Week 3 – Assignment: Investigate the Supply of Healthcare Services The Health Economics and Statistics team on which you serve

Week 3 – Assignment: Investigate the Supply of Healthcare Services

The Health Economics and Statistics team on which you serve as the Health Economics intern, is now ready to develop the relationship between the demand profile of the new enrollees and the services to be offered. You are asked to prepare an example of the relationship between enrollees and services for future use. Complete the following steps to prepare your hypothetical profile:

1. Provide a general introduction to the topic explaining the supply of health care.

2. Use the supply equation and a graph to illustrate and explain how each of the inputs to supply can affect seeking care.  You do not need data to create this effect.  You need to understand the concept and derive the curves based on a hypothetical situation, using examples from the syllabus and your resources.

3. Show how individual supply curves can be used to derive a market supply curve.

4. Describe price elasticity of supply and using a graph demonstrate which services are likely to be more price elastic than others.

5. Calculate the change in quantity supplied for clinic visits, exercise # 6 in Hicks (p. 108).  Show your calculations and explain the impact of the change.

6. How could information asymmetry affect the supply of services offered at the clinic and suggest a strategy for correcting information asymmetry?

Provide a conclusion summarizing your presentation.

Length: 6-8 pages, excluding the title and reference pages. By completing this assignment, you will be developing your competency in Analytical Thinking and Financial Skills.

References: In addition to the required course resources, include one resource about supply from Becker’s Hospital Review, at least one credible resource (i.e., textbook or professional organization), and one scholarly peer-reviewed reference. 

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

 Cases J.J is a nurse

 Cases J.J is a nurse practitioner who works in a primary care facility. He believes that one of the most important aspects of his work is to foster a therapeutic relationship with his clients. He is using effective communication techniques. Many of his clients have altered sensory perception such as

Topic Introducing the DAAS21 to private mental health practice to assess patients for stress anxiety and depression Outcome is    Improved Assessment

Topic Introducing the DAAS21 to private mental health practice to assess patients for stress anxiety and depression Outcome is    Improved Assessment Accuracy: Daas 21 utilizes AI algorithms to analyze text responses, potentially providing more standardized and objective assessments of stress, anxiety, and depression levels compared to traditional methods. Efficiency

Planning Guide Medical/Health Center PART 2: CURRICULUM COMPONENTS

Planning Guide Medical/Health Center PART 2: CURRICULUM COMPONENTS Setting: Medical/Health Center Identifying Curriculum Components For your Part 2: Curriculum Components Module Assignment, you will select the overarching philosophies, theories, and frameworks that will shape your nursing staff educational program. When creating these curriculum components, consider the following: · What is

Complete a MindMap Template on the following topic. Parkinson’s Concept Map Template Primary Diagnosis:

Complete a MindMap Template on the following topic. Parkinson’s Concept Map Template Primary Diagnosis: ___________________________________________________________ 1. Describe the pathophysiology of the primary diagnosis in your own words. What are the patient’s risk factors for this diagnosis? Pathophysiology of Primary Diagnosis Causes Risk Factors (genetic/ethnic/physical) 2. What are the patient’s signs

Use the following topic provided to complete your MindMap Template. Pancreatitis Concept Map Template Primary Diagnosis:

Use the following topic provided to complete your MindMap Template. Pancreatitis Concept Map Template Primary Diagnosis: ___________________________________________________________ 1. Describe the pathophysiology of the primary diagnosis in your own words. What are the patient’s risk factors for this diagnosis? Pathophysiology of Primary Diagnosis Causes Risk Factors (genetic/ethnic/physical) 2. What are the