Medical Economics

Medical economics is the study of how resources are allocated and used in healthcare systems. It examines costs, value, and the effectiveness of medical treatments and services. By analyzing factors such as supply and demand, patient outcomes, and healthcare policies, it helps to understand the financial aspects of delivering care. The goal is to improve healthcare efficiency, access, and affordability while ensuring quality patient care. Ultimately, medical economics informs decision-making for providers, payers, and policymakers to enhance the overall health system's performance.