Healthcare
The Healthcare Industry is comprised of companies that offer clinical services, manufacture drugs and medical equipment, and provide healthcare-related support services like medical insurance. Play a key role in the diagnosis, treatment, nursing, and management of illness, disease, and injury.
The Healthcare Industry is one of the largest and is expected to continue growing well into the future guided by several drivers. Key among them will be; technological innovation, integration of medicine and healthcare, smart healthcare data management, and a patient-centred restructuring.
Integration of medicine and health care will also provide a holistic approach to healthcare through the creation of a collaborative framework that will promote the integration of skills and competencies across pharmaceuticals, medical equipment manufacturers, and healthcare providers.
Key Segments of the health care industry?
Healthcare Providers -
1. Hospitals and other medical centres: They conduct diagnosis and treatment of diseases, teaching, research, and training. Hospitals are equipped with medical equipment and facilities of all kinds including operating theatres where medical professionals conduct major surgical procedures.
2. Nursing homes and rehabilitative centres: They offer both short- and long-term care services. Short-term care may include rehabilitative care after undergoing surgery, illness or injury. This may include physical therapy, occupational therapy or speech-language therapy. Long-term care is offered to the sick, elderly and disabled.
3. Ambulatory service providers: These are physicians and other health professionals who provide outpatient medical services or non-hospital-based care. For outpatient-based care, a patient visiting a hospital or an outpatient clinic gets diagnosed, treated, and released on the same day.
Healthcare Financiers - These are government agencies and private companies that provide health insurance policies and fund healthcare services. They are tasked with pooling medical funds collected through employer contributions or individual insurance policies and oversee payment for services rendered. Healthcare financiers outline how people access health care, the kind of healthcare to be covered and the allocation of healthcare services.
Life Sciences - This segment includes: pharmaceutical firms which make drugs and other chemical products needed for the provision of health care; manufacturers who make high-tech medical equipment; and biotechnology firms that conduct research, development to create new drugs, equipment and treatment methods. Others who also fall in this segment are all those who provide other miscellaneous scientific services for the diagnosis, treatment and monitoring of patients.
Healthcare Value Chain
1. Administrative(back office)
2. Information management
3. Clinical services
4. Allied health
5. Support services
Flexible Work Environments
Personal & Professional Development
Respect & Recognition
Jobs in Healthcare Industry
The decision to work in practice or industry has to be made based on what you want from your career. Ask yourself a series of questions and locate what is important to you; is it the salary or the importance of the work you produce? Is it variety, people, or your day-to-day work-life balance?
Don’t forget that you can change your mind, although it should be noted that moving from practice into the industry is much easier than the other way around. If you want to try both, consider going into practice first.
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