Q Module Two Assignment 09052023
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Purdue University *
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N678
Subject
Health Science
Date
Dec 6, 2023
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docx
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2
Uploaded by chang541
Running head: HEALTHCARE MARKET
1
Chapter 3 Questions
The challenge posed by acquiring and comprehending medical information bears
profound consequences for the quantity and quality of medical care. Medical decisions carry
intricate implications and potentially life-altering outcomes, underscoring the critical importance
of informed choices (Masic, 2022). Accessing and understanding medical information is crucial
in order to achieve good healthcare. When it's tough to get or too complicated, it can cause
problems like unnecessary treatments, lower-quality care, and higher costs. The internet and
social media are dramatically changing how healthcare works, especially on health inequality
and healthcare access(Yu & Meng, 2022).
Now, there is sufficient medical information
accessible online, which can help patients make sound decisions and healthcare providers offer
better choices.
Some people mix up two things in healthcare: using resources wisely and limiting
resources when there's not enough. Resource allocation involves optimizing limited resources to
maximize societal benefits, considering factors like efficiency and equity (Turner et al., 2021). It
means making smart choices within budget constraints to achieve the best value. In contrast,
resource rationing involves restricting access to specific medical services or treatments due to
scarcity, often based on factors like cost-effectiveness or medical necessity (Turner et al., 2021).
Economics, which is about managing money and resources, helps with both of these things in
healthcare. It facilitates the optimal utilization of available resources while ensuring universal
access to necessary healthcare services (Roberts et al, 2019). It is essential to understand these
differences to make good healthcare policies.
Economic principles are pivotal to both resource allocation and rationing in healthcare.
By adroitly allocating resources, healthcare systems can expand service provisions while honing
cost-effectiveness. However, this allocation must be thoughtfully calibrated with ethical
considerations to safeguard equitable access to healthcare. In contrast, resource rationing ensues
when demand outstrips supply, necessitating the prioritization of care based on assorted criteria.
A nuanced comprehension of these distinctions is vital in fashioning efficacious healthcare
policies that strike a balance between judicious resource utilization and equitable access to care.
Chapter 4 Question
Efforts to objectively evaluate the efficacy of medical care delivery encompass three vital
dimensions: technical efficiency, allocative efficiency, and equity. These dimensions serve as the
bedrock for assessing healthcare systems' performance, thereby ensuring optimal outcomes for
both patients and society at large (Henderson, 2023). Technical efficiency means doing medical
care in the best way possible, so don't waste anything, and doesn't cost too much. It's like using
doctors, hospitals, and equipment to give as much care as possible without spending too much
money. Allocative efficiency is about giving the right kind of medical care that people want and
need. It's like making sure that the healthcare services match what patients want. If we don't do
this well, patients might not get the care they need, and that's not good. Equity means being fair
and making sure that everyone, no matter how much money they have, can get the healthcare
they need.
Collectively, these three dimensions of evaluation underpin the overall efficacy and
impact of healthcare systems. While technical efficiency ensures resource optimization,
allocative efficiency aligns services with patient preferences, and equity guarantees universal
access to care. A well-optimized healthcare system must ardently strive to excel in these
dimensions to furnish effective and impartial medical care delivery.
HEALTHCARE MARKET
2
References
Henderson, James W. (2023).
Health Economics and Policy
. Cengage Learning.
Masic, I. (2022). Medical decision making - An overview.
Acta Informatical Medical
,
30
(3),
230-235. DOI: 10.5455/aim.2022.30.230-235.
Roberts, S. L.E., Healey, A., & Sevdalis, N. (2019). Use of health economic evaluation in the
implementation and improvement science fields-a systematic literature review.
Implementation Science, 14
(1),72. DOI: 10.1186/s13012-019-0901-7.
Turner, H. C., Archer, R. A., Downey,
L. E., Isaranuwatchai, W., Chalkidou, K., Jit, M., &
Teerawattananon, Y. (2021). An introduction to the main types of economic evaluations
used for informing priority setting and resource allocation in healthcare: Key features,
uses, and limitations.
Frontier Public Health
,
2021
(9), 722927. DOI:
10.3389/fpubh.2021.722927.
Yu, J. & Meng, S. (2022) Impacts of the internet on health inequality and healthcare access:
Across-country study.
Frontier in Public Health, 2022
(10), 10:935608. DOI:
10.3389/fpubh.2022.935608
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