For physicians to successfully function in today’s complicated health environment, it is important for the physician to understand the economics and strategies employed in the health sector and the implications of those strategies on the provider individually and as a provider community collectively.

In order to address knowledge gaps, the course will cover or illustrate the following:

• The demand for and supply of health insurance, including strategies to mitigate moral hazard and adverse selection and to increase rates of quality-based effective care. 
• Cost effectiveness of a new medical intervention and suggest profit-maximizing ethical practices. 
• Examine the demand for medical products, including biologics, devices and pharmaceuticals. 
• Examine how hospitals compete and the impact of specialty hospitals. 
• Compare health systems from around the world and draw lessons for health system change.