Healthcare economics

Healthcare Economics

Healthcare economics (pronunciation: /ˈhelθˌker iːkəˈnɒmɪks/) is a branch of economics that deals with issues related to efficiency, effectiveness, value, and behavior in the production and consumption of health and healthcare.

Etymology

The term "healthcare economics" is derived from the words "healthcare" and "economics". "Healthcare" is a compound word from "health" and "care", while "economics" comes from the Greek word "oikonomia", meaning "household management".

Related Terms

• Health Economics: A branch of economics concerned with issues related to efficiency, effectiveness, value, and behavior in the production and consumption of health and healthcare.
• Healthcare Industry: An aggregation and integration of sectors within the economic system that provides goods and services to treat patients with curative, preventive, rehabilitative, and palliative care.
• Healthcare Policy: The plans, decisions, and actions that are undertaken to achieve specific healthcare goals within a society.
• Healthcare System: The organization of people, institutions, and resources that deliver healthcare services to meet the health needs of target populations.
• Healthcare Financing: The mobilization of funds for health care, the allocation of funds to regions and population groups and for specific types of health care, and the management of these funds.

See Also

• Healthcare Management
• Healthcare Quality
• Healthcare Reform
• Healthcare Technology

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