RW class 1

0 comments

Part 1 (300-500 words)

To assist in preparing for the assignment as well as providing some framework for stronger discussions, please find notes below for your review. This includes the important concepts to review as well as a sample response. Please remember that the sample response is a sample framework and not your wording. If you use any of the infomraiton from the sample, this will need to follow the referencing and paraphrasing guidance from APA.

Important Concepts to Review:

* Cost Benefit Analysis

* Consider Sunk Costs, Opportunity Costs

* Review MUSE template on Decision Making in Healthcare as well as Decisions to be Cautious About

Sample Response

Investing into a healthcare organization can be an exciting and intimidating experience. Using the appropriate economic model or analysis can provide a measurable tool in decision making. In completing the analysis, background information is important to consider.

The aging Baby Boomer population has resulted in an increasing group of individuals over the age of 65 within the United States (National Mortgage News, 1999). The result is an anticipated population growth of this demographic exceeding 40 million individuals (National Mortgage News, 1999). These individuals are looking for options for housing needs has resulted in the increasing prevalence of Assisted Living Facilities (National Morgage News, 1999).

In conducting an economic analysis, an investor can determine the level of commitment to the venture. If upon investing $10,000 the venture is not determined to be successful, the investor can use the economic concepts of (Insert appropriate economic principle here). This principle is defined as (define the principle and application).

(Conclude the posting with your recommended outcome based on your exploration of the economic principle).

References

Anonymous. (1999). Growth of assisted living facilities is booming: Analysis. National Mortgage News. Vol. 23, Iss. 41. Retrieved from https://search-proquest-com.proxy.cecybrary.com/do…

Part 2 (300-500 words)

The World Health Organization and the Centers for Disease Control and Prevention (CDC) sites list the major determinants of health services utilization.

Complete the following for this assignment:

  • Select and analyze 1 determinant of health within the concept of its impact to the U.S. health care system.
  • Describe the health care demand and supply as it relates to your chosen determinants.
  • What will be your recommendation on how to reduce or eliminate this determinant?

Ensure that you integrate economic terms, frameworks, and models throughout your review.

Part 3 (300-500 words)

In this Discussion Board assignment, consider your own personal experience with the cost of health care. Are you among those who believe that hospital bills are excessive? What about the charges at your doctor’s or dentist’s office?

Discuss the following:

  • Describe an experience with a bill that you received at a hospital or doctor’s office.
  • Should the government intervene to control how health care prices are set?
  • What is your opinion on the role of the Patient Protection and Affordable Care Act (PPACA) in health care cost control?
  • Would you support the PPACA in fixing health care costs for services across the board?

Ensure that you integrate economic terms, frameworks, and models throughout your review.

Part 4 (300-500 words)

http://archive.kuow.org/post/indias-philanthropist-doc-delivers-cardiac-surgery-henry-ford-style

https://www.kff.org/health-costs/

For several decades, the rapid increase of health spending in the United States has been the subject of many discussions and great scrutiny. For additional background on this subject, read the following articles:

Based on the information that you gained from these articles and in this course, how does the growth of health care cost impact the government and employers? Complete the following:

  • Articulately summarize the growth and impact of health care costs.
  • Analyze the essential indicators of economic benefits per unit on the country’s gross domestic product (GDP) and on employment.
  • Based on your research, give recommendations for improvement or change.

Ensure that you integrate economic terms, frameworks, and models throughout the review.

Part 5

Review and reflect on the knowledge you have gained from this course. Based on your review and reflection, write 300 words on the following:

  • What were the most compelling topics learned in this course?
  • How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?
  • What approaches could have yielded additional valuable information?

Part 6 (2-3 pages)

Identify and briefly define 1 of the following concepts:

  • Opportunity cost
  • Sunk cost
  • Cost-benefit analysis

Based upon the concept that you have selected, respond to each of the following questions:

  • What are the basic steps for the application of your chosen concept in resource allocation?
  • Provide an example of how this concept can be applied in a specific health care resource allocation.
  • How will the application of this concept impact the structure of the health care institution when allocating resources?

Ensure that you integrate economic terms, frameworks, and models throughout the review.

Be sure to follow APA style page formatting, and provide at least 4 peer reviewed references from health care journals published in the past 5 years.

Part 7 (2-3 pages)

As the newly appointed public health director in your county of residence, you are charged with increasing the health care utilization in your county. Document your high-level strategic plan by responding to the following:

  • Summary: Who are the stakeholders in this situation?
  • Analysis: What factors may impact the increase or decrease of health services supply and demand in your county?
  • Recommendations: Provide an example of a supply and demand curve to describe the health care utilization in your county.

Ensure that you integrate economic terms, frameworks, and models throughout your review.

Be sure to follow APA style page formatting, and provide at least 4 peer-reviewed references from health care journals published in the past 5 years.

Part 8

There are two principles that health care providers rely on when set the rates for their services. The first principle is cost, and the second is based on third-party reimbursements, especially from Medicare.

As the chief operations officer of your hospital, you have been asked by the board to make a presentation on how the hospital sets the price for the services that it provides.

Create a PowerPoint presentation of 6–8 slides with speaker notes that analyzes the different services provided by the hospital and the rationale for charging patients for them. In your presentation, consider the following:

  • Who are the stakeholders in this scenario, and what are their roles?
  • Describe the practice of price discrimination and its objectives.
  • What role does the cost of the doctor’s education and malpractice insurance play in costing health care services?
  • What is the role of third-party payers such as Medicare and Medicaid in pricing health care services?
  • How does the uninsured population impact pricing?
  • How does the use of emergency services for nonemergency situations impact pricing?
  • Document recommendations for improvement based on your economic analysis.

Ensure that you integrate economic terms, frameworks, and models throughout the review.

As a guideline, do not have more than 16 words on each slide. Your speaker notes should explain the slide in detail. Be sure to follow APA style page formatting, and provide at least 4 peer-reviewed references from health care journals published in the past 5 years.

Part 9

In this global economic market system, there is concern that health care costs and spending in United States will exceed that of other competing industrialized nations. A close examination of health care cost and spending in the United States reveals that much of the increase in gross domestic product (GDP) is a result of the cost of health care.

In a paper of 3-4 pages, not including title page, abstract page and reference page, complete the following:

  • How does health care spending in the United States impact the country’s economy?
  • Summarize the impact of health care spending in the United States on the economy.
  • Provide a critical analysis of this impact that is supported by relevant cited sources.
  • Recommend a strategy based on your analysis.

Ensure that you integrate economic terms, frameworks, and models throughout the review.

Be sure to consider individual households, employers, local economies, and state and federal governments.

Be sure to follow APA style page formatting, and provide at least 4 peer-reviewed references from health care journals published in the past 5 years.

Part 10 (4-5 pages)

Consider the following major sectors within health care:

  • Health care equipment
  • Health care services
  • Pharmaceuticals, biotechnology, and related life sciences

Based on insights that you have gained throughout the course and this week’s lesson, write a paper of 4-5 pages, not including title page, abstract page, and reference page, that discusses the following:

  • Summary: Discuss the role of each sector in the health care industry and the economy.
  • Analysis: Discuss the impact of each sector on the health care industry and the economy.
  • Evaluation: Discuss the impact of the economic practices of these sectors on the industry globally.

Ensure that you integrate economic terms, frameworks, and models throughout the review.

Finally, recommend policy updates, changes, and revisions to each sector that will address the opportunities and challenges within the industry.

About the Author

Follow me


{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}