Eco/361 Industry Overview Final Project Essay

5437 words - 22 pages

IntroductionOur team has chosen the healthcare industry, specifically medical laboratories, to write a Full Industry Overview. The purpose of this research analysis paper on the Full Industry Overview of the healthcare industry is to provide an overview of the industry that we have chosen, analyze Current Market Conditions, analyze Future Market Conditions, and also compile a list of final recommendations. The following it the results of our research analysis.Industry Overview: HealthcareLearning Team C chose the healthcare industry to research. In this Industry Overview Section, the team will discuss the history of the industry, the market in which it operates, the role of government regulations and the issues & opportunities the industry faces.Representing about 20 percent of the US Gross Domestic Product and accounting for approximately $1.5 trillion in market revenue, the health care industry is the single largest market in the US today. In any business, especially one as prominent and encompassing as healthcare, it is important and beneficial to understand its origins. Although the healthcare industry is a commercial market today, it didn't start out that way. In fact, the origins of these plans resided with providers (doctors and hospitals) and their desire to protect and enhance revenues. Over the course of the twentieth century healthcare plans have evolved from being provider run, to adding plans that were employer run, to an all out commercial money making market.Continuous increases in the cost of health care, growing at rates far exceeding the rate of inflation in general, are overwhelming health consumers and payers of all types. Managed care providers continue to struggle to contain costs. Meanwhile, employers are hit hard by vast increases in the cost of providing coverage to employees and retirees. In 2005, employers saw health coverage cost increases of about 9.2%. This figure is projected to mediate in 2006 to an increase of 8% (Introduction to Health, 2006).About 545,000 establishments make up the health care industry; they vary greatly in terms of size, staffing patterns, and organizational structures. About 76 percent of health care establishments are offices of physicians, dentists, or other health practitioners.Although hospitals constitute only 2 percent of all health care establishments, they employ 40 percent of all workers (Nature, 2005).Table 1. Percent distribution of wage and salary employment and establishments in health services, 2004Establishment type Establishments EmploymentHealth services, total 100.0 100.0Hospitals, public and private 1.9 41.3Nursing and residential care facilities 11.6 21.3Offices of physicians 37.0 15.5Offices of dentists 21.0 5.7Home healthcare services 3.0 5.8Offices of other health practitioners 18.7 4.0Outpatient care centers 3.2 3.4Other ambulatory healthcare services 1.5 1.5Medical and diagnostic laboratories 2.1 1.4Table 1Medical laboratories operate in the healthcare industry....

Find Another Essay On ECO/361 Industry Overview Final Project

Project Management, Defining Project Management, the Phases of a Project Cycle

1251 words - 5 pages PAGE PAGE 7 Project Management Project ManagementLaura GabbardUniversity of PhoenixMGT 437 Project ManagementScott T. DavisJune 30, 2008Project ManagementDefining a ProjectIt does not matter what business or industry is involved, all projects have the same trio at their cores. That trio is time, money, and scope. A project has a clear objective, with specific beginning and ending dates, and a budget. A project is a temporary enterprise in

The Human Population: Eco-City Planning Essay

2195 words - 9 pages lakes, other native benthophyte or floating plants and; the park has attracted over a hundred wild bird species, including endangered ones (Cheng & Hu, 2009). After the announcement of Dongtan, Abu Dhabi in United Arab Emirates followed suit in presenting their master plan of their eco-city project, Masdar City. In the same way that Dongtan promised a zero carbon emissions city, Masdar City promises a zero waste city (Premalatha, Tauseef, & Abbasi

Ecoturism Business: Sustainability and Tourism

1829 words - 7 pages became multi award winner taking out the Ecotourism, Cultural Tourism and New Product Development awards. Eco Beach was a finalist in Luxury Travel Magazine's Best Luxury Eco Tourism category at the 2010 Gold List awards - the award for the best in environmentally conscious luxury travel. Besides, there are some other awards such as National Accommodation Industry Awards for Excellence Sustainable Tourism, The QANTAS Award for Excellence in

Project Management Paper

1108 words - 4 pages the completion of the project. Project activities must be grouped into phases because by doing so, the project manager and the core team can efficiently plan and organize resources for each activity, and also objectively measure achievement of goals and justify their decisions to move ahead, correct, or terminate. It is of great importance to organize project phases into industry-specific project cycles. Why? Not only because each industry sector

Eco-tourism Causes Damage to the Environment Instead of Conserving It

1497 words - 6 pages and environmentally friendly eco-tourism holidays is now subject to considerable debate. With a yearly growth of 15%, it is one of the tourism industry’s fastest emergent subsectors. Claims of economic and social difference from eco-tourism have been actively promoted worldwide by government and tourism industry alike but that it lacks sufficient scientific nitty-gritty and is not practicable as a solution to the world’s common and environmental

Eco-tourism Causes Damage to the Environment

1411 words - 6 pages and environmentally friendly eco-tourism holidays is now subject to considerable debate. With a yearly growth of 15%, it is one of the tourism industry’s fastest emergent subsectors. Claims of economic and social difference from eco-tourism have been actively promoted worldwide by government and tourism industry alike but that it lacks sufficient scientific nitty-gritty and is not practicable as a solution to the world’s common and environmental

REQUEST FOR PROPOSALS GENERAL CONTRACTOR/CONSTRUCTION MANAGER CASE STUDY

5228 words - 21 pages Project Overview Introduction The Green Project Management team has been hired to prepare, request, and respond to proposals on behalf of our client, Alice Waters. We are issuing this request for proposal for the design and construction of an eco-friendly outdoor kitchen in the private residence of our client. Alice is a well-renowned restaurant owner, a pioneer in sustainability and an advocate of eating locally produced foods, so

Plan and Management of Mark and Spencer in View of Retail Industry in the 21st Century

3414 words - 14 pages 1.0 Introduction and Background 1.1 Overview of Online Retail Industry in the 21st Century The wake of the internet has revolutionized the retail industry a great deal in the 21st Century. The selling of retail products has moved from retail shopping experience to home-delivery services. The internet has therefore shifted the shoppers experience to a whole new level of home purchase by the click of a button. This online retail concept has its

Proposal for a Coal Mining Project

1360 words - 6 pages intermittently by the Hudson’s Company. But after getting abandoned in 1851, coal mining was moved to Nanaimo and since, New Vancouver Company has been operating mines successfully. These mines provide employment to about 1500 people and are the chief supporter of Nanaimo’s economy. Coal industry decided make a comeback with BC government proposing Raven Coal Mine near Fanny Bay. The proposed Raven Underground Coal Project was an undertaking of the Comox

eco-crush bottle

2020 words - 9 pages ’ eyes. Conclusively, eco-crush bottle project is the pioneer in Thai beverage industry that has intensive concern for environment and society. Notwithstanding higher profit gained, if rethink thoroughly Namthip is still a business not a charity or foundation; so making profit is still a part of its roles. With only assurance that, the certain amount of positive environment impacts it generated back to society is more or at least the same level as it claimed. The ethic and morality in its marketing still exist intelligibly. And for negative views on some consumers’ mind, it will just need time and successful outcome to prove and relieve.

What Issues should Contemporary Textile Designers Consider to Ensure their Work is Sustainable?

2418 words - 10 pages collection of compostable textiles created by Nora Olafsatter Krogh, MA graduation project 2009. http://www.designskolenkolding.dk/fileadmin/publikationer/DK_Lab_Sustainfashion_singl_lille.pdf British designer Katharine Hamnett is famous for fighting for sustainable fashion. Since her first collection in the 1970s, she has been known as a tireless eco-warrior, struggling for a better world. Her original slogan T-shirts are more fashionable than

Similar Essays

Eco/360 Auto Industry Overview Essay

4101 words - 16 pages the total US unemployment rate to the manufacturing rate. The manufacturing rate indicates all industries that assemble and produce durable goods including all of the automotive industry sectors. We can project and see what employment rates will be in the future. Manufacturing employment is expected to decline by 5 percent, much less than the 16 percent decline that occurred in the previous decade. Nonetheless, employment in goods-producing

Eco/360 Industry Overview (The Steel Industry)

4335 words - 17 pages exchange rates. Economic indicators such as these are valuable tools for businesses, individuals, industries, and governments. The ones analyzed within this paper will show how they have affected and continue to affect the steel industry.Forecasts based on the latest data and in-depth analysis of sectoral trends, while theory based, can greatly assist any industry. An overview of key industry players, market developments, and production and regulatory

Small Business Final Project: Music Industry A Band As A Business

2805 words - 11 pages The business of music. The industry that everyone wants to be a part of, but only a select lucky few get to participate in. In order to be a successful band, proper planning, management, and discipline are key. Like any small business venture, managing, marketing and performing in a band entails high level of creativity, a keen business sense, and an insatiable appetite for success. Bands fail often, members are difficult to acquire and retain

Impact Of Sustainable Tourism On Costa Rica

3706 words - 15 pages standard of living due to economic returns from eco-tourism. The tourism industry in Costa Rica nearly doubled between the early 1970s and 1990s as local communities became more closely linked to the surrounding environment. By 1992, Costa Rica was declared the leading site of eco-tourism in the world, and the industry bested coffee and banana production as the nation's leading economic contributor in 1993.The success of ecotourism in Costa Rica