Economic Theories And Principles Of Healthcare - 2207 Words

Final Milestone Part Two: Policy Research and More Sarah Harris Southern New Hampshire University Economic Theories and Principles Every healthcare organization in our country relies on financial and economic gains. In other words, without these two important factors, no healthcare facility would ever survive. For example, healthcare facilities rely on supplies, staff and the proper financial knowledge. In fact, the price and amount of healthcare supplies are rising, which in turn can increase the cost of healthcare (Kabene et al.). Therefore, in non-profits like Yale New Haven Hospital, it is important to have an adequate balance of supplies in order to allow the healthcare providers to practice efficiently. For instance, there needs to be enough supplies in order for the doctors to keep up with the high demand of incoming patients. When there is a rise in the demand of healthcare supplies such as shots, medication, vaccines etc., the more the market will produce, allowing more money to be made. The healthcare markets will be producing financial gains and so will the hospitals that are distributing these goods , which causes supply and demand to be at an all time high. Either way, without the availability of healthcare staff and supplies, the financial well being of any hospital would be non-existent and so would the healthcare market and that is why there is a strong relationship between the two. There are two main economicShow MoreRelatedRunning Head: Accessibility Of Healthcare For Undeserved1540 Words   |  7 PagesACCESSIBILITY OF HEALTHCARE FOR UNDESERVED POPULATIONS 1 Accessibility of Healthcare for Undeserved Populations Name: Institution:  Introduction Skewed provision of healthcare services to common populations is not a new issue in the world. in the developed world, social stratification of populations goes beyond social borders; deep into service provision in hospitals. Probably unethical, provision of inequitable services to undeserved populations has craved its way deep into the healthcare industryRead MoreCase Analysis : Plainfield Healthcare Center Essay1455 Words   |  6 PagesB. Introduction to the case The case is about Plainfield Healthcare Center, is a nursing home in Indiana that cares for an elderly women with frail health. The center has a black certified nurse name Brenda Chaney who works diligently every single day for her assigned patients. 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This theory of the economy reaches through market prices no other equilibrium will make another model of supply and demand