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Apr 29, 2024
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MHCM 5700 - Healthcare Economics
Credit Hours: 3
This course covers micro-economic theory focusing on patient demand for services and supply of services based on the complex regulatory environment in healthcare organizations. Course participants will learn to analyze health policies, as well as, the behaviors of patients, insurers, and physicians in varying healthcareorganizations. Issues will be explored such as fee structuring; controversial policy issues, such as, access to care and/or the medically under-insured or uninsured; the demand and mandate of health insurance; and the increased presence of governmental control that impacts healthcare economics. The interrelationships of value, quality, and price are analyzed. The importance of transparency of quality and its effect on value is articulated. Compensation and payer models are compared including the role of employer benefits, private health insurance plans, Medicare and Medicaid, and various mechanisms used to cover the costs of prescription drugs. Current issues, such as pay for performance, costsaving through prevention, cost shifting, and healthcare for the aging, are discussed.
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