Healthcare Economics

This assignment will be submitted to Turnitin™.


Course Objectives for Assignment:

  • Explain the basic terminologies of healthcare economics and analyze how healthcare supply and healthcare demand work to construct a model of the fundamental economic factors that impact the delivery of healthcare.
  • Assess the key economic drivers that impact the delivery of healthcare in order to inform effective future decision-making.

Assume that you just started working as a Health Service Manager within one of the following healthcare industries. First,

(A) choose a healthcare entity below to discuss the questions that follow:

  1. Ambulatory Surgery center
  2. Pharmacy
  3. Physician’s Office
  4. Cosmetic Surgery Center
  5. Laser Eye Center
  6. Dental Office

(B) Your boss has asked you to write a memo (not an essay) detailing how the demand for your products or services may be impacted by various economic factors.

In writing your memo, be sure to include your name and in the subject line identify the health care entity you chose above. For your boss to easily review your memo, please include section headers corresponding to the sections of the questions in the assignment instructions below.

Answer the following questions relying primarily on the course readings and other resource material presented in this class (do not use or cite any other sources).

  1. Describe a product or service your company provides to your patients.
  2. Evaluate the demand curve for your product and the relationship between the price of your service/product and the quantity demanded. In this evaluation, be sure to identify:
    1. whether demand is sensitive (e.g. price elastic) or less sensitive (e.g. price inelastic) to changes in the price.
    2. evaluate why this elasticity of demand relationship might occur.
    3. include a discussion of how the existence of health insurance would impact the elasticity of demand.
  1. Define “substitute” goods and identify potential “substitutes” for your product/service. Evaluate how the existence of such substitutes may impact the demand for your product/service.
  2. Define “complement” goods and identify potential complements for your product/service. Evaluate how does the existence of such complement goods may impact the demand for your product/service.
  3. Identify and discuss at least two economic factors that might lead to a shift in the demand curve for your product/service?

Healthcare Economics

We offer the best custom writing paper services. We have answered this question before and we can also do it for you.


We offer the bestcustom writing paper services. We have done this question before, we can also do it for you.

Why Choose Us

  • 100% non-plagiarized Papers
  • 24/7 /365 Service Available
  • Affordable Prices
  • Any Paper, Urgency, and Subject
  • Will complete your papers in 6 hours
  • On-time Delivery
  • Money-back and Privacy guarantees
  • Unlimited Amendments upon request
  • Satisfaction guarantee

How it Works

  • Click on the “Place Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
  • Fill in your paper’s requirements in the "PAPER DETAILS" section.
  • Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
  • Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
  • From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.