Week 2: Impact of Socioeconomic & Sociopolitical Factors on Healthcare Finance & Nursing Practice Differentiate socioeconomic versus sociopolitical factors that impact healthcare finance and have either a positive or negative impact on a selected healthcare stakeholder (patient, family, nurse, or other identified stakeholder). Phrase your response from a nursing perspective derived from your practice experience. An example of socioeconomic factors that impact healthcare finance is socioeconomic status. Socioeconomic status is the social class of an individual or group. It is often measured as a combination of education, income and occupation. Low socioeconomic status has been linked to inequities in access to care, quality of health care and issues related to privilege, power and control (American Psychological Association, 2019). Health reform measures, such as Medicare and Medicaid are sociopolitical factors that are created to address the social determinants of health within the healthcare system (Artiga & Hinton, 2018). Evidence have shown that
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- Spring '19
- Health care provider