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In: Operations Management

Write an industry profile on the health care industry. Suggested length 1-2 pages.

Write an industry profile on the health care industry. Suggested length 1-2 pages.

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Expert Solution

The healthcare industry is a set and integration of sectors within the economic system that provide goods and services for patient treatment, prevention, rehabilitation and palliative care. It includes the creation and commercialization of goods and services that are subject to maintenance and rehabilitation. The modern healthcare industry includes three major industries, including services, products and finance, and can be subdivided into several sectors and categories, and relies on an interdisciplinary team of trained professionals and professionals to meet the needs of patients. The health of the people and the people.

Health is one of the largest and fastest growing industries in the world. Consuming more than 10 percent of most developed countries' GDP, health care can make up a large part of the country's economy.

For funding and management purposes, the healthcare industry is usually divided into several areas. As a basic framework for defining the sector, the International Industrial Standard Industry Classification S. Classification of the health industry, which usually includes:

Hospital activities;
Medical and dental practice;
"Other Human Health Activities."

This third level includes activities of or under the supervision of a nurse, midwife, clinical or laboratory laboratory, pathologist, nursing home, or other allied health profession. In the field of optics, water therapy, massage, yoga, music therapy, music therapy, speech therapy, physiotherapy, acupuncture, acupuncture and more. The original.

The Global Industry Classification Standards and the Industry Standards are classified into two broad categories:

Health equipment and services; And
Pharmaceuticals, biotechnology and related life sciences.

The medical device and service group includes companies and entities that supply medical equipment, medical supplies and health services such as hospitals, home health care providers and care centers. The last listed industry groups include companies producing biotechnology, pharmaceuticals and other scientific services.

Other approaches to defining the healthcare industry tend to be broad-based, including important health-related activities such as education and training, health skills, regulation and management, health care delivery, traditional delivery, and complementary medicine and the Health Insurance Administration.


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