Healthcare Industrial Overview
When a person thinks that he or she is feeling under the weather where is the first place that they think to go? Most people would say the hospital, and in most cases that is true. At a healthcare facility, doctors, nurses, and assistants that can help people recover from their illnesses, and experience a sense of benevolence from the environment. The healthcare industry not only provides healing and comfort for people in the world, but it also provides wages and stability for households. The healthcare industry is one of the most effective establishments in the economy. Establishments in this industry respond to millions of people around the world, regardless of age, race, or gender. With new technological advances and job opportunities, businesses in this industry continue to excel. Statistics reports that healthcare is one of the largest and fastest growing industries in the United States labor force today (Bureau of Labor Statistics, 2006). Like any other industry, healthcare experiences circumstances that affect the economy, whether admirable or disruptive.
History
Over the last 100 years people have come to think of healthcare as a third party responsibility separate from health itself. This change in thinking is a recurring issue with profound effects on the development of modern healthcare.
At the beginning of the 19th century, medical theory had begun to advance, but medicine was still primitive and mainly involved the field of midwives, herbalists, homeopaths, and home remedies. Healthcare was not regulated and anyone could become a doctor. This led to cures that were not better, and sometimes worse, than home cures.
In 1900, there were only a few ...