Healthcare in Business Sphere - Essay Example

Therefore, they end up falling short of the selection criteria, thus diminishing the chances of getting a loan to finance the start-up venture. In this case, some entrepreneurs fail to acknowledge the relevance of the business plan in the process of starting up a business, hence resulting in difficulties in attaining financial backing for a start-up.

The aim of the regulatory agencies in the healthcare industry is to ensure that patients are receiving quality healthcare services from various institutions. Therefore, they are mandated to check if healthcare institutions are compliant with the policies in the field of healthcare. In this case, they are not aimed at spoiling the organization; instead, they are focused on improving the reputations of healthcare institutions by eliminating the drawbacks that can fail. Moreover, if an institution is compliant with the policies and regulations, there is no need for being afraid of the regulatory agencies, since there is nothing to hide or generate problems. Read More