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Business Model for Medical Entrepreneurship

In: Medical Entrepreneurship

Author

Listed:
  • Muazu Hassan Muazu

    (Bayero University Kano)

  • Shukurat Moronke Bello

    (Bayero University Kano)

Abstract

Medical entrepreneurship has seen development in recent years. This chapter explains what medical entrepreneurship is all about and how the concept evolved over the years. Some innovations of cures to certain ailments, such as cancer and other serious diseases, were researched to understand what business models fit into medical entrepreneurship. The methodology used in this research was a desk-based approach. The findings revealed some workable medical entrepreneurship business models. The concept of a business model for medical entrepreneurs was discussed in the chapter, which includes the Payers—next-generation managed care model, Providers—re-imagining care delivery beyond the hospital, Pharmacy value chain—emerging shifts in the delivery and management of health care and medical tourism, among others. Some basic elements needed to harness the effectiveness of model innovation were also found to include standardizability, separability, and patient-centeredness presented. Equally, approaches to and challenges of developing a business model were discussed in the chapter. It was concluded that medical entrepreneurship business models would further instigate innovation in the healthcare value chain.

Suggested Citation

  • Muazu Hassan Muazu & Shukurat Moronke Bello, 2023. "Business Model for Medical Entrepreneurship," Springer Books, in: Lukman Raimi & Ibrahim Adekunle Oreagba (ed.), Medical Entrepreneurship, chapter 0, pages 25-38, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-6696-5_3
    DOI: 10.1007/978-981-19-6696-5_3
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