Category: Economic

Table of Contents Introduction Effects on global economies Actions of national and global healthcare systems Differences in methods Impact of economics and healthcare systems on each other Risk factors of diseases Conclusion References Introduction For the entire existence of humanity, the world has fought against several pandemics such as SARS, H5N1 avian influenza, Ebola, and…

Economic stability in communities is essential for prosperity as significant recourses are necessary for improving the health of every individual. However, the current situation demonstrates that every tenth of American lives in poverty and cannot afford basic healthcare (Healthy People 2030, n. d.). Consequently, citizens with chronic diseases are unable to maintain their conditions, and…

Table of Contents Introduction Determinants of Demand for nursing services Changes in Demand, Shifts in demand curves Determinants of Supply of nursing staff Equilibrium Market forces Consumers’ expectations Conclusion References Introduction In a normal marketplace, there is always a supplier and buyer. The buyer creates demand, and the supply creates the supply. Therefore, I will…

In health care decision-making, there are four main methods of economic evaluation. These are cost-utility analysis, cost of illness studies, cost-effectiveness analysis, and cost-benefit analysis. Each method is suitable for a given scenario as they are designed to work differently. Therefore, given a situation where an evaluation has to be done on new diabetes medication,…

Table of Contents Introduction Discussion Conclusion References Introduction Behavioral economics is the study of how people could individually analyze their economic choices and make decisions based on them. Importantly, the study emphasizes the fact that not all individuals act rationally and based on reason, as suggested in classic economics theories of supply and demand. Rather,…

Table of Contents Introduction Discussion Conclusion References Introduction Behavioral economics seeks to change the insurance system, considering people’s reactions to changes in certain areas. The goals set, reflecting the interests of the state and society, are to maintain the volume and quality of funded medical care against cost containment. It is a permanent conflict between…

Table of Contents Current definition of provider productivity and expected changes Changes in physician work in the new reimbursement model Best forms of provider compensation Assuring strong balance between provider financial security and productivity Implications for Physician leadership or leadership model Reference Current definition of provider productivity and expected changes The community health systems may…

Economic insecurity has numerous implications on the human brain. This is evident in this article as the authors have presented the relationship between mental health and economic insecurity. According to the article, economic insecurity causes anxiety to individuals (Cheng, Mauno, & Lee, 2014). People living without job security or other insured hazards are prone to…

The video “COVID; why the economics of healthcare will never be the same“ highlights the long-term impact of COVID-19 on the healthcare industry. Glenn, the author of the video, depicts that the fee for service (FFS) reimbursement model is the basis of healthcare economics in the US (TEDx Talks). Under this model, hospitals bill patients…

Table of Contents Introduction Personal Benefit Steps to Solve the Problem Data Sources Basic Knowledge Introduction Using elements of financial analysis is a crucial task of an individual’s economic literacy to use available resources, reallocate them, and invest correctly. In addition, one of the goals of financial planning, in general, is to create short-term and…