The health care industry mainly deals with providing services and products related to the preservation or improvement of the health of individuals or the treatment or care of individuals who are injured, sick, disabled, or infirm.

The health care industry is continuously changing and technological advances have made many new procedures and methods of diagnosis and treatment possible, as well as improving the survival rates of trauma victims and the severely ill, who need extensive care from therapists and social workers as well as other support personnel.

Hospitals and providers are altering how they do business, with whom they do business and for whom. New watch word in the healthcare industry has been “cost containment” and this is also having a hand in shaping the health care industry, as shown by the growing emphasis on providing services on an outpatient, ambulatory basis; limiting unnecessary or low-priority services; and stressing preventive care, which reduces the potential cost of undiagnosed, untreated medical conditions.

Managed care is here to stay with enrollment in managed care programs—predominantly preferred provider organizations, health maintenance organizations, and hybrid plans such as point-of-service programs—continuing to grow.

The biotech and pharmaceutical companies are increasingly strong in the global world, yet challenged to become increasingly accessible with new cost-conscious innovative products and solutions.

Featured Companies

• The Drug Store Limited