Healthcare Industry in Nepal vs. USA

2013 Words5 Pages
bulb-icon

Recommended: Why does the cost of medical care rise

Healthcare industry or medical industry is a sector within the economic system, which treats people with rehabilitative, preventive, and curative care.
The United States leads the world in healthcare industry. The world leader in healthcare services and innovator in cutting edge, diagnostics and treatments. US hospitals to create a platform for biomedical innovation and different academic and medical centers provide sophisticated advanced care. Highly skilled workforce that includes physicians, nurses and technician who leads the world in production of medical technologies and is one of the world’s largest consumers support the US healthcare industry. The US healthcare industry is further subdivided into different subsections like academic medical centers, nursing and residential care facilities, In-patient care, and Ambulatory care. The medical device companies of the United States are highly regarded globally for their innovation and expertise for high technology product. They are more focused into research and development, which in result have been able to hold a competitive advantage in several industries that medical technology relies. The US health care system accounts for more than 2.5 trillion in annual expenditure. Despite such a large investment in healthcare industry the burden created by escalating cost is not sustainable. The health care landscape is shifting to address issues that require a tighter budget in an increasing uncertain healthcare environment. Hospitals and healthcare facilities are evolving to establish clinically integrated models with a more coordinated view of the patient across the system.
Healthcare organization can hear the thundering footsteps of millions of insured people on the horizon. Yet ...

... middle of paper ...

...p://www.plunkettresearch.com/health-care-medical-market-research/industry-and-business-data
Rai Bhrikuti, April 13, Making A Difference: The herbal way of Life, Nepali Times, Retrieved from: http://nepalitimes.com/news.php?id=18843
RSS20 (2013), Herbal Medical Plants of Nepal, Retrieved from: http://www.nepalhomepage.com/herbal-medical-plants-of-nepal.html
Select USA, (2014), The Health and Medical Technology Industry in United States, Retrieved From:http://selectusa.commerce.gov/industry-snapshots/health-and-medical-technology-industry-united-states
Triple Tree, (2012), “Healthcare Industry”, Retrieved From: http://www.triple-tree.com/research/healthcare/
World Health Organization, (November 2007),” Health System in Nepal: Challenges and Strategic Options, Country office For Nepal,” Retrieved From: http://www.nep.searo.who.int/LinkFiles/Health_Information_HSC.pdf,

Show More
Related

  • Healthcare Financial Measures

    944 Words  | 2 Pages

    Connecting and teaming up with other community interested parties allows the organization to support the financial and quality goals, and coordinate care across the board giving more efficient and quality care (McKesson, 2018). This could help bring occupancy and admission levels up along with maximizing technology’s value by connecting the dots to help reduce complexities and cost. As regulatory, financial, clinical and consumer pressures influence healthcare organizations to produce and provide more effective and efficient care, healthcare technology becomes even more

    Read More

  • Medtronic Case Analysis

    2105 Words  | 5 Pages

    The current health care landscape has been characterized by large scale consolidation and vertical integration of payers and providers. This has led to a handful of dominate players with substantial influence, and an increasing overlap in responsibilities between payers and providers. Although payers and providers have traditionally been on opposing sides, battling each other about quality of care versus cost-effective care, they are shifting to working together to achieve better value.

    Read More

  • Kaiser Permanente

    999 Words  | 2 Pages

    The health care organization with which I am familiar and involved is Kaiser Permanente where I work as an Emergency Room Registered Nurse and later promoted to management. Kaiser Permanente was founded in 1945, is the nation’s largest not-for-profit health plan, serving 9.1 million members, with headquarters in Oakland, California. At Kaiser Permanente, physicians are responsible for medical decisions, continuously developing and refining medical practices to ensure that care is delivered in the most effective manner possible. Kaiser Permanente combines a nonprofit insurance plan with its own hospitals and clinics, is the kind of holistic health system that President Obama’s health care law encourages. It still operates in a half-dozen states from Maryland to Hawaii and is looking to expand...

    Read More

  • Essay On Administrative Waste In Healthcare

    1155 Words  | 3 Pages

    The healthcare industry, as a whole, has made great strides towards improving access to he...

    Read More

  • Healthcare in America: At the Top of the List of Social and Eonomic Problems

    629 Words  | 2 Pages

    Healthcare has now become one of the top social as well as economic problems facing America today. The rising cost of medical and health insurance impacts the livelihood of all Americans in one way or another. The inability to pay for medical care is no longer a problem just affecting the uninsured but now is becoming an increased problem for those who have insurance as well. Health care can now been seen as a current concern. One issue that we face today is the actual amount of healthcare that is affordable. Each year millions of people go without any source of reliable coverage.

    Read More

  • HMO Regulation

    1302 Words  | 3 Pages

    Health Maintenance Organizations, or HMO’s, are a very important part of the American health care system. Also referred to as managed care programs, HMO's are combinations of doctors and insurance companies that are formed into one organization. This organization provides treatment to its members at fixed costs and decides on what treatment, if any, will be given based on the patient's or doctor's current health plan. Sometimes, no treatment is given at all. HMO's main concerns are to control costs and supposedly provide the best possible treatment to their patients. But it seems to the naked eye that instead their main goal is to get more people enrolled so that they can maintain or raise current premiums paid by consumers using their service. For HMO's, profit comes first- not patients' lives.

    Read More

  • Uninsured Health Care Essay

    1401 Words  | 3 Pages

    In order to fully understand the uninsured and underinsured problem that hospital administrators face the cause must be examined. The health outcomes of uninsured individuals are generally worse than those who are insured. Uninsured persons are more likely to experience avoidable hospitalizations, diagnosed at later stages of disease, hospitalized on an emergency or urgent basis, and more seriously ill upon hospitalization (Simpson, 2002) Because the uninsured often lack an ongoing relationship with a health-care provider, they are less likely to receive preventive care and diagnostic tests (Kemper, 2002). Many corporations balance their budget through cost cuts and other moves, but have been slammed with an increasing load of uninsured patients, coupled with reduced payments from government and private insurance programs. In 2000, 564,476 uninsured patients came through Health and Hospitals Corporations health care centers, a 30 percent increase from 1996. In the same period, Congress reduced Medicare reimbursements to hospitals, while Medicaid reimbursements to primary care clinics remained basicall...

    Read More

  • Medical Errors in USA

    1053 Words  | 3 Pages

    Among the 13 nations that have advanced modern medical facilities, USA is ranked 12th and this is primarily because the service brought on board overly by the entire medical industry is poor. World Health Organization equates medical service in US to that offered in less technologically ...

    Read More

  • Folk Medicine in Appalachia

    3265 Words  | 7 Pages

    Mathews, Holly F. "Introduction: A Regional Approach and Multidisciplinary Persepctive." Herbal and Magical Medicine: Traditional Healing Today. Ed. James Kirkland, Holly F. Mathews, C. W. Sullivan, III, and Karen Baldwin. Durham: Duke UP, 1992. 1-13. Print.

    Read More

  • The Rising Cost Of Healthcare

    1621 Words  | 4 Pages

    There are huge impacts of the rising costs. Many people can not afford health insurance. Of the families that do have health coverage, 50 percent are concerned about having to pay more for that coverage in the future, while 42 percent fear they will not be able to afford coverage at all. (National Coalition on Healthcare, 2005, Facts on heal...

    Read More

  • Native American Medicine

    737 Words  | 2 Pages

    Dharmanda, Shbuhit. (2000). Native American Traditional Medicine. Institute for Traditional Medicine. Retrieved from the World Wide Web October 4, 2000: http//itmonline.org.

    Read More

  • Future Direction in Healthcare in America

    795 Words  | 2 Pages

    There are new challenges every year in the health care field. Research on the future of the U.S. Healthcare System is of paramount importance to the entire health care industry as well as the citizens of the U.S. To begin with, the research will discuss how challenges for future healthcare services can be enhanced by reducing the costs of medication. By creating a better quality of health care, Information technology advancements, including future funding, lower rising costs, the Medicare and Medicaid programs. The research will also discuss the challenges of market share for different ages of people populating and maintaining a skilled workplace. It will further discuss the tentative solutions to these challenges.

    Read More

  • Health Care In Cambodia Case Study

    1079 Words  | 3 Pages

    Civil war swept Cambodia from 1953 to 1993, demolishing political infrastructure and health care systems. Citizens and health care providers alike watched as their system toppled. Care in the rural areas became virtually nonexistent, while care in the large cities like Phnom Penh became limited and difficult to access. Not only were the buildings being destroyed, but doctors who could were fleeing and drugs were in short supply. Since the Ministry of Health was established at the war’s end in 1993, the outlook for Cambodian health care has improved, but slowly. No national health care exists. While general services are inexpensive, these services still exist mainly in the cities. Resources are too limited for most specialized care, thus most terminally ill must be treated in Singapore or Bangkok.

    Read More

  • Difference Between Herbal Remedies And Modern Medicine

    774 Words  | 2 Pages

    Herbal remedies’ qualities are widespread availability, lower cost, effective for chronic conditions. Herbal remedies are the use of plants or plant extract to treat a person’ overall health. Herbal treatments are prominent for developing countries for instance, “in Africa up to 90% and in India 70% of the population depend on traditional medicine to help meet their health care needs” (Wachtel-Galor & Benzie, 2011), due to their low cost and availability. Herbal remedies have gained attention in the past decades, and expanding their uses due to the increased interest of natural therapies (Wachtel-Galor & Benzie, 2011). Herbs used on the remedies grow in the wild throughout the world, therefore making it easy to

    Read More

  • Suicide In Nepal Essay

    922 Words  | 2 Pages

    An important area for the development of a country is definitely the health sector, but in countries like Nepal where the Human Development Index(WHO, 2012) is only 0.463, a lot of people do not even receive any health provisions. The ethnic groups such as Dalit and Janajati in Nepal, are much affected by the unequal access and use of state- provided public health resources, facilities and services. In many cases, even among all these, it is the women and children (especially girls) who suffer the most as they are discriminated based on gender, caste and ethnicity. That being said, through this research I will be focusing on the health issues among the women in Nepal and how various factors such as the gender inequality, caste system, and traditional beliefs contribute to affect their health.

    Read More

More about Healthcare Industry in Nepal vs. USA

Open Document