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What does the term stakeholders mean? Who are the key stakeholders in healthcare? As a healthcare administrator, how wou...

What does the term stakeholders mean? Who are the key stakeholders in healthcare? As a healthcare administrator, how would you communicate with your stakeholders?

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Stakeholders are the person, group or any organization which has interest or concern in a particular business. They can influence the activities, goals and policies related to that business. The Stakeholder could be internal or external. The internal stakeholders are insiders of the business and directly related to it like owners or employees and the external stakeholders like government, public communities and different associations.

The key stakeholders in healthcare are patients, physicians, and other employees/workers, the government authorities who make the policies, pharmaceutical firms, medical insurance providers and the general public.

As a healthcare administrator, communicating with different stakeholders is very important. Therefore healthcare administrator has to develop an effective communication system, so that if there are any changes in healthcare regulations, cost related change or change in services; then it should be communicated to its stakeholders.

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