Examine how economics and public policy apply to the health care sector.
National and state health policies have important economic implications for health care organizations. Economic theory and principles serve as tools to measure the effectiveness of health policy. Through HAD 506 Health Care Economics and Policy, you’ll be able to use economic analysis to estimate the anticipated outcome of many managerial decisions.
In this course, you’ll acquire the knowledge, skills, and values to help you respond effectively to economics trends and health care policies as a health care manager. The course focuses on linking economic theory to interpretations of health policy issues. You’ll examine the role of economics in forming health policy and in the management of health care organizations. You’ll also learn to apply certain micro-economic tools to improve decision making regarding the financing and delivery of health care services.
A key component of health policy includes the development of professional health care manpower — physicians, nurses and other health care professionals who are essential to providing health services to a population. You’ll consider economic issues surrounding a workforce, as well as the interrelationship of prices, costs, and profits and how they’re calculated.
You’ll research and analyze a major federal, state, or health care institution health policy issue and present your findings in both, a detailed paper and a PowerPoint presentation.
As you draw a distinction between for-profit and non-profit organizations, you’ll analyze the structure of competitive markets. Health insurance affects the operation of certain organizations and the functioning of certain markets. You’ll be able to more effectively gauge the importance of risk assessment in health insurance programs.
An ongoing priority for a health care organization is the effort to reduce services per patients and cost per service. Those topics will be considered as you examine how behavioral economics can be used to improve decision making. You’ll examine some of the issues in the liability insurance marketplace as well as the concept of self-insurance. You’ll also evaluate the role of leadership in the formation of health care policy.
Throughout each week of the course, you will focus on a core topic or theme. Sample topics are listed below and are subject to change based on the instructor.
- Economic Analysis
- The Policy Making Process
- Prices, Costs, and Profits
- Corporations, Markets and Insurance Risk Assessment
- The Triple Aim and Behavioral Economics
- Professional Liability Insurance and Leadership in Health Policy Development
What You'll Learn
In HAD 506, you’ll see how theoretical foundations of economics and public policy are applied to the health care sector.
- Understand the fundamental principles, generalizations and theories of health care economics and health care policy.
- Be able to apply economics and policy to improve rational thinking, problem solving and decision making for health care issues.
- Develop skills, competencies and viewpoints needed by health services administrators.
- Know how and why health care policy is formulated, implemented, and modified (based on outcomes).
- Relate the relevance of economics to public policy.
- Understand the methodology and evaluation of various health programs and policies through the use of cost effectiveness and cost benefit analysis.
- Identify how to participate in the policy-making process.
Through HAD 506, you’ll be able to link economic theory to interpretations of health policy issues. For more information about this course or other courses in The University of Scranton’s online Master of Health Administration degree, request more information or call us today toll-free at (866) 373-9547.
The content presented on this page is representative information for example purposes and is subject to change as course and student needs change over time.