Indicate whether each statement is true or false, and justify your answer.There is no such thing as “too much competition” in the private hospital market.
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Indicate whether each statement is true or false, and justify your answer.
There is no such thing as “too much competition” in the private hospital market.
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- What effects would joining a MCO have on your clinic regarding staffing, patient volume, and financial stability?What policies and procedures should be used by the MCOs to reduce costs for their clientele?There have been shifts in policy regarding the regulation of managed care organizations intended to protect the consumer from rationed care. Are current regulations working or are they adding to already too much regulation and associated cost of providing healthcare in the U.S.?True or False. There is no such thing as “too much competition” in the private hospital market. Be sure to justify your answer.
- Which method(s) of payment to physicians will most likely result in higher total charges due to volume of services provided? Capitation. Salary. Fee-for-service (FFS). RBRVs. Methods based on patient outcomes.Demand studies in health care have provided estimates of both income and price elasticity. Estimates of income elasticity are usually above +1.0. Estimates of price elasticity typically range between -0.1 and -.75 (with hospital services at the lower end and elective services at the upper end). What information do these estimates convey? What does the price elasticity of demand estimates imply for government policymakers, insurance companies, and medical providers' decisions? What does the income elasticity of demand estimates imply for government policymakers, insurance companies, and medical providers' decisions?What factors cause Physician Induced Demand, and how do you diagnose it?
- Indicate whether the statement is true or false, and justify your answer.Physicians have no say in what prices to charge their patients.What is the significance when it comes to cream skimming to show it's efficient function of a medical market?One of the significant problems in medical care markets may be the information problem. Asymmetric information has led to two important defects in the medical marketplace. What are they? How do these defects affect medical markets?
- explain what implications physician-induced demand has for healthcare policyIn some countries, such as Canada and UK, direct-to-consumer (DTC) advertising for pharmaceutical products is illegal or tightly controlled. Which of the following is NOT a reason why DTC is tightly controlled? DTC have the potential to drive up spending on drugs and exacerbate moral hazard. DTC makes patients aware of new remedies. DTC can put a strain on doctor-patient relationship when patients demand some drugs that are not necessary or not the best options. Asymmetric information: consumers are not in a good position to determine if a drug is what they need.What challengers are hospital managers likely to encounter while making efficient use of health resources