Course Description

This course presents an economic analysis of medical markets and the production of health services. The flow of funds approach describes the incentives and organizational structure of the healthcare system. Transactions between patients and physicians will be examined to see how profits are made, costs covered, contracts written (or implied) and regulations formed. The consequences of exchanging services for money in a particular way is revealed by exploring the historical development of those distinctive features which characterize the industrial organization of healthcare: licensure, third party insurance, non-profit hospitals, and government regulations.

Applies Towards the Following Certificates

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