Hospital Management

Chapter 1

Healthcare Industry

CHAPTER OUTLINE

1.1 An Introduction

1.2 A Global View

1.3 The India Scenario

1.4 Health and National Economy

1.5 Health System Performance

1.6 Summary

Questions

References

CHAPTER OBJECTIVE

The main objective of this introductory chapter is to profile India’s healthcare industry in the overall global context, and the challenges it faces for improving the health system performance to help hospital managers understand the overall context in which they work.

1.1 AN INTRODUCTION

The global healthcare industry, estimated at $5ⁱ trillion, is one of the world’s largest and fastest-growing industries consuming over 10 per cent of the Gross Domestic Product (GDP) of most developed nations. Health plays an important ...