Economic context of nursing education in India

There is an urgent need to strategically invest in nursing education

1. Economic Context Of Nursing Education D. KOTESWARAMMA TUTOR/CLINICAL INSTRUCTOR COLLEGE OF NURSING AIIMS PATNA

2. Through this session…. Key statistics on the global nursing workforce Understanding economic context in nursing education Economic landscape of nursing education in India Future trends in nursing education economics in India Economic challenges in nursing education Strategies for economic sustainability

3. Why the Theme of Economy?? Nurses provide care and leadership to address global health challenges everywhere Yet our healthcare systems worldwide have fallen short and failed to value, protect, respect and invest in this precious resource The world has mistakenly taken nurses for granted, treating them as an invisible and inexhaustible resource. That must now stop for the sake of nurses and global health

4. The State of World Nursing Report 2020(WHO) The global nursing workforce is 27.9million, of which 19.3 million are professional nurses The world does not have a global nursing workforce to commensurate with the universal health coverage and SDG targets. Ageing health workforce patterns in some regions threaten the stability of the nursing stock

5. To address the shortage by 2030 in all countries, the total number of nurse graduates would need to increase by 8% year on average, alongside an improved capacity to employ and retain these graduates

6. Recommendations to transform the health workforce for the SDGs Job creation Gender and women’s rights Education, training and skills Health service delivery and organization Technology Crises and humanitarian settings

7. Investment in nurses will contribute not only to health-related SDG targets, but also to education (SDG 4), gender (SDG 5), decent work and economic growth (SDG 8)

8. Importance of understanding the economic context in nursing education-overview Impact on access and equity Quality of education Workforce development and retention Healthcare systems sustainability Innovation and adaptation Global collaboration

9. Economic Landscape of Nursing Education in India Government funding Scope of Government funding Impact of government funding Global perspectives Challenges and considerations Private sector investment Scope of private sector involvement Private sector initiatives Benefits Challenges and considerations

10. Future Trends in Nursing Education Economics Anticipated shifts in funding models and sources Technological advancements influencing education costs

11. Economic Challenges in Nursing Education Rising costs of tuition and related expenses Impact of economic downturns on nursing education budget Regional disparities in access to education Health care budget constraints Limited resources and infrastructure

12. Strategies for Economic Sustainability Collaboration between educational institutions and health care providers Diversification of funding sources Incorporating economic realities into nursing curriculum design Equipping students to navigate financial challenges in nursing careers Advocating for increased investment in nursing education

13. Collaboration between educational institutions and health care providers Clinical training and Experiential learning Faculty practice partnerships Continuing education and professional development Interprofessional education and team based care

14. Diversification of Funding Sources Traditional funding sources Industry partnerships and sponsorships Research grants and funding

15. Incorporating Economic Realities into Nursing Curriculum Design Understanding health care economics Clinical resource utilization Ethical and legal considerations Health policy and advocacy Interprofessional education

16. Equipping Students to Navigate Financial Challenges in Nursing Careers Financial literacy education Career development and professional growth Understanding health care economics Clinical resource management Continuing education and lifelong learning

17. Advocating for Increased Investment in Nursing Education Workforce strategies and health care demand Impact of nursing education on healthcare outcomes Economic benefits of nursing education investment Health equity and social justice Call to action

18. Policy levers to enable the nursing workforce

19. Conclusion… Countries affected by shortages will need to increase funding to educate and employ at least 5.9 million additional nurses Nurse mobility and migration must be effectively monitored and responsibly and ethically managed Nurse education and training programmes must graduate nurses who drive progress in primary health care and universal health coverage. Nursing leadership and governance is critical to nursing workforce strengthening

20. Value, protect, respect and invest in our nurses for a sustainable future for nursing and health care “our Nurses our Future” “The Economic power of care”