NRS 465 Benchmark – Professional Capstone and Practicum Reflective Journal – Topic 7 Professional Capstone and Practicum Reflective Journal – Topic 7

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Economics plays a critical role in healthcare since it determines the available and accessible financial resources for implementing and sustaining proposed capstone change projects. These include funding for staff, training of providers, acquisition of equipment, and other resources required for the project (Mason et al., 2020). For instance, training staff on the essence of medication adherence among the target population is essential to prevent adverse effects. The economic situation also affects the affordability and accessibility of healthcare resources, from providers to medications for elderly individuals battling chronic conditions like diabetes and hypertension. Economics affects care outcomes as it means that patients can only get medications and adhere to their prescriptions when they afford and access them (Melnyk et al., 2022). Insufficient funding means that nurses will not get the necessary training to help mitigate medication errors and poly-pharmacy.

Based on the reflection of my practicum site experience, these relationships are active through actions. For instance, the practicum site has a policy that requires nurses to know all medications their patients take. The facility mandates nurses to ensure effective handover during shift change and have all the details for every patient. The policy is so effective that medication errors are minimal. Within the two months that I have been at the facility, only two errors have occurred. Besides, the reporting policy is so friendly that nurses feel encouraged to self-report when an error occurs. The implication is that through this effective relationship, the facility reduces the economic effects of medication errors and improves overall staff satisfaction and patient safety levels.

References

Folland, S., Goodman, A. C., Stano, M., & Danagoulian, S. (2024). The economics of health and

            Health care. Routledge.

Mason, D. J., Perez, A., McLemore, M. R., & Dickson, E. (2020). Policy & Politics in Nursing

and Health Care-E-Book: Policy & Politics in Nursing and Health Care-E-Book. Elsevier Health Sciences.

Melnyk, B. M., & Fineout-Overholt, E. (2022). Evidence-based practice in nursing &

Healthcare: A guide to best practice. Lippincott Williams & Wilkins.