TOPIC——> Leadership and economic models
Students are required to submit weekly reflective narratives throughout the course that will culminate in a final, course-long reflective journal due in Topic 10. The narratives help students integrate leadership and inquiry into current practice.
This reflection journal also allows students to outline what they have discovered about their professional practice, personal strengths and weaknesses, and additional resources that could be introduced in a given situation to influence optimal outcomes. Each week students should also explain how they met a course competency or course objective(s).
In each week\’s entry, students should reflect on the personal knowledge and skills gained throughout the course. Journal entries should address one or more of the areas stated below. In the Topic 10 graded submission, each of the areas below should be addressed as part of the summary submission. While APA style is not required for the body of this assignment, solid academic writing is expected, and in-text citations and references should be presented using APA documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
Professional Capstone and Practicum Reflective Journal #9
Student’s Name
Institutional Affiliation
Course
Instructor’s Name
Date
Professional Capstone and Practicum Reflective Journal #9
The primary objective of the week 9 practicum experience is leadership and economic models. Nurses need to have strong leadership abilities as well as economic skills to promote quality patient care and safety (Murray, 2017). With these skills, nurses can easily excel in cooperation, interdisciplinary collaboration, and the provision of safe care. In the hospital, healthcare providers who have great leadership, as well as economic model skills, are advocates of their patients and co-workers. As leaders, they understand all the organization’s rules and procedures (Murray, 2017). Effective leadership abilities need an understanding of the organization’s rules and procedures, as well as the ability to initiate and implement new evidence-based policies in their organizations.
One thing I realized in this practicum experience is that economics is part and parcel of healthcare. An economic model is a simplified description of reality, designed to yield hypotheses about economic behavior that can be tested (Sturmberg & Bircher, 2019). Different economists will make different judgments about what is needed to explain their interpretations of reality. Leaders implement economic models that have been deemed competent in the development and the success of the healthcare system. Economic models evaluate market variables such as the prices, demand, and competition within the market industry (Sturmberg & Bircher, 2019). It is about improving client satisfaction, organizational structure, and quality of care to attract more clients.
Reference
Murray, E. (2017). Nursing leadership and management: for patient safety and quality care. FA Davis.
Sturmberg, J. P., & Bircher, J. (2019). Better and fulfilling healthcare at lower costs: The need to manage health systems as complex adaptive systems. F1000Research, 8. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6900806/