Question

How do you think we can transform the healthcare industry to make it balance cost, qualityand...

How do you think we can transform the healthcare industry to make it balance cost, qualityand access? Why is the healthcare Industry resistant change?

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Answer #1

Healthcare industry can balance cost and quality by consolidation between larger firms to achieve cost synergies, expertise amd experience to deliver quality healthcare using economies of scale to make it more affordable and accessible and expand and penetrate in ways to cater to maximise reach.

Healthcare industry faces resistance to chamge due to cultural dissonance, management conflicts, difficulties in government approval, different working styles and cost structure, different pricing mechanisms, etc.

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