By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    healthcare cybersecurity
    4 Helpful Tips on How to Protect Your Medical Practice Against Cyber Attacks
    October 24, 2021
    Health Check Diagnosis Medical Condition Analysis Concept
    6 Health Woes With Online Remedies
    January 19, 2022
    Eight Things Men Should Know About the Male Menopause
    Eight Things Men Should Know About the Male Menopause
    April 24, 2022
    Latest News
    Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
    July 20, 2025
    How Probate Planning Shapes the Future of Your Estate and Family Care
    July 17, 2025
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Clinics, Free Clinics, and the Future Uninsured – Interview with Erika Viccellio
    September 11, 2017
    Do You Know What’s in Your Pain Pill?
    May 11, 2011
    Depression and Diabetes Linked
    June 23, 2011
    Latest News
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
    How Health Choices and Legal Actions Intersect After an Injury
    July 17, 2025
    How communities and healthcare providers can address slip and fall injuries with legal awareness
    July 17, 2025
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: There’s No Business Like the Healthcare Business
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Hospital Administration > There’s No Business Like the Healthcare Business
BusinessHospital AdministrationPolicy & LawTechnology

There’s No Business Like the Healthcare Business

Bill Crounse
Bill Crounse
Share
4 Min Read
SHARE

clip_image001Irving Berlin, eat your heart out.

clip_image001Irving Berlin, eat your heart out. There’s no business like the healthcare business, or so it seems from a recently published info-graphic in the Wall Street Journal. Where are the jobs in America? You guessed it, healthcare. But is that a healthy thing for the economy, or a leading indicator of an insidious illness?

First of all, let me apologize to every clinician reading this. As a doctor myself, I know there is nothing more distasteful to a physician, nurse, or anyone else who works in healthcare than referring to the industry as a “business”. To clinicians healthcare is a profession, a calling, a mission, but please not a business. However, whatever you want to call this two trillion dollar enterprise, it does represent a really significant piece of the US economy. In fact, in almost any developed country in the world it takes a pretty big bite.

No matter how you feel about healthcare, looking at the employment changes in the US over the last decade or so, one has to wonder if this could be considered a healthy trend in any country? And, is it sustainable? Furthermore, what does it really produce? I know that’s a very complicated question on many different levels. It does produce health and therefore when it works, it restores and prolongs human life and productivity. That is certainly a good thing for an economy. However, we also know it is a system that wastes a lot of money. In the US, by some estimates, it wastes as much as a third of all we spend.

So, looking at the map, is this a good thing for a country or as I said, an insidious cancer that is eating away at everything else we need to fund? Having spent some time with government leaders and health ministers around the world, I can tell you nearly everywhere, officials are increasingly alarmed about how much of their nation’s treasury is going to healthcare instead of the other necessities required for a robust and sustainable economy. Clearly, this calls for another approach. Healthcare shouldn’t be the leading employer in America, or for that matter, in any other country.

How do we use technology to redistribute knowledge and care in such a way that we gain far more productivity in the healthcare workforce while enabling patients and citizens to do more for themselves? How do we deliver only the most appropriate and effective care exactly when and where it is needed? How could we use technology to redistribute health and healthcare capacity around the world? What kind of partnerships and innovations are needed to reduce the cost of healthcare? How do we make smarter decisions about care and cure? These are some of the questions that must be addressed, and soon. If not, America might become the first economy in the world brought down by the very industry that is supposed to keep all of us well.

Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

botox certification
Help Improve People’s Skin Health Via Botox Certification
Skin Specialties
July 22, 2025
Telemedicine Apps
Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
Health
July 20, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
How IT and Marketing Teams Can Collaborate to Protect Patient Trust
Global Healthcare Policy & Law
July 17, 2025
paramedics in surgical gloves and masks
How Health Choices and Legal Actions Intersect After an Injury
Health care
July 16, 2025

You Might also Like

Tips & Tricks for Faster Recovery with Technology

June 6, 2016
EHR Implementation
Technology

Step-by-Step Guide to EHR Implementation

August 20, 2023

Mistakes Practices Make On Their Website and Social Media

April 4, 2016

The Top 10 Healthcare Innovations of 2012. How Well Did They Do?

December 4, 2012
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?