How Healthcare Strategies differ from other business Strategies Research Paper

How Healthcare Strategies differ from other business Strategies - Research Paper Example lthcare strategies aim at ensuring excellent treatment services to the patients while business strategies aim at maximizing profits and minimizing losses. The main purpose of this research paper is to outline how health care strategies differ from other business strategies (Moseley 23). In health care, which is different from other business strategies, the business days as usual have ended. Around the globe, almost every healthcare facility is putting efforts to cope with the rising cost and irregular treatment quality in spite of the well-intentioned and trained clinicians’ hard work. Health care facility managers and policy makers have attempted numerous incremental fixes, reducing errors, attacking fraud, trying to make patients better â€Å"customers†, establishing electronic medical data records, and enforcing medical practice guidelines but none of these measures have had much effect (Moseley 24). The scope of this paper is the management and planning of strategy in certain industries, those that associates with the financing and delivery of health care services in the United States. The term health care in its broad sense includes managed care organization, small group practices, large group practices, academic physician academic, health maintenance organizations, and independent and solo physician practices among others (Moseley 25). Heath care also involves Health plans, Health insurance companies, Community hospitals, Specialty hospitals, Teaching hospitals, Community Health centers, and Multi-specialty group practices. The companies associated with Health care strategy are pharmaceutical companies, DME manufacturers, regulatory public health agencies, biomedical and biotechnological companies, public health financing agencies (CMS), Veterans Health Administration (VHA), and state public health departments. Heath care takes into account all these industries for disburseme nts approaching a fifth of the GDP (Gross Domestic Product) of the United