Question

1. What are at least 2 trends that are likely to increase hospital use? List several threats to hospital revenues in coming years. 2. Explain why an increase in a hospital’s fixed costs or an increase in the number of uninsured cared for by the hospital WILL NOT change the hospital’s profit maximizing price. Will a change in variable costs affect the hospital’s profit maximizing price, why or why not? 3. How does cost shifting differ from price discrimination? 4. Why do price controls require hospitals to make a trade off between quality of medical services and the number of patients served?

Answer 1

Answer:

1. *Technological advancements in health care system: Invention of new technologies like EHR ,telemedicine, remote monitoring tools, diagnostic equipment made drastic changes in health care system.

*Patient centred care approach: In this approach the patient is getting care with respect and dignity by involving in taking decisions about their health. Family members and friends are involved in the treatment and nurse should clarify their concerns and provide health advices.

*Collaboration of team members: According to the new trends in the health care system, treatment is implemented by multidisciplinary team members. Collaboration between the professionals helps in the recovery of the patient.