Explain the concept of the imperfect marketplace

Reference no: EM13270944

1. Explain the concept of the “imperfect marketplace” of the American healthcare delivery system. Then describe the affect the “imperfect marketplace” has upon government political intervention into the healthcare economic marketplace.

2. Describe why economic analysis of clinical and administrative innovations are important to the healthcare manager. Also, of the four types of economic analysis (cost minimum analysis, cost effectiveness analysis, cost utility analysis, and cost benefit analysis), discuss which of them is likely to be most useful to the healthcare manager.

3. All healthcare organizations must make a “profit” or they will go out of business. Several means to increase profits exist, including cutting costs and expanding or contracting output. Briefly describe the approach you would take as a healthcare administrator of a non-profit hospital in order to increase its profits.

4. First, Discuss how the understanding of healthcare economics can assist the healthcare administrator in determining whether it is financially feasible to set up an urgent care clinic. Then, discuss why an understanding of healthcare economics would be of little assistance in determining whether setting up such a clinic would meet favorably with consumers’ belief systems.

Reference no: EM13270944

Questions Cloud

Define jurisdiction and define enforcing a judgment : Define "Jurisdiction." On what bases could a private dispute be decided in Federal Court? What is the result of a Motion to Dismiss if the moving party is successful? Define "Enforcing a Judgment." How does ADR compare to Civil Litigation?

Determine the spring constant-mass-spring system : A mass that weighs 8 lb stretches a spring 4 in. The mass is attached to a dashpot mechanism that has a damping constant of 0.25lb-sec/ft. The system is acted on by an external force of 6sin 8t lb. The mass is pulled down 3 in and then released.

Cultures in which people-relationships and the environment : Cultures in which people, relationships, and the environment are most important can be best characterized as. John prefers to work alone and to make his own decisions at work, while Jennifer prefers to consult her work group prior to making any decis..

Distinction between the army alpha and the army beta : The main distinction between the Army Alpha and the Army Beta is. The Civil Rights Act of 1964 prohibits discrimination against all of the following except

Explain the concept of the imperfect marketplace : Explain the concept of the “imperfect marketplace” of the American healthcare delivery system. Then describe the affect the “imperfect marketplace” has upon government political intervention into the healthcare economic marketplace.

The power process-ideas are tools : The Power Process: "Ideas are tools" states that if you want to use an idea, you must believe in it. True or False? Explain your answer.

Transcript for todd herseth’s ethics video : I want to share with you an ethical situation that I found myself in many years ago. I was the Director of Development for a nonprofit organization. As a nonprofit, we received a number of donations. Some of them were earmarked for specific purposes.

How is the data from an EMR utilized : How is the data from an EMR utilized? What is the impact of EMR certification on reimbursement?

Input an integer n between 4 and 9 and output a triangle : Write a program that lets the user input an integer n between 4 and 9, and output a triangle. Use a 2-dimensional array.

User Account

All Pages