1. Where does your revenue come from at your practice (or organization or what you think the best type is in a
healthcare field) Use page 125 in your book to help determine the payment/revenue stream
2. Which type of payment gives a physician the most incentive to do the following:
a. Spend more time with patients?
b. Provide more laboratory services to each patient?
c. Modify the listing of diagnoses to increase revenues?
d. Reduce hospital utilization?
e. Ask patients to return frequently?
3. When you go to the store and purchase a good or a service markets help match what to produce how much
to produce and at what price. In medicine, as your books states, ” most decisions are made for you by the
doctor”. Using Chapter 6, 7 and the article attached
Medical Trasactions and mkt failure.pdf download
Answer the following:
A. Explain asymmetric information, agency and uncertainty and how they create a market failure that can be an
unfair advantage for the seller (healthcare provider).
B. How can licensure help /hinder profits and or quality of care
4. I know we talked about costs last week but i’m going to throw in an economies of scale (cost) question here.
What advantages in regards to economies of scale and revenues does large physician groups have over solo
physicians? What disadvantages?
5. Let’s assume that the state of Florida decides that Medicaid will pay only 75% of what private insurance
pays in order to save money and balance the state budget. Will this cause a shortage or surplus and what kind
of evidence would you look for.
BOOK: Getzen, T. E. (2012). Health economics and financing. Wiley Global Education