The Healthcare Industry: The Evolution Of Health Care Industry

The information in this paper will discuss the evolution of health care industry over the last decade. Over the last decade, many changes in technology, economic perspective, and finance have made a prevalent impact in health care. Health in the early 1990’s was simple and minimally effective as the different developments were introduced such as medications, immunizations, antibiotics, testing and treatment for fatal conditions and diseases, such as polio, chicken pox and many others.

Past
The health care industry has changed drastically in the last 10 years in aspect to preventive services, facilities that provide services to the underinsured or uninsured, and perspective health care professionals entering into health care. The use of technology

The introduction of technology in health care in the form of Electronic Health Records (EHR), the storing and maintaining confidential medical history electronically. This advancement in technology has catapulted how patient records are received and transferred from physician to physician. Telemedicine is a form of technology that allows a physician or specialist to treat and diagnosis a patient from miles away or from other continents. Telemedicine gives individuals in rural area the ability to see a physician without struggling to find a doctor in their region (www.beckershospitalreview.com, 2014).The introduction of Health portals that allow patients and physicians to communicate from the comfort of one’s home, office or anywhere technology is welcomed. Mobile health unit that travel to rural areas and other areas where individuals that may not have transportation to visit medical facilities. Finance and economics have impacted the health care industry over the last 10 years by the cost sharing and changing benefits in many employer-sponsored health plans. Health cost makes up a large part of the budget in the United States because 10 years ago the number of uninsured or underinsured Americans was higher than previous years. The economy in the