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Health Care Leadership

Industry Profiles
Typography

The Healthcare Leadership Council (HLC) , a coalition of chief executives from all disciplines within the healthcare industry, is the exclusive forum for healthcare industry leaders to jointly develop policies, plans, and programs to achieve their vision of a 21st century system that makes affordable, high-quality care accessible to all Americans.

The health care industry is one of the largest sectors of the economy.  It's global size is estimated at US$6.0 trillion, with US$660 billion in emerging economis. Historically, the health sector has grown more rapidly than the economy in general, making it a major driver and consumer of national resources in most countries. This growth can be expected to continue during the next decade.{jacomment on}

For purposes of finance and management, the healthcare industry is typically divided into several groups and sectors. The Global Industry Classification Standard and the Industry Classification Benchmark divide the industry into two main groups: health care equipment & services and pharmaceuticals, biotechnology & related life sciences. Health care equipment and services comprise companies that provide medical equipment, medical supplies, and health care, such as hospitals, home health care providers, and nursing homes. The second industry group comprises sectors companies that produce biotechnology, pharmaceuticals, and miscellaneous scientific services.

The health care industry includes the delivery of health services by health care providers. Usually such services are paid for by the patient or by the patient's insurance company; although they may be government-financed (such as the National Health Service in the United Kingdom) or delivered by charities or volunteers, particularly in poorer countries. The structure of health care charges can also vary dramatically among countries. For instance, unlike the United States, Chinese hospital charges tend toward 50% for drugs, another major percentage for equipment, and a small percentage for health care professional fees.

There are many ways of providing health care in the modern world. The most common way is face-to-face delivery, where care provider and patient see each other 'in the flesh'. This is what occurs in general medicine in most countries. However, health care is not always face-to-face; with modern telecommunications technology, in absentia health care is becoming more common. This could be when practitioner and patient communicate over the phone, video conferencing, the internet, email, text messages, or any other form of non-face-to-face communication.

The delivery of modern medicine depends on a team of highly specialized professionals that can deliver health care in a systematic but compassionate way to individual in need of health care services. To deliver this care, the health care industry requires a wide range of workers.

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