DNP 815 How can economic theory be applied to your proposed DNP Project?

Grand Canyon University DNP 815 How can economic theory be applied to your proposed DNP Project?-Step-By-Step Guide

This guide will demonstrate how to complete the Grand Canyon University DNP 815 How can economic theory be applied to your proposed DNP Project? assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.

How to Research and Prepare for DNP 815 How can economic theory be applied to your proposed DNP Project?                           

Whether one passes or fails an academic assignment such as the Grand Canyon University DNP 815 How can economic theory be applied to your proposed DNP Project? depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.

After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.

How to Write the Introduction for DNP 815 How can economic theory be applied to your proposed DNP Project?                         

The introduction for the Grand Canyon University DNP 815 How can economic theory be applied to your proposed DNP Project? is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.

How to Write the Body for DNP 815 How can economic theory be applied to your proposed DNP Project?                         

After the introduction, move into the main part of the DNP 815 How can economic theory be applied to your proposed DNP Project? assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.

Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.

How to Write the Conclusion for DNP 815 How can economic theory be applied to your proposed DNP Project?                         

After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.

How to Format the References List for DNP 815 How can economic theory be applied to your proposed DNP Project?                           

The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.

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Sample Answer for DNP 815 How can economic theory be applied to your proposed DNP Project? 

Re: Topic 6 DQ 2

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.

Sample Answer 2 for DNP 815 How can economic theory be applied to your proposed DNP Project? 

According to economic theory, the supplies and consumptions are rational and followed by efficient machines to produce the best and economical products for the market. However, the behavior of the investors is complex as compared to the behavior recognized in most of the theories of economics (Jones et al., 2020).

The delivery of healthcare services is dependent on the efficacy of the healthcare system. However, the different roles in the healthcare system like nurses, physicians, pharmacists, and home-based assistance are responsible for doing work in respect to the healthcare system or services are being financed and organized. The understanding of health economics is important for nurses and other healthcare professionals to effectively serve as policy advocates while

providing services of leadership and fostering EBP to keep a complete knowledge and using scientific practices (Ortiz, 2018) . It is further assumed that patients receiving healthcare services from nurses or physicians are highly affected by the economic system. The factors affecting the system are the cost of healthy food items, the connectivity between education and pay scale, and the cost of transportation influencing the income the patient is earning. All elements help the patient to make a decision about his diet and to avail healthcare services whenever it is required.

Keeping in mind these aspects of economic theory I would like to develop the proposed plan of the DNP project in context to economic factors enabling me to underpin the scientifically good practices in the completion of the project. The use of cost-effective resources and an efficient timeline of the completion of the project would be another important thing that I need to be aligned in context to the elements of economic theory and successful completion of my project.

It is because of the fact a nurse practicing evidence-based services is used to deliver the care while providing the most effective services efficiently and cost-effectively. The adoption of organizational culture and economic context of nursing practice is important for me in the completion of my DNP project.

References

Jones, T., Drach-Zahavy, A., Amorim-Lopes, M., and Willis, E. (2020). Systems, economics, and neoliberal politics: Theories to understand missed nursing care. Wiley Online Library, 586-592 https://doi.org/10.1111/nhs.12700.

Ortiz, M. (2018). Transitional Care: Nursing Knowledge and Policy Implications. SAGE Journal, 1-9 https://doi.org/10.1177/0894318418807938.

Sample Answer 3 for DNP 815 How can economic theory be applied to your proposed DNP Project? 

Studies have shown relationships between economic theory and nursing administration; researchers have found that economic theory is useful in the study of the distribution of nursing resources (Bartel, Beaulieu, Phibbs, & Stone, 2014; Jones & Yoder, 2010; Turkel & Ray, 2000; Uchida-Nakakoji, Stone, Schmitt, Phibbs, & Wang, 2016) (Butts & Rich, 2018). Arrow, one of the founders of healthcare economics, explained the conceptual distinctions between health and other goals. Factors that differentiate health economics from other areas include the amount of government intervention, intractable uncertainty in many areas, asymmetrical information, and externalities. (Butts & Rich, 2018).

DNP-prepared nurses in select areas may have to use clinical applications of some of the assumptions of classical economic theory in the form of social exchange theory. An example is the study of provider interactions with patients and their attitudes to risk (Roth, Trautman, & Voskort, 2016) (Butts & Rich, 2018). The process of using economic theory with the DPI project is awareness of the cost of end-stage renal disease and potentially how the implementation of the DPI project will help control cost while improving the quality of care for the member.

Overall, Medicare costs for people with CKD were $87.2 billion in 2019, or $24,453 per Medicare beneficiary older than 65 years. (CDC, 2022). Medicare fee-for-service spending, including medication for patients with ESRD or kidney failure, reached over$37billion in 2019 ($86,400 for each person). Nearly 7% account for Medicare-paid claims costs. (CDC, 2022).

Studies have shown one way to ease the cost of ESRD is by using Multidisciplinary care programs (MDC). MDC comprises nephrologists, advanced practitioners, educators, dieticians, and social workers. (Ozieh et al., 2017). Patients have visits with the MDC team more frequently the more severe the disease becomes. (Ozieh, 2017).  The DPI project will focus on identified gaps in care for patients diagnosed with ESRD who have missed dialysis resulting in an inpatient stay. Dedicated care management has been shown to support interventions of the problem through a care management pathway collaboration that would improve patients with ESRD to self-manage and avoid overutilization of health systems. (Rainey et al., 2020). Implementing dedicated care management will improve the quality of life for patients by providing information that can be utilized to address symptoms or access care before symptoms become unmanageable.

Butts, J. B., & Rich, K. L. (Eds.). (2018). Philosophies and theories for advanced nursing practice (3rd ed.). Jones & Bartlett. ISBN-13: 9781284112245

Centers for Disease Control and Prevention (CDC). (2022). Chronic kidney disease basics. https://www.cdc.gov/kidneydisease/basics.html

Ozieh, M. N., Bishu, K. G., Dismuke, C. E., & Egede, L. E. (2017). Trends in healthcare expenditure in United States adults with chronic kidney disease: 2002-2011. BMC Health Services Research, 17, 1–9. https://doi-org.lopes.idm.oclc.org/10.1186/s12913-017-2303-3ty in many areas, asymmetrical

Rainey, H., Hussain, S., & Thomas, N. (2020). Innovative education for people with chronic kidney disease: an evaluation study. Journal of Renal Care, 46(4), 197–205. https://doi-org.lopes.idm.oclc.org/10.1111/jorc.12325