BHA-FPX4112 The Supply of Health Care Services with the Supply of an Automobile

The supply of health care depends on changes in the components of the production function such as labor, capital, and intermediate inputs. The production functions shows that availability of physicians, surgeons, technicians, nurses, administrative staff, and others determine the volume of services available to consumers (Christos et al., 2019). The hospital buildings, beds, diagnostic tools, and other equipment also influence supply of services. Additionally, more patients benefit from a facility with adequate intermediate inputs such as wound dressing, anesthetics for operation, and pharmaceutical products (Christos et al., 2019). Supply in the healthcare sector depends on human factors such as the staffing levels, employee motivation, burnout, and accessibility of services. Most hospitals have challenges of longer wait times, staff shortages, and technological barriers that limit patients from receiving the best services.

Persistent nurse and physician shortages reveal the need for significant investment in training and recruiting competent professionals to handle a growing population of patients with different health needs. For instance, the United States requires adequate staffing to respond to the needs of elderly patients with multiple chronic conditions. The demand for health services exceed the supply, hence limiting more patients from accessing primary care providers and specialists (Christos et al., 2019). Further, an increasing number of retiring nurses and physicians reduces supply and undermines ability to address individual and population needs.

The supply of health services also depends on the number of healthcare facilities within a community. Patients in remote rural locations are the most affected by the low number of primary care and specialty care. More hospitals are also likely to close due to new policies that increase the cost of operation. The events trigger delayed or postponed access to care due to limited supply. Thus, healthcare providers supply more services through technological advances. Product and process innovations increase drugs and other items in the market. Similarly, advanced machinery such as x-ray machines, MRI equipment, and others increases services available to patients with different healthcare needs.

Supply in the automobile industry depends on the purchase price, manufacturing cost, and the level of competition. The higher the willingness to pay higher prices, the higher the likelihood of increased supply of cars (Sedjati et al., 2017). Similarly, reduced manufacturing costs motivates producers to deliver more products to the market. Supply in both healthcare and automobile sectors depends on the number of firms. More companies means increased supply of products and services. In the healthcare sector, wait times and staff burnout influence supply of services.