Economics and Health Care - Economic Concepts - Allocative Efficiency - Technical Efficiency - Opportunity Cost - Cost Effectiveness Analysis - Economics Essay Writing Assignment Help

Economics and Health Care Essay Writing Assignment Help

Assignment Task:

The purpose of this assessment is to explore the meaning of a number of economic concepts, funding models and casemix-based management information systems and their application within the health care environment.

Nurse managers are in a pivotal position to help ensure the provision of both clinical and cost effective healthcare. To fulfil their roles in contemporary health care services, Nurse managers need the language of financial management and an understanding of health care funding models.

Include an introduction and conclusion (approx. 200 words).

1.  Explain the following economic concepts as they are used in the context of health care delivery and provide an example from your practice to illustrate each concept:

• allocative efficiency
• technical efficiency
• opportunity cost
• cost effectiveness analysis .

2. Provide a brief description of activity based funding and discuss how it can be used as an incentive to increase accountability, drive efficiency and improve access to care. Identify what health service provision activities can’t be currently funded under activity based funding .

3. Discuss the types of information casemix-based management information systems provide for nurse managers within the clinical environment and critically analyse how that information can be used for financial planning and management and quality improvement purposes. Identify a concern(s) regarding quality of care that might be raised under case mix based management and how such a concern(s) might be addressed. 

Assessment criteria

You will be marked against the criteria in the marking rubric for Essay.

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