A look at economics and the healthcare system
There is arguably no other industry today as strained as the healthcare industry. Amid the current global health crisis, healthcare professionals all over the country and the world have given their all to help the afflicted. However, even with the advancements in science and technology, the healthcare system continues to face difficulties. Image source: bhopalfracturehospital.com To give a clearer picture of the logistics the healthcare system struggles with, Dr. Matt Boente MD offers a quick glimpse of health economics needed to ensure that medical establishments like hospitals are kept running, patients are charged fairly, and healthcare workers are compensated adequately. The healthcare industry focuses on treating patients by utilizing assets from several sources along the way. From medical research and education to clerical and pharmaceutical to logistics, utilities, and more. The economics of healthcare is quite immense. There are professionals called health economists who d