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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. Health economics is important in determining how to improve health outcomes and lifestyle patterns through interactions between individuals, healthcare providers and ...
A phenomenon known as "supplier-induced demand" happens when a provider of an item or service stimulates or produces more demand for their offering than would otherwise exist in the market. This may be accomplished in a number of ways, including marketing, price plans, or the swaying of customer preferences.
In its succinct definition, Healthcare Engineering is "engineering involved in all aspects of healthcare”. The term “engineering” in this definition covers all engineering disciplines such as biomedical, chemical, civil, computer, electrical, environmental, hospital architecture, industrial, information, materials, mechanical, software, and systems engineering.
Health technology. Health technology is defined by the World Health Organization as the "application of organized knowledge and skills in the form of devices, medicines, vaccines, procedures, and systems developed to solve a health problem and improve quality of lives". [1]
Integrated delivery system. An integrated delivery system ( IDS ), also known as integrated delivery network ( IDN ), is a health system with a goal of logical integration of the delivery (provision) of health care as opposed to a fragmented system or a disorganized lack of system. The term has sometimes been used in a broad sense with ...
In a Just-in-time manufacturing or operations context, a demand signal identifies a need for new materials and triggers a delivery from an internal store or an external supplier. The Kanban system uses cards ('Kanban cards') to mark the stock level at which a replenishment signal needs to be issued. Kanban cards are a key component of a kanban ...
Typically, this affects services more than manufactured goods, and in particular health, education, arts and culture. This effect is an example of cross elasticity of demand. The rise of wages in jobs without productivity gains derives from the need to compete for workers with jobs that have experienced productivity gains and so can naturally ...
Revenue cycle management. Revenue cycle management (RCM) is the process used by healthcare systems in the United States and all over the world to track the revenue from patients, from their initial appointment or encounter with the healthcare system to their final payment of balance. It is a normal part of health administration.