The Role Of Nurse Practitioners On Reducing Healthcare Costs

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The Role of Nurse Practitioners in Reducing Healthcare Costs
In the United States, not every individual has the privilege of affording the necessary medical attention. Socioeconomic status has an impact on the health outcomes of individuals, as a result, many people who are uninsured go through their daily lives without assisting to a yearly physical or a primary care visit when they feel ill. This leads to an increase in emergency room visits, which increases healthcare costs. The increased healthcare expenses are greatly related to the decreased availability of primary care services, and the excessive emergency room visits. This paper will explore the benefits of allowing nurse practitioners to provide primary healthcare by delving into
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This is partly due to the differences in pay for specialists and primary care physicians. With the increased shortage of primary care professionals, advance practice registered nurses could assume the responsibility and therefore aid in lowering healthcare costs
There are various ways that nurse practitioners can improve primary care while simultaneously reducing healthcare costs. According to Naylor and Kurtzman (2010), “the average cost of a nurse practitioner or physician assistant visit is 20-35 percent lower than the average cost of a physician visit” (p. 895). This could result in approximate savings of 4.2 million to 8.4 million dollars between the years 2010 and 2020 (Naylor & Kurtzman, 2010, p. 895). Nurse practitioners are able to provide patient centered care geared towards the prevention and management of chronic diseases such as diabetes and hypertension.
Economic Factors
In order for individuals to have access to medical services, they must have a method of payment, whether it will be out of pocket, private insurance, employment based insurance, or government financing. The access to care also depends on the availability of medical professionals and the accessibility of resources (Bodenheimer & Grumback, 2012, p. 17). Even those who have the privilege of having insurance might not seek care for minor issues due to various copays and out of pocket payments.
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