(Solved) NURS 421 Contributing Factors on Healthcare Cost

(Solved) NURS 421 Contributing Factors on Healthcare Cost

“Demands for patient safety, reimbursement changes with healthcare reform, technological advances, and the changing roles of healthcare providers require that budgets be constructed as accurately as possible and for nurse managers to understand financial applications,” (Dunham-Taylor & Pinczuk, 2015).
Directions:

Research one factor contributing to rising health care costs.

Why is this particular factor driving up the cost of health care?
How will you, as a nursing leader, have the ability to impact the cost of health care delivery?

Post your initial response no later than 11:55 pm of the date posted on the course calendar.

Be concise (limit your post to 300 words) and specific in your response and ensure that your answers show analysis and synthesis of information as well as critical thinking that relates to this week’s discussion topic. Support your response in APA format with evidence from recent, scholarly, peer-reviewed journals (preferably nursing journals). (“Recent” is less than five years old. Your textbook is not a journal.) APA format

SOLUTION

The cost of healthcare has been on the rise in the last few decades. One of the major factors driving costs of healthcare is ageing. A study conducted by Dieleman et al. (2017) showed that the cost of healthcare has increased from $1.2 trillion to 2.1 trillion between 1996 and 2013. Ageing of the population as the second highest contributor with 11.6%. Garza (2016) argues that older people are prone to

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