In my opinion we need bandages, potions and spells for healing, not messing up your bedroll with all that blood or sitting in a damp and mouldy dungeon. Those wounds are sure to fester if you try.
Waiting/resting in order to regain stamina - sure!
Waiting/resting in order to regain health - only very very slowly with the chance of getting a fever which would drain your health and stamina even more.
Using healing potions/spells or (herbal) bandages - excellent!
I think it would be great if Bethesda would introduce bandages. That way you could use your alchemical skills to make herbal bandages while out in the field when you don't have your equipment with you to make full healing potions