However, various challenges face firms in the competitive industry. The Affordable Health Care Act, which is also known as The Health care reform act was passed by congress and signed into law by the President in March But one must ask, with all the health care competition is it keeping the United States healthy?
S United States healthcare system needs to accommodate healthy competition to boost national health. For instance, specialization of hospitals in the provision of a given service may reduce the overall cost of providing that service.
Journal of Health Organisation and Management. In a bid to woo more clients in a competitive market, healthcare providers invest in innovation to come up with new ways of treating patients, and with considerable satisfaction.
Once controlled cost is evaluated it is seen as a benefit for the patient yet uncompensated care is burden for the health care providers, tax payers and other consumers, which in turn can increase the cost of health care.
It also reduces the hustles of accessing branded drugs that are usually expensive. Journal of Health Politics Policy and Law. Thus, competition can remarkably transform the quality of healthcare because it has Competition in health care 2 essay to determine the levels of service delivery across the industry.
Competition by medical providers forces each player to devote more in the manufacture of superior drugs and services, which will increase the number of clients seeking their services. In addition, proper competition reduces the overall cost of providing Medicare in U.
Competitive intelligence allows different players in a competitive environment to strategize on the ways of countering their competitors in an attempt to maintain lead in a sector.
The heightened competition is taking place among hospitals, among health plans, among physician groups, among drug companies, between physicians and hospitals, and between hospitals and health plans. Availability of cheap generic drugs replaces the need to scramble over limited and expensive branded drugs.
Competition among different actors in the healthcare industry is of essence in many ways. On the other hand, increased competition in the healthcare industry changes the focus of medical providers from patient centered to profit maximization.
It reduces the overall cost of accessing medical services in different healthcare providers. Duplication of medical services increases the overall cost of that service Competition in health care 2 essay there are possibilities of over capacity.
With health care always a problem for the world, the Health care reform act gives patients better health security by putting in place comprehensive health reforms that hold insurance companies accountable, lower health care cost, guarantee more choice, and enhance the quality for all Americans.
Health care competition, strategic mission, and patient satisfaction: The last would be increased accessibility of care which is in the placement of the physicians that take care of the patients.
Enhancing quality of care without increasing cost is what consumers wish to have yet it is personally known that good doctor bad system is what always prevails. Another benefit of increased competition in the healthcare industry is reduced pain and side effects when efficient treatment methods are used.
Essence of Competition and use of Competitive Intelligence Competition in the healthcare industry is of utmost importance because it minimizes potential weaknesses of the public healthcare controlled by the central government.
While directly dependent of strategic planning quality of care and health care system cost are considered as cause of customer satisfaction. Secondlly, competition has a tendency of duplicating medical services offered to patients leading to increased cost of Medicare provision.
Therefore, specialization becomes almost impossible under competitive environment making it entirely difficult to take advantage of economies of scales Greenberg, Get Full Essay Get access to this section to get all help you need with your essay and educational issues.
However, there is consensus among different stakeholders that competition influences healthcare both negatively and positively. As a result, competition may put the health of a patient a risk as providers shift attention to streamlining operations and expanding sales.
If patients are unable to have easy access to a physician then they are unable to get the care required. It increases chances of innovation leading to augmented quality of drugs and services.
The known competition among health care entities recognized would be controlling cost, enhancing quality of care, and increasing accessibility of care.Richard J. Stull Student Essay Competition in Healthcare Management. The American College of Healthcare Executives is pleased to sponsor the annual Richard J.
Stull Student Essay Competition in Healthcare Management. Competition in health care is becoming a major issue, because health care organizations are fighting for the best doctors, patients are fighting for the best treatments, and insurance companies are raising their premiums.
Competition is a serious problem due to bad choices being made by hospitals, health plans, and businesses. Free Essay: Competition in the Health Care Industry Kelly Montagano Health Care Planning and Evaluation Instructor Sowle November 25, The driving force.
Healthcare and the Competitive Market Structure Essay. Words 5 Pages. This does not describe the health care market in the US. There are certain assumptions that the competitive market model operates under some assumptions, first is the consumer/patient has full information about the nature of the services required, the.
Competition in Health Care One of the trends marking the continuing transformation of the U.S. health care industry is the dramatic increase in the pace of competition. The heightened competition is taking place among hospitals, health plans, physician groups, and drug companies, and between physicians and hospitals, and hospitals and health.
Competition in the Health Care Industry 2 Health care could not be more different and it continues to change. The Cost of health care is high and it continues to rise. Despite any efforts to reduce them, and these rising costs cannot %(3).Download