ENTREPRENEURSHIP AND HEALTHCARE

Entrepreneurship and Healthcare

[Name of Writer

Entrepreneurship and Healthcare

Introduction

The current advancements in technology and developments, in society have paved clear and lucid ways for new opportunities, and enabled the individuals living in modern society to exploit those opportunities, for their goals and ambitions, by utilizing the available resources. Several illustrations are found in today's era where individual have ventured into numerous businesses addressing the key issue encompassing the society. Amongst those ventures, is the investment made in initiation of operations in the healthcare arena. It is widely understood that venturing into healthcare is not as uncomplicated case. One has to take into account the minute details of carrying the key operations forward required in running a health care center, from the equipment, staff and services being provided.

Entrepreneurship

The term entrepreneurship encompasses a broad range of implications. However, the widely endorsed understanding of the term illustrates an entrepreneur as an individual enduring great skills and capacity to initiate and undertake the change and possesses the abilities that are not commonly found in major proportion of the population. An entrepreneur has the fortitude of acknowledging and enduring the risk his venture encompasses, and willingly bears all responsibility for it. Often entrepreneurship is misconstrued with small business ventures, which is not always true (Shepherd, Peters & Hisrich, 2006).

Entrepreneurship in Healthcare

America is undoubtedly unmatched when it comes to the innovations made, researches carried out and services rendered in the field of medicine and health care. Not only American people, but people all around the world prefer flying to America in order to get their treatment done, because they have a faith and trust in the quality based treatments and services provided by the American hospitals and health care centers. However, there do exist, a few complications in our medical arena. The health care in America is rather aloof, perplexing and expensive than usual. The conflict in opinions between doctors and insurers leave the patients in a more perplexed situation.

Fortunately, the entrepreneurs have taken undertaken the venture of introducing innovation, and a health care system that mainly revolves around the servicing of consumers; which would enable the domain of medicine to make simpler medical decision, strengthening and revitalizing the primary care, and most importantly, introduction of procedures and processes that would eventually reduce the costs of healthcare treatment. Since healthcare is believed to be a lot tougher than running any other businesses, as it involves complications encompassing ...