NURS FPX 6008 Assessment 1 Identifying a Local Health Care Economic Issue

To identify a local healthcare economic issue, one must first identify and understand a specific problem or challenge related to the financial aspects of healthcare in a given region or area. It examines the ways in which interactions between insurers, clients, healthcare providers, and government regulations impact the amount of money spent, the people who can receive healthcare services, and the cost of those services. Understanding this issue necessitates taking into account the disparate allocation of healthcare resources and their impact on the financial stability of underprivileged individuals and communities. Stakeholders should then focus on initiatives to close these gaps, like improving the healthcare system in impoverished areas, increasing health literacy, or implementing particular initiatives to remove treatment barriers (Daniel et al., 2018). The primary economic problem addressed here is the dearth of resources and support for rural and neglected populations.

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Health Care Economics and Their Effects on Particular Communities
Underserved and rural populations’ lack of access to funding is a major economic problem in American healthcare. Several obstacles prevent these communities from accessing quality healthcare treatments. Living in these places presents a number of obstacles, including limited access to healthcare practitioners, a lack of medical facilities, and insufficient financial resources (Palozzi et al., 2020).

A number of variables, such as lower reimbursement rates and fewer career possibilities, contribute to underserved and rural populations’ difficulty in attracting and retaining healthcare workers. These populations therefore require an increased number of primary care physicians, specialists, and other medical professionals. A National Rural Health Association research states that the number of primary care physicians per 100,000 individuals in rural areas is 39.8, whereas the number in urban areas is 53.3 (Troy Trygstad, 2020).NURS FPX 6008 Assessment 1 Identifying a Local Health Care Economic Issue

Additionally, the financial limitations that many rural hospitals and clinics face make it challenging for them to continue providing and growing their healthcare services. Numerous of these establishments function with limited profit margins, and a few may even have to close because of unstable finances. The population’s health results are harmed by underfunded and underserved communities’ lack of access. People in these places might put off getting medical attention, which would accelerate the development of diseases that could be prevented and raise mortality rates. For example, chronic illnesses including obesity, diabetes, and cardiovascular disease are more common in rural communities (Palozzi et al., 2020). According to the Centers for Disease Control and Prevention (CDC), there is an 18% increase in the age-adjusted death rate in rural areas compared to metropolitan areas. Various initiatives have been implemented by healthcare organizations and policymakers (Garcia et al., 2019). Increasing financing and providing incentives, such loan repayment plans and scholarships for medical students who agree to practice in underserved communities, is one strategy for luring healthcare professionals to these areas (Leath et al., 2018). In order to close the access gap, telehealth services have also become increasingly important, enabling patients to consult with medical professionals from a distance. Furthermore, initiatives to extend Medicaid in states with large rural populations and strengthen the financial stability of rural healthcare facilities can increase underprivileged groups’ access to care (Palozzi et al., 2020).