Description
Prior to engaging in this discussion, read Chapters 1 and 2 in the text and review any relevant Instructor Guidance. It is suggested that you also review the recommended articles to glean any helpful information. The idea that value depends on consumers’ preferences is often considered radical. In your initial post, analyze the economic theories that are germane to the provision of health services, and comment on how one or two specific model(s) might explain the framework or context of patient/consumer preference with regard to the health care services they have experienced. Compare and contrast economic challenges and incentives within health care’s organizational models that might influence patient preference. How would value (both in quality and impact of care) differ where you have increase in access and decrease in reimbursement rates set by most insurance companies?
Explanation & Answer
Attached.
Running head: ECONOMIC IN HEALTHCARE
Economics in healthcare
Institution Affiliation
Date
1
ECONOMICS IN HEALTH CARE
2
The applications of economics in health care is extensive and is essential especially for
the administration of the health centers and organizations when it comes to analyzing some of
the key economic issues. This applies for instance in determining some of the theories of
economics that relate to how health services are provided. One of the theories of economics that
relate to how health services are provided is the Input View. It stresses on the perspective of the
consumer on the importance of healthcare products. According to this theory, the health care
products are secondary and are supposed to be only considered as supplemental in the process of
achieving health care goals.
The theory considers wh...
