Globalization of Healthcare
Globalization of Healthcare
Globalization in healthcare is a topic that has been the subject of many debates worldwide. While practically the entire world is becoming a global village due to globalization, the healthcare industry was considered to be invulnerable to this trend. This was attributed to the fact that healthcare is a service industry, where service is delivered on area of purchase. However many developments not only in the healthcare industry but in the entire economical sphere as a whole have seen the aspects of globalization. As a result globalization in the healthcare industry is a common phenomenon in the contemporary world. As the healthcare industry across global boundaries becomes increasingly intertwined, outsourcing is becoming the norm rather than the exception (CNBC). This globalization in healthcare has been driven by several factors, which have several impacts. The goal of this paper therefore is to explore globalization in the healthcare industry.
To achieve this goal, the context of this paper will be divided into two sections and each section will have several subsections. The first section is an analysis of the given case study. After reading the case study, this section will explore the facilitating developments that have driven healthcare to start globalizing, benefits and losers of globalization in healthcare, as well as the risks associated with globalization and assess ways of mitigating this risk in the healthcare sector. The second section will be a detailed account of how Manulife Financial Company can take advantage of the globalization trend in healthcare. The paper will then be concluded by a summary of events.
Section One: Case Study Analysis
Q1. Facilitating Developments that have allowed Healthcare to Start Globalizing.
Globalization in healthcare is nowadays a current phenomenon in the United States. The following factors influenced the need for globalization of healthcare.
➢ Shortage of medical
Globalization in healthcare is a topic that has been the subject of many debates worldwide. While practically the entire world is becoming a global village due to globalization, the healthcare industry was considered to be invulnerable to this trend. This was attributed to the fact that healthcare is a service industry, where service is delivered on area of purchase. However many developments not only in the healthcare industry but in the entire economical sphere as a whole have seen the aspects of globalization. As a result globalization in the healthcare industry is a common phenomenon in the contemporary world. As the healthcare industry across global boundaries becomes increasingly intertwined, outsourcing is becoming the norm rather than the exception (CNBC). This globalization in healthcare has been driven by several factors, which have several impacts. The goal of this paper therefore is to explore globalization in the healthcare industry.
To achieve this goal, the context of this paper will be divided into two sections and each section will have several subsections. The first section is an analysis of the given case study. After reading the case study, this section will explore the facilitating developments that have driven healthcare to start globalizing, benefits and losers of globalization in healthcare, as well as the risks associated with globalization and assess ways of mitigating this risk in the healthcare sector. The second section will be a detailed account of how Manulife Financial Company can take advantage of the globalization trend in healthcare. The paper will then be concluded by a summary of events.
Section One: Case Study Analysis
Q1. Facilitating Developments that have allowed Healthcare to Start Globalizing.
Globalization in healthcare is nowadays a current phenomenon in the United States. The following factors influenced the need for globalization of healthcare.
➢ Shortage of medical
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