Imagine that you run a nursing home facility in your area.
Analyze and comment on the role public policy has in the economic aspect of running this type of health services center.
Compare and contrast the economic challenges and incentives this type of health care model presents.
What are some of the ways in which you could inform or signal potential consumers that your nursing home is of high quality?
Evaluate the social-cultural issues that influence the consumers of this type of health service.
Which of your proposed methods are most apt to be reliable signals that significantly communicate to consumers, so they are able to make more informed decisions?
Lee, R. H. (2015). Economics for health care managers(3rd ed.). Chicago, IL: Health Care Administration Press.
Chapter 13: Asymmetric Information and Incentives
Arrow, K. J. (1963). Uncertainly and the welfare of economics of medical care(Links to an external site.)Links to an external site.. The American Economic Review, 53(5), 941-973. Retrieved from http://stevereads.com/papers_to_read/uncertainty_and_the_welfare_economics_of_medical_care.pdf
This article is a sentinel paper discussing the issue of uncertainly and economic provisions in health care.
Davis, K., & Guterman, S. (2007). Rewarding excellence and efficiency in Medicare payments. Milbank Quarterly, 85(3), 449-468. doi:10.1111/j.1468-0009.2007.00495.x
The full-text version of this article can be accessed through the EBSCOhost database in the Ashford University Library.
Greenwald, L. M. (2000). Medicare risk-adjusted capitation payments: From research to implementation. Health Care Financing Review, 21(3), 1-5. Retrieved from the EBSCOhost database.
The article introduces the reader to the concept of risk adjustment and its implications on payment models in health care.
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