Industry Selection Steve Linerode
Identify the industry in which the project will take place. Include the NAICS code and label (e.g., 453998 – All
Other Miscellaneous Store Retailers except Tobacco Stores). Also provide at least two paragraphs detailing why
you have selected the particular industry.
Industry selection: Healthcare – NAISC Code: 622110 General Medical and Surgical Hospitals
Supportive Statement
Healthcare is a thriving industry that is beneficial to the public health. Healthcare has also been
shown to be an essential factor for a stable economy (Boyce & Brown, 2019). Healthcare seeks to
reduce health inequities and address the social determinants of health. In 2019, the World Health
Organization reported that healthcare is a major factor in the economic stability of a country and has
a positive impact on the economy through the jobs it creates and the purchase of other goods and
services, such as medical supplies, food and cleaning supplies (Boyce & Brown). According to Nunn
et al. (2020), as cited by the Bureau of Labor Statistics (1980-2019b) 11% of American workers are
employed in some sector of the healthcare system.
Payment for healthcare services is predominantly provided by private insurance or government
programs. Examples of governmental programs include Medicare, Medicaid, the Children’s Health
Insurance Program and the Veterans Administration. The government’s share of healthcare spending
is over 60% of total healthcare costs and accounts for a larger share of the gross domestic product
than total health expenses in other nations (Himmelstein & Wool handler, 2016). Accordingly, the
United States has the highest per capita health care cost of any nation. Healthcare costs increased to
$11,582 per person, which was more than double the year 2000 (How Regulating Hospital Prices
Can Impact Patient Care, 2021).
According to Rodziewicz et al. (2021), medical errors are a leading cause of death in the United
States. The cost of medical errors is approximately $20 billion per year, resulting in an estimated
100,000 deaths annually, so every action to reduce medical error can improve the system, save a life
and improve patient outcome (Rodziewicz et al.). The national impact of medical error has been
demonstrated above, but the personal impact of medical error is even greater, where lives are
destroyed, generations are lost and personnel are traumatized. While altruistic, working to reduce
medical errors makes healthcare a prime industry for an applied doctoral project.
Identify five examples of organizations that occupy this segment of the marketplace. Select entities that have great
propensity for becoming your ADP partner organization.