By Robert H. Lee
Healthcare managers confront many tough and complicated questions. Economics for Healthcare Managers offers the industrial instruments managers have to simplify and increase selection making. This e-book presents a framework for figuring out pricing, legislation, expenses, marketplace call for, profitability, and possibility concerns that each one healthcare managers face. completely revised and up to date, the second one variation beneficial properties: a brand new bankruptcy on growing and reading forecasts a brand new bankruptcy on executive intervention in healthcare markets Case reviews and examples that illustrate the way to examine administration difficulties and make options Key strategies, dialogue questions, and a thesaurus for every bankruptcy Written in an easy and useful sort, this e-book is perfect for readers with out heritage in economics.
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Additional resources for Economics for Healthcare Managers, Second Edition
6 shows that days of care per 1,000 persons have fallen by over 50 percent since 1980, although this contraction has slowed in recent years. Areas with high levels of managed care have much lower rates of hospital use than average, and insurers and health systems are beginning to develop strategies for reducing hospital use still further. Innovations in pharmaceuticals, surgery, and imaging also promise to contribute to sector contraction. Many healthcare managers are maintaining an inpatient focus.
Most management decisions are made on the basis of marginal analysis, although the questions used to arrive at the decisions are often more concrete. For example: What costs would we incur if we increased the chicken pox immunization rate among three-year- C hapter 2: An Overview of th e U. S . He a lt h c a re S ys t e m 19 olds from 78 to 85 percent, and how much would increased immunization reduce the incidence of chicken pox among preschoolers? Reasonable answers to these questions tell us the cost per case of chicken pox avoided, and we can decide whether we want to use our resources for this proposition.
Another name for out-of-pocket payments is cost sharing. 1 Boom and Bust in Home Care The history of home care in the 1990s should be a warning to any manager whose business model relies on a single payer. Medicare home-care spending grew rapidly between 1989 and 1997. Visits per user nearly doubled, and the number of users increased sharply (Spector, Cohen, and Pesis-Katz 2004). There were several reasons for this boom. The introduction of the prospective payment system encouraged hospitals to discharge patients quickly to other settings, such as home care.
Economics for Healthcare Managers, Second Edition by Robert H. Lee