Evidence Based Practice in Medical Finance Essay

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Financing Health Care in the United States

How do the rapid and dynamic changes in financing impact health outcomes within your practice?

Health is a very important part of human existence. We also live in very interesting times when there are new lifestyle diseases that emerge which require enormous medical resources in terms of finances to treat. Medical providers are thus faced with quite a number of challenges in their endeavor to provide efficient and adequate healthcare to their patients. The changes have gone as far as healthcare delivery, technological advances, and increased patient expectation. This trend of events thus requires nurses to increase financing and acquire the latest information.

Healthcare finance refers to the number of resources in terms of money that are used to ensure that the population of a country gets efficient and adequate healthcare. Allocation of these resources is necessary for creating a strong primary care and to adopt new technology and health programs. When these resources are effectively allocated through a cost-benefit analysis, the outcome is that cost-effective is realized in the prevention and cure of ailments.

In states with high health care expenditure, health care provider’s income is very elastic. This improves the level of healthcare provided.

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When the financing of healthcare is put under one agency, the administrative cost is reduced. More resources are thus concentrated on improving healthcare and medical research.





How do evidence-based practice (EBP) and Inter-professional partnerships in nursing help to manage the constant changes in health care financing?

EBP is a designed systemic process meant to improve healthcare provision. The first step is to use the evidence gathered to design health practice change. The system is thereafter trailed to evaluate its feasibility. The evaluation is done in terms of the processes and outcome. This form of decision making is particularly important when practice suggestions are conflict or none at all is clear to be utilized. It can help avoid unnecessary spending related to neglecting of a practice or making an improvement that is not sustained.

Some of EBP improvements in the health sector may not prove to be cost saving but in the long run can achieve equally valuable outcome especially patient satisfaction; this satisfies the mission of the healthcare provider.

The inter-professional partnership is an integrated healthcare workforce. The essence of this practice is that healthcare….....

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"Evidence Based Practice In Medical Finance" (2018, September 05) Retrieved May 18, 2024, from
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