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Economics for Healthcare Managers 5th Revised edition [Hardback]

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  • Formāts: Hardback, 374 pages, height x width: 254x178 mm, weight: 384 g
  • Izdošanas datums: 09-Mar-2023
  • Izdevniecība: Health Administration Press
  • ISBN-10: 1640553711
  • ISBN-13: 9781640553712
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Economics for Healthcare Managers 5th Revised editionPalielināt
  • Formāts: Hardback, 374 pages, height x width: 254x178 mm, weight: 384 g
  • Izdošanas datums: 09-Mar-2023
  • Izdevniecība: Health Administration Press
  • ISBN-10: 1640553711
  • ISBN-13: 9781640553712
Citas grāmatas par šo tēmu:
Permanent link: https://www.kriso.lv/db/9781640553712.html
Keywords:

Economics for Healthcare Managers provides the practical guide that healthcare managers need to simplify and strengthen the decision-making process for everyday issues. Written for those with little or no background in economics, the book is designed to engage readers in today’s policy and management challenges. The author references classic studies while also drawing on current research and emphasizing contemporary analyses.

 

This extensively revised edition presents the latest information on topics such as:

 

Overviews of the US healthcare system and healthcare financing systemRisk evaluation and managementCosts and PricingPopulation healthForecastingSupply and demand analysisEconomic analysis of clinical and managerial interventionsProfits, market structure, and market powerGovernment intervention in healthcare marketsBehavioral economics

 

The book’s 37 case studies offer real-world examples of the concepts and strategies provided throughout the book.

List of Cases
xv
Preface xvii
Chapter 1 Why Health Economics?
1(16)
1.1 Why Health Economics?
1(1)
1.2 Economics as a Map for Decision-Making
2(1)
1.3 Special Challenges for Healthcare Managers
3(3)
1.3.1 Risk and Uncertainty
4(1)
1.3.2 Insurance
4(1)
1.3.3 Asymmetric Information
5(1)
1.3.4 Not-for-Profit Organizations
5(1)
1.3.5 Technological and Institutional Change
6(1)
1.4 Flux in the Healthcare System
6(3)
1.4.1 The Pressure to Reduce Costs
7(1)
1.4.2 The Fragmentation of Healthcare Payments
8(1)
1.5 What Does Economics Study?
9(4)
1.6 Conclusion
13(4)
Exercises
13(1)
References
14(3)
Chapter 2 An Overview of the US Healthcare System
17(22)
2.1 Input and Output Views of Healthcare
17(3)
2.1.1 The Input View
18(2)
2.1.2 The Output View
20(1)
2.2 Health Outcomes
20(2)
2.3 Outputs of the Healthcare System
22(3)
2.3.1 Why Is How Much We Spend on Healthcare Interesting?
22(1)
2.3.2 Why Is Healthcare Spending Rising More Slowly than Anticipated?
22(3)
2.4 The Shifting Pattern of Healthcare Spending
25(2)
2.5 Disruptive Change in the Healthcare System
27(6)
2.5.1 Rapid Technological Change
27(2)
2.5.2 The Shrinking Share of Direct Consumer Payments
29(1)
2.5.3 Inadequacies of the Nation's Public Health Infrastructure
29(1)
2.5.4 The Nation's Poor Infant and Maternal Health Outcomes
29(1)
2.5.5 Significant Health Disparities Linked to Income and Ethnicity
30(1)
2.5.6 The Gradual Increase in the Share of Insured Americans
30(1)
2.5.7 The Transformation of the Health Insurance Industry
30(3)
2.6 Conclusion
33(6)
Exercises
33(2)
References
35(4)
Chapter 3 An Overview of the Healthcare Financing System
39(18)
3.1 Introduction
39(3)
3.1.1 Paying for Medical Care
39(1)
3.1.2 Direct Spending
40(1)
3.1.3 Sources of Insurance
41(1)
3.1.4 The Uninsured
41(1)
3.2 What Is Insurance, and Why Is It So Prevalent?
42(4)
3.2.1 What Insurance Does
42(1)
3.2.2 Adverse Selection and Moral Hazard
42(2)
3.2.3 Medicare as an Example of Complexity
44(2)
3.3 The Changing Nature of Health Insurance
46(4)
3.4 Payment Systems
50(2)
3.5 Conclusion
52(5)
Exercises
53(1)
References
54(3)
Chapter 4 Describing, Evaluating, and Managing Risk
57(20)
4.1 Introduction
57(1)
4.2 Risk and Uncertainty
58(1)
4.3 Dealing with Uncertainty
58(1)
4.4 Describing Potential Outcomes
59(2)
4.5 Evaluating Outcomes
61(6)
4.5.1 Expected Values
62(2)
4.5.2 Outcome Variation
64(1)
4.5.3 Risk Preferences
65(1)
4.5.4 Decision Analysis
66(1)
4.5.5 Sensitivity Analysis
67(1)
4.5.6 Scenario Analysis
67(1)
4.6 Managing Risk
67(4)
4.6.1 Contingency Planning
68(1)
4.6.2 Insurance
68(1)
4.6.3 Risk Sharing
68(1)
4.6.4 Diversification
69(2)
4.7 Conclusion
71(6)
Exercises
71(4)
References
75(2)
Chapter 5 Understanding Costs
77(16)
5.1 Understanding Costs
77(1)
5.2 Cost Perspectives
78(3)
5.3 Vocabulary
81(2)
5.4 Factors That Influence Costs
83(3)
5.4.1 Outputs
83(2)
5.4.2 Input Costs
85(1)
5.4.3 Technology
85(1)
5.4.4 Efficiency
85(1)
5.5 Variable and Fixed Costs
86(1)
5.6 Conclusion
87(6)
Exercises
88(2)
References
90(3)
Chapter 6 Improving Population Health
93(24)
6.1 Introduction
93(2)
6.2 Insurance Expansion
95(1)
6.2.1 Standardization of Dependent Care Coverage
95(1)
6.2.2 ACA Marketplaces
95(1)
6.2.3 Medicaid Expansion
96(1)
6.3 Addition of New Insurance Benefits
96(1)
6.3.1 The Oregon Experiments
96(1)
6.3.2 Medicare Enhancements
97(1)
6.3.3 Private Insurance Enhancements
97(1)
6.4 Alternative Payment Systems
97(5)
6.4.1 Accountable Care Organizations
97(1)
6.4.2 Bundled Payments
98(1)
6.4.3 Reference Pricing and Centers of Excellence
98(1)
6.4.4 Second Opinion Programs
99(1)
6.4.5 Value-Based Pricing
99(3)
6.5 New Organizational Structures
102(2)
6.5.1 Patient-Centered Medical Homes
102(1)
6.5.2 Health Centers
103(1)
6.6 Focus on Population Health
104(1)
6.7 Improving Population Health
105(3)
6.7.1 Social Determinants of Health
105(1)
6.7.2 What Are Modifiable Social Determinants of Health?
106(2)
6.8 Conclusion
108(9)
Exercises
110(1)
References
111(6)
Chapter 7 The Demand for Healthcare Products
117(18)
7.1 Introduction
117(2)
7.1.1 Rationing
118(1)
7.1.2 Indirect Payments and Insurance
118(1)
7.2 Why Demand for Healthcare Is Complex
119(1)
7.3 Demand Without Insurance and Healthcare Professionals
120(3)
7.3.1 Changes in Price
120(2)
7.3.2 Factors Other than Price
122(1)
7.4 Demand with Insurance
123(3)
7.5 Demand with Advice from Providers
126(3)
7.6 Conclusion
129(6)
Exercises
129(3)
References
132(3)
Chapter 8 Elasticities
135(12)
8.1 Introduction
135(1)
8.2 Elasticities
136(1)
8.3 Income Elasticities
137(1)
8.4 Price Elasticities of Demand
137(3)
8.5 Other Elasticities
140(1)
8.6 Using Elasticities
140(2)
8.7 Conclusion
142(5)
Exercises
143(2)
References
145(2)
Chapter 9 Forecasting
147(18)
9.1 Introduction
147(1)
9.2 What Is a Sales Forecast?
148(3)
9.3 Forecasting
151(5)
9.4 What Matters?
156(2)
9.5 Conclusion
158(7)
Exercises
159(3)
References
162(3)
Chapter 10 Supply and Demand Analysis
165(18)
10.1 Introduction
165(3)
10.1.1 Supply Curves
166(1)
10.1.2 Demand Curves
167(1)
10.1.3 Equilibrium
167(1)
10.1.4 Professional Advice and Imperfect Competition
168(1)
10.2 Demand and Supply Shifts
168(4)
10.2.1 A Shift in Demand
170(1)
10.2.2 A Shift in Supply
171(1)
10.3 Shortage and Surplus
172(3)
10.4 Analyses of Multiple Markets
175(1)
10.5 Conclusion
175(8)
Exercises
176(6)
References
182(1)
Chapter 11 Maximizing Profits
183(16)
11.1 Introduction
183(1)
11.2 Cutting Costs to Increase Profits
184(3)
11.2.1 Cost Reduction Through Improved Clinical Management
185(2)
11.2.2 Reengineering
187(1)
11.3 Maximizing Profits
187(2)
11.4 Return on Investment
189(1)
11.5 Producing to Stock or to Order
190(1)
11.6 Not-for-Profit Organizations
191(3)
11.6.1 Agency Problems
191(1)
11.6.2 Differences in Goals
191(1)
11.6.3 Differences in Costs
192(2)
11.7 Conclusion
194(5)
Exercises
194(3)
References
197(2)
Chapter 12 Pricing
199(14)
12.1 Introduction
199(1)
12.2 The Economic Model of Pricing
200(1)
12.3 Pricing and Profits
201(2)
12.4 Price Discrimination
203(3)
12.5 Multipart Pricing
206(1)
12.6 Pricing and Managed Care
206(2)
12.7 Conclusion
208(5)
Exercises
208(4)
References
212(1)
Chapter 13 Asymmetric Information and Incentives
213(20)
13.1 Asymmetric Information
213(1)
13.2 Opportunism
214(2)
13.2.1 Remedies for Asymmetric Information
215(1)
13.2.2 The Special Challenges for Healthcare
215(1)
13.2.3 Signaling
216(1)
13.3 Incentive Design for Providers
216(5)
13.4 Insurance and Incentives
221(1)
13.5 Limits on Incentive-Based Payments
222(1)
13.5.1 Risk
222(1)
13.5.2 Complexity
222(1)
13.5.3 Opportunism
223(1)
13.5.4 Team Production
223(1)
13.6 Incentive Design for Managers
223(4)
13.7 Conclusion
227(6)
Exercises
227(3)
References
230(3)
Chapter 14 Economic Analysis of Clinical and Managerial Interventions
233(18)
14.1 Introduction
233(2)
14.2 Cost Analysis
235(2)
14.2.1 Identifying a Cost Perspective
235(1)
14.2.2 Identifying Resources and Opportunity Costs
236(1)
14.2.3 Direct and Indirect Costs
236(1)
14.3 Types of Analysis
237(1)
14.4 Cost-Minimization Analysis
238(1)
14.5 Cost-Effectiveness Analysis
239(1)
14.6 Cost-Benefit Analysis
240(3)
14.7 Cost-Utility Analysis
243(3)
14.8 Conclusion
246(5)
Exercises
247(2)
References
249(2)
Chapter 15 Profits, Market Structure, and Market Power
251(20)
15.1 Introduction
251(2)
15.2 Rivalry Among Existing Firms
253(1)
15.3 Defining Market Structures
254(1)
15.4 Customers' Bargaining Power
255(1)
15.5 The Bargaining Power of Suppliers
256(1)
15.6 Entry by Potential Rivals
257(2)
15.7 Market Structure and Markups
259(2)
15.7.1 Markups
259(1)
15.7.2 The Impact of Market Structure on Prices
260(1)
15.8 Market Power and Profits
261(6)
15.8.1 Collusion
261(2)
15.8.2 Product Differentiation and Advertising
263(4)
15.9 Conclusion
267(4)
Exercises
267(2)
References
269(2)
Chapter 16 Government Intervention in Healthcare Markets
271(20)
16.1 Government Intervention in Healthcare
272(3)
16.1.1 On the Virtues of Markets
272(1)
16.1.2 Information Processing
272(2)
16.1.3 Static Resource Allocation
274(1)
16.1.4 Dynamic Resource Allocation
275(1)
16.2 Market Failure
275(8)
16.2.1 Externalities
276(2)
16.2.2 Public Goods
278(3)
16.2.3 Imperfect Competition
281(1)
16.2.4 Imperfect Information and Incomplete Markets
281(2)
16.2.5 Natural Monopoly
283(1)
16.2.6 Income Redistribution
283(1)
16.3 Remedies
283(3)
16.3.1 Assignment of Property Rights
284(1)
16.3.2 Taxes and Subsidies
285(1)
16.3.3 Public Provision
285(1)
16.3.4 Regulation
286(1)
16.4 Conclusion
286(5)
Exercises
287(2)
References
289(2)
Chapter 17 Regulation
291(16)
17.1 Introduction
291(1)
17.2 Market Imperfections
292(2)
17.2.1 Insurance
293(1)
17.2.2 Market Power
293(1)
17.2.3 Externalities
293(1)
17.3 Rational Consumer Ignorance
294(1)
17.4 The Interest Group Model of Regulation
295(2)
17.4.1 Limiting Competition
296(1)
17.4.2 Licensure
296(1)
17.4.3 Regulation as a Competitive Strategy
296(1)
17.5 Regulatory Imperfections
297(2)
17.5 Market Responses to Market Imperfections
299(3)
17.5.1 Tort Law and Contract Law
299(1)
17.5.2 Information Dissemination
300(1)
17.5.3 Contracts
301(1)
17.6 Conclusion
302(5)
Exercises
303(2)
References
305(2)
Chapter 18 Behavioral Economics
307(16)
18.1 Introduction
307(1)
18.2 Inconsistent Preferences
308(2)
18.3 Risk Preferences
310(1)
18.4 Incorrect Beliefs
311(2)
18.5 Representativeness and the Law of Small Numbers
313(1)
18.6 Inconsistent Decision-Making: Framing
314(3)
18.7 Conclusion
317(6)
Exercises
318(1)
Note
319(1)
References
319(4)
Glossary 323(10)
Index 333(22)
About the Author 355