ArticleMedical journal of the Islamic Republic of Iran2020
Opportunity cost and COVID-19: A perspective from health economics.
Article in Medical journal of the Islamic Republic of Iran, 2020. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 4 papers.
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Who cites it
4 citing papers in PubMed.
- Impact of a pandemic shock on unmet medical needs of middle-aged and older adults in 10 countries.BMJ health & care informatics · 2024Article
- Approach to Intensive Care Costing and Provision of Cost-effective Care.Indian journal of critical care medicine : peer-reviewed, official publication of Indian Society of Critical Care Medicine · 2023Article
- Health Economics; Retrospective (FFS) versus Prospective (DRG, Global,..) Reimbursement Systems and COVID-19 in the Health Sectors of Iran and the World.International journal of preventive medicine · 2022Article
- Organization of a Hospital Ward Aimed at Admitting Patients with SARS-CoV-2: An Economic and Epidemiological Perspective.International journal of environmental research and public health · 2021Article
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Authors and funding
1 author.
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Abstract
The substantial increase in demand for medical care in intensive care units (ICUs) caused by the recent appearance of coronavirus disease 2019 (COVID-19) has placed severe pressure on hospital beds. Although countries have intensified efforts to contain or delay the spread of COVID-19, they must prepare to cope with the growing demand for critical care inpatient beds or risk being overwhelmed by the pandemic. The subject of this paper is the COVID-19 pandemic and the opportunity cost from the perspective of health economics using the supply and demand model of hospital bed days in ICUs. In this context, it has been seen that there is an excess demand for hospital beds that exceeds the supply of bed days provided by the health system, generating opportunity costs for patients who cannot be admitted to ICUs because beds are not available. Policymakers must take into account the notion of opportunity cost to ensure that scarce resources are used efficiently because patients with and without COVID-19 will be competing for the same ICU resources.
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