DQ 7-2

7

-

2 Responses

1.

For this discussion forum, I would like to share a great example that involves my area of

expertise in nursing with the pediatric population. The pediatric visits are highly influenced by

what hospitals like to call the respiratory season. The respiratory

season starts in October with

the beginning of flu shots and finishes between March and April when winter starts fading away.

This season is considered the most affluent, busy, and prosper, economically wise, of all times

for pediatric hospitals due to the

high number of kids that get sick during this time. Some of the

services provided during this time are placing kids in respiratory aid such as High

-

flow, Bipap,

and intubation. Other frequent interventions during this period are giving preventive shots,

s

teroids, and medications, which are provided to patients nonstop.

Hospitals are not the only ones that get a terrible amount of patients, quick care, and urgent care

also remained busy until further care and improvement are needed, making prices in some pl

aces

to rise and in some other instances, decrease due to the higher need and being the only place

where they can access to these services. These are some of the reasons, I choose this example to

embody the change that is caused by the long run average cos

t curve to shift down because it can

produce more by putting the same amount of input and like mentioned before prices will fall, but

losing money or business is never on the table.

Thanks

Referenc

e

Cleverley, W. O., & Cleverley, J. O. (2018). Essentials o

f health care finance. Burlington, MA:

Jones & Bartlett Learning.

2.

For some reason, and I’m ok to admit it, I’m very confused by what a long

-

run average cost

curve is all about. I will give the best answer on what I feel is appropriate from my

understandi

ng of the concept. According to Hicks (2014) Long

-

Run Cost Curve is “The relation

between the cost of production and volume of output or scale of plant for a period during which

all inputs, including capital equipment, have sufficient time to vary.” If I

understand this

correctly, my bet example would be from my experience in our local oncology unit. Our new

service line of oncology which our hospital entered as of the end of April has seen much change.

We started off with one physician who is supporting e

ight staff members. Our oncologist began

only seeing follow

-

up patients from the previous organization that left the community abruptly.

Now, we are seeing follow

-

ups, new patient referrals and have now started administering

chemotherapy even though it’s n

ot under ideal circumstances. As we have started with our

growing pains, our long

-

run average cost curve is now on a downward curve as we are adding

more services and our demand for services is up.

7-2 Responses

1.

For this discussion forum, I would like to share a great example that involves my area of

expertise in nursing with the pediatric population. The pediatric visits are highly influenced by

what hospitals like to call the respiratory season. The respiratory season starts in October with

the beginning of flu shots and finishes between March and April when winter starts fading away.

This season is considered the most affluent, busy, and prosper, economically wise, of all times

for pediatric hospitals due to the high number of kids that get sick during this time. Some of the

services provided during this time are placing kids in respiratory aid such as High-flow, Bipap,

and intubation. Other frequent interventions during this period are giving preventive shots,

steroids, and medications, which are provided to patients nonstop.

Hospitals are not the only ones that get a terrible amount of patients, quick care, and urgent care

also remained busy until further care and improvement are needed, making prices in some places

to rise and in some other instances, decrease due to the higher need and being the only place

where they can access to these services. These are some of the reasons, I choose this example to

embody the change that is caused by the long run average cost curve to shift down because it can

produce more by putting the same amount of input and like mentioned before prices will fall, but

losing money or business is never on the table.

Thanks

Reference

Cleverley, W. O., & Cleverley, J. O. (2018). Essentials of health care finance. Burlington, MA:

Jones & Bartlett Learning.

2.

For some reason, and I’m ok to admit it, I’m very confused by what a long-run average cost

curve is all about. I will give the best answer on what I feel is appropriate from my

understanding of the concept. According to Hicks (2014) Long -Run Cost Curve is “The relation

between the cost of production and volume of output or scale of plant for a period during which

all inputs, including capital equipment, have sufficient time to vary.” If I understand this

correctly, my bet example would be from my experience in our local oncology unit. Our new

service line of oncology which our hospital entered as of the end of April has seen much change.

We started off with one physician who is supporting eight staff members. Our oncologist began

only seeing follow-up patients from the previous organization that left the community abruptly.

Now, we are seeing follow-ups, new patient referrals and have now started administering

chemotherapy even though it’s not under ideal circumstances. As we have started with our

growing pains, our long-run average cost curve is now on a downward curve as we are adding

more services and our demand for services is up.