On May 20, the presentation of the book Healthcare Economics by Tengiz Verulava was held at Caucasus University. The project is the winner of the university's internal grant competition.

At the event, Professor Tengiz Verulava addressed the audience.

One of the main priorities of a civilized country is to care of the health of its population. A central challenge for health systems is determining how much of the national income can be allocated to healthcare and how to use those resources efficiently, given limited opportunities.

Economics is a science that studies issues of deficit and limited resource management; its core problem is making a choice. It addresses three essential questions: What to produce? How to produce? And for whom to produce? These questions are particularly important in the healthcare sector, because it is precisely in conditions of limited resources that the rational distribution of medical services and the maximum satisfaction of the population's needs should take place.

In recent years, the significance of health economics as a discipline has grown substantially. Health system leaders are confronted with a range of complex issues, including the need for restructuring and the correct determination of medical service priorities. Health economics addresses both macroeconomic and microeconomic aspects of the sector and covers areas such as:

Healthcare costs

Demand and supply of medical services

Elasticity in healthcare

Economics of health insurance

Economics of social health insurance

Financing models

Economic evaluation of medical services

Pricing strategies in healthcare

The role and justification of state involvement in the health sector

These topics are especially important for healthcare managers and professionals across the healthcare sector. It is precisely these topics that health economics is dedicated to studying.

It is evident that the challenges facing Georgia’s healthcare system cannot be effectively addressed without highly qualified personnel. However, there remains a significant shortage of relevant educational and methodological literature in the country.

The book aims to identify the problems facing the Georgian healthcare system, taking into account international experience and trends, and to outline ways to solve them.

The book is intended for specialists in healthcare policy, healthcare administration and healthcare economics, healthcare sociology, as well as for a wide readership interested in healthcare issues