Introduction to E-Commerce in Healthcare Industries of UK

E - COMMERCE
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Tables of Content
INTRODUCTION...........................................................................................................................2
PART A...........................................................................................................................................3
PART B...........................................................................................................................................5
CONCLUSION................................................................................................................................8
RERENCES.....................................................................................................................................9
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INTRODUCTION
Internet commerce or electronic commerce simply means selling and buying various services or
various commercial and non-commercial goods over the internet. This also includes the transfer
of data and money of the concerned consumer. Electronic commerce includes all sorts of
commercial transactions using the internet but mostly selling of physical products in the online
platform is encouraged. In 1994, the 11th of August the first ever sale of a good was registered
where a person made an effort to sell a CD through an American platform for retail businesses.
Since then, the concept of e-commerce witnessed continuous growth and development as the
independent freelancers, independent small business and even large organizations understood
that the scope of selling the services and goods is much greater than that of any offline retail
method that is used traditionally. E-commerce sales of retail industries are expected to reach $27
trillion by 2020 in the global arena. Hence, the present study concentrates upon the idea of e-
commerce in Healthcare industries of UK (Bartlett, Y.K., 2015).
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PART A
Regarding the analysis of the problem, a research question has been synthesized for solving the
respective research problem.
Research Question: What is the need for the introduction of e-commerce in the Healthcare
Industries of the UK?
Purpose of the study
The Healthcare Industry of the UK holds revenue more than one-seventh of the total economy of
the nation, which is approximately one trillion dollars. Adding on to it, the cost of escalating
Health Care systems, which has been very high. The main ambition of this assignment is to
enumerate the need for the introduction of e-commerce in the Healthcare Industry of the UK, as
it possesses the ability to carry out the Health Care business more precisely and with ease (. This
will also immensely reduce the cost of escalation or development of the industry as e-commerce
consumes 2% of the total revenue (Amponsah and Mensah, 2016). This also eradicates or curbs
the need for distribution, by providing a software client to maintain a sworn network, which also
provides support for all the queries evolved from it.
Rationale of the study
This study is mainly concerned with the introduction of e-commerce in the Healthcare Industry,
as it is being duly afflicted and tormented by the conventional health-care practices, escalating
service costs, declination of benefits served to the patients, and excessively poor services
rendered to the customers. According to a recent survey, approximately 59 percent of natives
have told that there is a dire need for the introduction of a major change, in the Healthcare
system. The majority of Health Care computer networks are custodial thus there is a lack of
proper flow of communication, as each network supports different communication ideals. The
process of reference within the providers is costly and disorganized, most of the times including
a fifteen step referral process and approximately amounting to $40, per reference. E-commerce,
with its systematizing ability, have the appearance of assisting the Healthcare Industry and
connecting with the sellers, buyers', and trading partners through the use of electronic
information technologies, by carrying out various business transactions among them. Combining
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