Economic Realizations in Health Care

Economic Realizations in Health Care
Provide your thoughts on the following:
1. In your opinion, think of several types of social or policy changes that you think would impact your
community and increase the demand for healthcare services. Explain why you surmise these changes would
increase demand, and why for your particular community.
2. Now applying your readings…
Supply, demand, and forecasting the needs of patients to meet the demand, and pricing these needs, can
become a dynamic concept. As managers, we are constantly looking at costs, estimating what products or
services our patients demand, and make decisions on how we can meet those demands while continuing to
make a profit. Through the readings and further research from the Excelsior library, narratively integrate the
following questions into your post (No Q & A, please). Include options for different facilities.
•
o Why are elasticities useful for managers?
o Why would the presence of seasonal effects be important?
o If retail clinics and urgent care centers continue to expand, how will they affect the market equilibrium? Your
health care organization?
o How would you plan to meet the supply and demand of your community?
o Based on your answer above, identify two forecasting tools you may use effectively within your organization
Reference
Lee, R. (2020). Economics for healthcare managers (4th Ed.).