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S1 E8 - The Economic Reality of Healthcare Systems with Dr. Terry Mulligan
In this powerful continuation of the Terry Mulligan Double Header, Frank About Health takes a deeper and more strategic look into the underlying economic realities shaping modern healthcare systems.
Building upon the previous episode’s discussion, Dr. Terry Mulligan explains why many healthcare systems across the world struggle to function in the way patients expect or believe they were originally intended to operate. Rather than existing as a fully patient-centered ecosystem, the healthcare industry has evolved into a complex balance between three dominant stakeholder groups:
Insurance Systems
Pharmaceutical Companies
Hospital & Healthcare Networks
Within this structure, patients often become the audience navigating a system influenced heavily by economics, policy, logistics, risk management, reimbursement models, and operational survival.
During the episode, Dr. Mulligan explores how these competing interests impact:
Access to care
Emergency response systems
Healthcare equity
Innovation adoption
Cost management
Clinical decision making
Long-term public health preparedness
Drawing from his extensive international work in emergency preparedness and healthcare coordination through GEMI Health, Dr. Mulligan also shares insights into how global emergency management systems operate differently around the world and what lessons can be learned from both successful and strained healthcare infrastructures.
