100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
logo-home
ECS3710 ASSIGNMENT 2 SEMESTER 2 2024 Watch video 2.2 in Lesson 2 and discuss the main issues about supplier-induced demand in South Africa. (10) Question 2: You are the manager of a private hospital that is part of an oligopoly in a local healthcare mar €3,80   In winkelwagen

Essay

ECS3710 ASSIGNMENT 2 SEMESTER 2 2024 Watch video 2.2 in Lesson 2 and discuss the main issues about supplier-induced demand in South Africa. (10) Question 2: You are the manager of a private hospital that is part of an oligopoly in a local healthcare mar

 20 keer bekeken  1 keer verkocht
  • Vak
  • Instelling
  • Boek

ECS3710 ASSIGNMENT 2 SEMESTER 2 2024 Watch video 2.2 in Lesson 2 and discuss the main issues about supplier-induced demand in South Africa. (10) Question 2: You are the manager of a private hospital that is part of an oligopoly in a local healthcare market. Using the kinked demand curve, demo...

[Meer zien]

Voorbeeld 3 van de 25  pagina's

  • 9 september 2024
  • 25
  • 2024/2025
  • Essay
  • Onbekend
  • A+
avatar-seller
BMZ ACADEMY




BMZ ACADEMY




@061 262 1185/068 053 8213



BMZ ACADEMY 061 262 1185/068 053 8213

, BMZ ACADEMY


Table of Contents

Question 1: Watch video 2.2 in Lesson 2 and discuss the main issues about supplier-induced
demand in South Africa. (10)................................................................................................. 6

Supplier-Induced Demand (SID) in South Africa ................................................................... 6

Main Issues Related to SID in South Africa ........................................................................... 6

Overtreatment and Overutilization of Services .................................................................. 6

Increased Healthcare Costs .............................................................................................. 6

Lack of Regulation and Monitoring .................................................................................... 7

Imperfect agency............................................................................................................... 7

Asymmetric Information..................................................................................................... 7

Medical Aid Schemes and SID .......................................................................................... 8

Impact on Health Outcomes .............................................................................................. 8

Question 2: You are the manager of a private hospital that is part of an oligopoly in a local
healthcare market. Using the kinked demand curve, demonstrate how you might respond to a
competitor’s decision to lower prices. What strategies would you use to maintain your market
share? (10) ........................................................................................................................... 9

Using the Kinked Demand Curve in an Oligopolistic Healthcare Market ................................ 9

Kinked Demand Curve ...................................................................................................... 9

Upper Segment of the Curve (Elastic Demand) ............................................................... 10

Lower Segment of the Curve (Inelastic Demand) ............................................................ 10

Responding to a Competitor’s Price Reduction ................................................................... 11

Avoid Price Matching ...................................................................................................... 11




BMZ ACADEMY 061 262 1185/068 053 8213

, BMZ ACADEMY

Enhance Non-Price Competition ..................................................................................... 11

Targeted Marketing and Branding ....................................................................................... 11

Patient Segmentation ...................................................................................................... 11

Branding as a Premium Service ...................................................................................... 11

Introduce Value-Added Services ..................................................................................... 12

Patient Convenience ....................................................................................................... 12

Improve Operational Efficiency........................................................................................ 12

Collaborate with Insurers................................................................................................. 12

Question 3: Imagine yourself as a hospital administrator faced with choosing to outsource the
hospital's cleaning services to an external company or continue using in-house staff. Apply
transaction cost economics to help you decide. (20) ........................................................... 12

Transaction Cost Economics Overview ........................................................................... 13

Bounded Rationality ........................................................................................................ 13

Opportunism ................................................................................................................... 14

Asset specificity............................................................................................................... 14

Application of TCE to the Decision ...................................................................................... 15

Production and Direct Costs................................................................................................ 15

Outsourcing..................................................................................................................... 15

Cost Reduction ............................................................................................................... 15

In-house .......................................................................................................................... 16

Labor management ......................................................................................................... 16

Flexibility ......................................................................................................................... 16



BMZ ACADEMY 061 262 1185/068 053 8213

Voordelen van het kopen van samenvattingen bij Stuvia op een rij:

Verzekerd van kwaliteit door reviews

Verzekerd van kwaliteit door reviews

Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!

Snel en makkelijk kopen

Snel en makkelijk kopen

Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.

Focus op de essentie

Focus op de essentie

Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper BMZAcademy. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €3,80. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 73918 samenvattingen verkocht

Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen

Start met verkopen
€3,80  1x  verkocht
  • (0)
  Kopen