DNP 815 How can the knowledge of economic theory be utilized by advanced practice nurses?

DNP 815 How can the knowledge of economic theory be utilized by advanced practice nurses?

DNP 815 How can the knowledge of economic theory be utilized by advanced practice nurses?

 

How can the knowledge of economic theory be utilized by advanced practice nurses? How can economic theory be applied in analysis of interventions?

Economic theory is used to describe and explain decision making in the context of scarce resources.

PURPOSE

This paper presents two applications of economic theory to the delivery of nursing services in acute care hospitals and evaluates its usefulness in guiding nursing administration research.

SOURCES OF INFORMATION

The description of economic theory and the proposed applications for nursing are based on current nursing, healthcare, and economic literature. Evaluation of the potential usefulness of economic theory in guiding nursing administration research is based on the criteria of significance and testability as described by Fawcett and Downs.

CONCLUSIONS

While economic theory can be very useful in explaining how decisions about nursing time allocation and nursing care production are made, it will not address the issue of how they should be made. Normative theories and ethical frameworks also must be incorporated in the decision-making process around these issues. Economic theory and nursing administration are a good fit when balanced with the values and goals of nursing.

DNP 815 How can the knowledge of economic theory be utilized by advanced practice nurses
DNP 815 How can the knowledge of economic theory be utilized by advanced practice nurses
Search terms: Economic theory, nursing administration, nursing care

Concern about the quality and safety of patient care in acute care hospitals has received widespread attention since the publication of the landmark Institute of Medicine (IOM) report, which estimated that over 98,000 Americans die annually as a result of errors in their care (). The nature of the hospital work environment and workforce were subsequently identified as significant contributing factors to unsafe and poor quality care. Nursing services, representing the largest proportion of the hospital workforce and the provider patients spend the most time with, were recognized as being indispensable to patient safety and quality (). The research community has responded with a host of investigations exploring the effect of nursing services on healthcare outcomes.

Much of this research, termed “nursing administration research” (), has involved secondary analyses of large administrative data sets. The yield from this approach is a body of evidence demonstrating an association between nurse staffing and selected adverse patient outcomes (). Evidence sufficient to establish underlying causal mechanisms between nursing services and patient outcomes, however, has yet to be demonstrated. Despite the forward progress, historical approaches to nursing administration research have received criticism. One such criticism involves the absence of a clearly defined theoretical framework to guide inquiry ().

The characterization of nursing administration research as largely atheoretical has validity and warrants thoughtful consideration. The world today is complex and dynamic. We understand this world through not one, but multiple theories from multiple disciplines including the physical, biological, and social sciences. This is no less true for the world of healthcare delivery and nursing administration. Rising costs, declining quality, rising demand, and declining personnel pools collectively cry for a better understanding of the world of health care to create sustainable solutions. Those interested in advancing the science in nursing administration and healthcare delivery must identify theories that best contribute to our current understanding of this environment and are useful guides for research. Gaps in our understanding can then be identified, and data on essential elements can be intentionally collected to help close those gaps.

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The university’s policy on late assignments is 10% penalty PER DAY LATE. This also applies to late DQ replies.

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Questions to Instructor Forum: This is a great place to ask course content or assignment questions. If you have a question, there is a good chance one of your peers does as well. This is a public forum for the class.

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Important information for writing discussion questions and participation

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Hello class and welcome to the class and I will be your instructor for this course. This is a -week course and requires a lot of time commitment, organization, and a high level of dedication. Please use the class syllabus to guide you through all the assignments required for the course. I have also attached the classroom policies to this announcement to know your expectations for this course. Please review this document carefully and ask me any questions if you do. You could email me at any time or send me a message via the “message” icon in halo if you need to contact me. I check my email regularly, so you should get a response within 24 hours. If you have not heard from me within 24 hours and need to contact me urgently, please send a follow up text to

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Plagiarism is highly prohibited. Please ensure you are citing your sources correctly using APA 7th edition. All assignments including discussion posts should be formatted in APA with the appropriate spacing, font, margin, and indents. Any papers not well formatted would be returned back to you, hence, I advise you review APA formatting style. I have attached a sample paper in APA format and will also post sample discussion responses in subsequent announcements.

Your initial discussion post should be a minimum of 200 words and response posts should be a minimum of 150 words. Be advised that I grade based on quality and not necessarily the number of words you post. A minimum of TWO references should be used for your initial post. For your response post, you do not need references as personal experiences would count as response posts. If you however cite anything from the literature for your response post, it is required that you cite your reference. You should include a minimum of THREE references for papers in this course. Please note that references should be no more than 5 years old except recommended as a resource for the class. Furthermore, for each discussion board question, you need ONE initial substantive response and TWO substantive responses to either your classmates or your instructor for a total of THREE responses. There are TWO discussion questions each week, hence, you need a total minimum of SIX discussion posts for each week. I usually post a discussion question each week. You could also respond to these as it would count towards your required SIX discussion posts for the week.

I understand this is a lot of information to cover in 5 weeks, however, the Bible says in Philippians 4:13 that we can do all things through Christ that strengthens us. Even in times like this, we are encouraged by God’s word that we have that ability in us to succeed with His strength. I pray that each and every one of you receives strength for this course and life generally as we navigate through this pandemic that is shaking our world today. Relax and enjoy the course!

Hi Class,

Please read through the following information on writing a Discussion question response and participation posts.

Contact me if you have any questions.

Important information on Writing a Discussion Question

  • Your response needs to be a minimum of 150 words (not including your list of references)
  • There needs to be at least TWO references with ONE being a peer reviewed professional journal article.
  • Include in-text citations in your response
  • Do not include quotes—instead summarize and paraphrase the information
  • Follow APA-7th edition
  • Points will be deducted if the above is not followed

Participation –replies to your classmates or instructor

  • A minimum of 6 responses per week, on at least 3 days of the week.
  • Each response needs at least ONE reference with citations—best if it is a peer reviewed journal article
  • Each response needs to be at least 75 words in length (does not include your list of references)
  • Responses need to be substantive by bringing information to the discussion or further enhance the discussion. Responses of “I agree” or “great post” does not count for the word count.
  • Follow APA 7th edition
  • Points will be deducted if the above is not followed
  • Remember to use and follow APA-7th edition for all weekly assignments, discussion questions, and participation points.
  • Here are some helpful links
  • Student paper example
  • Citing Sources
  • The Writing Center is a great resource