Economics and finance in medical quality management

1Citations
Citations of this article
4Readers
Mendeley users who have this article in their library.
Get full text

Abstract

Improvements in medical care and its delivery comes at a price. Quality professionals are tasked with assessing the value of the programs they implement and, for their superiors, whether that value is worth the cost of completing the program. They need to present the results in a convincing and clear way. The value of quality must be condensed into understandable and relatable economic terms that the organization and society as a whole will understand and accept. This chapter reviews the fundamentals of economics, finance, and politics of medical quality and illustrates how these three fields interact and can be used by the reader to prepare and defend the business case for quality. The information within this chapter is intended to introduce basic concepts that can be useful regardless of which direction the system will move in the next 5 years.

Cite

CITATION STYLE

APA

Fetterolf, D., & Shah, R. K. (2020). Economics and finance in medical quality management. In Medical Quality Management: Theory and Practice: Third Edition (pp. 197–244). Springer International Publishing. https://doi.org/10.1007/978-3-030-48080-6_9

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free