Question

10 points why health care is a business

Answer 1

Healthcare sector is the fastest growing facility in the world. Investors are highly interested in investing in healthcare because of the huge earning opportunities

Some of the key things which makes healthcare a business are

• The doctors undergoing MD MBA programs makes one realize that this is because of the use of technologies equipment, medical devices, procedures demand will increase and there by increasing the supply and a physician knows more than anyone inbthe health care filed
• Marketing clearly visualizes that it is a trading making them reach up to the remote areas and offering service
• Providing high quality sophisticated care in a minimal cost which is usually not possible ,if provided by a healthcare will be only to flourish their business
• Advertisement in mass media,magazines, documentary stories is a form of business development
• Providers charging high in case if the specialty is rare ,on demand and on shortage
• Poor recruitment of staff ,trying to manage with the meagre number of staff so that the expense can be reduced is a business minded one
• Use of top celebrities,personalities acting on a documentary film that they recovered from illness from getting service from a particular hospital or a provider
• Health insurance coverage in attractive premiums makes individual to buy one ,which has a whole is a financial gain
• Healthcare professional prescribing unnecessary investigation to confirm a diagnosis
• Introduction of the speciality care,multiple branches of an hospital makes a clarity it is set up for monetary gains.