Competition in Healthcare Essay

Words: 1648
Pages: 7
Open Document
Gloves On: The Presence of Competition in the Healthcare Industry
Gina Ruggiero
HCA 421
Instructor Celya Tilley
August 23, 2013

The driving force of any business is that of competition; the healthcare industry is no different. The presence of competition provides a need to grow and continually offer quality services or products; however, the competition in the healthcare industry can be a very daunting at times. The cost of medical care is rising and patients are expecting a certain level of high-quality care due to the vast amount of information available to them. Patients are now armed with knowledge; they are true consumers who look for the best quality care for the very best price. This paper will discuss the …show more content…
Each of these components of competition in the healthcare industry has their benefits and their pitfalls, as well. Competition drives innovation and ultimately leads to the delivery of better healthcare. “Competition generally eliminates inefficiencies that would otherwise yield high production costs, which are ultimately transferred to patients via high health service and delivery costs (Rivers & Glover, 2008, pp.632).” Therefore, competition results in lower prices and broader access to health care services. Competition among and between hospitals and physicians intensified with the development of managed care organizations. In addition to putting pressure on costs, managed care plans have pressured providers to use shorter hospital stays and to offer alternative outpatient treatments (Botti, 2007). The managed care organizations (MCO’s) led to decreasing costs and an increasing amount of choices. The lower costs coupled with improved efficiency has made health insurance more affordable for many individuals even though millions still remain uninsured. Another benefit of competition in health care is the innovation in technology; endoscopic surgeries, anesthetic agents available in ambulatory surgical centers and advanced treatment options have made a huge impact on healthcare delivery. Of course where there are benefits there will also be pitfalls. Some pitfalls of competition in healthcare are the time and
Show More

Related Documents: Competition in Healthcare Essay

Canada's Universal Healthcare System

Introduction Health care is a human right that everyone deserves. The Public vs Private healthcare debate, is a discussion that’s been going on for years. Private healthcare, in low and middle income countries are sometimes deemed more sustainable, accountable and efficient than public healthcare. However, public health care is perceived as a more universal system, that benefits the mass population. Canada’s current healthcare system operates under a public system, funded by the provincial government through…

Words 1208 - Pages 5

For Profit vs. Not for Profit Organizations Essays

For profit vs. not for profit organizations Melinda Colp AIU Online Healthcare Administration HCM630-1203D-01 Professor Michael Schmitt September 16, 2012 Non-Profit healthcare organization vs. for-profit healthcare organization “Hospitals can be non-profit, for-profit, and government-owned and/or operated” (Baker & Baker, 2006). There are different terms for each classification in how to report and handle the finances but the basics are the same for any type of business. Business…

Words 1608 - Pages 7

Universal Health Care System: The Switzerland Universal Healthcare System

Switzerland has a universal healthcare system in which recipients select their health insurance plan that’s suitable for their needs. The insured autonomy, drives healthcare policies, and they provide financial support to the healthcare system. The Swiss government has subsidies for low income individuals, and offer taxed financial loans available recipients who may not able to pay premiums during open enrollment period. Swiss health plan benefits include routine dental, hospital stays with an option…

Words 227 - Pages 1

Chebaiywa Clinic Case Essay example

Similarly, Taurus failed to generate stable income for the self-sustaining clinic. Thus, the clinic cannot function well. There is a trend of a rising amount of people that are in need of healthcare, for example the rising HIV percentage. There is an uncertainty whether it is feasible to transform to a healthcare center. This can be defined as an effect uncertainty; it is not clear how the change will affect the organization with…

Words 915 - Pages 4

Taking A Look At Hebrew Healthcare

B.) Hebrew Healthcare has a very strict guideline when it comes to overtime. They have in place a policy that everyone who works for Hebrew Healthcare must followed. Hebrew Healthcare is not big on overtime, but they will allow it to a certain extent. The first thing that employees must do is having the overtime approved by the department head. The only department that really uses the most overtime is the Nursing Department. They use it the most because the nurses provide the level of care that…

Words 354 - Pages 2

Health Care Essay

Health How are companies providing healthcare benefits for their employees compared to a decade ago? Individual Final Research Project: Are companies still providing healthcare benefits for their employees compared to a decade ago? GB520-14M Strategic Human Resource Management Kaplan University October 12, 2012 Healthcare Benefits: A Decade of Evolution…

Words 2812 - Pages 12

Business Stock Project Essay

patients but also do walkers, wheelchairs, hospital beds and many others. They also provide in home therapy and delivery of equipment to hospitals. Lincare is in the healthcare industry and has been successful from the start. It started with 1 center and has expanded to 48 states and over 800 offices around the US. Its main competition is now Walgreens and CVS. They have just recently started doing business in this field. Other companies such as Med4Home, Apria and Quality are large companies as well…

Words 734 - Pages 3

Financing Jeremy Essay

Jeremy Gaston Healthcare Spending November 26, 2014 Healthcare Spending Healthcare spending in the United States has risen dramatically in the last ten years. The United States spends two –and- a- half times more per person than other developed countries on healthcare. Most of the higher costs have been either been absorbed by providers or passed along to consumers in the form of higher premiums and copays. Although the cost of healthcare will rise in the next several years, businesses are trying…

Words 522 - Pages 3

Argumentative Essay On Obama Care

The implication of the Affordable Healthcare Act is going to be a rude awakening for many Americans now in employer-sponsored insurance-which happens to be the most of the working-age population (James C. Capretta p. 29.). The meaning of this is, that the people of America will have a huge downfall since most of the generation choose to not go to college or people do not have good health care in their workplace. Affordable Healthcare Act, otherwise known as Obamacare is a great importance to the…

Words 1664 - Pages 7

Essay on Healthcare Policy Analysis

Healthcare policy analysis Vanessa Connor Week 7 Devry University Professor Hasting Healthcare policy analysis Its finally happening!We get to manage our own health care .Our issues with Healthcare and insurance is finally looking up in a positive way .Finding a doctor won't be such a hassle nor will it be someone else telling you who you have to pick . Insurance won't be so high and even has made it possible to carry insurance without it breaking our…

Words 1320 - Pages 6