Privatization In Healthcare

Since the United States government started the practice of privatizing major departments such as health care and education, as a result these areas are more focused on employing techniques that affect their bottom line. Upon examining the three crucial aspects of profit earning such as the total number of patients, quality of services, and staff and or management, it can be concluded that all three areas have a direct impact on each other. To a hospital, the total number of patients seen is quite important because they are customers who are willing to pay for services received. Another item that is related is the type of patients and treatments purchased. The varying types of patients and cost of treatment may be enough of an influence to encourage a medical facility to offer specialty services in order to corner a share in the market. Thus, in order for a facility to turn a profit it is vital for hospital administrators to keep a tab on the current trends of diseases and procedures. Thus, in the current healthcare market, particularly in areas that consist of well-insured patients, specialty services offered typically increase the rivalry for market shares. Thus, a medical arms race has begun in which facilities struggle to corner market shares. As a result of this rapid expansion of various healthcare facilities, …show more content…
In 2017, it is expected that 561,000 medical tourists will travel to the United States and contribute over $2 billion to the U.S. economy (Al-Amin, Makarem & Pradhan, 2011). These patients not only benefit hospitals but they also benefit local communities through money spent in hotels, restaurants, and shopping centers. Even with the high prices of health care, the United States still remains competitive in attracting international patients. Medical tourists who chose the United States often come here for modern technology and quality of