Health Economics And Financial Management: An Overview

Bridge the gap between economics and healthcare with our expert-led course on health economics and financial management!

What you'll learn
The concept and scope of health economics.
Fundamental macroeconomic concepts like demand, supply, and elasticity.
Financial management strategies for healthcare systems.
The structure and functioning of health insurance programs in India.
Key challenges and solutions in private and community health insurance.

Requirements
Basic understanding of economics and healthcare is beneficial but not required. An interest in the intersection of economics and health systems.

Description
Introduction:The healthcare industry is a vital component of any nation's economy. This course combines fundamental economic concepts with practical insights into health system financial management. Learn about demand and supply in macroeconomics, delve into the intricacies of health insurance, and understand the financial dynamics of healthcare systems in India. Perfect for professionals and students aiming to excel in the interdisciplinary field of health economics.Section-Wise Write-Up:Section 1: Introduction to Health EconomicsThis section introduces the fundamentals of economics with a focus on health. Gain a solid foundation by exploring the concept of health economics and its implications on decision-making in the healthcare sector. This sets the stage for a deeper dive into macroeconomic principles.Section 2: Basic Macroeconomic ConceptsUnderstand core economic concepts like demand, supply, elasticity, and market structures. Lectures cover the law of demand, its exceptions, cross elasticity, and the dynamics of supply. Additional topics include the mechanics of market economies, monopolies, and the critical process of demand forecasting, essential for strategic healthcare planning.Section 3: Financial Management in Health SystemsExplore the financial intricacies of health systems management. Learn how resources are mobilized, wasteful expenditures are curtailed, and what the specific requirements are for an efficient health system in India. This section is a must for anyone looking to optimize healthcare resource allocation.Section 4: Health InsuranceDelve into the world of health insurance, starting with its meaning, essentials, and basic elements. Explore various health insurance programs like CGHS, ESIS, UHIS, RSBY, and private insurance schemes. Lectures also address the performance, issues, and challenges of private and community health insurance programs, equipping you with a holistic view of the sector.Conclusion:Health economics is a dynamic and critical field that requires a blend of economic knowledge and healthcare expertise. This course provides a comprehensive understanding of macroeconomic principles, financial health management, and health insurance systems, empowering students to make informed decisions in the healthcare industry.