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Essay / Research Paper Abstract
This 3-page paper answers questions about healthcare economics and changes in spending in microeconomics and macroeconomics. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: AS43_MTechealor.rtf
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Unformatted sample text from the term paper:
health care organizations and providers use economic tools to make strategic business decisions and reach the goal of providing optimal health care services? In their article "The economics of nursing:
Articulating care," authors Valerie Adams and Julie A. Nelson point out that nurses, for one, are responsible for providing cost-effective health care, which, in turn, means intelligent decisions when it
comes to allocation of resources. Though the authors were discussing this in terms that impact how nurses jobs are viewed, they have a good point - if we consider that
economics is the study of the allocation of resources, we can point to healthcare economics as the allocation of resources to do the most good for the highest number of
people in a given society. What, then, are economic tools used to make strategic business decisions? Supply and demand are the basic
tools - for example, if there is an increase in the number of patients requiring treatment for breast cancer, there will likely be more breast cancer treatment centers developed. Were
already seeing this in the United States with the number of bariatric centers on the rise. This is because overweight and obesity are on the rise and many gastroenterologists and
hospitals are seeing this demand and are attempting to meet it. This means that another tool - opportunity costs - also must be
weighed. Getting back to our breast cancer example, if there are more resources dedicated to the treatment of breast cancer, this means fewer resources might be dedicated to other types
of cancer treatments; or more rare types of cancer treatments. The opportunity costs of this might mean a smaller population with more rare cancer diseases might not receive adequate treatment
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