Health Care Market Papaer

When we think of nursing care facilities we always think of the facility as a place to put our loved ones when we are not able to care for them in our homes. A nursing facility is more than a home for our loved ones it is a facility that is influenced by resource scarcity in the health care market. “Scarcity has two sides: the infinite nature of human wants and the finite or limited nature of resources available to produce goods and services” (OHE Schools). The human wants is known as the driving force that stimulates the services and goods. Once these resources are available the stakeholders must make choices in the organization to make sure they are achieving in its strategic objectives by influencing the environment both internal and external. They should also make the choice of creating a relationship that is positive through the proper channels.

Economic cash flow will lead the patients into looking for insurance that has a cheaper premium and a much lower out of pocket expenses. If patients are not able to find a cheaper insurance they will less likely not go to the doctor or get the medications they need. Nurses will be looking be looking for hospitals that will pay them higher salaries. If it means they will have to move to another state then they will do what they have to do in order to make the salary they are wanting. If the economic cash flow ever gets that bad a lot of people will suffer in the end.

If supply and demand is increased it will cause and increase in quantity exchanged and if supply and demand is decreased it will cause a decrease in quantity exchanged. The demand is known as quantity of a product that the buyer will be willing to purchase. The supply is the quantity seller offer to sale. “Equilibrium price within any market will be the price in which the quantity demanded equals quantity supplied. Equilibrium quantity will be the quantity that is demanded and supplied at the equilibrium price” (Web Books)....