June 8, 2019
By: PathSOS Team

Partnership and Collaboration in Healthcare

Taking preventative or necessary medical procedures to improve a person's well-being explains Healthcare. Healthcare has now become one of India’s largest sectors in terms of revenue and employment. It includes a list namely hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment, artificial intelligence, cloud computing and many more. India’s healthcare industry is the fastest growing sectors and it is expected to reach around $280 billion by 2020 as per India Brand Equity Foundation.

Healthcare has experienced a flood of partnerships, mergers, and acquisitions over the last decade as providers, payers/financers have looked to combine to perfume a trade or business, to protect the market share, and to exert a greater degree of control over the value stream. Most successful & effective partnership always have some of the key characteristics. Elements which are required for a successful health care partnership are a promotion, prevention, cure, support, and rehabilitation. The healthcare sector carries out a different level of integration in partnership. The partnership & its collaboration are highly influenced by the policy. Partnerships between health service organizations, health professionals, patients, families, carers, and consumers lead to significant benefits in clinical care and outcomes.

Hospitals struggle to manage operations & activity, as occupancy rates decline and thus the shift to ambulatory care continues. Also, the physicians struggle to assure their patients get quality care while they try to maintain stable incomes. Businesses, faced with such challenges in the marketplace, have indulged into partnerships for healthcare benefits. When health care purchasers and providers connect together, their partnerships create a new value chain that has patients as the focal point.

Partnerships are an important element for the healthcare organization which can sometimes be achieved with a merger, but in some cases, less far-reaching forms of collaboration achieve the same benefits with less complexity or fewer social objections. Collaboration is the cornerstone of success in any field as it improves the coordination & communication between the healthcare professionals which in turn, improves the quality & safety of patient care. The collaboration is commonly defined through five concepts: sharing, partnership, power, interdependence, and process

Working in team and collaboration are essential to care of patients in a decentralized health system with many levels of health workers. In the healthcare sector, poor/lack of communication often results in medical errors, so it's necessary to have effective teamwork & good working relationship which in turn reduce errors and improve outcomes. Trusting one another, respecting and working together for a common goal, interprofessional collaboration can easily be achieved in healthcare.