Business Management Practices in the Medical and Healthcare Industry
Abstract
The medical and healthcare industry has undergone significant transformation due to rising patient expectations, technological advancements, increasing costs, and intense competition. Traditionally viewed as a purely service-oriented and ethical domain, healthcare has increasingly adopted business management practices to ensure operational efficiency, financial sustainability, and quality patient care. This conceptual study examines the role and importance of business management practices in the medical and healthcare industry using secondary data sources such as academic literature, industry reports, and policy documents. The study analyzes key management practices including strategic management, financial management, human resource management, operations management, marketing, quality management, and the application of technology in healthcare organizations. The paper concludes that effective business management practices are essential for balancing medical ethics with organizational sustainability and improving overall healthcare outcomes.
Citation
Jovisha, R. B. (2026). Business Management Practices in the Medical and Healthcare Industry. Mercovite, 1(1), 101–108.
License
© 2026 The Author(s). Published by Dr. BGR Publications .
The authors retain copyright of this article. This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author(s) and source are credited.
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