| Topic : Credit crisis impact on industries |
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Healthcare & Life Sciences Professionals
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Activity:
73 views;
last activity : 11 10 2010 06:31:45 +0000
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Layoffs
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Recruiting
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I do not expect it to be more than marginal.
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less impact
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less impact
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Medical Errors
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it effected industry
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In a financial crisis, funding for research could be much more difficult to obtain, which could impact patients worldwide if new treatments and cures cannot be developed. And also this could eventually cause layoffs of researchers and scientists, in addition to the layoffs of sales and marketing professionals already experienced in the pharmaceutical industry in 2007 and 2008.
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A credit crisis analysis, the new global financial disease.
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As we know recruiting is already showing signs of being affected, I could say particularly in fields where relocations are common, such as physician recruiting, and executive recruiting. Candidates reluctant to take a loss on their home value may hold off on relocating if selling their existing home is too difficult. Additionally, if gas is too expensive, or unavailable, traveling to interviews will become more costly, or even impossible....
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Current financial crisis are definetly ruining life of avarage indian, but our healthcare system is still far away to be effected so much by such crisis. Indian hospitals already have the lowest staff ratio than any other foreign player. Most of the hospital comes under secondary care which is again a resistant class for any kind of financial crisis. In india health system is still much or less supported by the goverment. I do not think it remain a cause for worry for any avarage indian( middle class) So Enjoy the time, It will definetly keep you healthy.
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I agree to the points mentioned by Prakash. Apart from that I believe the financial crisis has not hit healthcare organizations involved in care giving. To be specific the demand for healthcare has not reduced as the disease burden remains to be same. The most important aspect is as 80% of healthcare expenses are met out of pocket, the revenue generation process towards sustainability continues for a HCO. Moreover, some of the healthcare organizations are also expanding since they feel it is the right time to invest as infrastructure costs are low.
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today maximum bills are setteled by 3 party so financial crisis wont cause heavy loss/impact
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nowadays bills are mostly settelled by 3party so the impact will be less
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Similar than other industries, the economic crisis will force healthcare companies to "trim the fat" so to speak. Companies may be acquired or merge, or fold altogether. Healthcare companies who remain in operation may have to cut out unnecessary overhead and expenses, including personnel costs, which could result in layoffs. Subsequently, healthcare professionals who are already very busy and stretched thin could find they're being asked to do more in less time and care for more patients than ever. This could then result in more medical errors, which could then result in loss of life and increase in malpractice lawsuits.
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Patient spending for prevention has minimised and only Exigency are being looked at.
Industry's spending in to infrastructure and services development has also slowed down and my view is that Consolidation is necessary for quality healthcare and is slowly happening.
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627 referals
6 arguments,
103 views
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yes vs still in conceptualization stage |
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10 arguments,
143 views
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110 referals
10 arguments,
70 views
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0 referals
2 votes,
20 views
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Thanks for the link, this is something new, and most of them dont go for this, colon cleansing is very much needed...... |
No, i don't think so. Then every time they travel somewhere they should get a checkup, they'll be in fear that they will contract something and will not enjoy their trip, which is of the prime reason that they are travelling, it should be upto... |
i can't totally agree with you as only operational excellence will get us out of recession, there should be more strong economic reforms by which we shall not face the same thing in the future and operational excellence is just a single thing which... |