Healthcare Economics – BUSI 429

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

Explores how principles of economic analysis can be applied to the field of healthcare. This course will explore how healthcare economics is unique through an exploration of healthcare markets (including supply, demand, production, and costs) and how cost-benefit analysis is performed when the output presents challenges for measurement.

Prerequisites 

None

Rationale

The course examines, from an economic perspective, the Affordable Care Act (ACA) and its implications for all aspects of healthcare financing and delivery. The course and selected text materials explain the magnitude of the ACA legislation and how it affects all stakeholders including physicians, hospitals, employers, employees, insurers, the insured, and state and federal governments. The course will help the student link the ACA to topics such as the rise in medical expenses, high cost of prescription medications, projected shortage of physicians, the future role of hospitals, and the evolution of managed care.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Integrate a biblical worldview within the context of healthcare economics.
  2. Research economic influences related to the healthcare delivery system.
  3. Identify how public policy influences the economy of healthcare.
  4. Examine the importance of economics in health care decisions, for both the demand and supply-side factors, based upon knowledge of current literature and industry best practices.

Course Assignment

Textbook readings and lecture presentations/notes

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Discussion Board Forums (8)

Discussion boards are collaborative learning experiences. Therefore, the student is required to provide a thread in response to the provided prompt for each forum. Each thread must be 400–500 words and demonstrate course-related knowledge. In addition to the thread, the student is required to reply to 2 classmates’ threads. Each reply must be 250–300 words. The student must include at least 1 citation in current APA format for each thread and reply.

Research Project

The student will write a 20-page research-based paper in current APA format that focuses on an applied topic of the student’s choosing related to healthcare economics and decision-making in the healthcare industry or a healthcare facility. The paper must include at least 15 references in addition to the course textbook and the Bible. The student will complete an Annotated Bibliography, Outline, Draft, and Final in order to complete this project.

Annotated Bibliography

The student must list at least 15 scholarly sources from peer-reviewed journals, not including the course textbook and the Bible. A single paragraph of 50–75 words must be provided to give a brief description of each resource. All sources must be less than 10 years old.

Outline

The student must include a thesis statement, the research questions/issues being addressed, how much space will be allotted for each section of the paper, and a preliminary reference list of at least 15 scholarly articles from peer-reviewed journals. All sources must be less than 10 years old.

Draft

The student will create a full rough draft of the Research Project. This assignment must be at least 20 pages and include at least 15 scholarly references.

Final

The final submission for this project will maintain the same parameters as the draft. However, the student will receive feedback on the Draft from his/her instructor, and must revise the Final based upon this feedback. The Final will be submitted through SafeAssign to check for plagiarism.

Quizzes (8)

Each quiz will cover the Reading & Study material for the assigned module/week. Each quiz will be open-book/open-notes, contain 10 multiple-choice questions, and have a 30-minute time limit.