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Running Head: HEALTHCARE POLICY, FINANCE, AND REGULATROY ENVIROMENTS 1

Essential V: Healthcare Policy, Finance, and Regulatory Environments


Nathan Duffey
Frostburg State University















Running Head: HEALTHCARE POLICY, FINANCE, AND REGULATORY ENVIROMENTS 2

Healthcare Policy, Finance, and Regulatory Environments
Essentials of Baccalaureate Education for Professional Nurses (shortened to ESBN or
AACN Essentials) states that essential number V (five) deals with the healthcare policies,
including financial and regulatory policies, directly and indirectly influence nursing practice as
well as nature and functioning of the healthcare system (AACN, 2014, p.20). The learning
outcome in this portion is that the baccalaureate nurse and student should have a broader
understanding of healthcare, healthcare issues and regulatory services. Also under the ESBN it is
important to focus on the overall profession of nursing and improvement of wellbeing for our
patients through these policy focuses. During the semester the student will learn through practice
exams, discussion boards and essential writings.
Exemplar
During the semester we worked on projects that included the work of policy reform
associated with the new information technology class. Our project included developing new
technology devices that would help the nurse perform their jobs at a more efficient rate. In the
process of developing these devices the use of finance and healthcare policy reform came into
question and how this would be developed. Policy review and institution was all part of the
essential V that was selected for this aspect of the portfolio and with this project the
baccalaureate nurse will be able to perform these tasks at a proficient rate.
Reflection
The AACN essential five and the policy review project were similar in the way that the
project helped with demonstrating basic knowledge of policy review, finance, and regulatory
environments, including local, state, national, and global healthcare trends (AACN, 2014, p.21).
Running Head: HEALTHCARE POLICY, FINANCE, AND REGULATORY ENVIROMENTS 3

As a baccalaureate nurse, the review of policy is an important and vital function as most of the
companies in the healthcare system have policies which act as ground rules for the staff. It is
important to identify oneself with the policies in order to build upon this knowledge at your local
work environment. This project has enhanced my knowledge of the AACN essentials five and
the importance of policy, finance, and regulatory environments.













Running Head: HEALTHCARE POLICY, FINANCE, AND REGULATORY ENVIROMENTS 4

References
AACN. (2008). The Essentials of Baccalaureate Education for Professional Nursing Practice.
Retrieved on July 26, 2014 from https://frostburg.blackboard.com/bbcswebdav/pid-308081-dt-
content-rid-890073_1/courses/2143NURS496_721_6W2/BaccEssentials08.pdf