PBHE 315_Week 7_2

interest). At what age is the rate of disease development the highest? Source: Adapted from P. Coleman et al., “Endemic Stability―A Veterinary Idea Applied to Public Health," The Lancet 357 (2001): 1284–86. 19. If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. The marginal cost is the rate of change of the cost with respect to the number of items produced, that is, the derivative C'(x). (a) Show that if the average cost is a minimum, then the marginal cost equals the average cost. (b) If C(x) = 16,000 + 200x + 4x³/2, in dollars, find (i) the cost, average cost, and marginal cost at a produc- tion level of 1000 units; (ii) the production level that will minimize the average cost; and (iii) the minimum average cost. 20. If R(x) is the revenue that a company receives when it sells x units of a product, then the marginal revenue function is the derivative R'(x). The profit function is

Don't use Ai

In what sense is a cost-of-illness study a technique of economic evaluation? In what sense is it not? What is the primary motivation for doing a cost-of-illness study?

During the course of a pandemic, does a company that is considering outsourcing face any unique risks with regard to the industry or its service providers?

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The UN Committee on Economic, Social, and Cultural Rights (CESCR) is charged with interpreting the International Covenant on Economic, Social, and Cultural Rights (ICESR). In 2000 the Committee released General Comment 14, “The Right to the Highest Attainable Standard of Health”. The General Comment is important for advancing our understanding of a right to health under international law because it: (choose one) A) Sets out what has become known as the “3AQ model” addressing the conditions for health on the basis of Availability, Accessibility, Acceptability, and Quality. B) Creates new, specific obligations with respect to the delivery health care services that are binding on all countries of the world C) Makes it clear that the absence of a right to health in the Canadian Charter or Rights and Freedoms means that Canada is in clear violation of its obligations under the ICESR. D) Offers an account of a right to health that has been used by health advocates around the world E) A, B…

Identify the NonPrice determinants of demand in the dentistry field.(per factor)

Define the roles of the Chief Information Officer (CIO) and Chief Technology Officer (CTO) in health-care businesses. Make one (1) suggestion on how they can apply their knowledge to improve employee and patient satisfaction. Provide examples of such expertise in action to back up your claim.

Problem 2 The average cost of hospital care for COVID-19 ranges from $51,000 to $78,000, based on severity. Consider the following samples provided by Hospital A, Hospital B, and the healthcare industry (American Hospital Association or AHA) for severity level AIX. Hospital A Severity Level A1X Severity Level A1x Severity Level: A1X Severity Level: A1x Severity Level: A1x Hospital B Severity Level A1x Severity Level A1x Severity Level: A1x Severity Level: A1X Severity Level: A1x AHA (Benchmark) Severity Level A1x Severity Level A1X Severity Level: A1x Severity Level: A1X Severity Level: A1X Cost $ 57,724 51,127 54,930 50,282 66,761 71,138 75,210 69,105 71,138 76,016 67,073 57,317 70,325 54,472 50,813 a. Perform a cost effectiveness analysis on Hospital A. Use a 95% confidence level (alpha= 5%). Hint: use regression analysis to assess deviation from the benchmark (AHA average cost). b. Perform a cost effectiveness analysis on Hospital B. Use a 95% confidence level (alpha= 5%). Hint: use…

1. If you are trying to use a RDD setup to evaluate the effect of health insurance on health, and you qualify for a health insurance subsidy if your family income is below $20,000.   What's the running variable? What's treatment, and what's the outcome?

According to data from Yelp, more than 55 percent of the 132,500 businesses listed on the site that closed during the pandemic will remain shuttered permanently. Although government relief bought some companies time, businesses that are now closed will likely remain that way for the long term. Restaurants account for the greatest share of permanent and temporary closures, followed closely by retailers and then beauty salons and spas.  “Businesses are needing to decide, ‘Do I renew my lease on my space for another year?’ It is really hard to make a one-year commitment to paying rent when businesses are closing down for the second time and there’s no end in sight to this virus,” said Michael Stepner, a postdoctoral researcher at Harvard University. “The longer these temporary closings go on, the more of them will turn permanent.” States that depend heavily on tourism like Hawaii and Nevada have experienced the most closures per capita. As businesses close across the country, it becomes…

1. In what way(s) is the use of having A.I. pharmaceutical indusrty similar to and/or different from having the use of A.I at HenryFord hospital?    2. AI has significant potential to enhance worker productivity at Henry Ford Hospital by automating repetitive tasks, optimizing clinical workflows, and supporting decision-making processes. According to a study by McKinsey & Company (2022), AI can improve productivity in healthcare settings by 20-30% through automation and more efficient allocation of resources. A.I can enhance work productivity in the pharamceutical industry by monotonous labatory work. Would the same strategies mentioned above to enhance work productivity in both industries work? Explain giving economic reasons.

Health Economics- whether the profit motive in hospitals generate a negative impact on the quality and access of care for the poor and uninsured. That is, is there significance in the quality and access between for-profit and not-for-profit hospitals?

Healthcare costs as a share of GDP has been on the rise for the last several decades.  What are three different explanations for these increasing costs? Which factor accounts for most of the increase?

Explain the ways in which trends within Medicare, Medicaid, and third-party payers affect working capital and the cost elements associated with the revenue cycle within a U.S.healthcare organization. Please include one reference.

Assess the potential impact of the four (CAGE) culture, administrative, geographic, economic dimensions of distance on the healthcare consulting industry.

discuss the dominant cost components of health care.

Discuss the probable consequences of government regulation and market competition on the operation and performance of the health care industry. Question - Which of the following is not a basic question that must be answered as a result of scarcity? a. Who should decide the amount of money spent on medical goods and services?* b. Who should receive the medical goods and services that are produced? c. What mix of nonmedical and medical goods and services should be produced in the macroeconomy? d. What specific health care resources should be used to produce the chosen medical goods and services? e. What mix of medical goods and services should be produced in the health economy?

Discuss which of the following types of technological change in health care likely to be cost increasing:   I. threats of malpractice suits that cause physicians to order more diagnostic tests on average for a given set of patients symptoms   ii) a new computer-assisted scanning device that enables physicians to take much more detailed picture of the brain   iii) the introduction of penicillin earlier in this century   iv) greater emphasis on preventive care   v) the threat of Covid-19 virus