Overview of Health Economics: Key Concepts and Principles
ANBARASI G
ASSISTANT PROFESSOR,
DEPARTMENT OF HOSPITAL ADMINISTRATION,
BONSECOURS COLLEGE FOR WOMEN,
THANJAVUR
According to WHO defines ”Health is defined as a
state of complete physical, mental and social
wellbeing and not merely the absence of disease or
infirmity”.
According to Marshall Economic is defined as “the
study of humans, in relations to the ordinary business
of life. It studies that portion of the personal and
social activities which are closely related to the
attainment of material resources, related to welfare
of its utilization.
Health Economics is defined as a branch of economics
concerned with issues related to efficiency,
effectiveness, value and behaviour in the production
and consumption of health and healthcare.
Meaning and scope of Health Economics.
Determinants of health.
Demand for health and healthcare.
Supply of health care.
Health care Markets.
The relationship between economic growth and health.
Health sector budgeting and planning.
National health system.
Equity in health outcomes and in health care.
International health.
Its main objective is study of using the scarce
resources are allocated among alternative uses for the
care of sickness.
To promote , maintain and improved the health and
health care services.
To study the cost & benefits of health –related
services and health itself are distributed among
individuals
Health Influences
Value of Health
Demand for Health care
Supply for Health care
Microeconomic evaluation at treatment level
Market Equilibrium
Evaluation at whole system level
Planning, budgeting, Monitoring mechanism
Principles of health economics including :
The notion of scarcity
Demand and supply
Distinction between need and demand
Opportunity cost.
Discounting
Time horizons
Margins
Efficiency
Equity
Resources
Scarcity
•
Opportunity cost
•
Efficiency
•
Production of Health
Health care Market
Due to increase in life expectancy
Changes in family structure and norms
Advances in health researches
Higher expectation among people
Public Awareness
Medical Advances
Health economics uses economic concepts and
methods to understand and explain how people make
decisions regarding their health behaviours and use of
health care.
It also provides a framework for thinking about how
society should allocate its limited health resources to
meet people’s demand/need for health care services,
health promotion and prevention.
Health economics is a vital field that explores the relationship between economics and healthcare, focusing on efficiency, value, and behavior in health production and consumption. It encompasses topics like determinants of health, demand and supply of healthcare, health sector budgeting, and equity in healthcare outcomes. The main objective is to optimize the allocation of scarce resources for healthcare services while considering cost and benefits. Principles include scarcity, demand and supply dynamics, opportunity cost, efficiency, and equity.
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Presentation Transcript
ANBARASI G ASSISTANT PROFESSOR, DEPARTMENT OF HOSPITAL ADMINISTRATION, BONSECOURS COLLEGE FOR WOMEN, THANJAVUR
According to WHO defines Health is defined as a state of complete physical, mental and social wellbeing and not merely the absence of disease or infirmity .
According to Marshall Economic is defined as the study of humans, in relations to the ordinary business of life. It studies that portion of the personal and social activities which are closely related to the attainment of material resources, related to welfare of its utilization.
Health Economics is defined as a branch of economics concerned with issues effectiveness, value and behaviour in the production and consumption of health and healthcare. related to efficiency,
Meaning and scope of Health Economics. Determinants of health. Demand for health and healthcare. Supply of health care. Health care Markets. The relationship between economic growth and health. Health sector budgeting and planning. National health system. Equity in health outcomes and in health care. International health.
Its main objective is study of using the scarce resources are allocated among alternative uses for the care of sickness. To promote , maintain and improved the health and health care services. To study the cost & benefits of health related services and health itself are distributed among individuals
Health Influences Value of Health Demand for Health care Supply for Health care Microeconomic evaluation at treatment level Market Equilibrium Evaluation at whole system level Planning, budgeting, Monitoring mechanism
Principles of health economics including : The notion of scarcity Demand and supply Distinction between need and demand Opportunity cost. Discounting Time horizons Margins Efficiency Equity
Resources Scarcity Opportunity cost Efficiency Production of Health Health care Market
Due to increase in life expectancy Changes in family structure and norms Advances in health researches Higher expectation among people Public Awareness Medical Advances
Health economics uses economic concepts and methods to understand and explain how people make decisions regarding their health behaviours and use of health care. It also provides a framework for thinking about how society should allocate its limited health resources to meet people s demand/need for health care services, health promotion and prevention.
