Identify a current health industry practice. Discuss applicable laws Term Paper

Identify a current health industry practice. Discuss applicable laws and implications for health care leaders. Identify the role - Term Paper Example Implications for healthcare leaders are discussed. Current Healthcare Industry Practice How to develop and maintain effective relationships between physicians and pharmaceutical companies have long been an issue of the principal public concern. Pharmaceutical companies are believed to produce heavy impacts on how health care services are provided. For a long time, visiting physicians and informing them about new products and medical devices had been a conventional practice within the healthcare industry, leading to numerous conflicts of interests which, in their turn, bore significant consequences on the quality of medical care. Future leaders must be (a) aware of the conflicts of interests, to which the discussed healthcare industry practices lead, and (b) promote collaboration and cooperation between physicians and pharmaceutical manufacturers, in order to encourage and sustain the atmosphere of progress and innovation in healthcare. Commercialization has already become the definit ive feature of development and evolution in health care, producing multiple heavy impacts on the quality and efficiency of practices within the healthcare industry. The relationships between pharmaceutical companies and physicians have long been an issue of key public concern.