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.

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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

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