Reference no: EM132337297
Assignment : Economic Analysis of Supply and Market Structure of Healthcare Industry
You just started working as a Health Service Manager for a health care company within an industry below. First choose an industry below to discuss the questions that follow:
Pharmaceutical (generic drugs)
Pharmaceutical (patented drug)
Any physician specialty (e.g. cardiology, ophthalmology, etc.)
Hospital (national Network)
Small rural hospital
Your boss has asked you to write a memo detailing the factors impacting the supply of your product or services and how the market structure of your impacts the quantity supplied and the pricing of your product or service.
Answer the first four questions (and Q6) below relying primarily on the course readings and other resource material presented in this class. You can use external UMUC library resources to research Q5 below in order to research government regulations impacting your industry. Cite and refer all resources used whether internal or external.
Describe the product or service you supply to your patients.
Identify the market structure of your industry and the analyze the key characteristics of your industry that lead to your identification of this market structure.
Given this market structure, evaluate how prices charged for your services/products are determined.
Evaluate how does the existence of private and public insurance influence the revenues you receive for this service/product.
Given the government regulations impacting the health industry that have been discussed in this class, identify and discuss a government regulation that has been implemented in this industry.
Identify a market failure(s) discussed in class that the government regulation attempted to address.
In writing your report be sure to include your name and in the subject line identify the health care entity you chose above. In order for your boss to easily review your report, please include section headers to correspond to the questions below. The memo should be at least 4 double-spaced pages (excluding the cover page).
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Explain the specific effect of their influence
: Make list of three or four people who have influenced you. Explain specific effect of their influence. how each of these people has effected your individual
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Identify each person class-race and gender
: Identify each person's class, race, and gender, What are some of the benefits and limitations to using interview as a research methodology?
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What is the source of racism in your environment
: How does your racial and/or ethnic identity affect your life? What is the source (historical, structural, political, cultural) of racism in your environment?
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Who responsibility is it to communicate pricing to patients
: Who's responsibility is it to communicate pricing to patients (hospitals, government, insurance companies, physicians, others)?
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Supply and market structure of healthcare industry
: Hmgt 435-Evaluate how does the existence of private and public insurance influence the revenues you receive for this service/product.
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What are the characteristics of a public good
: What are the characteristics of a "public good"? Why is it difficult for a private company to provide a public good?
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Strengths or weaknesses of those ethical systems
: Include what kind of problems or issues were addressed and the strengths or weaknesses of those ethical systems.
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Literature review of technology adoption models
: What are some of the basic features that you would put in the application? How can you measure the potential success of the program before it is implemented?
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Effort to develop a meaningful solution in the organization
: What is a situation in your organization that could be researched as part of an effort to develop a meaningful solution in the organization?
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