Financial Incentives/Costs In no more than 250 words, summarize the financial impact of the issue and the idea (added costs, cost savings, increased revenue, etc.). Provide support (may include references from the “Research Your Issue” section).

Financial Incentives/Costs

 

In no more than 250 words, summarize the financial impact of the issue and the idea (added costs, cost savings, increased revenue, etc.). Provide support (may include references from the “Research Your Issue” section).

Using the findings from McHugh et al. (2021) and Lasater et al. (2021), implementing a legislative mandate to have adequate nurse-to-patient ratios has significant cost savings resulting from shorter lengths of stay and reduced readmission rates. Lasater et al. (2021), estimate these savings to be over $700 million, while McHugh et al. (2021) estimate the savings to be close to twice the amount of money spent in employing the additional nursing staff. Additional benefits in costs could be higher reimbursement rates resulting from the provision of quality care and reduced readmission rates, all as a result of a value-based payment model.
 Legislature: Information Needed and Process for Proposal

 

Discuss how to advocate for your proposal using legislation. Include the following:

Provide the name and complete contact information for the legislator. Hakeem Jeffries

 

55 Hanson Place

Suite 603

Brooklyn, NY 11217

Phone: (718) 237-2211

Describe the steps needed to present this to your legislator. The best way to introduce the legislative agenda to the legislator is by scheduling a one-on-one meeting, first by reaching out through email and directly contacting the office for an appointment. A one-on-one meeting is preferred since there will be enough time and opportunities for the legislator to seek clarification and gain an understanding of the pertinent issue.

 

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