DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project?

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Topic 6 DQ 2

Aug 11-15, 2022

Economic theory must be utilized by the DNP-prepared nurse. How can economic theory be applied to your proposed DNP Project?

REPLY TO DISCUSSION

Usama Saleh

Aug 17, 2022, 8:14 AM

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CAT-Please Respond!

Class,

What are the concepts being learned during this week?

DeShonique Williams

replied toUsama Saleh

Aug 17, 2022, 10:43 AM

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Dr. Saleh.

We are discussing the economic and psychosocial theories of nursing. The six components of the psychosocial theory are Psychoanalytic theory supports the notion that all human behavior is caused and can be explained (deterministic theory).
In each stage, the person must complete a life task that is essential to his or her well-being and mental health.
One’s personality involves more than individual characteristics, particularly how one interacts with others.
Humanism represents a significant shift away from the psychoanalytic view of the individual as a neurotic, impulse-driven person with repressed psychic problems and away from the focus on and examination of the client’s past experiences.
Behaviorism is a school of psychology that focuses on observable behaviors and what one can do externally to bring about behavior changes
Existential theorists believe that behavioral deviations result when the person is out of touch with himself or herself or the environment.

My DPI population largely reflects the humanistic and behavioral as patients are noncompliant with hypertension regime although we administer free blood pressure medication. We believe the intervention of the DASH diet may assist with the problem. In addition we also have discussed the economic theory of nursing. In this theory our patients consideration include the cost effectiveness of the procedure. As clinicians we evaluate our options and outweigh the cost. In theory, this often considers the long term cost effects. For instance, although providing free medications may seem expensive the cost of this intervention is far cheaper than the frequent emergency department visits patients seek in order to treat conditions covered by the PCP. Hence, the DPI would address this issue.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5520799/#:~:text=Economic%20theory%20suggests%20that%20a,benefits%20outweigh%20the%20opportunity%20cost.

Emilia Wogu

Aug 16, 2022, 7:50 PM

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Economic theory is based on a model of human behavior that assumes rationality, a primary motivation to be happy, and the ability to calculate subtle differences between possible trade-offs. The goal of economic theory is accurate prediction of the choices people make regarding resource allocation. . (Scott, et al 2001). Efficiency in resource use (getting the most out of limited resources) is a goal that every health-care organization can accept, regardless of one’s perspective (e.g., that of society, insurers, hospital administrators, or patients). Economic analysis is fundamentally about resource use and can serve an important role in health-care decision-making.

My DNP project is on patient centered fall prevention measures. The sequelae from falls are costly. Fall-related injuries account for up to 15 percent of rehospitalizations in the first month after discharge from hospital. Inpatient fall rates range from 1.7 to 25 falls per 1,000 patient days, depending on the care area. Extrapolated hospital falls statistics indicate that the overall risk of a patient falling in the acute care setting is approximately 1.9 to 3 percent of all hospitalizations. Based on data from 2000, total annual estimated costs were between $16 billion and $19 billion for nonfatal, fall-related injuries and approximately $170 million dollars for fall-related deaths across care settings in the community. As health care moves toward patient-centered care, fall-related-injury prevention now has the potential to be addressed across the care continuum (Currie,2008. In the United States, there are approximately 37 million hospitalizations each year. Therefore, allocation of the scarce resources of nursing care becomes the responsibility of the frontline nurse.

References

Currie L. (2008) Fall and Injury Prevention. Patient Safety and Quality: An Evidence-Based Handbook for Nurses. Rockville (MD): Agency for Healthcare Research and Quality (US); 2008 Apr. Chapter 10. Available from: https://www.ncbi.nlm.nih.gov/books/NBK2653/

Scott, R. D., Solomon, S. L., & McGowan, J. E. (2001). Applying Economic Principles to Health Care. Emerging Infectious Diseases, 7(2), 282-285. https://doi.org/10.3201/eid0702.700282.

Usama Saleh

Aug 16, 2022, 8:58 AM

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Application of Economic Theory

Class,

I would like to share with you the below article which 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.

Jones, T. and Yoder, L (2010). Economic Theory and Nursing Administration Research—Is This a Good Combination? Nursing Forum, (45) 1, 40-53. DOI: 10.1111/j.1744-6198.2009.00160.x

Usama Saleh

Aug 16, 2022, 8:57 AM

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Economic Theory and Nursing Research

Students,

Is there a research question from your practice that could be situated in an economic framework for study? Which sorts of nursing questions can you imaginatively explore using economic concepts and analysis?

Usama Saleh

Aug 16, 2022, 8:57 AM

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Scarcity and Health Care Economics

Students,

Scarcity is the key component of economics and means having too few resources to satisfy the needs and wants of humankind. Without scarcity, the science of economics would not exist because there would be no need to make choices or tradeoffs. Choices made to overcome scarcity via alternatives are of particular interest to economists. Contemporary economics can be broadly divided into two fields: (1) Microeconomics: Behaviors in individual markets and small economic units to understand their behavior within the market; and (2) Macroeconomics: The “big picture” market that consider aggregate functions of all markets

Health care economics is a recently developed specialized field and is differentiated by the level of government intervention, intractable uncertainty, asymmetrical information, and externalities it involves. Uncertainties in particular lead to inefficient resource allocation in health care that forces non-market institutions to compensate for inequalities.

Why are uncertainties related to disease incidence and treatment efficacy of particular concern to health care economists?

Ruby Minda Dangan

replied toUsama Saleh

Aug 17, 2022, 12:21 AM

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Macroeconomics and microeconomics are the two branches of economic discipline, but the majority of health economics’ theoretical basis is microeconomics which focuses on the behavior of market actors and analyses how their behavior influences supply and

DNP-815A Topic 6 DQ 2 How can economic theory be applied to your proposed DNP Project

demand (Olsen, 2017). The relationship between health and wealth propounds that the reduction in poverty strongly impacts life expectancy, whereas an increase in wealth has no further positive impacts on longevity. Scarcity is one of the key concepts at the heart of economics, and it is a dismal fact that resources are scarce. The concepts of cost-effectiveness and productivity represent that it is possible to reduce the amount of labor or capital without decreasing the quantity produced.

The economic evaluation of healthcare interventions has focused on the measurement of health outcomes and alternative measures to preventive healthcare. Healthcare expenditure in rich countries has a high proportion of government-funded healthcare and a high life expectancy.

Olsen, J.A. (2017). Principles in health economics and policy. Oxford University Press.

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Performance Category	10	9	8	4	0
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Performance Category	10	9	8	4	0
Application of Course Knowledge – Demonstrate the ability to analyze, synthesize, and/or apply principles and concepts learned in the course lesson and outside readings and relate them to real-life professional situations	Posts make direct reference to concepts discussed in the lesson or drawn from relevant outside sources; Applies concepts to personal experience in the professional setting and or relevant application to real life.	Posts make direct reference to concepts discussed in the lesson or drawn from relevant outside sources. Applies concepts to personal experience in their professional setting and or relevant application to real life Interactions with classmates are relevant to the discussion topic but do not make direct reference to lesson content	Posts are generally on topic but do not build knowledge by incorporating concepts and principles from the lesson. Does not attempt to apply lesson concepts to personal experience in their professional setting and or relevant application to real life Does not demonstrate a solid understanding of the principles and concepts presented in the lesson	Posts do not adequately address the question posed either by the discussion prompt or the instructor’s launch post. Posts are superficial and do not reflect an understanding of the lesson content Does not attempt to apply lesson concepts to personal experience in their professional setting and or relevant application to real life	Posts are not related to the topics provided by the discussion prompt or by the instructor; attempts by the instructor to redirect the student are ignored No discussion of lesson concepts to personal experience in the professional setting and or relevant application to real life
Performance Category	5	4	3	2	0
Interactive Dialogue Replies to each graded thread topic posted by the course instructor, by Wednesday, 11:59 p.m. MT, of each week, and posts a minimum of two times in each graded thread, on separate days. *(5 points possible per graded thread)*	Exceeds minimum post requirements Replies to each graded thread topic posted by the course instructor, by Wednesday, 11:59 p.m. MT, of each week, and posts three or more times in each graded thread, over three separate days. Replies to a post posed by faculty and to a peer Summarizes what was learned from the lesson, readings, and other student posts for the week.	Replies to each graded thread topic posted by the course instructor, by Wednesday, 11:59 p.m. MT, of each week, and posts a minimum of two times in each graded thread, on separate days Replies to a question posed by a peer Summarizes what was learned from the lesson, readings, and other student posts for the week.	Meets expectations of 2 posts on 2 different days. The main post is not made by the Wednesday deadline Does not reply to a question posed by a peer or faculty	Has only one post for the week Discussion posts contain few, if any, new ideas or applications; often are a rehashing or summary of other students’ comments	Does not post to the thread No connections are made to the topic
	Minus 1 Point	Minus 2 Point	Minus 3 Point	Minus 4 Point	Minus 5 Point
Grammar, Syntax, APA Note: if there are only a few errors in these criteria, please note this for the student in as an area for improvement. If the student does not make the needed corrections in upcoming weeks, then points should be deducted. Points deducted for improper grammar, syntax and APA style of writing. The source of information is the APA Manual 6th Edition	2-3 errors in APA format. Written responses have 2-3 grammatical, spelling, and punctuation errors. Writing style is generally clear, focused, and facilitates communication.	4-5 errors in APA format. Writing responses have 4-5 grammatical, spelling and punctuation errors. Writing style is somewhat focused.	6-7 errors in APA format. Writing responses have 6-7 grammatical, spelling and punctuation errors. Writing style is slightly focused making discussion difficult to understand.	8-10 errors in APA format. Writing responses have 8-10 grammatical, spelling and punctuation errors. Writing style is not focused, making discussion difficult to understand.	Post contains greater than 10 errors in APA format. Written responses have more than 10 grammatical, spelling and punctuation errors. Writing style does not facilitate communication. The student continues to make repeated mistakes in any of the above areas after written correction by the instructor
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Also Read: DNP-815A Topic 6 DQ 1 Psychosocial theory