ECON300: FINAL PROJECT
Review the health care profession scenario that begins on the following page. You must create an executive summary identifying:
This assignment is due at 11:55 pm (EST) on Sunday of Week 10.
The Board of Directors at the Hondros Clinic is considering how to prepare for the oncoming implementation of the Affordable Health Care Act. Some of the Directors believe that the Affordable Health Care act will cause a nationwide increase in demand for health care services. In order to meet this increased demand, these directors feel that they should expand services. Here are some of their proposals:
• Expand capacity – Build a new health care facility. • Fill current capacity – Hire more nurses and doctors and provide more medical services at the current clinic • Expand outreach services – Initiate in-home nursing programs and hire part time or contractual nursing staff to perform the services
• Expand capacity – Build a new health care facility. • Fill current capacity – Hire more nurses and doctors and provide more medical services at the current clinic • Partner with retail pharmacies and open mini-clinics within their stores
• Increase Research and Development efforts • Partner with nursing schools through grants and other subsidies to attract new talent
Support or refute each of the board member recommendations using economic concepts, tools, and conventions.
Here is a list of some of the concepts, tools and conventions that you can use:
• Demand & Supply • Elasticity • Cost-benefit Analysis • QALY • DALY • Fixed & Variable Costs Structures • Insurance Cost Factors • Demographics of Health Care Consumers • Health Care Industry Structure • GDP
It is highly recommended that you use “The Future of Nursing: Leading Change, Advancing Health” as a primary research source
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