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Economics is the study of how individuals and societies make decisions about how to use their limited resources. Health care is considered a limited resource because there isn’t enough money or time in the world to purchase and provide care for every individual in every conceivable manner. The ethical question of who pays for that care is ...
Economics in health care affects an individual’s ability to pay for and receive health care, the ability of an institution to provide health care services, and nurses’ ability to provide safe, quality care to the communities they serve.
13 Ιαν 2017 · Key aspects of health economics include cost accounting, cost-benefit analysis, cost-effectiveness analysis, and analyzing the effects of factors like technology, population changes, and policies on health care systems.
Key Concepts in Health Economics. Richard Smith London School of Hygiene and Tropical Medicine. Lecture 2: Key concepts in health economics. This lecture should enable you to: Describe the concepts of efficiency, opportunity cost and marginal analysis. Understand why these concepts are important in health economics.
“Health economics” as a course is meant to give medical, health officer and other paramedical students basic principles regarding economics and its application to the health sector.
Explore how political, social, and demographic trends have affected the patient population and delivery of health care; Analyze the link between economics and quality; Describe nursing strategies to provide cost-effective care; Examine economic pressures impacting case management and the management of institutional resources
Health economics is the application of economic principles, models and tech-niques to decision-making in healthcare (Culyer 2005, Morris et al. 2007). Healthcare costs are on the increase globally, rising faster than the rate of inflation in developed countries and consuming a large proportion of the total economy (Meltzer 2001).
