Econ jeopardy

Avoid waste of equipment, supplies, ideas, and energy

Avoid waste of equipment, supplies, ideas, and energy

efficient

Reduce waits and delays for those who give and receive care

timely

Provide care that is respectful of and responsive to individual preferences, needs, and values

patient -centered

Avoid underuse and overuse

effective

Care quality does not vary based on personal characteristics such as race, gender, socioeconomic status

equitable

A measure of an organization’s capacity or systems, such as provider to patient ratio

structure

The United States’ 10-year plan to guide national health promotion and disease prevention efforts

healthy people 2030

Life expectancy at birth is an example of this type of measure

population health measures

Limitations in activities of daily living is an example of this type of measure

Subjective health measures

The Triple Aim plus workforce well-being/safety and health equity

quintuple aim

This measure accounts for both the duration of time in a particular health state and the “desirability” of living in that health state

QALY

An economic evaluation method to compare alternatives, where costs are measured in dollars and outcomes are measured in QALYs

cost effective analysis

An economic evaluation method to compare alternatives where health outcomes are converted into dollar amounts and treatment costs are subtracted

cost benefit analysis

A market in which a buyer has power to lower the price

monopsony

This health input has the greatest effect on determining health status

lifestyle

This type of measure describes what the organization does to maintain or improve patient health, such as the % of patients receiving the flu vaccine

process

This type of measure describes the impact of an intervention on patient health, such as the rate of hospital-acquired infections

outcome

A cause of death attributed to the decentralized and fragmented nature of the health care delivery system

preventable medical errors

This term describes measurement that is consistent when taken at different points in time or by different people

reliability

Many sellers, many buyers, homogenous products, no entry barriers

perfect competition

Physicians’ services

monopolistic competition

The only hospital providing inpatient services in a geographic area

monopoly

The pharmaceutical industry

oligopoly

A geographic area with two facilities that offer MRIs

duopoly

This type of law is made by judges in written opinions

common law

The type of negligence that results from a failure to act

nonfeasance

Deliberately providing false information or misrepresenting information in order to gain a benefit

fraud

Improper conduct in the performance of professional duties, either intentionally or negligently

malpractice

This ethical principle describes the duty of doing one’s best to care for one’s patients

beneficence

Population health, experience of care, and per capita cost

The triple aim

height, wight, age

objective health measures

quality of care, pain

subjective health measures

very few buyers

monopsony

The extent to which a measure actually measures the concept (accuracy)

validity

The study of how people act within organizations

organizational behavior

Tendency to overestimate accuracy of our own judgments

overconfidence bais

Tendency to unconsciously and selectively notice information that confirms our existing beliefs

confirmation bias

Tendency to rely on the likelihood that information is true because it is easy to recall

availability heuristic

Tendency to favor things we are familiar with

familiarity heuristic

Tendency to underestimate the effect of situational factors and instead presume that personal factors cause behavior

fundamental attribution error

The ability to anticipate other team members’ needs and balance workloads

mutual support

type of law that includes contracts and torts

civil law

types of law that is made up of felonies and misdemeanors

criminal law

Action knowingly or deliberately causes harm to someone else

intentional torts

Performing the correct action incorrectly

misfeasance

•Performing an illegal action

malfeasance

failing to act

nonfeasance

acting inconsistently with standard medical or business practices, whether intentionally or not

abuse

provider billing for services that were not provided or were not medically necessary

false claims

provider receiving compensation for referring patients to another physician

kickbacks

different EHR systems can’t always talk to each other

interoperability