Value Based Purchasing Summary

Great Essays
Value Based Purchasing Summation: Barnett, Schroyer, Schwimer
This summation of the benefit of the DNP in Value Based Purchasing is a collaborative evaluation of responses to a Discussion Board posted by Dr. Roxanne Beckham on the University of Southern Indiana NURS 725 Black Board Site 2/13/18.
A summation of the comments posted regarding Value Based Purchasing (VBP) is being done and includes; a definition of what VBP is, who oversees VBP, and the role the Doctor of Nursing Practice (DNP) education plays in VBP collectively. VBP is a transition from fee for services to a service based on outcomes initiatives for patient care improvements. The program is overseen by the Centers for Medicare and Medicaid Services (CMS), however the concept
…show more content…
These essentials focus on clinical scholarship, informational technology utilization, interprofessional collaboration, and population health management (American Association of Colleges of Nursing (AACN), 2006). Through application of these essentials, teamwork, collaboration, integration of systems and technology applications can be combined with the organizational goals, patient outcomes, reduction of waste, and quality improvements that are fiscally responsible (Aroh, Colella, Douglas, & Eddings, 2015). By utilizing the educational essentials in every aspect of the healthcare setting, the DNP can recognize what while quality comes as a cost, the return can be beneficial over the course of time, which may lead to bigger returns in VBP (Waxman, …show more content…
(September, 2017). Hospital Value-Based Purchasing. https://www.cms.gov/Outreach-and-Education/Medicare-Learning-Network-MLN/MLNProducts/downloads/Hospital_VBPurchasing_Fact_Sheet_ICN907664.pdf
Institute of Medicine (2010). The future of nursing: Leading change, advancing health. Retrieved from www.nationalacademies.org
Lima, J. C., Intrator, O., Karuza, J., Wetle, T., Mor, V., & Katz, P. (2012). Nursing home medical staff organization and 30-day rehospitalizations. Journal of American Medical Directors, 13, 552-557. https://doi.org/10.1016,j.jamda.2012.04.009
Mazurek Melnyk, B. (2016). The Doctor of Nursing Practice Degree = Evidence-Based Practice Expert. Worldviews On Evidence-Based Nursing, 13(3), 183- 184. doi:10.1111/wvn.12164
Muller, R. (2015). Financial proposals: What nurse executives need to know. The Journal of Nursing Administration. 45 (7/8), 361-362.
Roussel, L., Thomas, P., & Harris, J. (2016). Management and leadership for nurse administrators. (7th edition). Boston: Jones & Bartlett. ISBN: 9781284067620
Waxman, KT. (2013). Financial and business management for the doctor of nursing practice. New York: Springer Publishing Co. ISBN:

Related Documents

  • Improved Essays

    For decades, individuals, organizations, and corporations all around the United States have pushed for a superior healthcare system. The human body is evolving and resisting new medications every day; additionally, there are new scientific breakthroughs every so often. The medical system must adapt to these changes in order to meet its primary goal, better health care. The largest profession in healthcare today is Nursing. There is an estimated 3.1 million nurses in the U.S today, with a 33% increase by 2025 (The Future of Nursing, 2014). With the change of medicine and the influx of Nurses, proper education is required for an efficient healthcare system. In the education realm of nursing, there are various ways to obtaining a Registered Nurse (RN) Licensure; two of these routes are the Bachelor’s of Nursing (BSN) and the…

    • 816 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    IOM Report In Nursing

    • 1106 Words
    • 5 Pages

    The Institute of Medicine report (IOM), The Future of Nursing: Leading Change, Advancing Heath, is a thorough examination of how nurse’s roles, responsibilities, and education should change to meet the needs of an aging, increasingly diverse population and to respond to a complex evolving health care system (Foundation, 2015).It emphasizes on the registered nurse using the full extent of their education, training, competencies, and collaboration with other medical staff to provide higher quality care, decrease errors, and increase safety. (Institution of medicine, 2010).…

    • 1106 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Nurse Executive Summary

    • 1483 Words
    • 6 Pages

    Nurse Managers have a lot of responsibilities that call for management skills, leadership, dedication, and knowledge. They are accountable for achieving goals for the hospital and coordinating and organizing resources. “They must be directed toward balancing the needs of patients, the health care organization, employees, physicians, and self” (Sullivan, 2012, p. 41). The Pediatrics and Medical/Surgical Units at Memorial Hermann Sugar Land Hospital are under the direction of Pam Bourassa. Pam is a risk-taker, great communicator, and helps promote learning and growing in her staff.…

    • 1483 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Leadership skills are an important attribute of Advanced Practiced Registered Nurses (APRNs), especially Family Nurse Practitioners. In this role, FNPs may be providing guidance not only to their patients and families, but to co-workers as well. Raftery cites the importance of the nurse practitioner’s personal, clinical, and professional leadership skills in “the community, industry and government” (Raftery, 2015, p. 366).…

    • 760 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    The Importance Of Nursing Values In Nursing

    • 1436 Words
    • 6 Pages
    • 13 Works Cited

    Nurses are champions in adapting to change and identifying creative measures to help modify their practice, so it is not surprising that they are eager to meet these challenges head on. The assumption has been made that the delegation of physician care to FNPs will lead to better use of resources, however nurses must continue to be mindful of the possible risks and implications that may accompany these demands. Sacrificing nursing values cannot be tolerated. It continues to be a slippery slope as nurses cross the line into a medical role while maintaining a nursing framework. Having a concrete understanding of nursing theory and nursing values will help preserve the nursing identity during the newest healthcare…

    • 1436 Words
    • 6 Pages
    • 13 Works Cited
    Great Essays
  • Improved Essays

    Value Based Health Care

    • 724 Words
    • 3 Pages

    In the IOM Report, The Future of Nursing: Leading Change, Advancing Health, nurses are called to take a larger role in America’s health system. They are asked to practice to the full extent of their education, achieve advanced levels of education and training, and be invested partners with physicians and other health care partners. All three of these models will require nurses to be successful. By answering the call of the IOM report and the ACA, nurses have the opportunity to not only improve the nation’s health, but also strengthen their…

    • 724 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Yoder-Wise, P. S. (2015). Leading and Managing in Nursing (Sixth ed.). St. Louis, MO: Mosby Elsevier.…

    • 1465 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Value-Based Purchasing (VBP) is managed through CMS and is an initiative to reward acute-care hospitals with incentive payments based on the quality of care provided to Medicare beneficiaries. The program commenced the beginning of the 2013 CMS fiscal year. Reports indicate, despite…

    • 461 Words
    • 2 Pages
    Improved Essays
  • Decent Essays

    Preparing for this assignment required thoughtful preparation that resulted in an educational experience for myself the student. Listening intently to the Institute of Medicine released report 10/05/10 video (HTTP://iom.edu/reports/2010/the future of nursing-leading-change-advancing health.aspx) lead to excitement for me as a nurse. The Institute of Medicine report discussed the Future of Nursing: Leading change, Advancing Health. I was very surprised to learn that there were at least three million nurses in the healthcare workforce in 2010, imagine what those numbers might look like today. Hopefully nurses will consider this, will we see as a nation see a significant change in those three million nurses when the baby boomers retire. The Affordable…

    • 1003 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    Bundle Payment Analysis

    • 741 Words
    • 3 Pages

    The professional domain provides the nurse executive with the ability to create an environment favorable to advocating for optimal health care in the community, while representing the viewpoint of patients and families in the patients care (AONE, 2011). The competencies provide the nurse executive with skills essential for being able to comprehend how to analyze a budget’s performance through the business skills domain, which permits the leader to better manage financial resources adequately. In addition, knowledge of technology platforms will be essential to the effectiveness of hospital operations. Nurse executives that possess excellent leadership and business skills, along with understanding the health care delivery system will have gained insight of future innovations needed to provide excellent quality of care while achieving favorable organizational…

    • 741 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    In the Institute of Medicine's (IOM) report The Future of Nursing (2010), the focus is on nursing leadership. Nurses must take a role in leadership to advance changes in healthcare policy, to keep up with changing technology, and promote…

    • 498 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    163) Several key points were mentioned under this section of the report. They included the committee’s feeling that it is imperative that there is an increase in the percentage of BSN prepared nurses and that by 2020 it should increase from the current fifty percent to eighty percent. (IOM Report, pg. 172-173) The IOM also states that Advanced Practice Registered Nurses (APRNs), especially those with a doctorate degree , currently fewer than 1 percent of nurses, (HRSA, 2010b) needs to double by 2020 to meet the upcoming need to assume faculty and research positions. Other key points in this section of the report state that mandated skills and competencies must be updated to keep pace with the rapidly changing demands of health care, all health professionals should receive more of their education collaboratively with students from other disciplines, efforts must be made to increase the nursing workforce diversity, and the nursing profession must adopt a plan for continuous lifelong learning that includes basic education, continuing competencies, and academic progression. (IOM Report, pg. 213)…

    • 996 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    In 2010 the Institute of Medicine published a report called The Future of Nursing: Leading Change, Advancing Health. It discusses how nurses can make changes to create a greater role in America’s healthcare system. It encourages nurses to become more educated and to take on leadership roles. It also talks about nurses working in partnership with physicians and other highly trained healthcare professionals. Therefore, nurses should study this report and see what kind of changes they can make in their own practice.…

    • 739 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Nursing is a challenging field of study that allows for similarities and differences across the various positions that one has the potential to hold. A non-clinical nurse administrator and a clinical nurse practitioner are both advanced positions within the field of nursing; however, they vary and require different core competencies for each individual professional role. As with any professional position, required education and several competencies are needed to successfully fill the role. The purpose of this paper is to compare and contrast the core competencies of a non-clinical nurse administrator and a clinical nurse practitioner.…

    • 984 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    This essay will discuss the work of the Robert Wood Johnson Foundation Committee Initiative on the future of nursing. The Institute of Medicine (IOM) “Future of Nursing” report in relation to nursing practice, education and workforce development will also be explored. Finally, California’s progress in implementing the changes set forth by the IOM report will be discussed.…

    • 1121 Words
    • 5 Pages
    Improved Essays