2 Cost Effective Care Role of Nurse Leader in Cabbing Increasing Cost of Healthcare and Reducing Imbursement Nursing leaders need to ensure that the organization is cost-conscious. However, they have an obligation to identify ways to save money without compromising patient care. Nursing leaders play a fundamental role in saving hospital expenditures. For instance, nursing leaders engage in generating, sending and keeping information like patient records in electronic format. This helps reduce the cost wasted on purchasing manual record scripts. Nursing leaders also ensures that the nursing department stays on budget. Furthermore, the nursing leaders prevents occurrence of wastages in the nursing setting. They play a significant role in designing adequate schedules that avoid overtime hours. Finally, nursing leaders are important seeking lower-cost employee benefits. The Role of FNPs in Combating Rising Health Cost and Decreasing Reimbursement The FNPs would play an essential role in fighting rising health cost as well as decreasing reimbursement by providing more information to the consumer other varying prices offered by differentmedicalinstitutions.Lackofinformationonpricevariationshassignificantly contributed to the rising health cost (Holly, 2018). Besides, the FNPs can also advocate for policies that would promote more value-based environment following that the patients are willing to pay more for better outcomes. As a result, the issue would effectively address the declining reimbursement. Besides, the policies should be designed to ensure that the healthcare consumers i.e., patients are given power in the industry as well as reducing the number of the patient test as a way of reducing the rising health costs (Holly, 2018).
3 What Can Be Done At The Unit/Office Level To Combating Rising Health Cost And Decreasing Reimbursement? Notably, the healthcare offices should ensure that they remain competitive, following that lack of competition has significantly contributed to the rising costs. Besides, the medicare offices should also take the responsibility of negotiating the drug prescription costs for their consumers (Rankin et al., 2018). The offices should opt for decentralized billing models, thus ensuring that the reimbursement issues are addressed adequately. What Can Be Done At The System Level To Combating Rising Health Cost And Decreasing Reimbursement? Thehealthcaresystemshouldadvocateforcollaborativemeasuresamongvarious networks in the industry i.e., physicians, hospitals, and patients thus helping the cost among other errors. Besides, the system should seek for the integration of the value-based purchasing medical reimbursement method that would serve as an ultimate solution to the rising health cost and declining reimbursement (Liebler & McConnell, 2016). Besides, the system should also take into consideration the measurement of outcomes as well as the cost for every patient as a way of regulating its functions to favor all the stakeholders. What Staff Should Be Involved In Combating Rising Health Cost And Decreasing Reimbursement? In the context, all staff in the healthcare industry, including the FNPs, should take the obligationtocombattherisinghealthcostaswellasaddressingthedecreasingthe reimbursement. Besides, all the parties should take part in smooth lining the revenue functions in the healthcare industry thus ensuring the financial constraints are addressed timely as well as appropriate communication of any scheduled operations (Liebler & McConnell, 2016). Who Should Take A Role In Combating Rising Health Cost And Decreasing Reimbursement?
4 Notably, it is the collective obligation of every stakeholder in the healthcare sector including the patients, health practitioners among other players to ensure the issue relating combating health costs as well as decreasing reimbursement are achieved effectively.
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5 References Holly,L.(2018).FivewaystolowerhealthcarecostintheU.S.Retrievedfrom https://www.marketwatch.com/story/5-ways-to-lower-health-care-costs-in-the-us-2018- 03-08 Liebler, G., & McConnell, C. R. (2016).Management principles for health professionals. Jones & Bartlett Publishers. Rankin, V., Ralyea, T., & Sotomayor, G. (2018). Clinical Nurse Leaders forging the path of population health.Journal of Professional Nursing,34(4), 269-272.