Which of Porter’s Five Forces is/are more dominant in healthcare than in other industries? How does the strength of these forces vary among healthcare sectors?

Q1: Which of Porter’s Five Forces is/are more dominant in healthcare than in other industries? How does the strength of these forces vary among healthcare sectors?

Q2: What are the major substitutes for hospital care? Give one example. How do these substitutes vary by hospital service?

Q3: Are insurance companies buyers or suppliers for hospitals? What about physicians? Why is this designation more difficult to make in healthcare?

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