HSM4101

Provides a practical and applied understanding of healthcare economics, with the specific aim of enhancing the effectiveness of management within the healthcare industry. Effective healthcare management requires a solid understanding of the economic incentives and choices influencing various agents within the industry. This course explores the healthcare economic principles that drive the behavior of providers, insurers, and patients. It offers an overview of the structure and dynamics of different stakeholders focusing on how these sectors respond to economic forces given the incentives faced by different agents—patients, providers, payers, and healthcare manufacturers (i.e., pharmaceutical and medical device industries) among others. The course also examines both private and government insurers, exploring how policies from these insurers shape the actions of health systems. Health equity, a critical issue in healthcare, is explored for its broader implications on management practices. Additionally, healthcare managers must prepare for the potential impacts of healthcare reform on the industry to ensure their organization is positioned to succeed in this dynamic environment.

Prereq: HSM 3521, (Econ 1101 or ApEc 1101)

013516

Every Fall & Spring