Healthcare Porter's Five Forces Paper

Decent Essays
Currently, I am a Patient Services Coordinator in the healthcare industry. This industry often experiences Porter’s five forces: barriers to entry, bargaining power of suppliers, existing rivalry, bargaining power of buyers, and the threat of substitutes. The healthcare industry has many barriers to entry. The main barriers to entry in the healthcare industry include the huge capital requirements and adherence to the various policies developed by the government and other government agencies. Parnell (2004) note that government has set in place substantial regulatory requirements for healthcare organizations. The bargaining power of suppliers is high in the healthcare industry. It is critical to note that hospitals highly rely on various suppliers
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