Health Economics for Hospital Management Shuvendu Bikash Dutta
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1Health Economics for Hospital Management2
3Health Economics for Hospital Management
Shuvendu Bikash DuttaBHMS PGDHHM MAHA Head Department of Hospital Management Genesis Institute of Management and Technology Healthcare and Hospital Consultant Kolkata, West Bengal, India
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This book has been published in good faith that the contents provided by the author contained herein are original, and is intended for educational purposes only. While every effort is made to ensure accuracy of information, the publisher and the author specifically disclaim any damage, liability, or loss incurred, directly or indirectly, from the use or application of any of the contents of this work. If not specifically stated, all figures and tables are courtesy of the author. Where appropriate, the readers should consult with a specialist or contact the manufacturer of the drug or device.
Health Economics for Hospital Management
First Edition: 2014
Printed at
5Dedicated to
The two most influential persons in my life: My mother who raised me and my father who inspired me. Rupa Dutta and Shyama P Dutta
Economics is concerned with the alternative use of resources; and, when it is applied in health, we are concerned with how efficiently we can utilize our 3M resources (Man, Material and Money). I mean the human resource, material and the financial resources. Here, in heath, technological resources also play an important role. Every health care worker irrespective of the job profile what he/she does must be acquainted with the basic concepts of economics and its application to health sector in order to manage health care organizations and health care delivery system efficiently.
This publication provides an introduction to health economics for health professionals and students with no previous economics background. It aims to present basic concepts of economics in a clear manner and to demonstrate their potential application to the health sector, particularly within developing countries.
This book is prepared in line with the set curriculum, which is currently used in different universities and healthcare management training institutes. The material in this book is compiled from different books/journals that are published by different authors, my college lecture notes and from the Internet.
Most books in this field emphasize only on some detailed and specific aspects of health economics. I have tried to cover the entire syllabus. The objective of writing this book is, therefore, to improve the basic concepts of economics and their application to the health sector and not to give an exhaustive knowledge about the subject.
Concepts, ideas and examples in this book will help to serve as working material so that students, health care professionals and others could understand and apply basic ideas of economics to health sector. Any suggestions and comments for improvement will be highly appreciated and acknowledged.
Shuvendu Bikash Dutta
The compiling of this book was made possible through the teaching and learning process of “Health Economics” at my institute [Indian Institute of Social Welfare and Business Management (IISWBM)] and in university-affiliated colleges where I am a faculty. Therefore, I extend my heartfelt gratitude to all my teachers and those lecture notes which served as a source for this book.
I would also like to extend my deepest gratitude to all my previous senior authors and writers on this subject whose works had helped me a lot in preparing the structure and made me possible in completing this book.
I also extend many thanks to all my fellow colleagues and to my numerous graduate and postgraduate students in giving me continuous thrust and inspiration in writing this book. Their willingness to use and help revise the work, will benefit countless other students in the future.
I would like to express my thanks to my institute for providing a platform in accomplishing the work.
Finally, I could have never completed the book without the support and understanding of my family. Thank you all for your love and patience.