Exam 1 mha 710 economists - Study guides, Class notes & Summaries

Exam 1 MHA 710 Economists use the term marginal to describe costs and benefits - CORRECT ANSWER-that are incremental and thus relevant to decision making Self-insurance refers to the practice of setting aside funds to pay for medical care expenses instead of paying premiums to an insurance company. Approximately, how many of all employees who participate in group insurance plans work for firms that self-insure? - CORRECT ANSWER-two-thirds In spite of its early popularity, the Patient Prot...

MHA 710/ MHA710 Exam 1 Prep: (Latest 2024/ 2025) Questions and Verified Answers| Grade A| 100% Correct Q: How does healthcare spending per person in the US compare to other countries? Answer: US spends far more per person on healthcare than any other large countries. Q: How does US life expectancy at birth compare to other countries? Answer: 27 out of 34 of the OECD countries (bad!) Q: Has the US achieved the same increases in life expectancy relative to their change...

MHA 710/ MHA710 Exam 2 Prep: (Latest 2024/ 2025) Questions and Verified Answers| Grade A| 100% Correct Q: Which of the following measures of effectiveness is an intermediate measure? Answer: Hip fracture - Intermediate measures are events that the treatment is designed to delay or avoid. Intermediate measures include heart attack, stroke, hip fracture, recurrence of disease, and death. The other options are surrogate measures that examine the clinical effect of a treatment. Q...

Exam 1 MHA 710 Economists use the term marginal to describe costs and benefits - CORRECT ANSWER-that are incremental and thus relevant to decision making Self-insurance refers to the practice of setting aside funds to pay for medical care expenses instead of paying premiums to an insurance company. Approximately, how many of all employees who participate in group insurance plans work for firms that self-insure? - CORRECT ANSWER-two-thirds In spite of its early popularity, the Patient Prot...

MHA 710 Exam #2 Questions With Correct Answers The direct costs in an economic evaluation include the all the following except: - answerreduced productivity at work. When measuring effectiveness of a treatment, surrogate measures reflect clinical efficacy and include: - answerbone-mass density (BMD) Researchers estimate QALY in a number of different ways. One popular approach is called the: - answerstandard gamble The standard cut-off for cost per QALY is __________ per capita income. - ...

MHA 710 Exam 1 | 100% Correct Answers | Verified | Latest 2024 Version What is "economics"? - A Map for decision making. Economics analyzes the allocation of scarce resources. What are some of the specific challenges faced by managers in healthcare? - 1. The central roles of risk and uncertainty 2. The complexities created by insurance 3. The perils produced by information asymmetries 4. The problems posed by not-for-profit organizations 5. The rapid and confusing cours...

MHA 710 Exam 1 questions and answers latest top score. What is "economics"? - correct answer.A Map for decision making. Economics analyzes the allocation of scarce resources. What are some of the specific challenges faced by managers in healthcare? - correct answer.1. The central roles of risk and uncertainty 2. The complexities created by insurance 3. The perils produced by information asymmetries 4. The problems posed by not-for-pr...

MHA 710 Exam 2 Questions & Answers!! The direct costs in an economic evaluation include all of the following except When measuring effectiveness of a treatment, surrogate measures reflect clinical efficacy and include Which of the following measures of effectiveness is not a surrogate measure? The intangible costs associated with reduced quality of life include Suppose that you are asked to use the standard time trade-off approach to measure quality of life and are given the following infor...