Discussion: It has often been said that nursing units are not revenue generators.
NUR 621 Topic 5 DQ 2 Assessment Description
It has often been said that nursing units are not revenue generators. Based on what you have learned in your readings, how would you dispute this statement?
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NUR 621 Topic 5 DQ 2 Sample
A common misunderstanding is that nursing homes are not revenue-generating avenues. Based on White and Griffith’s (2019) insights, the financial performance of healthcare institutions depends on nursing units. Although their contributions to patient care directly affect the company’s economic situation, they might not create income in the conventional sense (Mclaughlin et al., 2022). Reduced readmission rates, shorter hospital stays, and better patient outcomes resulting from practical nursing care have significant financial consequences.
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Nursing departments create income by providing excellent treatment that draws patients and guarantees their satisfaction. NUR 621 Topic 5 DQ 2 According to Griffiths et al. (2023), positive patient experiences and outcomes help improve the healthcare institution’s reputation, consequently increasing patient levels and insurance provider reimbursement rates. Furthermore, early intervention and preventive nursing care can help to lower the incidence of complications and expensive treatments, saving money and enhancing financial performance.
Value-based buying initiatives have made nursing homes essential in reaching performance targets that define reimbursement rates. These initiatives reward healthcare providers depending on the quality and efficiency of treatment (White & Griffith, 2019). Therefore, nursing units indirectly generate income and help the financial sustainability of healthcare organizations by providing excellent, effective treatment.
NUR 621 Topic 5 DQ 2 References
Griffiths, P., Saville, C., Ball, J., Dall’Ora, C., Meredith, P., Turner, L., & Jones, J. (2023). Costs and cost-effectiveness of improved nurse staffing levels and skill mix in acute hospitals: A systematic review. International Journal of Nursing Studies, 147(147), 104601. https://doi.org/10.1016/j.ijnurstu.2023.104601
Mclaughlin, D. B., Olson, J. R., & Sharma, L. (2022). Healthcare Operations Management. Chicago, Illinois Health Administration Press Washington, DC Association of University Programs in Health Administration.
White, K. R., & Griffith, J. R. (2019). The well-managed healthcare organization (9th ed.). Health Administration Press; Washington, DC. NUR 621 Topic 5 DQ 2
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