A Comprehensive Framework Of Knowledge For Healthcare Professionals

In a world of increasing competition for health resources economic evaluations are essential to provide evidence to decision makers that allows them to make appropriate decisions regarding the best use of those resources (Cohen and Reynolds, 2008; Williams et al., 2008). Critical appraisal is the means by which the validity of this research is assessed and is essential for true evidence based practice, and decision-making (Burls, 2009; Ciliska, Thomas and Buffett, 2008).

Cleverley, W.O., Cleverley, J.O., & Song, P.H. (2012). Essentials of health care finance (7th ed.). Sudbury, MA: Jones & Bartlett Learning.

Did you know that 99% of the dead NFL players had signs of Chronic traumatic encephalopathy (CTE) when scientist looked through their brain (Ventras)? Most people wouldn’t know this fact, but scientist do and have known this since 2002. Even though they are making improvements, there is still an alarming rate of concussions happening. This report will discuss who is affected, how it can be prevented, how it is affecting sports today.

Throughout the history of the United States, the economics of the health care system has experienced many changes. There are many factors to consider that has been the drive behind many of the changes within the health care system. Medical and surgical technologies are some factors that relate to the changes in health care. Besides these factors, allocating sources to fund health care services has always been the most critical factor. One might consider the economic term supply and demand when looking at the history of health care economics and the primary funding source. Health care funding

The media and fans fostered a heightened awareness for sport concussion as they learned of high-profile professional athletes who attributed their retirements to repetitive concussions. Additionally, postconcussion syndrome was identified in players who retired for other reasons in the months and years after their injuries. As a result, the current research concerned with the identification, management, and long-term effects of concussion is adding new and exciting information to the professional body of knowledge required to reduce the risk of injury.” (Cerebral Concussion: Causes, Effects, and Risks in

When contemplating health care policy changes, several economic issues in health care must be considered. These include the financial issues affecting the health sector and have an impact on health policies. Policy makers face unending challenges due to the health sector revenues that are always rising. Another challenge is decreased funding and failure of the health insurance services.

In the united states over 170 million adults participate in physical activities, including sports which can have a greater impact on unorganized sports because most of the time there not properly trained and just go for what they know and injure themselves 1.6 to 3.8 million concussions occur in recreational activities annually. However, this vastly underestimates total concussions, as many individuals suffering from mild or moderate concussions do seek medical advice... Many of these activities are associated with an increased risk of traumatic brain injury (TBI). In the united States, an estimated 1.7 million people sustain a TBI annually, associated with 1.365 million emergency room visits and 275,000 hospitalizations annually with associated direct and indirect cost estimated to have been $60 billion in the United states in 2000, So concussions are not only taken a big toll on someone’s life but also their pockets.

T.R. Reid uses cost, quality, and choice to fully evaluate healthcare systems all around the world. As an American citizen, I have always thought our system was unfair. The poor suffer more than the rich for going to see a doctor for the same reason. In chapter one of The healing of America, T.R. Reid comments on how many Americans have also started to notice that the American healthcare system is not as great as we once thought. Not only is it unfair, but it is also expensive and unsuccessful (9). By looking at all the other countries’ healthcare systems, Reid would then be able to better pinpoint how America can better its health care system by taking portions of those health systems.

I have chosen the topic “Examine the financial characteristics of health care delivery along with managing costs, revenues, and human

Over the past several years, concussions and Chronic Traumatic Encephalopathy (CTE) have become hot topics in the world of football. The long lasting effects of concussions and CTE experienced

The cost of care has been a growing problem throughout developed nations during the last 15 years. For example, across 34 nations that make up the Organization for Economic Cooperation and Development (OECD), the average per capita health care expenditure increased by more than 70 percent between 2000 and 2010. However, the biggest spenders — such as

According to HCUP in the year 2013, "Septicemia was the most expensive condition treated, accounting for $23.7 billion, or 6.2 percent of the aggregate costs for all hospitalizations". Consequently, because of the volatile disposition of the economy, no healthcare organization can withstand sustaining this sizable expenditure if these numbers are not controlled. Using $23.7 billion as a benchmark, this last and final metric seeks to depress this sum by 4%. This would add up to a savings of approximately $948 million annually. To reiterate this is the savings the healthcare industry would experience on a national level. Ultimately a savings of this magnitude has the potential to aid in the fight to make healthcare more

Against a background of increasing demands on limited resources, health economics is exerting an influence on decision making at all levels of health care. Health economics seeks to facilitate decision making by offering an explicit decision making framework based on the principle of efficiency. It is not the only consideration but it is an important one and practitioners will need to have an understanding of its basic principles and how it can impact on clinical decision making.

Cost-benefit, cost-effectiveness and cost-utility analyses are forms of economic evaluation which are useful in health economics for comparing costs and allocating resources. Health economics is widely relevant to governments and the health sector in implementation of new policy, as it concerns the allocation of resources in the context of a limited budget, or 'scarcity'. Economic evaluation is a potential tool for setting priorities in health, though it is only one of many potential criteria, including overall budget and public attitudes and wants. Economic evaluation is already in use in some settings, such as in pharmaceutical company proposals for government subsidisation, but there is room for expansion across the field of

The current research programs in the Centre for Health Economic at Monash University took my interest as the university is providing a wide range of research areas in the field of Health Economics. Furthermore, the researches are mainly centred on economic evaluation, health outcomes and performance in the health care system which help me to get a comprehensive knowledge and understanding of micro econometrics and other statistical methods, while focusing on Health Economics. In addition to my postgraduate experience, during my volunteer work at King Edward Memorial Hospital and Multiple Sclerosis Society of Western Australia, I have acquired experience in designing questionnaires in relation to ongoing health programs and analysed the surveys’ data focusing on pre-and post-health outcomes. All these academic and extracurricular activities enhance my interest in Health Economics and therefore I am willing to go for further studies to have a sound knowledge of in this specific field.