Health care is a rapidly changing and important part of the world economy. To thrive in the health care arena, businesses leaders must be able to navigate a number of evolving forces that includes the ever increasing cost of health care, evolving needs of health care consumer, advancing role of IT in health care and implementation of technologies in biotechnology, medical devices. Health is one of the fundamental human right and health care sector constitutes medical care providers; physicians, nursing homes, clinics and hospitals. It contains diagnostic centers and pathology laboratories, pharmaceutical manufactures and medical equipment manufacturers.
India has worked continuously to improve its health acre system since several decades. Considerable progress has been made due to public health system and reducing the burden of disease. Private health care facilities are owned and run by for profit companies or charitable organizations. The entry of private sector has opened the way of opportunities for world in terms of medical equipment, information technology in health care services, medical and health tourism. Though the private sector has been responsible to bring the desired changes in the health care industry, yet it requires much improvement.
To bring the desired changes for a healthy growth of health care industry, there is requirement of well defined partnership between government and private sector. FICCI has a health services committee whose aim is to develop an agenda for health care services and recommend a framework for public private partnership to improve the quality of health care in our country. Hospitals are under enormous financial pressure and costs associated with providing care are rising. There is increases pressure to compete in the health care market place or consumer now have more choice and information. Competition in health care spurs innovation and enhances quality. Health care business examines influence of market competition and government regulation on hospitals, manage care plans, health insurance etc. the key to improving health care industry lies in striking a balance between market competition and government regulation.
Health plan and disease management companies often use health coaches to provide support and monitoring of patients and members involved in disease. A growing number of health plans reimburse for and include retail clinics, hospitals and physician groups. With rising health care costs which weigh heavily on employer's minds, more businesses are talking matters into their own hands. These businesses encourage workers to eat right, exercise and avoid bad habits.
Business technology plays a crucial role in effective delivery, financing and administration of health care solutions. Employing health acre technology to connect all parts of the health care system; from patients and doctors to hospitals, regional medical network and insurance companies. Health care professionals work hard to help their patients and to help them make life style changes that make good management. In the rapidly changing health care industry, technology have made many new procedures and methods in diagnosis and treatment.