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Written by Lawton R. Burns and a panel of expert contributors, from the prestigious Wharton School, "The Health Care Value Chain" analyzes the key developments and future trends in the United States' health care supply chain. Based on a groundbreaking research initiative underwritten by the industry/university consortium the Center for Health Management Research this important book offers an in-depth examination of how the health care supply chain helps create value and competitive advantage. "The Health Care Value Chain "offers a thorough examination of the trading relationships among the manufacturers of health care products, the distributors, the group purchasing organizations, and the hospital customers and end users of those products. And the authors show how health care professionals and manufacturers can work together to form beneficial strategic alliances.

The conventional wisdom is that runaway health care costs pose a major long-term threat to the economy of the United States. Government statistics show that those costs have been increasing faster than the overall inflation rate for decades. According to recent estimates, in the near future, health care could account for as much as 25 percent of the nation's gross domestic product. In this book, Charles R. Morris argues that increased spending on health care in and of itself may not be harmful to the economy. Morris makes the case that while aggregate health care spending will climb as the population ages and lifespans increase, the costs of many medical services will actually decline as productivity improves in ways that statistics fail to adequately measure. Morris argues that, if higher health care spending coincides with an improved quality of life for more Americans, along with increasing numbers of highly compensated jobs in the medical sector, the nation may be better off.

Health care - Health care or healthcare is the prevention, treatment, and management of illness and the preservation of mental and physical well-being through the services offered by the medical and allied health professions healthcare industry is one of the world's largest and fastest-growing industries, consuming over 10 percent of gross domestic product] of most developed nations.

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