This course focuses on the application of economic
concepts to management problems and policy issues in the health
sector. Risk and uncertainty, costs, demand, and efficiency
in healthcare provision are studied. Incentive problems are
examined as the basic principles of microeconomics and industrial
organization are applied to the healthcare industry. Topics
of the health economy as an ongoing effort to help solve the
difficult problem of shopping for medical services.
the value of good health, and evaluate methods for determining
how scarce healthcare resources should be allocated.
state-of-the-art techniques from the field of pharmacoeconomics
to demonstrate the cost effectiveness of new medical interventions.
for medical care and the role of healthcare providers in shaping
demand and the problem of medical practice variations.
used by managed care to eliminate inefficient demand and the
performance of MCOs (Managed Care Organizations).
the economics of strategy to evaluate provider responses to
MCOs, including reengineering, reorganization, mergers and
of price and nonprice competition in the health economy, including
and implement methods for constructing provider and MCO report
cards, which provide quantitative rankings based on quality.
insurance industry, including incentives facing insurers,
strategies to successfully compete and the welfare implications
of those strategies.
of medical technology, including incentives to develop and
adopt new technology.