Mha 710 Study guides, Class notes & Summaries

MHA 710 - Healthcare Economics - Exam 3 | 100% Correct Answers | Verified | Latest 2024 Version

MHA 710 Test 2 (Ch 5-8) 100% Correct Solved Suppose you must rely exclusively on cost-effectiveness analysis (CEA) to determine whether a category of people receives, potentially life-saving, intervention. Which of the following considerations must you keep in mind when making your decision? a. CEA studies are considered the gold standard as far as evaluation studies are concerned b. CEA ignores the possibility that certain unidentified individuals in a group may have a greater than norma...

Suppose your assignment is to use the standard time trade-off approach to measure quality of life. You are given the following information. An individual is faced with leaving the remaining 10 years of their life suffering from severe osteoporosis. The individual reveals that they would be willing to give up four of those years to live hte remaining six in perfect health. What is the utility of one year in a chronic health state relative to perfect health? A. 0.6 B. 40 C. 4 D. 6 E. 0.4 A. ...

In order to be a successful price discriminator, a provider must have a degree of market power (depicted by a downward-sloping demand curve) and meet what other condition(s)? a. Customers cannot know that different prices are being charged. b. Markets must be segmentable, identifying differences in ability to pay. c. Demand for services must be relatively price elastic. d. Profitable service expansion opportunities must be limited. e. The provider must have excess capacity to accommodate th...

MHA 710 Healthcare Economics Exam 2 – Correctly Answered Questions

MHA 710 Exam 1 Questions and Answers 100% Pass What is "economics"? - Correct Answer ️️ -A Map for decision making. Economics analyzes the allocation of scarce resources. What are some of the specific challenges faced by managers in healthcare? - Correct Answer ️️ -1. The central roles of risk and uncertainty 2. The complexities created by insurance 3. The perils produced by information asymmetries 4. The problems posed by not-for-profit organizations 5. The rapid and confusing...

MHA 710 - Healthcare Economics - Exam 3 Questions and Answers 100% Pass In order to be a successful price discriminator, a provider must have a degree of market power (depicted by a downward-sloping demand curve) and meet what other condition(s)? a. Customers cannot know that different prices are being charged. b. Markets must be segmentable, identifying differences in ability to pay. c. Demand for services must be relatively price elastic. d. Profitable service expansion opportunities m...

MHA 710 Exam 1 (Problem Set 1 And 2, Key Terms, Knowledge Check Questions, Sample Questions/Answers etc.)

MHA 710 EXAM 1 QUESTIONS WITH ALL CORRECT ANSWERS.

MHA 710 Exam 1 | 109 Questions with 100% Correct Answers | Verified | Latest Updated 2024 | Graded A+ What is "economics"? - A Map for decision making. Economics analyzes the allocation of scarce resources. What are some of the specific challenges faced by managers in healthcare? - 1. The central roles of risk and uncertainty 2. The complexities created by insurance 3. The perils produced by information asymmetries 4. The problems posed by not-for-profit organizations 5. The rapid and...