Cost and Quality Analysis - 1217 Words

Running head: COST AND QUALITY ANALYSIS Healthcare cost and quality Grand Canyon University July 24th, 2012 Ethics, Policy, and Finance in the Health Care System Sally L. Clark A challenge that the healthcare nation is facing is to provide the quality of care that is expected and obtain low healthcare cost. Working hand in hand with the private sector and government is in hopes of improving the quality of care that each patient deserves and maintaining the cost so that research can continue. The purpose of this paper is to look into relationships between healthcare cost and quality healthcare. Differences in HealthCare Cost and Quality Working in the healthcare system, you often wonder if the†¦show more content†¦Some of the projective initiatives are insurance coverage, more patients receiving long term care in medical homes that leads to new benchmarks, high quality of care that leads to greater payment across public and private sectors, narrowing disparities in health and healthcare outcomes, and effective leadership around the globe to increase the highest performance that’s possible (2012). The AHRQ organization has several portfolios’ that are funded and supports research projects. Such portfolios are information technology, health patient safety, prevention and care management, and value portfolios. Within these portfolio’s, grants are there to fund new projects that relate to each category. Within each portfolio, research has been started and effectiveness of these projects is underway. Some clinical research projects are a set of prio rity conditions of importance to the Medicaid, Medicare, and SCHIP programs. Projected initiatives are to improve quality of care. The Value portfolio finds ways to reduce unnecessary cost and waste while maintaining or improving quality without adding cost which is a critical, national need (2012, p.5). Implications for Nurses and Advanced Practice Nursing Front line staff nurses can play a large part in innovations in healthcare practices. The delivery of healthcare is changing, so nurses need to be on the cutting-edge so cost canShow MoreRelatedcost and quality analysis842 Words   |  4 Pagesï » ¿ Cost and Quality Analysis: Agency for Healthcare Research and Quality Commonwealth Fund Paul Hamel Grand Canyon University: NUR 508 Dr. Forester February 27, 2013 Presently, cost and quality in health care are both indicators that are benchmarked in determining best healthcare practice. 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