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6. List 3 things that hospitals compete for and how they compete for them. Textbook -...

6. List 3 things that hospitals compete for and how they compete for them.

Textbook - Health Economics and Financing, the Edition By Thomas E. Getzen.Wiley publishing, 2013, ISBN #9781118184905.

please ans these questions using economics textbook or internet but please cite your answers and write the answers in detail please!!!

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Answers: The first thing that hospitals complete for is the knowledge as their is vast practical owledge amongst them which is the responsibility of human resource department when they recruit the employees. The employees recruited must be practical, dedicated, responsible, and calmest amongst the lots.

The second thing is the technology. The technology is the most I potent aspect for any medical institution as it defines their treatment efficiency and effectiveness. The treatments offered must be cheaper and effective which is why technology and research is very I important for hospitals through R and D.

The last thing hospitals complete for is reputation which is very important for any medical institution which could be got through either marketing or effectiveness in their treatments .

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