Question

Paperwork Reduction Act

I. Economic Theories and Principles:

A. Economic Disparities:

Analyze the relationship between the financial well-being of the industry and availability of healthcare, in consideration of market and demand theories.

B. Economic Theories:

What economic theories are most useful when applied to the healthcare industry and why?

C. Use of Economic Principles:

Why do organizations utilize economic principles to guide strategic short-term and long-term decision making?

II. For-Profit and Nonprofit:

A. Financial Differentiation:

What differentiates for-profit and nonprofit healthcare organizations financially?

What characteristics of each type of healthcare organization make the organizations different?

B. Economic Differentiation: What differentiates for-profit and nonprofit healthcare in terms of economic policies and legislation?

What key recent and current economic policies impact each?

III. Policy, Changes, and Disparities:

A. Economic Policy and Disparities in Care:

Using current research and information (within the last five years), analyze the relationship between economic policy and disparities in care. How are they connected? How do they differ?

B. Policy Changes:

What impact do recent legislative changes have on healthcare economic policy in general?

C. Disparities Planning: Why are disparities of care factored into healthcare strategic planning?

Answer 1

1)Lets define the economic principles in detail. Essentially, economics and the economic principle are about satisfying unlimited consumer wants with limited resources.Another version of defination of the economic principle is the study of the choices consumers make and the factors and behabiours affecting those choices.Since the 1930s, four macroeconomic theories have been proposed: Keynesian economics,monetarism, the new classical economics and supply-side economics. All these theories are based, in varying degrees,on the classical economics that preceded the advent of Keynesian economics in the 1930s.There are Five basic principles of economics that explain the way our world handles money and decides which investments are worthwhile and while ones arent: opportunity cost,marginal principle,law of diminishinh returns,principle of voluntary returns and real/nominal principle.

2)Economic disparities usually refers to a difference that is unfair:economic disparities exist among ethnic groups, there is a disparity between what men and women earn in the same job. This noun derives from latin dispar"unequal".The opposite of dispatity is parity, the condition of being equal or the same.

3) Economics apply to healthcare industry to provide information to decision makers for efficient use of available use resources for maximizing health benefits. Economic evaluation is one part of health economics,and its a tool for comparing costs and consequences of different interventions. There are some principles of health economics including: the notions of scarity,supply and demand, distinctions between need and demand,opportunity cost,time horizons,margins,efficiency and equity.