Question

In: Economics

Provide a description of the production function for an acute care hospital in the United States....

Provide a description of the production function for an acute care hospital in the United States. What are 2-3 of the hospital’s outputs? What inputs does it use to produce these outputs? Are there any special features of the way production takes place in the hospital?

Solutions

Expert Solution

For an acute care hospital the production function can be formulated as

Y=F(X1, X2, X3)

Where inputs are

X1= Bed to Patient ratio

X2= Physical availability of physicians

X3= Average cost of treatment

Output Y= Productivity.

The output at acute care hospital can be productivity, Brand recognition, success ratio.

Special features of production including usage of latest technology, doctor availability 24×7, low cost medicliam processing, etc.

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

Provide a brief description of the history of health insurance in the United States.
Provide a brief description of the history of health insurance in the United States.
Provide an overview—and discuss the function—of 1 publicly financed health care program in the United States....
Provide an overview—and discuss the function—of 1 publicly financed health care program in the United States. How has that program evolved and influenced the entire U.S. health care system? What are some of the accomplishments and challenges for that program? What does that program do to focus on health prevention and performance?
In the United States we have markets for hospital care, skilled nursing care,home care, and nursing...
In the United States we have markets for hospital care, skilled nursing care,home care, and nursing home (long term care) that are interdependent with regard to both demand and supply. In your initial post, address the following: How does this compare to other nations? What services are and are not covered in other nations? What changes could be implemented within the current system to improve efficiencies and distribution in both markets?
Provide a brief description of the production function of the following firms. What is the firm’s...
Provide a brief description of the production function of the following firms. What is the firm’s output? What input does it use? Can you think of any special features of the way production takes place in the firm? (a) A wheat farm in Prairies (b) Hudson’s Bay (c) A local arc-welding firm (d) Sam’s Hot Dog stand (e) Calgary Opera (f) Dr. Physician private practice
The administrator of a small acute care hospital is faced with a first Managed Care contract...
The administrator of a small acute care hospital is faced with a first Managed Care contract he meets with the representative from the Prepaid Plan to discuss the amount to be paid to the hospital the administrators. Is concerned because the Managed Care business does not look profitable the hospital will be reimbursed below it's current reimbursement level. in what way might the administrator evaluate the new management care business in terms of economic value to hid tohid his the...
You are the house supervisor in an acute care hospital. Most of the of the units...
You are the house supervisor in an acute care hospital. Most of the of the units are full. The ED request 2 admissions to the step-down unit. The floor with appropriate and empty beds has only 4 RNs on duty for this 30-bed unit with a census of 20 patients. The charge nurse (one of the 4 nurses present) tells you that they can’t safely admit any more patients. You currently have no more float pool staff and upper administration...
You are the house supervisor in an acute care hospital. Most of the of the units...
You are the house supervisor in an acute care hospital. Most of the of the units are full. The ED request 2 admissions to the step-down unit. The floor with appropriate and empty beds has only 4 RNs on duty for this 30-bed unit with a census of 20 patients. The charge nurse (one of the 4 nurses present) tells you that they can’t safely admit any more patients. You currently have no more float pool staff and upper administration...
Established in 1987, ABC Community Hospital not-for-profit is an acute care hospital located in an east...
Established in 1987, ABC Community Hospital not-for-profit is an acute care hospital located in an east coast Metropolitan area. With a staff of nearly 200 physicians and specialists, 800 employees and 100 volunteers, they offer a full range of healthcare services. They are accredited by the Joint Commission on Accreditation of Healthcare Organizations. The hospital has been profitable for the last 5 years with a profit margin of 3-4%. The mission of ABC Community Hospital is to provide accessible and...
Provide an overview of how health care in the United States has evolved since the postindustrial...
Provide an overview of how health care in the United States has evolved since the postindustrial period. How has the evolution of medical technology, graduate medical education, and the professionalization of medical and nursing staff affected the delivery of care? Why has the United States been unsuccessful in evolving the current health care system into a national health care system? PLEASE USE EXAMPLES
Provide an overview of how health care in the United States has evolved since the postindustrial...
Provide an overview of how health care in the United States has evolved since the postindustrial period. How has the evolution of medical technology, graduate medical education, and the professionalization of medical and nursing staff affected the delivery of care? Why has the United States been unsuccessful in evolving the current health care system into a national health care system? PLEASE USE EXAMPLES
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT