...Globalization of Health Care Principles of International Business (BUS301.90) Post University Abstract For leaders in business and those few economic elite members, globalization is virtuous. Low-cost labor overseas facilitates production facilities in locations where labor and healthcare costs are low, and sell the finished goods in nations where wages are high. With the exception of the United States, almost all wealthy nations provide universal health care. These provisions are challenging due to increasing costs, as well as social, political, economic, and cultural environments. Globalization of Health Care Numerous global industries have resulted in offshore operations; the medical industry has become not dissimilar. With modern developments in technology in recent years, outsourcing of medical procedures has become a reality. The internet has vastly expanded the realm of possibilities for the medical industry, and has made it possible to transmit large amounts of information to countries; such as India, where it is then processed and returned. The United States has some of the highest costs for medical care globally; which has led to its’ citizens to search for economic alternatives. Outsourcing medical procedures to medical professionals in nations with lesser pay would undoubtedly benefit consumers; however, the United States holds a higher standard of care than those where treatment standards may not take precedence. This process would then take some...
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...Globalization of Healthcare Business 250 Strayer University One of the biggest rising expenses for individuals in the United States and the U.S. as a whole are health care costs. They are having disastrous financial consequences for families as well as individuals. Many consumers have to go without coverage entirely due to the high costs of premiums. However, the costs incurred without health insurance can often threaten an individuals’ financial well-being. Many Americans have already started seeking medical attention abroad due to various economic issues, level of care given, and procedures currently not available in the U.S. Employers have also started seeking different health care options abroad by offering incentives those employees who are willing to go overseas for their major medical surgeries versus having them done in the U.S. at a much higher cost. Ultimately, the U.S. has to do something in order to make healthcare more affordable for Americans, otherwise consumers are going to be forced abroad to look for health care services (McCallum & Jacoby, 2007). By the year 2015 one out of four Americans are expected to be without health insurance. From the year 2000 to the year 2006 health insurance premiums have increased at a rate of seventy eight percent. Since then employee contributions for health insurance premiums have also significantly increased with employers passing the additional costs they have incurred directly to the employee. Many of the insurance...
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...Health Care Name: Institution: Healthcare ( (or human services) is the finding, treatment, and avoidance of malady, disease, harm, and other physical and mental weaknesses in individuals. Access to health awareness shifts crosswise over nations, gatherings, and people impacted by social and monetary conditions and, in addition, the wellbeing strategies set up. Nations and wards have distinctive policies and plans in connection with the individual and populace based social insurance objectives inside their social orders. Medicinal services frameworks are associations made to meet the wellbeing needs of target masses. Their definite setup fluctuates in the middle of national and subnational elements. In a few nations and wards, health awareness arranging is disseminated among business sector members, though, in others, arranging happens all the more halfway among governments or other organizing bodies. In all cases, as per the World Health Organization (WHO), a well-working health care system requires a stable financing ; a uniquely prepared and satisfactorily paid workforce; solid data on which to base choices and approaches; and decently kept up wellbeing offices and logistics to convey quality pharmaceuticals and advancements. Health awareness can add to a critical piece of a nation's economy. While the meanings of the different sorts of human services fluctuate relying upon the distinctive social, political, authoritative and disciplinary viewpoints...
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...Globalization and Health Care Samuel Palmer Week One Assignment One IBA301.90 Author Note Samuel Palmer, Business Administration-Marketing Major, Post University, Waterbury, CT. Merriam-Webster defines globalization as the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets. Same can be said for health care. With rising costs, patients and health care systems have begun to look abroad for services and employees. I will address three questions in relation to the globalization of health care in this essay. Firstly, is globalization of health care good or bad for patients? Second, who might benefit from the globalization of health care? And lastly, who might lose with the globalization of health care? Is globalization of health care good or bad for patients? This depends on who the patient is. For the United States, globalization means plainly the exporting of patients to other countries and the importing of medical services from other countries. With lower medical costs in other countries, patients now have the option to travel to those countries to receive care. Of course these patients inherit travel costs and any other necessary expenses associated with the travel, but is it not worth it to get better? U.S. medical facilities are now incorporating medical collaboration from physicians in other countries, where the need to be physically present is...
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...Globalization impact on healthcare Faculty Advisor; Prof. Peter Carrillo Student; Mohamed Osman National University 03/31/2013 Table of Contents Abstract 3 Problem Statement 4 Globalization and Poverty 5 Globalization and Climate Change 7 Globalization and Immigration / Emigration 8 Globalization and Communicable / Non-Communicable Diseases 9 Conclusion 12 References 13 Globalization impact on healthcare Globalization is the process of promotion of economic integration, communication exchange, cultural diffusion and travel, which facilitate the exchange and connection between nations, commerce and individuals. The effect of globalization on healthcare and individuals is complex. The globalization of healthcare has provided opportunities for many organizations to rapidly develop their products and to expand their network of customers also global transportation and the communications revolution enabled rapid response to epidemics and catastrophes. On the flip side, the rapid mobility of people across borders, the spread of infectious diseases is a great threat to everyone, particularly in poor developing countries. “Today, no microbe in the world is more than 24 hours away from the gateways of every industrialized country, and what incubates today in the tropical rain forest can emerge tomorrow in a temperate suburb.” --Nils Daulaire (Kelley, 2005) The link between globalization and global warming and environmental...
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...a. What are the facilitating developments that have allowed health care to start globalizing? The facilitating developments that have allowed healthcare to start globalizing were that healthcare and insurance have become more and more expensive in the U.S. There have been opportunities for education in the medical field for people in different countries. In the grand scheme of things, travel is fairly inexpensive and quite fast. b. Who benefits from the globalization of health care? Those that benefit from the globalization of healthcare are the uninsured and the underinsured because this aids them in avoiding the high costs that can happen where medical bills are concerned. Insurance companies also benefit because they don’t need to pay big money for domestic procedures. The different countries probably benefit the most from having highly educated people and the profits they are making traveling tourists that travel solely for medical reasons. c. Who are the losers in the globalization of health care? The clear losers where globalization of healthcare is concerned is the hospitals and the U.S doctors that would perform those procedures at the domestic facilities. There is a clear loss in the profits that they would have received for those procedures. d. Are there any risks associated with the globalization of health care? The main risk is more of an uncertainty, which is concerning the level of care provided. Even though the procedures that are being performed...
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...The globalization of healthcare has provided opportunities for many organizations to rapidly develop their products and to expand their network of customers. But with this globalization, we also need to realize there are also a number of important economic and public health concerns. Healthcare organizations have an obligation to understand the interdependencies inherent in their supply chains, and to examine their supply chain practices through a strategic lens focused on the public’s health. We are seeing changes in where and how many healthcare products are produced and this is not always in the best interest of U.S. hospitals or our patients. Mike Alkire, president of Premier Purchasing Partners, has been analyzing this trend for many years. “Today more than 90 percent of all nutritional supplements, facemasks, exam gloves, and other products are manufactured overseas,” says Alkire. “China manufactures two-thirds of the world’s aspirin and 70 percent of its penicillin. If there was a global pandemic, whose population do you think would get the goods?” The current edition of Premier’s Economic Outlook examines these important issues. According to the analysis, there have been dramatic upticks in pricing for raw materials that are foundational to many healthcare products, including oil (up 28 percent in the last 12 months) and cotton (up 138 percent in the last 12 months). The increases are largely due to political instability and increased demand for raw materials...
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...overall affect of this globalization has yet to be realized, but in the short term for the middle and lower class echelon of thee fore mentioned economies, globalization has been devastating. In the first few pages of Chapter 1 “International Business (Competing in the Global Marketplace)” an example is given referencing the necessity for international healthcare due to the rising cost and inaccessibility to quality healthcare in the United States. The most interesting part of this example to me was the following statement. “Some insurance companies are starting to experiment with payment for foreign treatment at internationally accredited hospitals”. (Hill, 2011) Initially I found this statement comforting in the fact that insurance companies were thinking outside of a microeconomic healthcare model in order to better serve the people that they insure. On a larger scale this statement is disconcerting. It is disconcerting in the fact that everything associated in our healthcare system from equipment supply to the education and utilization of our medical professionals is either being mismanaged or financial gouged by government and the private market. As a result of the gauging, like any other business cheaper goods and services are being sought out elsewhere. It is astounding that it is cheaper to fly to another country and have a major surgical procedure performed at a quarter of the cost then it would be if performed in the United States. “Globalization refers to the shift...
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...assist in building a successful healthcare organization. Discussions will also include the expectations of the employees and the work practices and procedures that will be obligatory. In developing the leadership evaluation management must consider language, decision-making and daily work practices. An initiative to measure and meet all necessary performance objectives must involve major improvements of the healthcare processes. The following Performance Management’s Key Components are a must with the implementation process. Planning – Set goals and measurements to communicate the company’s requirements. Developing – Address and improve performance Monitoring – Observe productivity. Does the employee comprehend the tasks being implemented? Rating – rate the performance of the employee. Rewarding – compensate and award staff When conducted properly, evaluations serve that purpose by: (1) showing employees how to improve their performance, (2) setting goals for employees, and (3) helping managers to assess subordinates' effectiveness and take actions related to hiring, promotions, demotions, training, compensation, job design, transfers, and terminations (Kennedy, 1999). In implementing the Human Resources Department, there must be a certain criteria when posting and filling positions. Ask yourself, “What type of employee is required in filling the position?” The person’s character is just as important as trust and self-respect. The healthcare system has to align executive...
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...What impact, if any, does globalization of the economy has on labor relations in this industry? I chose health care as my industry of choice because it is my major so it is important to know more about current issues in this industry. With all the changes in Obamacare going on it is important to understand the importance of Unions among health care. "Factors driving that surge include the National Labor Relations Board likely approving new rules expediting union elections, and healthcare workers are feeling greater anxiety over wages and job security due to partly market and policy pressures to reduce healthcare costs." ( Joel Carson, 2014). Reducing health care costs will eventually reduce the money of independent organizations and it worries this business by the unionized labor. The globalization of the economy includes obamacare by affecting labor relations of all organizations related to healthcare, including pharmacies, hospitals, medical groups, and insurance companies. Union labor among healthcare ha many benefits , specially focusing in quality at lower costs. "Although union membership in the U.S. overall has steadily dropped since the 1980s, organized labor has found more success organizing in healthcare. Currently, about 14% of the workers involved in the delivery of healthcare at public and private facilities are unionized, compared with less than 7% of employees in the private sector as a whole." ( Joel Carlson, 2014) Private healthcare try to stay away from...
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...Bisht et al. Globalization and Health 2012, 8:32 http://www.globalizationandhealth.com/content/8/1/32 REVIEW Open Access Understanding India, globalisation and health care systems: a mapping of research in the social sciences Ramila Bisht1*, Emma Pitchforth2 and Susan F Murray3 Abstract National and transnational health care systems are rapidly evolving with current processes of globalisation. What is the contribution of the social sciences to an understanding of this field? A structured scoping exercise was conducted to identify relevant literature using the lens of India – a ‘rising power’ with a rapidly expanding healthcare economy. A five step search and analysis method was employed in order to capture as wide a range of material as possible. Documents published in English that met criteria for a social science contribution were included for review. Via electronic bibliographic databases, websites and hand searches conducted in India, 113 relevant articles, books and reports were identified. These were classified according to topic area, publication date, disciplinary perspective, genre, and theoretical and methodological approaches. Topic areas were identified initially through an inductive approach, then rationalised into seven broad themes. Transnational consumption of health services; the transnational healthcare workforce; the production, consumption and trade in specific health-related commodities, and transnational diffusion of ideas and knowledge...
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...business to want to encounter the goal and to do so in both an appropriate and a profitable way. Lastly, controlling is the ongoing performance of studying the outcomes, keeping what works, and eliminating what is not working to successfully meet and possibly exceed the organization’s specified goals. Internal and External Factors The four functions of management significantly affect both internal and external factors. Internal factors are those that deal with the establishment directly, such as employees, personnel, the organization’s culture and values (Ochsner, 2013). External factors are those influences that come from outside the business, such as the economy, consumer demand, and globalization (Bateman, 2011). Successful management in all levels are those individuals...
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...Article Summary Julka Harsimran, the author of this piece of writing, describes the potential in the information technology sector within the healthcare industry. Recent changes in the United States Healthcare system led by the Obama administration has brought a tremendous opportunity to revamp/upgrade the healthcare insurance records with new electronic projects from conversion of data, to creation of new health and insurance records and processing of claims and sales of insurances to the management of all healthcare data. Globalization plays an important aspect in the sense that the opportunity to obtain this large contract managing all the American healthcare coverage information is not restricted only to U.S. companies, but to international companies as well. Nasscom, an Indian international information technology (IT) service provider, is a major prospective company with the potential to obtain a $20 billion contract managing creating and managing all electronic U.S. health records. Outsourcing and restructuring internatioanlly job opportunities can have a large impact in the local job market. Understanding globalization can help local companies prepare better to meet the challenges of today’s competitive work environment. Relevancy to Human Resource Management - Article Critique Due to the unpredictability of the economic trend of the global market, some companies have opted to outsource functions sacrificing tangible and intangible assets to save money in operations...
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...Running head: GLOBALIZATION AND DIVERSITY IMPACT ON HEALTHCARE Globalization and Diversity Impact on Healthcare Organizations LaWanda D. Williams Kaplan University Health-care is one of the fastest-growing sectors in the world, and international trade in health services has created economic and diplomatic opportunities for both medical personnel and countries especially those that are low- or middle-income. The Infectious Disease Threat and Implications for the United States, health threats and issues have continued to have significant impacts on the world stage. Highly publicized virulent infectious diseases---- including HIV/AIDS, a potential influenza pandemic, and “mystery” illnesses such as the 2003 outbreak of severe acute respiratory syndrome (SARS) –remain the most direct health-related threats to the United States, but are not the only health indicators with strategic significance. Chronic, non-communicable diseases; neglected tropical diseases; maternal and child mortality; malnutrition; sanitation and access to clean water; and availability of basic healthcare also affect the US national interest through their impacts on the economies, governments, and militaries of key countries and regions. The greatest infectious disease challenge for the US since the beginning of the decade has been the potential emergence of a severe influenza pandemic. Although the H5N1 avian influenza virus remains primarily a threat to poultry, it and other such viruses continue to evolve...
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...SUBJECT: Pros and cons of globalization ------------------------------------------------- DATE: September 6, 2012 Globalization describes the increasing internationalization of production, distribution, and marketing of goods and services. Developing countries benefit a lot from globalization, as there is a sound flow of money and thus, a decrease in the currency difference. Globalization will often result in having more competitors and those competitions keep prices relatively low, and as a result, inflation is less likely to occur within the country. Globalization is the process by which economies of countries around the world become increasingly integrated over time. Supporters of this topic argued that it is both good and beneficial because it has created outsourcing, for example, customer support, marketing, software development, insurance and accounting. It’s developed in countries like in India. Globalization can have a great effect not only on economics, but also on cultural aspects. As communication increases amongst two countries, there is interchange of cultures as well. We get to know more about the other's cultural preferences. Each country gets great opportunities to learn more about other cultures by being able to feel the culture closer. Another thing that is good about globalization is that it helps in increase of demand of products. This in turn increases rate of production. Manufacturers, thus, find this profitable and help in availability...
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