Annotation Explains basic economic concepts that can simplify and improve management decisions that healthcare managers need to make. Shows how economics relates to numerous healthcare concerns, offering specific examples and cases that illustrate how economics provides a framework for understanding costs, market demand, competition, and profitability. Other topics include elasticities, supply and demand analysis, and strategic behavior. Includes a glossary. Assumes no background in economics. Lee is affiliated with the department of health policy and management at the School of Medicine of the University of Kansas. Annotation c. Book News, Inc., Portland, OR (booknews.com).

Good management requires a fundamental understanding of economics. In the rapidly changing healthcare landscape, economics can provide a road map for managers looking to effectively navigate strategic, goal-oriented decisions while also improving population health outcomes. Economics for Healthcare Managers provides the practical guide that healthcare managers need to simplify and strengthen the decision-making process for everyday issues. Written for those with little or no background in economics, the book is designed to engage readers in todays policy and management challenges. The author references classic studies while also drawing on current research and emphasizing contemporary analyses. As the purview of healthcare managers has expanded significantly, this edition has been updated to reflect their evolving role. Featuring 17 new case studies, the book incorporates recent changes in health policy and research, including new and revised content on: " Realizing the Triple Aim " Profits, market structure, and market power " Regulations of the Affordable Care Act " Health insurance and the move toward value-based payments " The healthcare financing system and alternative payment mechanisms The book and its companion materials combine multiple cases, class activities, and special features to engage students and facilitate active learning. These resources give students in the classroom the opportunity to tackle the kinds of challenging economic issues they can expect to face during their careers as healthcare managers. Economics for Healthcare Managers introduces cutting-edge thinking about the economics of policy and management and provides future healthcare managers with the strong foundation they'll need in this critical discipline.

Healthcare managers confront many difficult and complex questions. Economics for Healthcare Managers provides the economic tools managers need to simplify and improve decision making. This book provides a framework for understanding pricing, regulation, costs, market demand, profitability, and risk-issues that all healthcare managers face. Thoroughly revised and updated, the second edition features: # A new chapter on creating and interpreting forecasts # A new chapter on government intervention in healthcare markets # Case studies and examples that illustrate how to analyze management problems and make recommendations # Key concepts, discussion questions, and a glossary for each chapter Written in a straightforward and practical style, this book is ideal for readers with no background in economics.

This text presents basic concepts of economics and tools for financial management in the health care arena, including budgeting, breakeven analysis, financial reporting, business plan preparation, and grant writing. The text includes practical case examples drawn from actual health care settings to relate theory to real-world practice. A sample grant proposal and unique grant writing chapter will prepare students for this critical aspect of management. A free, back-of-book CD-ROM provides sample worksheets for analyzing budgets and determining breakeven points, cost-benefit, and cost-effectiveness, as well as sample budgets. Students can use the worksheets to apply their own data and complete their own analyses.

Many changes are under way in healthcare as a result of both the Affordable Care Act (ACA) and insurers' ability to discern between efficient and inefficient healthcare providers. With more emphasis being placed on exceptional value for customers, healthcare managers must have a solid understanding of economics to lead them through these turbulent times. In this new edition, the author examines efforts to control costs, many of which are being implemented by private insurers--while addressing initiatives such as population health and improved patient experiences in care. This text can serve as a practical guide for future healthcare managers to help simplify and improve decision making when faced with everyday issues, such as market demand, profitability, risk,and regulations. This edition presents cases and contemporary research in economics that highlight the changes in healthcare over the past decade. --