NUR 621 Summary of Current Course Content Knowledge Paper

NUR 621 Summary of Current Course Content Knowledge Paper

NUR 621 Summary of Current Course Content Knowledge Paper

NUR 621 Summary of Current Course Content Knowledge

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The weekly objectives I have prior knowledge of include strategic management. Strategic management is crucial in the nursing and healthcare industry generally because it defines the future of the organization, set goals that will move the organization towards that future, and determines the key projects needed to attain those goals (Yoder-Wise & Sportsman, 2022). The other objective I have prior knowledge of is health economics. This is a field that assesses and finds systems-based solutions that enhance accessibility, equity, and affordability of healthcare. I understand that health economics is essential because it focuses on how stakeholders’ economic behavior and recipients impact the cost and quality of care (Henderson, 2022). Health economics entails how payment for care is made and processed, and how healthcare systems can be restructured and enhanced.

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 The weekly objectives that I have no prior knowledge of include financial management for nurses and planning and budgeting. I had no idea about the significant financial responsibilities expected from nurse managers. I have realized that nurse managers are responsible for the finances and budgets of their units (Rezaei, 2021). They ensure that the expenses of a unit fall within its budget. This requires them to share financial expectations with the unit workforce to make them aware of the financial goals within the unit. Nurse Managers also have a responsibility to ensure costs of staffing fall within the budget.

 The course-related topics I would like to discuss with my instructor and classmates include health economics, particularly the factors that influence the cost and quality of care in the healthcare industry. There are various questions I have about this course (Cadilhac et al., 2020). How do stakeholders influence the distribution of health care and in what ways can it be enhanced? What influences the supply and demand for health care? How can value be put on health? How can healthcare planning, budgeting, and monitoring be improved?

References

Cadilhac, D. A., Kim, J., Wilson, A., Berge, E., Patel, A., Ali, M., … & ESO Health Economics Working group. (2020). Improving economic evaluations in stroke: a report from the ESO Health Economics Working Group. European stroke journal, 5(2), 184-192. https://doi.org/10.1177/2396987319897466

Henderson, J. W. (2022). Health economics and policy. Cengage Learning.

Rezaei, G. (2021). Study Of The Financial Management Knowledge And Skills Of Nurse Managers: Evidence From The Comparison Of Fars, And Sistan And Baluchestan Provinces. Nursing And Midwifery Journal, 19(1), 29-40. https://unmf.umsu.ac.ir/article-1-4312-en.html

Yoder-Wise, P. S., & Sportsman, S. (2022). Leading and Managing in Nursing E-Book. Elsevier Health Sciences.

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Assessment Description

Academic engagement through active participation in instructional activities related to the course objectives is paramount to your success in this course and future courses. Through interaction with your instructor and classmates, you will explore the course material and be provided with the best opportunity for objective and competency mastery. To begin this class, review the course objectives for each Topic, and then answer the following questions as this will help guide your instructor for course instruction.

Which weekly objectives do you have prior knowledge of and to what extent?

Which weekly objectives do you have no prior knowledge of?

What course-related topics would you like to discuss with your instructor and classmates? What questions or concerns do you have about this course?

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