Competition is prevalent in every industry, and healthcare is no exception. You see healthcare competition on a daily basis in the field of healthcare as providers and organizations compete to increase patient volumes and revenue. Review this link regarding healthcare competition from the point of view of the Federal Trade Commission (FTC), the government agency charged with regulating and monitoring competition.
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Find an example of healthcare competition in your local region. This can include things such as competing provider groups, hospitals, or other services.
- Discuss what these organizations do to help compete with their competitors and draw in more patients, increase visits, and ultimately increase growth.
- Describe how this competition benefits the consumer.