Difference between healthcare economics and healcare finance.
Discipline: Nursing
Type of Paper: Essay (any type)
Academic Level: PhD
Paper Format: APA
Pages: 1
Words: 275
Question
How is healthcare economics different from healthcare finance? Provide an example from your local practice.
One hospital charge $5,000 for a routine appendectomy while another hospital in the same community charges $12,000 for a routine appendectomy. Explain what economic factors influence the price setting at each facility and what also accounts for the difference in prices.
