Medicine as a corporate enterprise: a welcome step?

Mens Sana Monogr

Lecturer, Department of Orthopedics, Seth G.S. Medical College and The KEM Group of Hospitals, Mumbai, Editor, IJCP's Asian Journal of Orthopedics and Rheumatology.

Published: January 2008

The medical profession is set for a change. It is being redesigned as a corporate enterprise. The health-care industry has proved to be lucrative and therefore has seen the entry of newer players from the corporate field into the market. The "Medical-Industrial complex" has led to the commercialization of health care well beyond what traditional practitioners would consider ideal. Medicine is being treated as a business, with cost curtailment measures and profit margins often dictating physicians' choices. A number of factors decide working environment in a corporate setup, all of which may affect the sacrosanct physician-doctor relationship and "physician" ethics. On the other side, the ability of the corporate sector to bring about a welcome change in the health-care sector in terms of availability of newer modalities of management, implementation of preventive and personalized health-care programme and, at the same time, adding to the comfort of the treating physician cannot be ignored.

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Source
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3190548PMC
http://dx.doi.org/10.4103/0973-1229.34714DOI Listing

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