Discuss how economic forces in the marketplace affect the health care industry and health care management.
Reference
Nowicki, M. (2008), The Financial Management of Hospitals and Healthcare Organizations, (4th Edition), Chicago, IL: Health Administration Press © BrainMass Inc. brainmass.com March 21, 2019, 10:48 pm ad1c9bdddf
https://brainmass.com/health-sciences/health-care-management/effects-economic-forces-healthcare-432239
Solution Preview
Economic forces in the marketplace can affect the health industry and health care management in a number ways. Economic forces in the marketplace can have a tremendous influence on the prices of goods and services that are needed by the health care industry. Economic forces in the marketplace can raise the price of medication up to soaring levels, which will subsequently have an effect on the budgets of hospitals and other health care facilities that are in need of medications. By having to pay more for medications, hospitals and other health care facilities will invariably have to ..
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