The Background of the Health Care and Social Assistance Industry and the Services Provided.
The health care and social assistance industry is a critical industry that offers basic and essential services to human beings. The industry is a combination of both social assistance services and healthcare services because the two are inseparable and rank high in the order of preference to human needs (Feldstein, 2015). Professionals in this industry can either decide to offer both, social assistance and health care services or choose to specialize in a certain service sector. Goods and services offered in this industry are basic health care, primary health care, emergency care, ambulatory health care services, nursing residential care service, and …show more content…
When the health care and social assistance industry provide people with incentives, it changes the parameters of Porter's five forces which will, in turn, affect the overall state of the services in this industry (Penner, 2014). In essence, such incentives will affect the bargaining power of the consumers, suppliers, and the level of rivalry experienced in the industry. It will also assess the level of threats that substitutes oppose the services offered in the industry and the ease of new entrants getting into the …show more content…
The government may decide to attract more physical health care organizations to set-up centers in the United States through tax amnesty, provisions of incentives and eliminations of barriers for trade (Penner, 2014). The government may also decide to raise the number of citizens under medical cover through fiscal policies and legislation, thus, increasing the accessibility, affordability, and demand for the service. Equally, increasing funding in this sector and encouraging more research and development will increase the supply of them in this industry (Bureau of Labor and Statistics, 2018). Through partnership, collaborations, regulation, accreditation, and licensing, the government may carry out decisions that would increase the quality and supply of health care and social services in the
The health care and social assistance industry is a critical industry that offers basic and essential services to human beings. The industry is a combination of both social assistance services and healthcare services because the two are inseparable and rank high in the order of preference to human needs (Feldstein, 2015). Professionals in this industry can either decide to offer both, social assistance and health care services or choose to specialize in a certain service sector. Goods and services offered in this industry are basic health care, primary health care, emergency care, ambulatory health care services, nursing residential care service, and …show more content…
When the health care and social assistance industry provide people with incentives, it changes the parameters of Porter's five forces which will, in turn, affect the overall state of the services in this industry (Penner, 2014). In essence, such incentives will affect the bargaining power of the consumers, suppliers, and the level of rivalry experienced in the industry. It will also assess the level of threats that substitutes oppose the services offered in the industry and the ease of new entrants getting into the …show more content…
The government may decide to attract more physical health care organizations to set-up centers in the United States through tax amnesty, provisions of incentives and eliminations of barriers for trade (Penner, 2014). The government may also decide to raise the number of citizens under medical cover through fiscal policies and legislation, thus, increasing the accessibility, affordability, and demand for the service. Equally, increasing funding in this sector and encouraging more research and development will increase the supply of them in this industry (Bureau of Labor and Statistics, 2018). Through partnership, collaborations, regulation, accreditation, and licensing, the government may carry out decisions that would increase the quality and supply of health care and social services in the