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Regulatory Compliance Economics
Students are required to submit reflective journal entries at specific points throughout the course. These reflective narratives help students identify important learning events that happen throughout the course and the practicum.
Write a reflective journal (250-500 words) to outline how your experience at your practicum site related to the following reflective questions:
- You have developed a list of resources needed for your project implementation in Topic 6. To complete this reflective journal, discuss with your preceptor the relationship between policy, regulatory requirements, and economics on care outcomes. Discuss how regulatory requirements and financial resources available will impact your project. How do you think this will impact the care that your practicum site will be able to provide?
- Reflect on the relationship you discussed above as well as your practicum site experience. Provide an example from your practicum site of these relationships or discuss an example from your professional or personal experience.
While APA style is not required for the body of this assignment, solid academic writing is expected.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
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Regulatory Compliance Economics
In my recent experience at my practicum site, I had the opportunity to reflect on the relationship between policy, regulatory requirements, and economics in shaping care outcomes. During my discussion with my preceptor, it became clear that regulatory requirements play a crucial role in ensuring that health care services meet certain standards of quality, patient safety, and compliance. These regulations ensure that health care facilities adhere to best practices and provide care that is in line with the most up-to-date scientific knowledge and ethical standards. However, meeting these standards often requires significant financial resources, which presents a challenge, particularly when resources are limited.
My preceptor explained that financial resources are a key factor in determining what care services a practicum site can offer, and these resources are often influenced by regulatory requirements. For example, hospitals must allocate funds to comply with regulations such as those set forth by the Centers for Medicare & Medicaid Services (CMS) or the Joint Commission. These requirements may include investing in certain technologies, providing specific staff training, or implementing new systems for…