4 Business Ideas For The Health Industry: What You Need To Know

Three focuses of my blog are Money/Financial Literacy, Business/Entrepreneurship and Health/Wellness. Like all business sectors, the health industry has its own caveats and considerations in terms of being successful in it. The following contributed post is entitled, 4 Business Ideas For The Health Industry: What You Need To Know.

* * *

Image credit

New business ideas are popping up all the time. In fact, there are so many that it’s hard to keep track of them all – and that’s a good thing! With that being said, the healthcare industry is one of the best places to start if you’re looking for a profitable business opportunity. Read on to discover some great ways to get started in the healthcare industry.

Fitness Apps

If you are interested in the fitness industry, this might be a great starting point when choosing your new business idea. Fitness apps are an increasingly popular way of keeping track of your exercise. There are many different types of apps, each offering various kinds of services. For example, some apps will allow you to create your own workout routines, while others will let you find gyms and fitness centers near you.

Supplements

If you’re in the health industry and want to sell supplements, you might want to look at your location. Some supplements are only allowed to be sold in certain places. For example, supplements that promise to cure or treat diseases like diabetes or depression are often regulated by the FDA and are only allowed to be sold by licensed medical professionals. If you live in a place where supplements are regulated, you’ll want to ensure that you follow the laws and sell the right products. One type of supplement you might want to consider selling is vitamin gummies. The gummies industry is becoming increasingly popular, so choosing this style of supplement can help you get a foot in the door. A gummy depositor can help you create the correct type of gummies for your business venture in higher quantities.

Dental Care Services

Dental care is one of the best industries to consider if you want to start a new business.

Everyone needs a good dentist and if you can offer supplemental services or partner with other healthcare centers, you can offer a greater value proposition to patients. In the US, the dental care industry is worth nearly $110 billion so there are plenty of options to make a successful career in this industry. Be it by providing dental care services directly, managing dental care centers, or even working with suppliers for new service ideas and innovation.

Medical Equipment and Supplies

If you’re already in the healthcare industry, you might want to consider selling medical equipment and supplies. This is a very profitable business, especially if you specialize in something like wheelchairs or mobility aids. Medical equipment and supplies can be sold online and through physical storefronts. If you decide to open a physical store, you’ll want to make sure that it’s accessible to those who need your services and can meet their needs and get them the right products. Alternatively, you can market your products directly to healthcare institutions if you prefer a B2B business over a B2C model.

Conclusion

The health industry is one of the best places to start when choosing your new business idea. However, there are many different types of businesses to consider within the health industry. Depending on which kind of business you choose, you’ll want to ensure that it’s regulated in your area so that you’re following the law and that customers can purchase your product. When choosing your new business idea, make sure that you take all of these factors into consideration to ensure that you find a profitable business!

Stopping The Epidemic Of Health Hazards

A key focus of my blog is Health/Wellness. A major concern is that our current health system as currently stands, poses numerous inherent hazards to the patients. The health industry is vast and has numerous moving parts. The following contributed post looks at the many health hazards in the industry and what can be done about them. It is entitled, Stopping The Epidemic Of Health Hazards.

* * *

The health industry resembles a mythical monster. It has multiple heads. Its tentacles expand in many directions at the same time. And more importantly, nobody knows how to manage it. In a modern take on the Twelve Labors of Hercules, the health industry, like the Nine-headed Hydra of the mythology, has more than one heads you need to pay attention to. Indeed, on the one hand, doctors and hospitals are in charge of providing a service. The second of its third head is science and research, which keeps the sector relevant to modern day issues. And finally, the third head is for health hazards, all the dangers within the health industry. While Hercules finally conquered Hydra, we are not at a stage where the health industry can yet be safely managed. It is vital that we understand the diversity and range of risks for each head. This article focuses on exploring health hazards.

Hercules slaying the Hydra

There’s medication for everything and everything in your medication
A few days ago, the US Food and Drug Administration issued further recalls for the blood pressure medication losartan. Indeed, impurities that have been discovered in the recalled lots – NMBA, or N-Nitroso N-Methyl 4-aminobutyric acid – are potentially carcinogen. The presence of the chemical is, so far, unexplained, but it is suspected to be linked to a potential risk of contamination in a medical factory. Indeed, the contamination risks in a pharmaceutical plant are extremely high as there are many interactions with equipment, workers, and suppliers during the manufacturing process. Consequently, despite strict sanitary and hygienic policies, a human or mechanical error can, unfortunately, introduce harmful compound to the final product.

I can just bin it, right?
More and more often, households are the origin of devastating health risks. Indeed, homes with pets and young children are careful to keep medication out of reach of the most vulnerable family members. However, everyday health-related items can be disposed of without a second thought about their potential danger, such as aerosols or even UV lamps for light therapy treatment. Waste removal and especially hazardous waste disposal should be entrusted to professionals only, as the chemical elements contained in some healthcare items could threaten your health if they were accidentally exposed. Additionally, they also lead to environmental damages if they are not handled with care.

Marketing without research could be a slow death sentence
It’s not uncommon in a fast-moving market to launch products that might seem safe at first, but that lack appropriate testing. Ultimately, it doesn’t take long to come across products that we know are harmful today but that were once promoted as a health savior. Radioactive toothpaste was highly popular in the first half of the 20th century, as it was thought to give your teeth a natural and healthy glow. A French makeup brand even recommended radioactive lipstick for a vibrant red shade. Nowadays, the next hype product that lacks research is the vaping pipe. Indeed, long-term effects are unknown. Additionally, some pipes have exploded and caused serious injuries.

The bottom line is that the health industry Hydra hasn’t yet reached its final shape. However, we need to gain a deep insight into the diversity of health hazards that Hydra has in store for us. Ultimately, you can only defeat what you know.