This course focuses on the application of macroeconomic and microeconomic tools to the health care industry. Content includes demand management; concepts of efficiency, production, and distribution of health care services; impact of regulation and reimbursement; and economic incentives in health care. Students apply principles to a variety of business models.
Describe the effects of supply resources on consumer demand.
Detail the concepts of production and distribution to the business of health care.
Identify the key implications of supplier-induced demand in health care.
Examine the use of economic tools to forecast supply and labor needs.
Compare the utilization of supply to various population bases and socioeconomic factors.
Evaluate consumerism as a critical value in current health care delivery.
Health Care Delivery Systems
Describe current health care delivery structures.
Profile the influence of licensing and regulatory factors on health care delivery requirements.
Compare government and private delivery systems.
Health Care Markets, Economic Incentives, and Competition
Analyze organizational interventions to minimize the impact of scarce resources and maintain market competitiveness.
Analyze benefits of economic incentives and competition in the health care market.
Examine the effects of competitive and regulated pricing funding sources.
Macroeconomics and Microeconomics in Health Care
Discuss the utilization of microeconomic indicators within health care delivery systems.
Examine the macroeconomic relationship to health care resources.
Global Implications and the Future of Health Care
Examine the effects of global market initiatives on the US health care delivery systems.
Compare and contrast the differences in expenditures for health care with middle- and high-income countries.
Overview of Health Care Economics
Describe key economic terms and their health care application.
Identify the effect of economics in the current health care environment.
Differentiate between the balance of funding and economic resources.
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Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.