Competition in Healthcare

May 11th, 2015
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l and expectable consequence of the markets economy. The philosophy behind competition is the assumption that every individual in society is looking for his or her own good, their own self-interest, which is part of the human culture and generates a series of decisions in which people are able to function in society looking out for their best interests. It is in the interest of anyone to have access to the products and services that we all require every day; therefore we will use our capital in the most efficient way to get our best good for the minimal price.

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Competition in Healthcare Name: Janice Ketchum HCA421: Health Care Planning & Evaluation Instructor: Michele Reed Date: August 19, 2013 Competition in HealthcareThere is a constant competition around every system that uses capitalism as its economic system (which by now is almost the only economic system functioning in the world). Competition is a natural and expectable consequence of the markets economy. The philosophy behind competition is the assumption that every individual in society is looking for his or her own good, their own self-interest, which is part of the human culture and generates a series of decisions in which people are able to function in society looking out for their best interests. It is in the interest of anyone to have access to the products and services that we all require every day; therefore we will use our capital in the most efficient way to get our best good for the minimal price.This drive is the essence of the competition, which is a component on the market that regulates price and quality. If an organization offers a product or service that is needed, there will be demand for it, and other providers will appear to find busine

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