Explain the Supply of Health Services in Medical technology?
Denims T asked:
The supply of healthcare goods and services is different from other commodities because it is composed of multiple inputs. And healthcare goods and services are generally inputs that need to be combined with each other to produced an end product which is better health. Thus, a patient in order to satisfy his need to be healthy because of being sick will most likely directly need the expert advice from Physician and other health personnel. Now, How does Medical technology affects the sickly patient by supllying health services.?
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The supply of healthcare goods and services is different from other commodities because it is composed of multiple inputs. And healthcare goods and services are generally inputs that need to be combined with each other to produced an end product which is better health. Thus, a patient in order to satisfy his need to be healthy because of being sick will most likely directly need the expert advice from Physician and other health personnel. Now, How does Medical technology affects the sickly patient by supllying health services.?
January 27th, 2009 at 2:06 am
New advancements in medical technology can allow for better outcomes in patients and can lengthen life. The ability to perform organ transplants, the invention of the artificial pacemaker, drugs for HIV and AIDS patients; these are all advances in the medical technology that can have a positive impact for the patients receiving them.
As far as the actual supply goes. For some technologies, especially those involving complex procedures and high tech equipment, there is a limited supply of health care providers that can perform these. Many require very skilled physicians that have become highly specialized in a certain area. Other advancements are more in actual devices that are extremely expensive and the other places that have them are very large medical institutions. In both cases the supply of these new medical technologies are limited.
I hope this helps a bit.