Introduction to Health Economics For the Medical Practitioner
Kernick, D. (2003). Introduction to Health Economics For the Medical Practitioner. British Medical Journal, 79-929.
Purpose
This article overviews the application and basic principles of health care economics. Secondary to the general principles of health economics, it examines economic evaluation.
Strengths and Weaknesses
Strengths:
- Addresses issues related to increasing consumer awareness
- Assists in organizing and financing health care
- Assesses benefits and costs of different health care interventions
Weaknesses:
- Does not effectively account for different professional perspectives
- Widely contested analytical tool within the health care community
Description
The article compared and contrasted different types of health care economic models. The focus of the paper is a general overview of health care economics and not a specific resource for the execution of any particular model. The article is a general baseline to assist in understanding the principles of why analysis is important and how it is used.
Uses
Cost Utility Analysis may be used to address both cost and possible benefits related to a health care intervention. It is beneficial to help compare different areas of treatment and their programs.
Comparison
This article provides a very basic ideology behind health care economics. It does not present any strong opinions either way about any specific principle. The publication appears unbiased and demonstrates a factual presentation of principle rather than a suggestion of how or what to use within the professional industry.
Most Informative
The most informative element of this article is the comparison of many different analytical methods used for heath care economics. It is beneficial to consolidate the different methods in one location to be able to determine in which scenarios to use each one.
Source Author
Dr. Kernick is a staff member at the St. Thomas Health Centre, United Kingdom. Also, he serves at the Peninsula College of Medicine and Dentistry. Dr. Kernick has several post-graduate degrees in the healthcare field such as: BSc, MD, FRCGP, DA, DCH, DRCOG. As the author of this article, Dr. Kernick has more than sufficient education and knowledge regarding the subject matter and is a reliable source for the healthcare economic related topics.
Source Reliability
According to the Dax Norman Trust Evaluation Worksheet for online sources, the source has a High Reliability rating.
Sources Cited
The author listed the following sources for this article:
· Armstrong, R. A., Brickley, M. R., Shepherd, J. P. and Kay, E. J. (1995) Healthy decision-making: a new approach in health promotion using health state utilities, Community Dental Health, 12, 8–11.
· Kernick D. Getting health economics into practice. Abingdon: Radcliffe Press, 2002.
· Jefferson T. Elementary economic evaluation. London: BMJ Books, 2000.
· Donaldson C. Evidence based health economics. London: BMJ Books, 2002.
· The BMJ Health Economics Collection: www.bmj.com/cgi/collection/health_economics.
Critique Author
Mark L.
Mercyhurst College, Erie PA,
Advanced Analytic Techniques Course
February 5, 2011
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