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BUSINESS OF
MEDICINE

Continued from page 35

Elements of Market Supply for Healthcare4, 5

physicians, we should expect some combination of increased health- 3. Centers for Medicare and Medicaid (2016). National Healthcare Expenditures.
care prices or short-term disruptions to quantity-supplied manifest Available at: https://www.cms.gov
in longer wait times or inability to receive care (despite having health
insurance and/or the financial ability to pay). 6,7,8 4. Bureau of Labor Statistics (2016). Healthcare and Social Assistance Employees.
Available at: https://www.bls.gov
Looking forward, providers of healthcare services should expect
substantial and persistent demand amid relatively limited market 5. Henry J. Kaiser Family Foundation (2016). State Health Facts: Total Hospitals.
supply conditions that would normally result in tremendous oppor- Available at: http://www.kff.org
tunities for economic profits and nearly unchallenged standing as a
going concern. But prevalence of government reimbursement rates 6. Forgione, D. (2015). Costly Reflections in the Silver Tsunami. San Antonio
and intervening market leverage provided by employers and insurers Medicine. Volume 68. Number 6. 34 – 35.
at the points of market exchange indicate that potential resolutions
to supply shortfalls and inadequate access to healthcare may be 7. Young, Aaron, Humayun, J., Xiaomei, P., Halbesleben, K., Polk, D. and Dugan,
found through greater collaboration and coordination between M. (2015). A Census of Actively Licensed Physicians in the United States, 2014.
providers and patients. Journal of Medical Regulation. Volume 101. Number 2. 8 – 23.

References: 8. Martin, Anne, Hartman, Micah, Brenson, Joseph, and Caitlin, Aaron (2015).
National Health Spending in 2014: Faster Growth Driven by Coverage Expansion
1. Henry J. Kaiser Family Foundation (2016). Key Facts about the Uninsured and Prescription Drug Spending. Health Affairs. Volume 35. Issue 1. 150-160.
Population. Available at http://www.kff.org
Lee W. Bewley, PhD, FACHE, is an Army officer, as-
2. Baye, Michael (2006). Managerial Economics and Business Strategy (5th edi- sociate professor of healthcare management, and a board-
tion). McGraw-Hill. Boston, Massachusetts. certified healthcare executive. He is the program director
of the Army-Baylor University MHA/MBA program,
and serves as an adjunct faculty member at the University of Texas at
San Antonio, Trinity University and University of the Incarnate Word.

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36 San Antonio Medicine • March 2016