Healthcare and the Pharmaceutical Industry as a Business Model

2439 words 10 pages
Show More
HSA 500-Assignment 5 Health Care
By: Catherine Carr
HSA 500
Strayer University
December 10. 2012

From the video, assess how regulations in the U.S. impact the claims and facts presented in this video. Hypothesize where you think the biggest opportunity will be for the pharmaceutical companies. By 2020 the pharmaceutical market is anticipated to more than double to US$1.3 trillion, with the E7 countries — Brazil, China, India, Indonesia, Mexico, Russia and Turkey — accounting around for one fifth of global pharmaceutical sales. Further, incidence of chronic conditions in the developing world will increasingly resemble those of the developed world. Pharma by 2020 indicates that the current …show more content…

Technology promotes more efficient and effective services which impacts prevention.
Technology enhances clinical capabilities within the medical field and is instrumental in the diagnosis, intervention and prevention of diseases. Taking a patients history helps a doctor diagnosis and influence the patient work up process. Why? Genetics; Because of technology doctors now know that genetics play a critical part in possibly passing on diseases from one generation to another, (Geisler, 2008). Another example would be vaccinations. The newest vaccines prevent certain diseases which lead to cancers: e.g. HPV-the human papillomavirus
, which can lead to cervical cancer.
Technology can improve the nation’s health and outcomes, by increasing the public’s expectations and enhancing awareness of the new age of medicine and provisions for better care.
Early disease and improved testing has played a major role in the longevity of life. Doctor are able to use x-rays, MRI’s and CT Scans to better detect and diagnose problems before they become life threatening. According to Torrens (2010) due to such advanced technological capabilities the life expectancy is 75-85 years old in this country and continues to rise every year.
Technology can improve health care services.

Related

  • The Glbal Phamaceutical Industry
    1587 words | 7 pages

    : 19852274 Assignment Title : The Global Pharmaceutical Industry. Date : 10 March 2012 Programme : BTECH-MANAGEMENT IV Question 1 Identify the main environmental forces currently affecting the global pharmaceutical industry? PESTEL analysis of the global pharmaceutical industry: Political * Governments set stringent regulation and is a powerful purchaser. * Governments around the world focus on pharmaceuticals as a politically easy target in their efforts to control….

    Show More
  • Cvs Caremark Strategic Analysis
    3167 words | 13 pages

    division of CVS Caremark. It is also one of the largest Pharmacy Retail Chains in the country and operates more than 7,400 stores domestically. Although the retail pharmaceutical division of this corporation accounts for a significant amount of this company’s success, CVS Caremark focuses more on its corporate strategy to compete with other industry rivals such as Walgreens and Rite Aid. Considering CVS Caremark is the result of the 2007 merger of CVS and Caremark Rx, this analysis will begin with a brief….

    Show More
  • Merck Case Study
    6947 words | 28 pages

    Executive Summary Case Study Goal The goal of this case study is to examine the current operations of Merck & Co. Inc. and determine areas of potential concern, evaluate the effectiveness of the current business model, and propose a plan of action to grow Merck & Co. Inc. to be the largest pharmaceutical company in the world. Methods of Analysis This case study will strive to identify areas of concern and opportunity, offer solutions, and make projections based upon historic data related to Merck….

    Show More
  • Macro & Micro Environment Analysis
    3255 words | 14 pages

    It was only ten years later in 1957 that the company began to manufacture its own products in India.  And today Johnson and Johnson India is one of the leading players in the Indian pharmaceutical and consumer products business. It has employee strength of over 1,800.  Johnson & Johnson India has gained a reputation for delivering high-quality products at competitive prices. Today J&J India is a household name with several popular brands like….

    Show More
  • Logistics in Pharma Sector
    3363 words | 14 pages

    Trends & Issues in Logistics Management for Healthcare and Pharmaceutical Organization Prof. Perumal Magayson Key Logistics Trends Logistics management’s primary focus is on optimizing the delivery of service to customers, by managing complex tradeoffs between customer service, transportation, warehousing and inventory. Some World Class companies have been able to reduce the costs of their logistics operations to 50% of the levels of their competitors. DEFINITION OF LOGISTICS What is Logistics….

    Show More
  • Kyruus case
    13157 words | 53 pages

    products. Finally, the company could put more weight behind selling to the life sciences industry (e.g. pharmaceutical, medical device and diagnostics companies). Several team members felt that the budgets of these organizations were much larger than hospital budgets and that the shorter sales cycles made them logical clients. Kyruus had already developed a few products that were well received by industry sales forces, and many on the Kyruus team saw this channel as a potentially very profitable….

    Show More
  • Arun Verma- Porter's Five Forces in Health Industry
    1765 words | 8 pages

    Assignment On Porter’s Five Forces Model w.r.t. Health Care Industry [pic] Submitted to : Submitted by : Anju Saini Arun Verma Faculty Roll. No. 26….

    Show More
  • Pfizer Marketing Plan
    9811 words | 40 pages

    Summary: The following marketing plan will focus on how Pfizer, the leading company in the pharmaceutical industry will perform in tough competition conditions. A brief introduction of the field of pharmaceutical will be highlighted along with a short introduction about the company and its history. A market analysis will be performed to study the different factors affecting the pharmaceutical industry as a whole and our company specifically. The market analysis will give us a clear idea about….

    Show More
  • Walgreens Company Analysis and Integration Strategy
    10860 words | 44 pages

    growth and is casting a shadow over the future of this company. Conclusion: As one of the top drugstore chains in the United States, Walgreens is in a unique place within the constantly changing industry of “Pharmacies and Drug Stores”. In order to properly understand Walgreens position within its industry and the broader economy, it is important to start by examining their financial statements. Chapter 2: Financial Analysis – Part 1 Chapter 2: Financial Analysis – Part 1….

    Show More
  • Environmental Factors Affecting Pharmaceutical Industry and Implications of Changing Business Environments
    3477 words | 14 pages

    ENVIRONMENTAL FACTORS AFFECTING INDUSTRY 1 I.1. PESTEL ANALYSIS 1 I.2. FIVE FORCES MODEL 3 II. IMPLICATIONS OF CHANGING BUSINESS ENVIRONMENT 4 III. USE AND LIMITATIONS OF TOOLS APPLIED 5 III.1. USE AND LIMITATIONS OF PESTEL 5 III.2. USE AND LIMITATIONS OF FIVE FORCES MODEL 6 SUMMARY 6 APPENDIX 1 8 APPENDIX 2 9 REFERENCES 10 INTRODUCTION The origin of the modern pharmaceutical industry can be traced to the late….

    Show More

Popular Essays