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A Profile of the Health Management Industry by Velma Lee

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CHAPTER 2

How the Industry Operates

Traditionally, the healthcare industry is a hybrid of public and private services. Recently, it has grown more entrepreneurial, with increased emphasis on patient satisfaction and safety. This chapter aims at highlighting a few major elements that affect current operation of the industry: a brief review of historical changes, regulatory and compliance issues, different modes of operation and financing sources, impact of current health care financing on various constituents, as well as regulations pertaining to building codes and biomedical management.

History

Before 2010

U.S. spending on medical care has been on an upslope for a number of decades. In 1960, aggregate health expenditures in the United States ...

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