- The industry is highly fragmented, other than for a few sub-sectors.
- Healthcare is labour intensive and many sub-sectors are capital intensive.
- Sales Demand is largely based on demographics and innovative products and services.
- The key factor for profitability is generally efficient operations and good marketing.
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- The leadership team and their people plans are the most crucial elements for long term success. This includes the Succession Plans for leaders.
- For some sub-sectors there is a heavy dependence on only one or two large health institution customers for reimbursement.
- There are numerous growth markets, as scientific advances are made and the healthcare industry evolves.
- Avoid the pitfall of Personal Goodwill by advance planning for your exit.
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