocol for a systematic review of the grey literature. BMJ open, 9(1), e025892. http://dx.doi.org/10.1136/bmjopen-2018-025892

Ritchie, N. H. (2021). Leadership for a climate resilient, net-zero health system: Transforming supply chains to the circular economy. In Healthcare Management Forum (Vol. 34, No. 4, pp. 216-220). Sage CA: Los Angeles, CA: SAGE Publications. https://doi.org/10.1177/08404704211003610

Warshawsky, N. E. (2019). Nursing leadership: state of the science. JONA: The Journal of Nursing Administration, 49(5), 229-230. DOI: 10.1097/NNA.0000000000000742