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HEALTH CARE ECONOMICS INTRODUCTION. Learning Objectives. • Practice and advocate for cost-effective care. • Summarize funding and reimbursement sources for patient-care services. • Explore how political, social, and demographic trends have affected the patient population and delivery of health care. • Analyze the link between economics and quality.
spent in the U.S. economy goes to some form of healthcare, including spending on physicians, nurses, dentists, hospitals, pharmaceutical drugs, and medical research scientists. Understanding the modern economy, therefore, requires an appreciation of the special economics of healthcare.
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 of Health and Health Care, the market-leading textbook covering all aspects of health economics. The six chapters included here focus on different elements of the field of health and health care economics, and range from the theoretical to the more practical. Our
“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.
This second edition of ‘Health Economics’ has been updated to take account of methodological developments in the field of economic evaluation in health care and includes a number of detailed case studies which did not appear in the first edition.
Technical Efficiency = producing maximum benefit (outputs) from given inputs (resources), or given level of benefit from least inputs. Economic Efficiency = producing maximum benefit from given budget, or given level of benefit at least possible cost (value of resources)
