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Nurses as Human Capital, Not Human Resources.

Karen Drenkard¹

¹Author Affiliation: Chief Nursing Advisor, AARP Public Policy Institute.

The Journal of Nursing Administration

|December 20, 2024

Summary

This summary is machine-generated.

Recognizing the economic value of nursing is crucial for healthcare transformation. Investing in nursing as human capital, not expendable resources, improves patient outcomes and system efficiency.

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Area of Science:

Healthcare Management
Nursing Economics
Health Services Research

Background:

The current healthcare system often undervalues nursing contributions.
Nurses play a critical role in patient outcomes and healthcare efficiency.
A paradigm shift is needed to reframe nursing's position within the economic structure of healthcare.

Purpose of the Study:

To advocate for the recognition of the economic value of nursing.
To highlight the importance of investing in nursing as human capital.
To propose a transformation in how nursing services are perceived and valued within healthcare.

Main Methods:

Conceptual analysis of nursing's role in healthcare economics.
Review of existing literature on healthcare resource allocation and human capital theory.
Argumentative synthesis to support the economic valuation of nursing.

Main Results:

Nursing interventions are fundamental to improving patient outcomes.
Nursing services significantly enhance the efficiency of the healthcare system.
Viewing nursing as human capital justifies investment, unlike expendable human resources.

Conclusions:

A paradigm shift is necessary to determine the economic value of nursing.
Investment in nursing is essential for healthcare transformation and improved efficiency.
Reclassifying nursing from expendable resources to valuable human capital is paramount.