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In: Economics

what changes could hosptials, physicans, pharamaceutial companies. and insurance companies make to their business models to...

what changes could hosptials, physicans, pharamaceutial companies. and insurance companies make to their business models to postion themmore advantageously for the future?

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Expert Solution

Changes that hospitals, physicians, pharmaceutical companies and insurance companies could make to their business models to position them more advantageously for the future are-

  1. Collect a database of multiple age groups using research so that there’s full anticipation of the cases coming in future.
  2. Revise the treatment/insurance costs of people who have the disease from long before otherwise insurance companies suffer from this.
  3. According to the statistical organization, the surveys regarding average cases of different types of diseases in a country during specific period of time helps a lot. This can be done by such companies and hospitals.

Rahul Sunny answered 2 years ago
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