Question

Explain how globalization of healthcare can impact the improvement and outcome of healthcare results and subsequently improve healthcare cost.

Answer 1

• Health care services impacted by globalization.   e.g.. some countries especially developing ones can attract customers by offering high quality health care at lower cost than is available in their home country.
• This practice is greatly expanding due to development of global standards of quality and rise of processes of accreditation, both in health care and medical education.
• Outsourcing is one situation in which developing countries that are able to adopt standards, processes and language of developed countries benefit from the liberalization of the movement of goods and services. By undertaking some or all components of production or service provision for clients in developed country, some economic benefits may occur to the developing country where the 'outsourced' service is provided
• The settlement of young professionals, originally from less developed countries, In more developed countries from which they have graduated with professional credentials
• Some rich countries, because of lack of doctors and nurses try to recruit recently trained graduates from poorer countries.

These factors impact the outcome of healthcare subsequently improving the health care costs.