Applying Law of Demand to Healthcare Services
Applying Law of Demand to Healthcare Services
Instructions
Pick one of the healthcare entities listed below and assume you were just hired as a healthcare manager. Please be sure to use title headers in your paper corresponding to the three areas below. Using what you have learned so far about demand theory write a 4 pages report (double-spaced) addressing the following questions:
Describe the demand curve for the services you provide and the sensitivity of the demand for your services to changes in its price? (e.g. elastic, inelastic) Explain why. Include a discussion of the implications of health insurance coverage for your services provided.
Identify potential substitutes and complements for your services and their impact on the demand curve?
Explain the factors that might lead to a shift in the demand curve for your service?
Choose one of the following to discuss the questions above:
Non-profit hospital
Ambulatory Surgery center
Pharmacy
Physician’s Office
Cosmetic
