Question

what are the supply and demand challenges for healthcare services?

Answer 1

Supply and demand concerns for the healthcare services are as follows-

A. Demand and supply are never consistent in healthcare industries and they are always highly fluctuating in nature so it is not always possible to meet with the required demand with the required supply.

B.there are cyclical effect also into the healthcare industries because there are some seasons where the requirement of healthcare is very high and they are not able to cope up with the demands as well.

C. There is equipment facility problem in this speciality services as well because these problems associated with current environment can be easily synchronised with this problem as there is lack of ventilator all across the United States due to the coronavirus contagion.

D. Lack of workforce in the healthcare industry is another factor to comply with because there is not adequate doctors to serve the adequate patients in the entire country and there would be shortage of doctors if there would be a higher contagion.

E. the supply and demand are also related to the macro factors and income structure change in the individuals of an economy because as there will be more disposable income associated with the individual they will be increasing their allocation to the health care facilities and it would be leading to different scenarios due to change in demand.

F. Rules and regulations which has been formed by the government are also leading to to change in the supply and demand pattern because health care industries are highly subjected to strict rules and regulations.

G. The pharmaceutical companies are also highly important because they are a part of supply chain of these healthcare industries and their will be adequately affecting the demand and the supply.