Healthcare Conglomerates and the Pricing Effect

Healthcare Conglomerates and the Pricing Effect

How do healthcare conglomerates work in America? What effect do they exert on the pricing of drugs in the United States? In the United States, healthcare systems in local regions have consolidated to provide negotiating power against employers and insurers—this has resulted in the pricing effect. Studies show that healthcare conglomerates in concentrated markets cause prices to increase by over 20%. Keep reading to learn about the rise of healthcare conglomerates and their implications for the United States healthcare market.

Peter Drucker: Efficiency and Effectiveness Dichotomy

Peter Drucker: Efficiency and Effectiveness Dichotomy

What is the difference between efficiency and effectiveness? Which attribute do you think is more important when it comes to organizational performance? When it comes to results, Drucker differentiates between efficiency and effectiveness. Efficiency is getting a lot of things done, while effectiveness is choosing and getting the right things done. Keep reading to learn about Peter Drucker’s efficiency and effectiveness dichotomy.

Decoded: Is the Universe Finite or Infinite?

Decoded: Is the Universe Finite or Infinite?

Is the universe finite or infinite? Does the cosmos extend forever or does it have a boundary? The universe is always in the state of expansion but it cannot be infinite. In an infinite (and static) universe, every point of observation would arrive at a star (because there would be an infinite number of stars), but this is clearly not the case (this is known as Olbers’ paradox or the “dark night sky paradox”).  Here is why our universe cannot be infinite.

Quarks: Particles of the Weird, Subatomic World

Quarks: Particles of the Weird, Subatomic World

What is a quark? How do the particles that are quarks relate to atoms? What role do they play in the universe? Quarks are subatomic particles that combine by means of a strong force to make up protons and neutrons which in turn make up the nuclei of atoms. In studying quarks, we are looking at the most elemental building blocks of our universe. And it turns out that our knowledge of quarks is the key we can use to unlock a great deal about our universe. Learn about the discovery of quark particles, their types, properties, and more.

The U.S. Medical Device Industry: Behind the Scenes

The U.S. Medical Device Industry: Behind the Scenes

How does the medical device industry work in the United States? Who are its main players? How much market share do they have? The United States medical device industry is dominated by a few major players: Medtronic, St. Jude Medical, Boston Scientific, Stryker, and Zimmer Biomet. Like other segments of healthcare, they have consolidated over time. Here is a brief overview of the United States medical device industry.

David J. Schwartz: Build Confidence and Destroy Fear

David J. Schwartz: Build Confidence and Destroy Fear

How does fear manifest in your life? Do you believe you have what it takes to overcome your most deep-seated fears? Fear in all its forms—worry, tension, embarrassment, anxiety, and panic—is crippling, paralyzing you from taking action and blocking your success. According to David J. Schwartz, the author of The Magic of Thinking Big, the secret to overcoming fear is developing confidence. Here is how you can build confidence and destroy fear once and for all.

First, Break All the Rules: Quotes and Passages

First, Break All the Rules: Quotes and Passages

Looking for First, Break All the Rules quotes by Marcus Buckingham? What are some of the most noteworthy passages worth revisiting? In First, Break All the Rules, Marcus Buckingham lays out the Four-Key management roadmap that will help you hire the right people, create a productive working environment, and guide employees to success. The following quotes and passages highlight some of his key recommendations and management best practices discussed in the book. Keep reading for First, Break All the Rules quotes by Marcus Buckingham.

What Is a Strength-Based Management Approach?

What Is a Strength-Based Management Approach?

What is strength-based management? How can you maximize the strength of your employees to boost the performance of your organization? Strength-based management is a management style that is focused on the strengths of the employees. According to management consultant Peter Drucker, maximizing strengths —your own strengths and the strengths of those around you—is more effective than trying to fix weaknesses. Here is why to increase the effectiveness of your organization, it’s important to build the strengths of those around you, as well as your own.

Traveling Through Time: Possible But Unlikely

Traveling Through Time: Possible But Unlikely

Does theoretical physics allow for time travel? And if so, under what conditions could traveling through time be possible? Believe it or not, there may be some scenarios under which traveling through time is theoretically possible. Specifically, it’d possible if it could be shown that parts of the universe exist where there is negative curvature, which is actually in the realm of possibility as far as theoretical physics is concerned. Here is why time travel is (theoretically) possible yet extremely unlikely.

Quantum Mechanics Theory: Learn the Basics

Quantum Mechanics Theory: Learn the Basics

What is quantum theory? What phenomena does the quantum mechanics theory attempt to explain? Quantum theory (also known as quantum physics or quantum mechanics) is one of the foundational theories of material phenomena. It explains the properties and behavior of energy and matter at the level of atoms, molecules, and subatomic particles. Learn the basics of quantum mechanics theory, explained in simple terms.