healthcare economics

Healthcare economics studies how resources are allocated within the health system to improve health outcomes. It involves analyzing costs, benefits, and funding of medical services, insurance, and pharmaceuticals to ensure efficient use of limited resources. This field helps determine the most effective ways to deliver care, control expenses, and improve patient access. By understanding supply and demand, cost-effectiveness, and policy impacts, healthcare economics guides decisions that balance quality care with affordability, ultimately aiming to optimize health benefits across populations within financial constraints.