It is suggested that you review the recommended articles to glean any helpful information. In this discussion, you will be taking on the role of an associate director of a hospital who is considering the proposed opening of an urgent care clinic about 20 miles from your main campus. You have been charged with gathering demographic information that might affect the demand for the new clinic and creating a presentation that will be delivered to the hospital CEO. Consider what data might be relevant and why. What would you want to show the CEO to prove that this project would be feasible for the organization?
Today’s health care landscape is placing new importance on the economics of health care. Reflecting on the exercises you have completed thus far and incorporating information from the text, analyze how demand theory applies to public policy and the economics of health services. What elements, responsive to the specific health care service demands of your given population, would you want to present as you develop a microeconomic model based on this proposed opening of an urgent care clinic?
Your PowerPoint presentation slides must include the following information:
- Your basic microeconomic model of the projected service/project
- An analysis of the role that public policy plays in terms of your provision of health care services
- A justification of your model
- The relevance of the current financial data in terms of the projected outcome of the project
- A compare and contrast discussion of the economic challenges and incentives related to your project
Expert Solution Preview
Introduction:
As a medical professor in charge of creating college assignments for medical college students, I will be providing answers to the content provided related to the proposed opening of an urgent care clinic about 20 miles from the main campus of a hospital.
Answer 1:
To prove the feasibility of the proposed opening of an urgent care clinic, I would gather demographic information that might affect the demand for the new clinic and create a presentation for the hospital CEO. I would collect data on the local population’s age, gender, income levels, and health status to identify potential patients for the clinic. I would also analyze the current demand for urgent care services in the area, including existing clinics or hospitals’ wait times for nonemergency care.
In my presentation, I would show the CEO the projected demand for the urgent care clinic based on the collected data and market analysis. I would highlight the potential benefits of opening a clinic in the area, including reduced wait times and increased access to healthcare services. Additionally, I would discuss the potential financial benefits of opening this clinic, such as increased revenue and cost savings.
Answer 2:
Demand theory plays a critical role in shaping public policy and the economics of health services. As a result, when developing a microeconomic model based on the proposed opening of an urgent care clinic, I would focus on several elements responsive to the specific healthcare service demands of the population.
Firstly, I would consider the expected demand for urgent care services in the area, based on the medical needs of the population and the existing supply of healthcare services. Secondly, I would consider the role of public policy in shaping healthcare service delivery in the area, including local regulations or healthcare policies.
Thirdly, I would develop a microeconomic model that takes into account the potential costs of running the clinic, like staff salaries, medical equipment, and rent or purchase of facilities, and the potential income generated by the clinic. Lastly, I would provide a compare and contrast discussion of the economic challenges and incentives related to the project, including potential competition with existing healthcare centers, regulatory hurdles, and financial risks.
In conclusion, developing a comprehensive microeconomic model, incorporating public policy concerns and presenting relevant financial data would help provide a clear picture of the feasibility of this proposed project.
