Healthcare Economies
August 19, 2018
An Introduction to Economics of Healthcare What does economics study? Economics analyzes the allocation of scarce resources. Resources include anything useful in consumption or production. From […]
August 19, 2018
Describing, Evaluating, and Managing Risk The goal of describing, evaluating, and managing risk is improving choices, not identifying perfect choices. Even when the evidence available to […]
August 28, 2018
Elasticity An elasticity is the percentage change in one variable associated with a 1 percent change in another. Elasticity are valuable tools for managers. Armed only […]
August 28, 2018
Pricing Pricing is important, but many healthcare firms lack direction. Pricing is a continuing challenge for healthcare organizations for three reasons. First, many managers do not […]
August 28, 2018
Supply and Demand Analysis Healthcare markets are in a constant state of flux. Prices rise and fall. Volumes rise and fall. New products succeeded at first […]
August 29, 2018
The Demand for Healthcare Services Demand is one of the central ideas of economics. Demand forecasts are essential to management. Most management decisions are based on […]
August 29, 2018
Understanding Costs Understanding and managing costs are core managerial tasks. Whatever the mission of the organization, cost control must be a priority. As evidence mounts that […]