Healthcare Economics

EIE6893

Healthcare Economics

College of Engineering
MECH
An introduction to healthcare economics: time value of money, insurance billing, hospital revenues and costs, staffing costs, demand management, impact of regulation and reimbursement; economic incentives in health care, health insurance and healthcare financing, allocation of health and long-term care resources, apportioning methods and break even analysis. Techniques for economic evaluation in Healthcare. Analysis of financial implications of day to day operational decisions and long term impacts. Cost containment techniques applied to healthcare; cost drivers and value engineering. Contemporary topics on third party payers and insurers, price or rate setting and taxation and alternative organizations.