13 May What changes would switch the labor market to a shortage in the future?
After completing the Waxman reading, answer the questions that follow:
Part 1: Nursing Surplus
In 2011, it was reported that there was a surplus of registered nurses in many parts of California (Bates, Keane, & Spetz, 2011). Identify possible explanations of the emergence of a surplus. Bates, T., Keane, D., & Spetz, J. (2011). Survey of nurse employers in California, Fall 2010. San Francisco, CA: University of California, San Francisco.
What might have changed in the labor market?
How can you depict this in a chart?
What changes would switch the labor market to a shortage in the future?
Part 2: Ambulatory Care Payment
Medicare rules pay NPs 85% of the fee paid to physicians for ambulatory care. The ACA offers full payment to NPs for providing preventive services in an outpatient setting.
How might this change affect the quality of care? Access? Costs?
READING: Read the following in your Waxman textbook:
Chapter 1, “The Economic Context of Nursing Practice in the United States”
Read the following article and/or web resource:
Drennan, V. M., & Ross, F. (2019). Global nurse shortages: The facts, the impact and action for change. British Medical Bulletin, 130(1), 25–37.
Waxman, K. (2022). Financial and Business Management for the Doctor of Nursing Practice (3rd ed.). Springer Publishing LLC. https://reader2.yuzu.com/books/9780826160164
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