- Ambulatory Health Care Services
- Nursing and Residential Care Facilities
- Social Assistance
Healthcare broadly includes the prevention, treatment, and management of illness, along with the preservation of mental and physical well being through the services offered by the medical, nursing, and allied health professions.
The Healthcare sector includes goods and services designed to promote health, including “preventive, curative and palliative interventions, whether directed to individuals or to populations”. (Definition by World Health Organization Report. “Why do health systems matter?”.)
The industry requires professional judgment and skill. The delivery of modern health care depends on an expanding group of trained professionals coming together as an interdisciplinary team
In 2003, health care costs paid to hospitals, physicians, nursing homes, diagnostic laboratories, pharmacies, medical device manufacturers and other components of the health care system, consumed 16.3% of the United States GDP. (According to From Centers for Medicare & Medicaid Services).
The growth of managed care in the U.S. was spurred by the enactment of the Health Maintenance Organization Act of 1973. While managed care techniques were pioneered by health maintenance organizations, they are now used by a variety of private health benefit programs. Managed care is now nearly ubiquitous in the U.S, Proponents and critics are also sharply divided on managed care’s overall impact on the quality of U.S. health care delivery.
The Human Resources function of all industries may include some emphasis of Healthcare in their respective employee benefits programs.