Question

Healthcare ecosystem analysis (goal, product, Generic Strategies Grid, Five Forces, providers, types, market share, services, Ecosystem model ). need all the points in the questions

Answer 1

The goal of the health care ecosystem is to provide a niche of well-equipped healthcare systems which should include health care workers like doctors., paramedical staff, and the patients as well. A diversified healthcare system is the need of the hour and this is the goal of the healthcare ecosystem.

The rate of the healthcare facilities is working up to higher and higher and the USA is one of the countries which has the most expensive healthcare systems. So, the healthcare ecosystem must be segregated in order to provide the best facilities to the people according to their needs. The generic strategies which must be incorporated in the healthcare ecosystem analysis are cost leadership, differentiation, and focus. The healthcare ecosystem must be based upon these generic strategies. The cost leadership will allow the people to select those healthcare systems which suit them according to their needs and their earning capacity. Also, a differentiated approach must be included so that the people have choices creating the healthcare services. Many people can afford world-class healthcare services. But, this is limited to some cream layer of the people. So, a differentiated approach must be incorporated so that the people can take advantage of the healthcare ecosystem. Also, a focussed strategy must be incorporated so that it will become easier to act according to the dynamics of the health care systems. This will also help in developing a cost-effective strategy for managing healthcare ecosystems.

The porter's five forces framework also provides a platform for the development of the health care ecosystems analysis. The threat from the new entrants is that the private hospitals can include new practices and they can hire specialized doctors and they will manage to provide an integrated practice unit which is a great threat to the existing healthcare ecosystem. The threat from the existing players is that the people people are free to choose any healthcare service provider based on their personal choice which will hamper the working of the rest of the healthcare units. The buyer's bargaining power also depends upon the choices which are available to the patients with varied types of payers like the insurance companies and the various government aids. The supplier's bargaining power also affects the health care ecosystems as the doctors also have the choice to select the various healthcare service providers and the hospitals which will definitely have an impact on the working if the healthcare ecosystems. The industry rivals are also working and various giants in the healthcare service ecosystems affect the workings.

The US is in the phase where healthcare spending is increasing day-by-day. It is expected that an increase of 5% CAGR during the year 2019 to 2023. This will help in increasing various opportunities in the healthcare system in the whole country.

This was all about the healthcare ecosystem analysis.