Economics for Healthcare Managers, Fifth Edition: A Guide to Making Informed Decisions

Author: Robert H. Lee, PhD Edition: Fifth

Overview:

This book bridges the gap between economic theory and its practical application in healthcare management. It equips healthcare managers, even those with no prior economics background, with the knowledge and tools to navigate today's complex healthcare landscape. Through clear explanations, real-life examples, and the latest research, the book empowers readers to make informed decisions on critical issues like market dynamics, financial performance, risk management, and regulatory frameworks.

Key Themes:

• Applying economic principles to healthcare management challenges
• Understanding market forces and their impact on healthcare delivery
• Analyzing financial performance and making cost-effective decisions
• Managing risk and uncertainty in the healthcare environment
• Navigating the evolving regulatory landscape in healthcare

Features:

• Straightforward explanations: Complex economic concepts are broken down into understandable language.
• Real-life examples: Case studies illustrate how economic principles apply to real-world healthcare scenarios.
• Latest research and data: The book incorporates the most recent findings and statistics to ensure its relevance.
• Emphasis on the Affordable Care Act: A dedicated section explores the act's impact on healthcare management.
• 37 case studies: Practical examples reinforce key concepts and strategies.

Target Audience:

• Healthcare managers at all levels, from administrators to department heads.
• Individuals with no prior economics background seeking to understand its application in healthcare.
• Healthcare professionals interested in gaining economic insights for better decision-making.

Chapter Headlines: (Examples only, may vary in the actual book)

• Part I: Foundations of Healthcare Economics
  • Chapter 1: Introduction to Healthcare Economics
  • Chapter 2: Demand for Healthcare Services
  • Chapter 3: Supply of Healthcare Services
• Part II: Market Forces and Competition
  • Chapter 4: Market Structures in Healthcare
  • Chapter 5: Pricing and Reimbursement in Healthcare
  • Chapter 6: Competition and Innovation in Healthcare
• Part III: Financial Analysis and Decision-Making
  • Chapter 7: Cost Analysis in Healthcare
  • Chapter 8: Capital Budgeting and Investment Decisions
  • Chapter 9: Financial Performance Measurement and Evaluation

Closing Paragraph:

"Economics for Healthcare Managers, Fifth Edition" equips healthcare managers with the knowledge and tools needed to navigate the complexities of the healthcare system and make sound decisions that ensure the financial viability and quality of care delivery. By understanding and applying economic principles, healthcare managers can contribute to a more efficient, effective, and sustainable healthcare system.