Preview

Health Care Market Analysis

Satisfactory Essays
Open Document
Open Document
269 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Health Care Market Analysis
Health care providers can define the market they wish to serve by defining the customer base they wish to serve and/or the services they wish to offer. The health markets can typically be analyzed following functions they serve including; offering health care financing, physician and nursing services, institutional services, input factors and professional education. Healthcare financing market involves diagnosis, prevention, and treatment of diseases, injury, illness, and other physical mental and physical impairments, (Piercy, 2012).

Health care providers can also the market that they wish to serve is determining the total area to be examined or the “overall area covered by the markets”. For example, for a large independent provider or a

You May Also Find These Documents Helpful

  • Better Essays

    This paper is an economic analysis of healthcare providers Anthem and Kaiser Permanente. Included will be information on competition, pricing and the effects of elasticity of demand has on both companies.…

    • 962 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    HAS3750 NOTE CARD

    • 5141 Words
    • 26 Pages

    Which of the following characteristics of the health services industry warrant(s) a specific focus on healthcare finance?…

    • 5141 Words
    • 26 Pages
    Powerful Essays
  • Better Essays

    Market economics is trade “the making of a buck.” A place where buyers and sellers exchange dollars for a product and/or services (Gretzen, 2007). Health care economics is the purchasing of health care services, the doctor is the seller and the patients are the buyers. In other situations the pharmaceutical companies, medical equipment producers and so on are the sellers and the clients/patients are the buyers. Gretzen states these transactions are based on the terms of the trade, (Gretzen, 2007).…

    • 1029 Words
    • 5 Pages
    Better Essays
  • Better Essays

    For this assignment the class was instructed to describe the different forms of competition that take place among various types of health care organizations, evaluate the benefits and pitfalls of competition in health care and suggest alternatives if competition was not the primary driver of operations in the U.S. health care system, explain the elements of successful competition and the use of competitive intelligence, describe the influence competition has on the services offered by health care organizations and the choices patients have.…

    • 1099 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Health Insurance Matrix

    • 2127 Words
    • 8 Pages

    References: Austin, A. & Wetle. V. (2012) The United States Health Care System, Combining Business, Health, and Delivery. (2nd ed.) Upper Saddle River,…

    • 2127 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    In this essay it is going to go into detail on John Bowlby’s Attachment theory, Erik Erikson’s stages of development, FREUD and ROGERS. Each theory will be explained and how it can demonstrate differences between individuals.…

    • 1727 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Health Insurance Matrix

    • 3146 Words
    • 9 Pages

    As you learn about health care delivery in the United States, it is important to understand the various models of health insurance to develop a working knowledge as you progress through the course. The following matrix is designed to help you develop that knowledge and assist you in understanding how health care is financed and how health insurance influences patients and providers as important foundational information for your role as a future health care worker. Fill in the following matrix. Each box must contain responses between 50 and 100 words using complete sentences.…

    • 3146 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Health care in the United States of America is a delicate balance between the supplier and the demander. The supplier is the person or company providing health care services, procedures, or good, and the demander is the consumer who is in need of the health care services, procedures, or goods. Supply and demand between these two sides of health care is how the prices of health care services are created. This equation has been the backbone of providing health care and paying for the services rendered.…

    • 1034 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Health care economics involves making plenty of choices. Individuals, groups, businesses, and organizations choose how to use resources . Economics and health care are linked, because health care professionals apply economics in their everyday professional activities. They are able to do this through resource allocation. Any health care organization has to plan out how they will use their resources to their advantage. Health care economics are able to incorporate terms like cost, quality, and resources. In this paper, I will compare these terms as they relate to health care economics. In this paper, I will also explain how they differ from one another.…

    • 826 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Given the state of the economy over the last few years, it is no wonder that many industries are facing difficulties. It express world renowned news that American banks were facing economic struggles and had to be bailed out by the United States government through the emergency Economic Stabilization Act of 2008, (Steverman, 2008). During the same year, the automobile industry requested $34 billion to aid in their economic struggles (Romney, 2008). Given this chain of events, it should come as no surprise that the health care industry is also facing economic constraints and states. The organization that will discussed in this paper about diabetes. The Dallas Diabetes and Endocrine Center, P.A. provides high quality, up-to-date endocrine care delivered in a compassionate, patient-focused manner. We stress patient education, communication, and the most advanced proven treatments for endocrine conditions. They specialize, but are not limited to conditions such as diabetes, thyroid, pituitary, osteoporosis and growth hormone disorders. The points of the four P’s, business partnerships, and target markets in health care will be discussed as well.…

    • 1162 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The world of health care is full of competition. Companies constantly compete against each other concerning products. Organizations compete with the services they provide. Years ago, quality was not in the running because few actually provided this. Within the last ten years quality has become top priority. The organization of choice for this paper is the Shepherd Center located in Atlanta, Georgia. It offers medical care, treatment and services as well as rehabilitation services for a wide range of needs for people with disabilities.…

    • 925 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The health care industry is the most controversial and talked about industry in the world. In this paper one can see how significant that changes have been and possibly what is to come in the future. Also how the economic times have affected the health care industry and if there will be significant changes financially as well.…

    • 1088 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Health Care Museum

    • 1262 Words
    • 5 Pages

    References: Austin, A., & Wetle, V. (2012). The United States health care system: Combining business, health, and delivery. (2nd ed.). Upper Saddle River, NJ: Pearson Education.…

    • 1262 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Rising Healthcare Costs

    • 1586 Words
    • 7 Pages

    (1) The healthcare service industry consisting of providers such as medical practices, hospitals, clinics, nursing homes and home health care agencies;…

    • 1586 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    * Berkowitz, E. N. (2011). Essentials of healthcare marketing. (3rd ed.). Sudbury, MA: Jones and Bartlett Learning.…

    • 1069 Words
    • 5 Pages
    Better Essays