MHA 624 Vocabulary

Front

A social science concerned with the production, consumption and transfer of goods and services.

Back

Economics

Front

A branch of economics concerned with the consumption, production and consumer behavior of healthcare.

Back

Health Economics

Front

Total market value of goods and services during a specific time.

Back

Gross Domestic Product

Front

The total amount of a specific good or service that's available.

Back

Supply

Front

The change of demand associated with the discretionary influence of providers.

Back

Supplier Induced Demand

Front

An organization's ability to control price of an item by controlling the level of supply and/or demand.

Back

Market Power

Front

Variation in per capita rates of utilization across a small geographical area for surgical and medical procedures.

Back

Small Area Variation

Front

The measure of change between two variables (mainly spending)

Back

Variation

Front

An analytical process for current/projected worth (or value) of an asset/process/good.

Back

Valuation

Front

A process where decisions are analyzed based on costs and benefits to an organization.

Back

Cost Benefit Analysis