This website uses cookies to ensure you have the best experience. Learn more

Terms Comparison Paper

852 words - 4 pages

Terms Comparison Paper
HCS 552
June 9, 2013

Terms Comparison Paper
Economics is the study of how people make choices when they want to utilize resources (American Economic Association, 2011). Thus, this fundamental process links economics and health care, as health care professionals use economic principles in their everyday professional behaviors. Health care organizations strive to use the same concept of economics when they choose how to allocate resources and plan how to use them because it is essential to their survival. Therefore, health care and economics are connected in the sense of sharing the same terms such as resources, quality, and cost. The objective of this paper is ...view middle of the document...

Because economics is about making best choices, every decision to produce, buy or sell is influenced by the quality of the product (Bowbrick, p. 1, 1992). People always search for the best quality of product. In healthcare, quality is considered the supreme need for a sick or hurt patient who wants to live healthy and with no pain. Therefore, health care organizations strives to provide health care services at the right time, using the appropriate treatments, tests, and procedures in order to achieve the best possible results (Agency for Healthcare Research and Quality, 2005). This term usage is thus similar for economic as it is for healthcare as it is used to refer to the best of something.
Nothing we get or produce is for free. Every product or service produced has a cost. In economics cost is defined as the sacrifice or funds involved in performing an activity, making a product or following a decision or course of action. While cost in health care means the funds that the patient needs to be able to access and receive health care services. Thus, the term of cost is different as used in economics as compared to healthcare.
Analyzing costs is very essential for the organization to survive. Decision makers, economists, managers, and health care providers analyze costs with respect to resources and quality. For example, a health care organization wants to implement an electronic medical record (EMR). Therefore, they must first allocate the resources needed to successfully implement, will the implemented EMR achieve the quality expected, and will the cost be acceptable as it will increase the revenue in the future. In other words, is it worth it? This is the decision that...

Other Papers Like Terms Comparison Paper

Synthesis Summary Essay

771 words - 4 pages to have sufficient themes/points of focus to compare and contrast. Synthesis assignment 1. Students will summarise each of the two articles independently in no more than 150-200 words Reference detail is to be included in APA format. 2. Synthesize both summaries in approximately 250-300 words, using the preferred strategy of comparison and contrast.  These techniques will enable students to examine two subjects (or sources) in terms

Nurse Essay

896 words - 4 pages there are various categorization of learners that are Visual, Auditory, Reading/writing, Tactile Kinesthetic. The writer of this paper belongs to the multimodal that is using more than one learning styles. Combining different method of learning information can be helpful for multimodal learning style. This paper give reader information about multimodal learning styles, strategies, comparison of multimodal with other identified strategies and


1081 words - 5 pages Stylistics: Avoiding Bias APA Stylistics: Basics APA Headings and Seriation APA PowerPoint Slide Presentation APA Sample Paper APA Tables and Figures 1 APA Tables and Figures 2 APA Abbreviations Statistics in APA APA Classroom Poster APA Changes 6th Edition OWL Mail APA FAQs Giving to the OWL Suggested Resources -MLA Guide -APA Guide -How to Navigate the New

Wired World

1023 words - 5 pages businesses in a typical developing country which uses ICT and those that do not.” This basically shows how supremely important it is for any country to invest heavily in augmenting its internet and technological facilities. Many third-world countries are behind in terms of ICT facilities in comparison to the first-world counterparts. And thus, they seem incredibly behind and left out of the technological race. Works Cited Brick, M. (2014

Understanding Mythology

1063 words - 5 pages about gods, goddesses, and heroes. In the early days each society urbanized its own myths, which played a significant part in the society’s religious life. Most myths are alienated into two groups’ creation myths and explanatory myths. In this paper I will incorporate and conclude the three theories of mythology as well as the comparison of the questions about myths, but each contributes to an understanding of the subject. Today, people have

Artic Mining Consultant

1583 words - 7 pages . • Recommendations critically evaluated in terms of challenges, limitations, etc. References (10%) • In-text citations and references used appropriately throughout the paper and follow Academy of Management Journal style guidelines. • In-text citations and references are consistent (i.e., all in-text citations are included in reference list and vice versa; reference list includes all sources used in paper). • Academic references meet the minimum

Comparison Paper- Crabb


Decision Making Process Paper

621 words - 3 pages Decision Making Process Paper Your Name Date MGT230 Instructors Name Decision Making Process Paper Upon completion of my Associates of Arts degree program in business I was unsure what I should do next. I wondered if I should continue my education with the hope of having a better chance at getting a good career one day, and if so, should I continue at the same college. I didn’t know it at the time, but I used the first

Understanding Business Research

923 words - 4 pages Understanding Business Research Terms and Concepts Elishia Brown RES/351 December 15, 2014 Dr. Annette West Understanding Business Research Terms and Concepts Business research takes on many forms and has many facets. The focus of business research is to determine why and how things happen. This paper will delve into the two general approaches to research, qualitative and quantitative. We will identify the strengths and weaknesses of

Market Structures & Maximizing Pro

783 words - 4 pages , monopolies, and oligopolies. This paper will break the wrong assumptions that there is competition in every market. It will also help to understand the following four questions. What the characteristics of each market structure consists of? How is price determined in each market structure in terms of maximizing profits? How is output determined in each market structure in terms of maximizing profits? What are the barriers to entry, if any

Are The Social Sciences Really Inferior?

2321 words - 10 pages constancy of numerical relationships. However, the way the author of this paper sees it, these advantages are mere benefits that the natural sciences enjoys and these vantage point does not entail that the natural sciences are superior to the social sciences in any manner. On the second thought, the author of this paper thinks that there is no point of comparison between the two sciences at hand. This is because of the reason that the one is not an

Related Essays

Creating A Successful Rfp (Request For Proposal) Assignment

1353 words - 6 pages have applied more usage of relevant terms from the textbook into their paper. Discussed Pros & Cons of Technology: Student did some contrast and comparison and briefly discussed arguments for “both sides” of the implementation and/or consideration of the technology being discussed/proposed. BUT student could have explored and discussed argument for the pros and cons of the technology being discussed/proposed in more detail. Citation/Sources

Word Of Mouth Marketing Effect On B2 C Sales

318 words - 2 pages Summary of Project Title of Paper Word of Mouth marketing effect on Business to Consumer (B2C) Sales Name of Student Dean Hennessy Sources of Information For my sources of information I used a number of library resources such as the online databases that include Business Source Complete and the Emerald Management Database and I found a number of peer reviewed journals in the field of word of mouth marketing (WOMM) and how it affects B2C

Operation Managemnt Essay

3440 words - 14 pages of operations is crucial. It is normally not adequate to know which week or month a certain action should be taken, it has to be defined in terms of days or hours. The operative planning is normally distributed to the different facilities or cells of the facilities because of the enormous quantity of data that needs to be manipulated at that level. One operative problem is the roll cutting problem in paper mills. Once the reel (or tambour) has

A Comparison Of The Articles "The Performance Implications Of Dynamic Capabilities: The Case Of Product Innovation" And "Absorptive Capacity, Environmental Turbulence, And The Complementarity Of...

3084 words - 13 pages processes have direct and significant impact on innovation performance as shown in the studies. 3.6 Key Term Comparison This section compares the key terms in both papers, absorptive capacity in the paper from 2009 and dynamic capability in the paper from 2012, and shows the strong connection between the two terms since Lichtenthaler uses them as the topics of the two papers. From the findings in another paper it is made obvious that "absorptive