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Nurse Shortage in Nursing Homes

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Nurse Shortage in Nursing Homes Nursing shortages have been an issue in the health care field for a few years now. This shortage is seriously impacting nursing homes and the elderly in our society today. With a shortage of 8.1% of nurses in 2008, it is important to understand what is happening to nurses (Addressing the Nursing Shortage, 2010). To help one understand the nurse shortage more, this paper will discuss resource scarcity, stakeholders, economic flows, changes in supply and demand, pricing decisions, along with a business proposal. The business proposal will discuss where the market has a shortage of providers, list of services the firm will provide, explanations of set prices, and who will be hired and how much one will be paid.
Resource Scarcity and Stakeholders
Economic Flows According to Jacobs & Rapoport, “Economic flows can involve both money and services.” There are a couple of economic flows that could affect the nursing home and the nursing shortage. The first would be how the nursing home provides health care to the elderly. If the firm does not provide good service to the patients and customers, most nurses and patients would not want to stay at the nursing home. The second economic flow that could affect a nursing home is money. If the nursing home does not have the right amount of money, patients are not going to get the service they require. The same could be said about the nursing shortage in nursing homes. If the money is not there, then the nurses are not going to be paid, leaving many nurses out of work and trying to find work again.
Causes of Change in Supply and Demand There are several causes of change in supply and demand with nurse shortages. Here is a list of some of the causes of change in supply:
• Steep population growth in several states
• A diminishing pipeline of new students to nursing
• A decline in RN earnings

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