Cost and Quality Analysis Essay Assignment paper
Cost and Quality Analysis Essay Assignment paper
In a paper of 500-1,000 words, describe the relationship between health care cost and quality. Address the following: Select one public agency and one private agency. Differentiate the roles of these agencies and the major initiatives they have undertaken to address cost and quality in health care. Refer to the Topic 4 study materials for sources related to health care agencies. Analyze current and projected initiatives to improve quality while simultaneously controlling costs in both the private and public spheres. Describe any unintended consequences that have resulted or may result from these efforts. Synthesize the implications of these efforts for staff nurses and advanced practice nurses. Include evidence-based practice, relative to cost and quality, in your response. Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. Cost and Quality Analysis Essay
Cost and Quality Analysis
Cost and Quality Analysis Essay Assignment paper
Health care is extremely costly, and although the rate of increase in the costs has recently attenuated, per capita spending remains high. However, this does not reflect on the care quality with indications of wasteful spending. In fact, spending patterns are not correlated with patient outcomes with some spending being cost effective while others are not cost effective (Burke & Ryan, 2014). The present paper explores the relationship between health care cost and quality. Cost and Quality Analysis Essay
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Public agency and private agency
The public health care agency has been identified as the National Institutes of Health (NIH), a medical research agency that focuses on enabling Americans to live healthier and longer. Its mission is to seek the fundamental knowledge about the behaviour and nature of living systems and apply the acquired knowledge to reduce disability and health, lengthen life and enhance health. The agency focuses on achieving four main goals. The first goal is to exemplify and promote the highest level of social responsibility, public accountability and scientific integrity in the conduct of science. The second goal is to expand the knowledge base of medical science and associated science to enhance the national well-being and ensure continued high returns from investments in research activities. The third goal is to develop, maintain and renew scientific physical and human resources to ensure the national capability to prevent disease. The fourth goal is to foster innovative research strategies and fundamental creative discoveries, and their application as the basis for protecting and improving health (National Institutes of Health, 2017). Cost and Quality Analysis Essay
The private health care agency has been identified as the National Academy of Medicine (NAM), one of the three academies that comprise the National Academies of Sciences, Engineering and Medicine. NAM operates as a private non-profit institution under the 1863 Congressional charter of the National Academy of Sciences. NAM is outside the control of the government and is concerned with offering objective advice on matters of health, technology and science. The agency’s mission is to improve the health for all Americans by accelerating health equity, advancing science, and providing trusted, authoritative and independence advice to ensure a healthier future. NAM acts as an independent and evidence-based scientific advisor that has harnessed the expertise and talents who undertake meticulous processes to balance and avoid bias. Its foundational goal is to be a reliable source for credible policy and scientific advice on human health. It is committed to catalyzing action and achieving impact by identifying and generating momentum around critical health issues, and build evidence-based solutions (National Academy of Medicine, 2020). Cost and Quality Analysis Essay
The two agencies (NIH and NAM) recognize that the value of public health investments can only be optimized if evidence is generated and synthesized then directed towards the efficiency and effectives of medical services provided to the public/communities. To be more precise, they engage researchers to investigate the strategies for improving the value and quality of health services (Schmidt & Brown, 2019).
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