BUS4122 Unit 2 Discussion (dq1+dq2) Latest 2020 November

BUS4122 Health Care Economics

Unit 2 Discussion

DQ1 Relevance of Economics in Health Care

Introduction

Economics involves the study of scarcity, and of how people use resources, respond to incentives, and make decisions. Economics can also be used to help understand historical trends, interpret today’s headlines, and make predictions about the coming years.

Instructions

For your main post:

Discuss how an understanding of economics is beneficial to health care management professionals.

Provide at least two examples of how economics is used in the health care field.

Include references in current APA style and format for all your sources.

Response Guidelines

Read and respond to the main posts of at least two peers as early in the week as possible to ensure the development of quality conversation and depth of learning.

In your responses, address the following:

Explain and justify whether or not you agree with their thoughts on the benefits of economics.

Discuss what you found interesting or helpful related to the examples they provided.

Learning Components

This activity will help you achieve the following learning components:

Identify ways in which economics is used in the health care field.

Discuss the relevance of economics to the health care management professional.

DQ2 Economic Evaluation in Health Care

Introduction

A spending crisis within the health care field requires health care managers to continually search for ways to shift spending from services of minimal economic value to those with high cost-effectiveness or net savings. Prioritizing services that produce the greatest health benefits for the dollars spent is at the heart of economic evaluation.

Instructions

For your main post:

Discuss the importance of economic evaluation and the various types of economic evaluation.

Considering the cost-savings potential of preventive care, use economic evaluation to take a stance for or against the value of preventative care.

Include references in current APA style and format for all your sources.

Response Guidelines

Read and respond to the main posts of at least two peers as early in the week as possible to ensure the development of quality conversation and depth of learning.

In your responses, address the following:

Explain and justify whether you agree with their thoughts on whether or not it is possible to have a low-cost, high quality, wide access health care system.

Take an opposing view of one of your peer’s positions on the value of preventative care. Use economic evaluation principles to defend your view.

Learning Components

This activity will help you achieve the following learning components:

Describe types of economic evaluation.

Use economic evaluation principles to justify a position for or against the value of preventative care.

Discuss the role of economic evaluation in health care management.