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Health Economics Final Requirement
Health Economics Final Requirement
Submitted to:
Submitted by:
Edward P. De Mesa
Hershey Vonn Primero
Partner Activity
Module A………………………………………………2
Module B………………………………………………3
Individual (Part 2)
Module C.………………………………………………4
Edward P. De Mesa………………………………5
Hershey Vonn
Primero………………………………6
Individual (Part 3)
Edward P. De Mesa……………………………..7
Hershey Vonn Primero………………………..8
References……………………………………………9
Module A
Definition of Terms
Health Economics - is a branch of economics concerned with issues related to efficiency,
effectiveness, value and behavior in the production and consumption of health and healthcare. In
broad terms, health economists study the functioning of healthcare systems and health-affecting
behaviors such as smoking.
Cost - is the value of money that has been used up to produce something or deliver a service, and
hence is not available for use anymore.
Created Wants - equilibrium in the product market does not represent optimal consumer utility
in the form of consumer surplus
Public Wants - A group of people may also share the same want, such as highways, drinking
water, and education. For the most part local, state, and federal governments satisfy public
wants
Capitation - the payment of a fee or grant to a doctor, school, or other person or body
providing services to a number of people, such that the amount paid is determined by the
number of patients, students, or customers.
Preferred Payment Organization - A type of health plan that contracts with medical providers,
such as hospitals and doctors, to create a network of participating providers. You pay less if you
use providers that belong to the plan's network.
Macro Health Economics - is a branch of the economics field that studies how the aggregate
economy behaves. In macroeconomics, a variety of economy-wide phenomena is thoroughly
examined such as, inflation, price levels, rate of growth, national income, gross domestic
product and changes in unemployment. It focuses on trends in the economy and how the
economy moves as a whole. Therefore, macroeconomics is the study of an entire nation’s
economic status.
Cost Benefit Analysis - is a process by which organizations can analyze decisions, systems or
projects, or determine a value for intangibles.
Microeconomics - studies how the behaviors of individual market participants such as buyers,
sellers, and business owners—affect the allocation of resources
Third Party Transaction - s a business deal that involves a person or entity other than the main
participants. Typically, it would involve a buyer, a seller and another party, the third party. The
involvement of the third party can vary, based on the type of business transaction.
Health Management Organization - A health maintenance organization (HMO) is an
organization that provides health coverage with providers under contract. A Health
Maintenance Organization (HMO) differs from traditional health insurance by the contracts it
has with its providers. These contracts allow for premiums to be lower, because the health
providers has the advantage of having patients directed to them; but these contracts also add
additional restrictions to the HMO's members.
Republic Act 7875 – an act instituting a national health program for all Filipinos and
establishing the Philippines health insurance corporation for the purpose. An act instituting a
national health insurance program for all Filipinos and establishing the Philippine Health
Insurance Corporation for the purpose. It is known as the "National Health Insurance Act of
1995", approved by President Fidel V. Ramos last February 14, 1995. It institutes a National
Health Insurance Program for all Filipinos and creates the Philippine Health Insurance
Corporation and the National Health Insurance Fund. It also provides for a system of grievance
and appeal wherein members, dependents or health care providers may seek redress if they think
that they have been aggrieved by any decision of the implementers of the Program, and provides
penalties for violations of its provisions.
2. Agricultural Age
Technology - All that changed in the 18th century with the agricultural revolution, a
period of agricultural development that saw a massive and rapid increase in
agricultural productivity and vast improvements in farm technology like Plow and
moldboard (is a farm tool with one or more heavy blades that breaks the soil and cut
a furrow or small ditch for sowing seeds), Seeds Drills, Reapers Binder (cuts the
grain and binds it in sheaves), and etc.
3. Industrial Age
Population - At the dawn of the Industrial Revolution in the mid-1700s, the world's
human population grew by about 57 percent to 700 million. It would reach one
billion in 1800.
Technology - In the early part of the Industrial Revolution natural power sources
such as water and wind were used as power. Later, new power technologies such as
a steam power and electricity played a major role in allowing the Industrial
Revolution to grow.
Income Distribution – between 1700 and 1860 the industrial revolution, as the
transformation came to be known, caused a sustained rise in real income per person
in England and, as its effects spread, in the rest of the Western world
4. Information Age
Population - began around the 1970s and is still going on today. It is also known as
the Computer Age, Digital Age, or New Media Age. This era brought about a time
period in which people could access information and knowledge easily.
Income Distribution - has affected the workforce in several ways. It has created a
situation in which workers who perform easily automated tasks are forced to find
work that is not easily automated. Workers are also being forced to compete in a
global job market.
Mortality and Morbidity Rate in the
Philippines
The economy as a whole is measured by the Gross National Product. From 2008 to 2018
Gross national product (GNP) is an estimate of total value of all the final products and services
turned out in a given period by the means of production owned by a country's residents.
SOURCE: http://www.doh.gov.ph/doh-budget
http://ieconomics.com/philippines-gross-national-income-per-capita-forecast
http://ieconomics.com/philippines-gross-national-product-forecast
The data shows that the national health expenditures rise with income per capita per
year. Health outcomes improve in the same way because the government allotted more budget
compared from the past years. According to the report of Department of Health as one of their
achievements in 2015, was improving financial risk protection. The National Health Insurance
Program of the Philippine Health Insurance Corporation (PhilHealth) covered 92 percent or
93.45 million principal members and dependents of the country’s 2015 projected population of
101.45 million. Of this total coverage, 45.41 million principal members and dependents were
enrolled as national government sponsored members as of December 31, 2015. In 2015, the
Department continued to deploy physicians, nurses, midwives, and other health professionals
to communities that needed those most. For the first time, dentists and medical technologists
were included in the deployment. The Department of Health also intensified its efforts to
improve health outcomes among priority vulnerable populations nationwide through the
Universal Health Care High Impact Five (Hi-5) strategy. The regional operations strategy has as
its theme, “Sa Tuwid na Daan, Kalusugang Tuloy-tuloy para sa Pamilyang Pinoy,” and focuses on
the five critical areas of maternal care, infant care, child care, HIV/AIDS, and service delivery
network.
QUESTION: In terms of health care expenditure, how much had government and the private
sector
spent for health care. From the public sector,
QUESTION:
Explain /discuss why these 11 factors identified have contributed to the high cost of health
care.
The Department of Health (DOH) is the principal health agency in the Philippines. It is
responsible for ensuring access to basic public health services to all Filipinos through the
provision of quality health care and regulation of providers of health goods and services.
However, DOH can’t serve well all the Filipinos, which are why there’s proliferation of health
agencies mainly built by private sector. These agencies can provide quality healthcare services
with a very high cost, because of the vast amount invested by the private and also limited
access to its service and products.
Much new technology comes on the market after being tested only for safety or
whether the new treatment is comparable to existing ones or even placebos. Prices for newer
treatments are often higher than for the products they replace. Since health care is costly and
the vast majority of uninsured have limited financial means, many uninsured often cannot pay
their medical bills. Recognizing the need for and importance of health care providers that care
for those without insurance, the government has long provided support—financial and
otherwise—to help defray providers’ the costs of caring for uninsured individuals. Malpractice
premiums and jury awards are part of what drives spending. However, it is also doctors
prescribing unnecessary tests or treatment out of fear of facing a lawsuit.
Health pattern changes (Impact on HIV-AIDS, SARS, DENGUE, Zika, etc) and chronic
conditions, such as asthma, heart disease or diabetes drive up costs. And there’s additional
discover and additional medical spending. Accordingly, the rising proportion of older people is
placing upward pressure on overall health care spending in the developed world, although
other factors such as income growth and advances in the technological capabilities of medicine
generally play a much larger role.
Module B
Part 2 (Edward P. De Mesa)
In order to ensure that nurses are ready to assume new leadership roles, nursing
professional development programs need to embed traditional and nontraditional
leadership-related competencies throughout. All nurses must take responsibility for
their personal and professional growth by developing new leadership competencies and
exercising these competencies across all care settings. As human rights become
increasingly under threat it will challenge nurses’ caring and their resolve to respect
human dignity regardless of circumstances; our target populations are those who are
the most vulnerable and who need our protection and advocacy at all times. The
populations we serve are not general workers or university students who can rise up
and demand what they think they are entitled to – ours are vulnerable, compromised
peoples who rely on us as nurses to safeguard their rights. We have the power not only
to safeguard ALL their rights but to rise up and advocate for their right to access and
obtain quality health and nursing care. In the process, nurses must develop deep
intolerance towards the lack of essential equipment and supplies, to the shortage of
beds and other essentials so that a laboring woman does not suffer the indignity of
delivering her baby on a floor and then, suffer the trauma of losing her baby. With the
advent of populist leaders we as nurses should develop and repetitive tasks. Artificial
intelligence integrated into robots with “a sophisticated, human-like design” enables the
simulation of human behavior to a much higher level of refinement. Humanoids, as they
are called, are more social and personal in their interactions with people and can
demonstrate near human intelligence required in thinking and decision-making activities
areas of functioning that nursing has consistently claimed as making it different from
a task-based, vocation.
2. There are wide range of different theories and models in setting up a business, what do
you think is the best for Nurse Entrepreneurs? Discuss.
As a nurse entrepreneur i would start a business as A Hospice Nurse and A Legal
Consultant Nurse. As we know some of the best nurses love their professions. They
know that they’re making a difference in the world, and that gives them a sense of
fulfillment. Some nurses want to start a small business, but they don’t want to give up
their passion and get stuck behind a desk all day. If this is you, consider starting a
Hospice Nurse business. These nurses help patients in their own homes, providing
important care and assistance while still making an amazing living. Hospice Nurses don’t
just care for the elderly and terminally ill – they also care for those recovering from
serious athletic injuries, back injuries, and much more. The great thing about this
business is that it’s extremely scalable. You can start it off as just an independent
contractor with a single employee (yourself) with relatively low startup costs. As your
business grows, you can then hire more staff and expand your client list until you’re
making some seriously good money. Once again, this type of business is always in
demand, and so you’re almost guaranteed success.
As a Legal Consultant Nurse might just be the best course of action. There are numerous
court cases every year which call for real, qualified professionals in the medical field to
assist in legal proceedings. Courts need people like Registered Nurses to share their
expert opinions, and determine things that others just can’t understand. Veteran nurses
know when certain procedures are taken incorrectly, and who is to blame for certain
mishaps. This kind of information is very useful to the courts. This type of business is a
great option for those who have spent many years working as a nurse. Those who think
they’ve seen and done everything in a medical setting are perfect for this role. One huge
benefit of this type of business is that there are virtually zero startup costs. You’re
essentially just selling your knowledge and expertise, so very little is needed to get
started. That being said, you may need a basic knowledge of how the court system
works, and strong networking skills could prove to be essential.
3. Provide one example of an existing international nurse-led (organization or individual)
venture that can serve as an inspiration to be implemented in the Philippines that will
positively affect the industry. Discuss.
Unleashing Nurse-Led Innovation
To do this, we surveyed clinical and business leader stakeholders themselves—including
at hospitals, post-acute providers, payers, biotech and med device companies on where
they’ll find the most value from nursing by 2025. What we found is that organizations
across the system are already looking to nurses for individual-level innovation and
clinical acumen skills. But they’re missing out on the opportunity including improved
patient outcomes that comes from bringing nurses into innovation at the leadership
level. If true care transformation is to take shape, health systems and businesses must
recognize that nursing can and must extend well beyond the bedside and the
community and into the boardroom. Nurses are already leading sweeping innovations at
larger, systemic levels within clinical and business organizations. They just have to
navigate around certain roadblocks to do it. To create a consumer-centric health system
capable of addressing perplexing health issues like the opioid crisis, caring for the aging
population and chronic care management, roadblocks need to be removed and systems
must embrace nurses as leaders in innovation. Unleashed nurses innovators is a care
imperative and a business imperative. Too often, stakeholders in the health system
leave nurses completely out of the process much to their own detriment. No matter
how promising a new health technology, regulatory update or organizational process
might seem, if the nurses within a health organization or business do not find it practical
or valuable in the day-to-day patient setting, it will die on the vine. Even worse, it could
subsequently hinder patient care. Giving nurses room to claim a seat at the table
throughout the entire development process is key to greater and better patient
outcomes. We must prepare present and future nursing leaders with the knowledge and
skills they need to effectively lead in this fast-changing environment. This means
developing skills in areas like quality improvement and safety processes, broader
organizational dynamics, design thinking and business acumen.
4. Along with a good business plan, there are also blockroads in executing a new business
especially in the Philippine regulation. Pick at least five (5) among the 18 Barriers to
Business Entrepreneurship in Nursing (Colichi et al, 2018) that could interfere for its
implementation. Discuss and suggest/provide an action plan.
Barriers to Business Entrepreneur in Nursing
Hospital Care Model - in this standard, access to therapeutic tools for primary,
secondary and tertiary prevention is centralized in the hospital activity, with the
private area remaining the focus in primary care and in the prevention of
diseases. Understand which patient populations are at greatest risk of
readmissions. It is critical hospitals identify which patient populations are at
increased risk of hospital readmissions to target specific patients. Join a
readmission prevention-focused collaborative. Although they do not involve
financial incentives, collaborate can provide a way for health systems and
hospitals to team together and share best practices and strategies for preventing
hospital readmissions. Ensure patients schedule a seven-day follow-up. Medical
studies have suggested that patients who followed up with their physician within
seven days of discharge were less likely to be readmitted to the hospital. Clearly
communicate post-discharge instructions. Patient communication and education
is a critical component of readmission prevention. Effectively staff nurses during
patient care. Another study showed effective and proper nurse staffing while the
patients are still in the hospital can decrease preventable readmissions. Ensure
smooth transitional care, Transitional care could feature a transitional care team
or professional who facilitates the coordination and continuity of care for
patients as they change providers post-discharge.
Collaborative arrangements with physicians - the collaborative arrangement is
understood as the partnership between a nurse and a physician working in a
private practice, being a model required in some countries as a reimbursement
criterion. In this model, besides the difficulty of finding a physician with whom to
collaborate, the latter may charge a fee for the establishment of the
collaborative arrangement. In addition, these relationships reinforce the medico-
center model. As health care professionals assuming complementary roles and
cooperatively working together, sharing responsibility for problem-solving and
making decisions to formulate and carry out plans for patient care. Collaboration
between physicians, nurses, and other health care professionals increases team
members’ awareness of each other type of knowledge and skills, leading to
continued improvement in decision making.
Lack of technical support – since nurses are accustomed to the hospital
environment and teamwork. We avoid this by means of identify and evaluate the
problem level to pinpoint the problem immediately and quickly evaluate
whether it’s something that can potentially be solved with a simple fix or
directing customers to helpful resources like video tutorials, step by step
instructions, and user forums that provide immediate answers to common tech
problems can be a great way to speed things along.
Personal and ethical conflicts - personal values prevent the opening of
businesses related to caring for people, since profit generates ethical conflict and
make money would be incompatible with the mentality of nursing services, more
related to volunteering than to profit. Understand what constitutes a multiple
relationship, protect confidentiality, Respect people's autonomy, know your
supervisory responsibilities, Identify your client and role, Document, Practice
only where you have expertise, Know the difference between abandonment and
termination, Stick to the evidence.
Lack of corporatism among nurses - This tendency is not observed to privilege
the interests of the professional group itself, reflecting more individualistic and
less supportive attitudes.