Professional Documents
Culture Documents
Cars need steel, rubber, wires and garments and uses labor to
have an end product - a CAR
Hospital/clinic facilities
Pharmaceuticals
Medical technology
Manpower
- MD, RN, RM, DMD, PT
Health infrastructure
Drugs
- OTC, prescription, herbal drugs
Others
Manpower
Role of physicians
1. They recommend a particular course of action for their patients
- Patients don't have perfect knowledge of their conditions and would
require the expertise of health professionals.
2. Physicians while making crucial decisions for the patients, also
participate in actual delivery of health services
- Surgery
- Giving immunizations
- Consultations
1. 4 years Pre-med
2. 4 years Medical schooling
3. 2 years Internship, Board review and exam
4. 3-5 Residency
5. 2-3 year Sub-specialty training/Fellowship
Regulatory boards
Health Facilities
As of early 2000
- 1,942 hospitals (registered in Philippines Hospital Association)
- 90,766 beds
- 80 million Filipinos
- 1 hospital bed = 850 Filipinos
Demand side
Supply side
Cost components:
1. Research and development
- Most expensive
- Cost of "inventing" or "innovating" new drugs
Supplier-Induced Demand