Homework: Economic Factors for Long-Term Care Facilities Short Paper
Prompt: Thus far in the course, the primary focus has been on hospitals within the healthcare industry. For this short paper, you will consider the economic issues related to long-term care facilities.
In this homework, consider the following questions related to long-term care facilities:
o What are the factors that make long-term care unique compared to a hospital?
o What is the effect of Certificate of Need (CON) on the economics of long-term care economic decision making and how is this different from that of a hospital?
o What does the forecast of supply and demand for the long-term care industry look like for the next 25 years and how should that impact decision making?
o Should the U.S. government cover the costs for the elderly in the middle and wealthy classes?
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.