1. Assignment: issues related to monetary impact
Assignment: issues related to monetary impact ON Assignment: issues related to
monetary impactBy now I hope you realize that week by week we are addressing all of the
PEEEL disciplines.Please keep the discipline for a specific in mind when you complete the
discussion and assignments.When approaching issues related to monetary impact, it is
important to note that economics does not work in public health the way that it does in
business. This is because businesses are regulated by the nature of supply and demand.
Typically, the more demand there is for a product, the higher the price. If there is less
demand, either the price will likely reduce or the product will be taken off the market. In
public health, this is not the case. The cost of an intervention may or may not increase due
to a higher demand. Likewise, the production or implementation of interventions may not
decrease due to low profit margins. For example, even though pharmaceutical companies
made little to no money producing influenza vaccines, regulatory and governmental bodies
can mandate that these companies continue production for the common good of the general
public. Assignment: issues related to monetary impactIn this Discussion, you conduct a cost-
effectiveness analysis to determine the feasibility of interventions, which you identified in
your ”Conducting Research” assignment for your Scholar Practitioner Project. As you
approach this Discussion, it is critical to remember that public health economics is not
about making a profit. Rather, it is about the allocation of budgetary resources as a means to
promote long-term savings and positive health outcomes. As you conduct your cost-
effectiveness analysis, ask yourself the following questions: Assignment: issues related to
monetary impactHow economically feasible is the intervention?What are the long-term
savings of the intervention?How do the potential health outcomes outweigh the costs of the
intervention?To prepare for this Discussion, conduct a cost-effectiveness analysis on the
one current and one alternative intervention identified in your “Conducting Research”
assignment for your Scholar Practitioner Project. Based on this analysis, consider the costs
associated with and health outcomes of implementing each. Refer to Chapter 3 of your
course text to assist you in conducting your analysis.Bhattacharya, D. (2013). Public health
policy: Issues, theories, and advocacy. San Francisco, CA: Jossey-Bass.Chapter 3, “The Role of
Economics: Theories, Modeling, and Evaluation” (pp. 77–98)Haines, T. P., Hill, A.-M., Hill, K.
D., Brauer, S. G., Hoffman, T., Etherton-Beer, C., & McPhail, S. M. (2013). Cost effectiveness of
patient education for the prevention of falls in hospital: Economic evaluation from a
randomized controlled trial. BMC Medicine, 11, 135.Retrieved from the Walden Library
databases.Micklethwaite, A., Brownson, C. A., O’Toole, M. L., & Kilpatrick, K. E. (2012). The
2. business case for a diabetes self-management intervention in a community general
hospital. Population Health Management, 15(4), 230–235.Retrieved from the Walden
Library databases.Pierce, D. S., Sperry, J., & Nirula, R. (2011). Cost-effective analysis of
transjugular intrahepatic portosystemic shunt versus surgical portacaval shunt for variceal
bleeding in early cirrhosis. The American Surgeon, 77(2), 169–173.Retrieved from the
Walden Library databases.Wong, F. K. Y., Chau, J., So, C., Tam, S. K. F., & McGhee, S. (2012).
Cost-effectiveness of a health-social partnership transitional program for post-discharge
medical patients. BMC Health Services Research, 12(1), 479–486.Retrieved from the
Walden Library databases.Wong, J. B., Coates, P. M., Russell, R. M., Dwyer, J. T., Schuttinga, J.
A., Bowman, B. A., & Peterson, S. A. (2011). Economic analysis of nutrition interventions for
chronic disease prevention: Methods, research, and policy. Nutrition Reviews, 69(9), 533–
549.Retrieved from the Walden Library databases.By Day 4, post an explanation that
compares the costs associated with and health outcomes of each intervention. Then, explain
the intervention that you recommend, justifying your ideas with references to your cost-
effective analysis. your response with the Learning Resources and peer-reviewed sources
