Demand Theory and Its Application. Prior to engaging in this essay, please read Chapters 6 and 9 in the text. In this essay, you will be taking on the role of an associate director of a hospital who is considering the proposed opening of an urgent care clinic about 20 miles from your main campus. You have been charged with gathering demographic information that might affect the demand for the new clinic and creating a presentation that will be delivered to the hospital CEO. Consider what data might be relevant and why. What would you want to show the CEO to prove that this project would be feasible for the organization? The contents of this essay will serve as the script for a 3-5 minute presentation to the CEO on the feasibility of this project. Today’s health care landscape is placing new importance on the economics of health care. Incorporating information from the text, analyze how demand theory applies to public policy and the economics of health services. What elements, responsive to the specific health care service demands of your given population, would you want to present as you develop a microeconomic model based on this proposed opening of an urgent care clinic? The script for the presentation must include the following information: Your basic microeconomic model of the projected service/project An analysis of the role that public policy plays in terms of your provision of health care services A justification of your model The relevance of the current financial data in terms of the projected outcome of the project A compare and contrast discussion of the economic challenges and incentives related to your project The essay: Must be 600 words in length (excluding title and reference pages )and formatted according to APA style. Do not use first person voice Must address all topics/areas as described above. The course text is one of the two required resources. Additional sources must be scholarly and/or peer-reviewed sources that were published in the last 5 years and publicly accessible (include URLs for any source accessed online). Must document all sources in APA style. Must include a separate references page that is formatted according to APA style. Course Text (“Economics for health care managers, 3rd ed.”) is available from the course required resources page at https://ashford.instructure.com/courses/77124/modules/items/3900386 Please contact me through the message board for username and password for login.
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