MHI3000H-F3

The Economics of Health Informatics

Prerequisite

None

Objectives

  • To ensure participants understand that the economics of health informatics concerns the design, use, & generation of health, health service & health system metrics that further value in health care transactions for a range of stakeholders that may include population health;
  • To introduce participants to different methods for the economic evaluation of health information technologies; and
  • To demonstrate how the economics of health informatics offers insights into and methods to enhance and influence:
    (i) Stewardship & control by policy makers, technocrats, payers, & managers;
    (ii) Productivity of health care resources (people, tools, technologies, techniques & places); and may be used to foster or regulate:
    (iii) Autonomy & informed choice by care recipient’s & their caregivers’ in decisions to seek, receive & use health care services.

Description

Economics is concerned with the allocation of resources within and between markets and how markets themselves are established and evolve to facilitate transactions. The health care marketplace represents a forum for exchange between and among diverse health system stakeholders. To facilitate and manage such transactions, information needs to be generated and communicated about the attributes and characteristics of the products and services being transacted and the underlying preferences of a range of stakeholders. In this regard, information design and communication, that are at the heart of health informatics, are employed to advance value in health care transactions. Consequently, health infornomics concerns the study of the creation and use of health metrics to modify, guide/inform/control, assess, and facilitate decisions about alternative resource allocations. This course is designed to introduce participants to insights that emerge through the synthesis of economic principles with concepts and practices in information design and communication.

Prior knowledge of economics is not required; however, participants are expected to be versed in health informatics. Upon completion, participants will possess analytic skills applicable to the economic evaluation of health information technology and will know how economists’ approach important issues where the disciplines of economics and health informatics intersect. The economics of health informatics is concerned with the design, use, and generation of health and health system metrics that further the objectives of diverse health system stakeholders, which may include population health, value for money, and other objectives, such as provider income and control.

Instructors

Peter Coyte

Peter C. Coyte

Accepting Students

HSR Lead – Health Economics

Evaluation Breakdown

20%
20%
20%
40%

Competencies

MHI3000H-F3

The Economics of Health Informatics

Modular
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