Entrepreneurialism in HealthCare - Assignment Example

Whereas the profits from diagnostic imaging services are lucrative, the health care services are jeopardized.

Using the analogy of the Tragedy of the Commons, Archie and Alexander (2010) offer the probable eventuality of the healthcare system if nothing is done to contain the entrepreneurial trend among physicians. In their effort to maximize their profits, they gradually drive the cost of accessing medical care high. This is already evidenced in the rising expenditure on both Medicare and Medicaid associated with imaging services. Similarly, overutilization of diagnostic imaging services may provide reprieve but the long-term implications are most likely to drive healthcare into the doldrums. This is because more professionals, including those with little knowledge of diagnostic procedures, may choose to invest in imaging services to increase their income. This is bound to cause a decline in the quality of medical care.

In conclusion, entrepreneurial trends occasioned by diagnostic imaging services should be discouraged at all costs using appropriate technologies. The trend not only hurts the quality of medical care but is bound to frustrate the code of ethics in healthcare. Because of this, this issue is most likely to be an issue in future discussions within Healthcare Information Management (HIM).