Competency 1: Analyze the effects of financial and economic factors (such as cost-benefit, supply and
demand, return on investment, and risks) in a health care system on patient care, services offered, and
organizational structures and operation.
Analyze the economic factors of supply and demand associated with a proposed initiative, within a context
relevant to a particular organization or care setting.
Competency 2: Develop ethical and culturally equitable solutions to economic problems within a health care
organization in an effort to improve the quality of care and services offered.
Explain why a proposed initiative presents a viable and beneficial economic opportunity for an organization.
Competency 3: Justify the qualitative and quantitative information used to guide economic decision making to
stakeholders and colleagues.
Explain how relevant economic and environmental data support a proposed initiative.