The efficiency of medical treatment is crucial in nursing since this factor significantly defines patient outcomes. However, it is worth noting that the cost-effectiveness of health care is another vital aspect that can make medical services more affordable for the population (Kichko, 2019). Therefore, a balance between the treatment’s clinical efficacy and economic worth should be maintained to decrease costs while upholding the high quality of the provided healthcare services.
In general, nurses play a critical role in addressing patient needs efficiently. According to Norwich University Online (2021), “health care providers are increasingly adopting cost-effective care strategies, which focus on controlling expenses associated with different treatment methods and institutional operations without compromising” patient care’s quality (para. 2). Ensuring such a balance is necessary to meet the increasing demands for cost-effective treatment in the United States (Norwich University Online, 2021). In this regard, cost savings can lower overtime for nurses and address the burnout problem by adjusting nursing schedules accordingly. Overall, low costs frequently result in a lack of staff and high turnover rates at a company (Kichko, 2019). Therefore, maintaining a balance between the clinical efficacy and economic worth of medical treatment can recover the staffing situation and enhance the quality of care.
To conclude, cost containment is essential for reducing healthcare-related expenses. At the same time, it is critical not to aggravate patient health with the selected strategy. As noted by Norwich University Online (2021), medical treatment providers can remove barriers to care, implement proactive strategies, and learn about new nursing methods and technologies to manage costs effectively. With such an approach, a balance between the treatment’s cost-effectiveness and clinical efficacy can be maintained.
References
Kichko, K. (2019). Personalized medicine as innovation: What can Germany learn from the USA. Springer Nature.
Norwich University Online. (2021). Cost-effective care: Definition and nursing strategies for improvement. Norwich University.