The healthcare equipment and services cluster consists of companies and entities that provide medical equipment, medical supplies and healthcare services, such as hospitals, home healthcare providers and nursing homes. For healthcare providers, data analysis will help determine which patients need rapid or specialised care, which can greatly contribute to the efficient management of available resources. Assuming the government continues to subsidise market premiums for lower-income populations, this increase in government healthcare spending will greatly affect the entire US healthcare system. Deciding which segment of the healthcare industry you are interested in will help you understand the responsibilities you will have as a healthcare administrator.
Named after the British economist and social reformer William Beveridge, the Beveridge model envisions the financing and delivery of healthcare by a central government. The healthcare industry is one of the largest in the world and has a direct effect on the quality of life of the people of each country. It would be an alternative to working inside a healthcare facility and instead working with outpatients in their homes. The healthcare industry (also called the medical industry or health economy) is an aggregation and integration of sectors within the economic system that provides goods and services to treat patients with curative, preventive, rehabilitative and palliative care.
Technology has further influenced the way healthcare administrators manage resources and run medical facilities. Key segments of the healthcare industry are healthcare providers, healthcare funders and life sciences. Most, if not all, groups in the healthcare sector are now focused on innovation and the use of analytics and scientific research to improve healthcare delivery. The healthcare system itself is managed and regulated by dozens of federal and state agencies, including the Department of Health and Human Services, the Centers for Disease Control, the Center for Medicare and Medicaid Services, the Veterans Administration, the Food and Drug Administration, and the Agency for Healthcare Research and Quality.
There are five levels of health needs, including environmental health needs, basic health needs, medical needs, preventive and wellness services, and health improvements. Providers are an important part of the healthcare system and any changes in their training, satisfaction or demographics can affect the way patients receive care. Each of these changes affects the entire healthcare system as much as it affects patients.