Analysis of Healthcare Industry With Michael Porter’s Five Forces Framework

소개글

Analysis of Healthcare Industry With Michael Porter’s Five Forces Framework

목차

1. Introduction

2. Analysis
Intensity of rivalry
Threat of entrants
Bargaining power of suppliers
Bargaining power of buyers
Threat of substitutes
Recommendations

3. Conclusion
- Healthy aging raises productivity and thus gives a supply-side boost to growth
- Growing private demand for non-reimbursable healthcare services gives a demand-side boost to GDP
- A healthy society saves money on treatment rehabilitation and nursing care

본문내용

The healthcare industry, or medical industry, is a sector within the economic system. The system provides goods and services to treat patients with curative, preventive, rehabilitative, palliative. The modern sector of healthcareis divided into many sub-sectors, and relies on interdisciplinary parts of trained professionals to meet health needs of individuals and populations.
The healthcare industry is well known for one of the world`s largest and fastest-growing industries. As healthcare consumesmore than 10 percent of GDP of most developed countries, healthcare can form an enormous part of a country`s economy.

<중 략>

For community hospitals theswitching costs for private practicegroups are relatively low. However, in academichospitals groups are moresolid, which gives them somewhat more protection as they benefitfrom longstanding relationships andtraditions.
Group must differentiate itselfby tracking its performance usingmetrics which leads to decreased hospitalcosts. This will increase brand loyaltyto the group, increase its power overits customers and protect it from thethreat of substitute products.

참고 자료

없음