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 […]