Instructor Resources: Test bank; PowerPoint slides; an instructor guide with a lesson plan for each chapter, answers to the study questions, and guides to the case studies; and a transition guide to the new edition.

Healthcare executives are often inundated with information, yet they frequently lack the crucial data needed to make sound decisions. The study of economics provides a road map for focusing on relevant information and weighing advantages and costs to achieve the greatest net benefit.

Economics for Healthcare Managers presents fundamental economic concepts and applies them to current policy and management challenges. It uses straightforward explanations and real-life examples to make economics understandable and practical. The topics it addresses reflect the challenges faced by healthcare managers, such as market demand, profitability, risk, and regulations.

This thoroughly updated edition includes the latest research and data and addresses the effects of the COVID-19 pandemic. Also new in this fifth edition are the following subjects:

• An in-depth examination of the effects of the Affordable Care Act
• Three new cases that explore efforts to improve population health
• Streamlined discussion of elasticities, with a focus on their use in forecasting
• Expanded coverage of risk management

The numerous cases, discussion questions, and activities in Economics for Healthcare Managers provide readers with myriad opportunities to apply essential economic concepts while learning how various healthcare organizations operate.