This paper applies the economics analytical model, known as the "marginal analysis model", to the health care industry.
Written in 2004; 1,455 words; 5 sources; APA; $ 48.95
Paper Summary:
This paper explains marginal analysis is the quantification of the time taken to serve the patient as the basis of cost, and any additional incurring dollars in this time frame are considered the marginal cost. The author stresses that, in health care organizations, there is no standardized service; therefore, quantifying health care service has become a great issue, and the marginal analysis method has become one of the keys for detecting the overall outcome of servicing each patient. The paper stresses that health care organizations run the risk of high costs and investments when they do not monitor operational costs through marginal analysis, which detects unnecessary costs associated with the patient care.
Table of Content
Introduction
Marginal Analysis
Purpose Statement
Discussion / Literature Review
Conclusion
From the Paper:
"On the other hand, the marginal benefit is the additional benefit or benefits that are derived from one more unit produced. Benefits therefore can be quantified by the units of utility or satisfaction level in dollar value. It can also be noted that marginal benefit or the satisfaction level gradually falls with each additional unit. This is because when there is an increase in the units that one consumes, satisfaction level decreases and hence there is a less demand for it. The level of efficiency of an organization is very much dependent on the management's ability to manage the resources to maximize production and hence to maximize the utility of the unit cost."
We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper you download are top-quality, competitively priced and high-level work.
This Free Term Paper Abstract is a part of our Term Paper Library.Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "Marginal Analysis and Health Care", Essays on "Marginal Analysis and Health Care", Research papers on "Marginal Analysis and Health Care", Student papers on "Marginal Analysis and Health Care", Book reports on "Marginal Analysis and Health Care", Dissertation on "Marginal Analysis and Health Care", Thesis on "Marginal Analysis and Health Care", Summary of paper on "Marginal Analysis and Health Care", Articles written on "Marginal Analysis and Health Care".
Look for more research papers, essays and book reports on