What is the shape of the demand curve for the services you provide? (e.g. elastic, inelastic) Explain why

Pick one of the healthcare entities listed below and assume you were just hired as a healthcare manager. Using what you have learned so far about demand theory write a 4 to 5 page report (double-spaced) be mindful to use APA format for the paper and your references addressing the following questions:

  1. What is the shape of the demand curve for the services you provide? (e.g. elastic, inelastic) Explain why. Include a discussion of the implications of health insurance coverage for your services provided.
  2. Identify potential substitutes and complements and their impact on the demand curve?
  3. Explain the factors that might lead to a shift in the demand curve for your service?

Choose one of the following to discuss the questions above:

  1. Non-profit hospital
  2. Ambulatory Surgery center
  3. Pharmacy
  4. Physician’s Office
  5. Cosmetic Surgery Center
  6. Dental Office
  7. Laser Eye Center

 

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Rubric Name: Rubrics for Healthcare Economics: Assignment 2

Level Description Feedback
Outstanding

90 % or more

The student demonstrates a thorough understanding of economic issues and can answer all 3 sections of the question relevant to the analysis.

All three of the sections are accurately defined and discussed in the context of the assignment.

The student draws accurate conclusions for each of section of the question.

Writing quality: Writes clearly, concisely, and with few errors. Easy to understand.
Superior

80 % or more

The student demonstrates a reasonable but not complete understanding of economic issues and can answer two sections of the question relevant to the analysis.

Only two of the sections of the question are accurately defined and discussed in the context of the assignment.

The student draws some accurate conclusions for each section of the question. There are a few mistakes.

Writing quality: Writes with some errors but the paper can be readily understood.
Good

70 % or more

The student demonstrates a reasonable but not complete understanding of economic issues and can answer only one section of the question relevant to the analysis.

Only one of the section of the question is accurately defined and discussed in the context of the assignment.

The student draws few accurate conclusions for each section of the question. There are several mistakes,

Writing quality: paper includes numerous errors. Requires some effort to understand.
Substandard

0 % or more

The student does not demonstrate an understanding of the economic  concepts relevant to the analysis.

None of the economic sections are accurately defined or discussed.

The student’s conclusions for each section is not valid.

Writing quality: The paper is poorly written and is difficult to understand.
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