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Showing posts from February, 2015

Healthcare Is A Business

At the beginning of my health care management classes, I would remind my students of a simple fact. Health care is a business. In fact, I would say this, "Health care is a Business.  It's a Business.  It's a Business. It's a Business."  I believe a lot of times people want to forget that health care is a business. For some people, it's this idealistic, pie in the sky entity that takes care of people and is always compassionate and caring and has to reach some level of near godliness. Here is the truth. Health care is an exchange of goods and services (aka a business).  It is not simply taking care of patients and hoping for them to get better. Health care makes up close to 18% of the Gross Domestic Product in the United States. Gross Domestic Product is the sum of all the goods and services consumed within our country during the year. Therefore, nearly $1 out of every $5 is spent on health care goods and services. Photo courtesy of The good