Reference no: EM131341545
Public health interventions must be economically feasible. If monetary impact(s) are not taken into account, even a well-supported intervention with promising health outcomes could be rejected.
When approaching issues related to monetary impact, it is important to note that economics does not work in public health the way that it does in business. This is because businesses are regulated by the nature of supply and demand. Typically, the more demand there is for a product, the higher the price. If there is less demand, either the price will likely reduce or the product will be taken off the market. In public health, this is not the case. The cost of an intervention may or may not increase due to a higher demand. Likewise, the production or implementation of interventions may not decrease due to low profit margins. For example, even though pharmaceutical companies made little to no money producing influenza vaccines, regulatory and governmental bodies can mandate that these companies continue production for the common good of the general public.
In this Discussion, you conduct a cost-effectiveness analysis to determine the feasibility of interventions, which you identified in your "Conducting Research" assignment for your Scholar Practitioner Project. As you approach this Discussion, it is critical to remember that public health economics is not about making a profit. Rather, it is about the allocation of budgetary resources as a means to promote long-term savings and positive health outcomes. As you conduct your cost-effectiveness analysis, ask yourself the following questions:
• How economically feasible is the intervention?
• What are the long-term savings of the intervention?
• How do the potential health outcomes outweigh the costs of the intervention?
To prepare for this Discussion, conduct a cost-effectiveness analysis on the one current and one alternative intervention identified in your "Conducting Research" assignment for your Scholar Practitioner Project. Based on this analysis, consider the costs associated with and health outcomes of implementing each. Refer to Chapter 3 of your course text to assist you in conducting your analysis.
Post an explanation that compares the costs associated with and health outcomes of each intervention. Then, explain the intervention that you recommend, justifying your ideas with references to your cost-effective analysis. Support your response with the Learning Resources and peer-reviewed sources.
Given the link of chapter "The Role of Economics".
The link is:
https://www.dropbox.com/s/1uax0kbzlabs3hx/The%20Role%20of%20economics.rar?dl=0
|
Transaction cost per share-transaction cost per dollar
: Suppose that the value of the S&P 500 stock index is 1,188. The contract multiplier is $360. If each futures contract costs $36 to trade with a discount broker, how much is the transaction cost per dollar of stock controlled by the futures contract? ..
|
|
Why is it important to reduce the total number of key factor
: After conducting an internal audit, a firm discovers a total of 100 strengths and 100 weaknesses. What procedures then could be used to determine the most important of these?
|
|
Based on a controversial ethical issues confronting nursing
: Based on a controversial ethical issues confronting nursing, how can abortion, euthanasia and physician-assisted suicide affect nursing care?
|
|
Develop an alternative to the biofilm detachment model
: Run the simulation long enough to observe the pores gradually filling and formation of a compact biofilm.
|
|
How economically feasible is the intervention
: How economically feasible is the intervention?- What are the long-term savings of the intervention?- How do the potential health outcomes outweigh the costs of the intervention?
|
|
Post a description of your vision for social change
: Post a description of your vision for social change. Include how your personal vision complements Walden University's vision and mission, as well as how Walden University might help you achieve your professional and academic goals
|
|
Specific population and demographic changes
: Write a paper that examines specific population and demographic changes, along with shifts in the burden of disease, that have affected the delivery of health care services in Saudi Arabia.
|
|
What is the price per share of nogrowth stock
: NoGrowth Corporation currently pays a dividend of $ 0.55 per? quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the? firm's equity cost of capital is 15.3 %??
|
|
Physician care services
: In the Middleboro Physician Care Services, Inc. case, you are asked to examine the operations of an ambulatory, non-emergent care clinic which treats private and occupational health patients and provides services which do not include continuing o..
|