Average cost for patients with similar diagnoses

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Write the reference cited in this text: Shift to Value-Based Health Care Before 1983, hospitals billed patients on a cost-plus basis, charging for all supplies and resources used by each patient. After 1983, the billing system shifted to charging an average cost for patients with similar diagnoses, with hospitals receiving higher reimbursements based on quality care measures (DeNisco, 2019). This transition to value-based healthcare has increased patient satisfaction and improved outcomes by emphasizing the quality of care over the quantity of costs. However, hospitals must balance providing high-quality care with maintaining profit margins, particularly in underserved areas. As a result, Advanced Practice Nurses (APNs) have taken on greater responsibility for delivering preventive care services, ensuring patient adherence to care plans, and reducing hospital admissions and lengths of stay to avoid unnecessary treatments and costs. To keep pace with evolving trends, APNs must assume leadership positions and engage in policy and procedure development. In the future, we are likely to see more APNs in government roles and as directors in healthcare organizations. Nurse leaders can drive "disruptive innovation," which is defined as "improvement that originates in low-end or new-market footholds and pushes incumbents closer to the top of the market or.

Reference no: EM133756708

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