Version 1
: Received: 30 October 2023 / Approved: 30 October 2023 / Online: 30 October 2023 (10:27:36 CET)
How to cite:
Munshi, C.; Chakravorty, R. Economic Management in Healthcare: A Critical Issue to Understand. Preprints2023, 2023101861. https://doi.org/10.20944/preprints202310.1861.v1
Munshi, C.; Chakravorty, R. Economic Management in Healthcare: A Critical Issue to Understand. Preprints 2023, 2023101861. https://doi.org/10.20944/preprints202310.1861.v1
Munshi, C.; Chakravorty, R. Economic Management in Healthcare: A Critical Issue to Understand. Preprints2023, 2023101861. https://doi.org/10.20944/preprints202310.1861.v1
APA Style
Munshi, C., & Chakravorty, R. (2023). Economic Management in Healthcare: A Critical Issue to Understand. Preprints. https://doi.org/10.20944/preprints202310.1861.v1
Chicago/Turabian Style
Munshi, C. and Ranita Chakravorty. 2023 "Economic Management in Healthcare: A Critical Issue to Understand" Preprints. https://doi.org/10.20944/preprints202310.1861.v1
Abstract
The healthcare system is intricate and dynamic. For the purpose of organising and planning a system, where allocating funds appropriately is essential and therefore managerial skills play a critical role. A certain portion of each nation's GDP is allotted to the health sectors. Managers and decision-makers in the healthcare systems are using resources effectively, yet the quantity of funding they receive from the government or other stakeholders is insufficient sometimes. A sound understanding of both basic and advanced economics is necessary for the care management, to make cost-effective judgements in public health. Healthcare officials at all levels (regional, state, federal, or international), need to be knowledgeable about public health issues and the related modern economic climates. Business executives and healthcare managers need effective practical knowledge to handle partner-financial allocation (demand-supply chain) and handle economic volatility.
Keywords
Health economics; Healthcare finance; Financial system
Subject
Public Health and Healthcare, Health Policy and Services
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
