1. In your opinion, why have economic evaluations of clinical and administrative innovations become so important tohealthcaresystem?

2. Explain how your opinion has changed around the importance of analyses inhealthcaremanagement? With many approaches to managing risk in health care, which approach would you use as a manager and why?

3. There are four main ways to assess efficiency-

1 .CMA: Cost-minimization analyses

2.CEA: Cost-effectiveness analyses

3. CUA:Cost-utilityanalyses

4. CBA:Cost-benefitanalyses

explain each, and choose the best practices for the analysis; include whom benefits the most from its use (managers, providers, insurers, academics, etc.,) and its economic impact to assess efficiency.

Reference:

Lee, R. (2015). Economics for healthcare managers (Fourth ed.). Chicago, IL: Health Administration Press