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GDP- Relevance in Healthcare
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Health care relevance, GDP .
Industry :
Hospitals
Functional Area : Performance |
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About "GDP- Relevance in Healthcare " topic:
Gross domestice product is a significant indicator of country economic performance. Most of the times this term is being used by our Economics loving healthcare fraternity to match how poor is our country healthcare facility.
moreover, GDP is global indicator in terms of comparision in healthcare if we combine it with the % of per capita health spending.
Going by the current statistics America leads with highest GDP ,then is Japan, China , Germany , france & so on India is being rated on 12th position.
If we grade the % of GDP expenditure on healthcare USA remains the leader and the other countries putting up their strong presence are switzerland , France ,Germany and so on.
But if we rate altogether by the WHO's current health system performance USA stays far behind the countries from the countries who spends approximately 8- 11% of their GDP.
It has always being a challenge to compare Business performance with health performance but still all developing as well as developed country strongly rely on their economic parameters .
Performance assessment has always been a matter of debate as even by treating maximum number of patients India & china are rated among the worst countries for their health system performance.
In future healthcare sector requires more accurate parametrs to measure its performance (Than % of GDP & Per capita expenditure in value)
1 trends
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on topic: "GDP- Relevance in Healthcare "
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Gross domestice product is a significant indicator of economic performance made by any nation, but mostly we use the term to match how poor is our country healthcare facility. moreover, GDP is one of the major global indicator in terms of comparision in healthcare, if we combine it with the % of per capita health spending. Going by the current statistics America leads with highest GDP ,then is Japan, China , Germany , france so on India is being rated on 12th position. If we grade the % of GDP expenditure on healthcare USA remains the leader and the other countries putting up their strong presence are switzerland , France ,Germany and so on. But if we rate altogether by the WHO's current he...
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PREM PRAKASH
| Commented
| 2 years ago
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Could it be that the GDP, that gold standard of economic data, might not be the best way to gauge a nation's relative prosperity? Since it became the prime economic indicator during the Second World War (to monitor war production) many have...
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PREM PRAKASH
| Commented
| 2 years ago
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Kindly comment & put up your ideas.
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Insight: "GDP -relevance in Healthcare" deleted from your view.
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Recruiting
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I do not expect it to be more than marginal.
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Phani Mohan krishna
| Added idea
"it effected industry"
| 1 year ago
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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...
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g.sivaraman
| Added idea
"less impact"
| 1 year ago
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nowadays bills are mostly settelled by 3party so the impact will be less
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Subhasis Bhattacharya
| Supported idea
"I do not expect it to be more than marginal."
| 2 years ago
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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...
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Ideate: "How Financial Crisis will Impact Healthcare?" deleted from your view.
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Improve Govt. Hospitals quality & care
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Reduce hospitalization of patients with high-cost conditions
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kamakshi dubey
| Supported idea
"Improve Govt. Hospitals quality & care"
| 1 year ago
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I agree with this idea..if govt.hospitals improve their quality standards in terms of hygiene, human relations, etc..then these hospitals will attract good number of patients.Also govt. has enough funds from various sources to bring up the...
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Subhasis Bhattacharya
| Added idea
"Government becoming health financier"
| 1 year ago
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Today developed economies like UK Canada have successful healthcare model involving government as its financier and private healthcare delivery as its provider (some cases govt too is a provider). The healthcare costs are dependent on the...
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Ideate: "Way of Controlling Healthcare Costs? " deleted from your view.
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America is undergoing a dramatic shift in healthcare. Actually, ten distinctly different shifts. Although the changes are unsettling, and will cause dislocations in our economy, the overall trends are positive and will help us all be healthier and wealthier when it all shakes out. Western Medicine Costs Continue to Rise It's hard to imagine, but the cost of going to a regular MD or hospital is going to get more and more expensive. This is not because doctors or hospitals are getting greedy, but instead because their own costs are rising every year. Health Insurance Opt-Outs Surge For many years, corporations and small businesses have provided health insurance as an employee benefit. Often, ...
Trends: "Top 10 Trends in Healthcare" deleted from your view.
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Macro Impact
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Micro Impact
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Vijay Nadar
| Argues in support of
"Micro Impact"
| 3 years ago
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Microeconomics focuses more on basic theories of supply and demand and how businesses decide how much of something to produce and how much to charge for it. Micro is the basic level and all other economic theory gets built on top of it. Micro...
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Vijay Mishra
| Argues in support of
"Macro Impact"
| 3 years ago
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Macroeconomics is flashier. It touches on GDP, inflation, unemployment and other things you read about in the newspaper. By itself macroeconomics is half of economics. It examines the economy in the large, focusing on feedback from one component...
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Debate: "Is the macro perspective more relevant than the micro one?" deleted from your view.
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patients and doctors making decisions together
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Consumers should speak for themselves
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PREM PRAKASH
| Supported idea
"patients and doctors making decisions together"
| 3 years ago
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healthcare is nota single man concern so there is no moral responsibility on anybody to speak for anybody else. We all should be responsible for this as it is our concern. patients doctors can play vital role in deciding the outcomes of treatment...
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varsha
| Added idea
"patients and doctors making decisions together"
| 3 years ago
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if docter and patient alltogether work as take decisions together by Answering questions Sharing information Involving families, carers and advocates Responsibility for seeking a patient's consent Sharing information and discussing treatment...
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Ideate: "Who Speaks For The Health Care Consumer?" deleted from your view.
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