Conducting an Environmental Analysis

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ovtgvgf2003

Business Finance

Description

For all assignments assume that you are the administrator of a fictitious organization of your choice. The organization can be any type of health care organization such as a hospital, nursing home, rehabilitation center, clinic, etc. As the administrator, you are faced with the challenges of declining reimbursements from insurance providers and increasing demands for patient services due to dramatic changes in the external environment. Such changes include those imposed by the Patient Protection and Affordable Care Act.

Your first step in evaluating the position of your organization will be conducting an environmental analysis. The purpose of this is to determine your organization’s ability to continue to provide quality care and remain financially solvent in the face of these challenges.

Write a six to eight (6-8) page paper in which you:

1.Determine two (2) specific forces in the external environment that will have the most impact on your organization. Provide a rationale for your decision.

2.Determine two (2) specific internal factors that the organization’s leaders need to consider in preparing for the future of health care and the future of the organization. Provide a rationale for your decision.

  1. Discuss the impact of both the identified internal and external forces on the organization’s ability to develop a competitive strategy.
  2. Recommend one (1) strategy that involves the organization’s managers in implementing and maintaining the momentum of the strategic plan.
  3. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites to not qualify as academic resources.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Differentiate between strategic management, strategic thinking, strategic planning, and managing strategic momentum.
  • Analyze the significance of the external environment’s impact on health care organizations.
  • Examine the purpose and importance of service area competitor analysis.
  • Examine the role of internal environmental analysis in identifying the basis for sustained competitive advantage.

Use technology and information resources to research issues in the strategic management of health care organizations.

  • Write clearly and concisely about strategic management of health care organizations using proper writing mechanics.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running Head: HEALTH CARE

1

HEALTH CARE ADMINISTRATION
INSTITUTION AFFILIATION
NAME
DATE

HEALTH CARE

2

Factors influencing health care practices
The external influence has affected the healthcare practice in many hospitals, just because these
external forces do not originate from the hospitals but are externally created, and the hospital have to
adjust their condition in response to the external factors. Government legislation is one of the external
factors affecting the hospitals in a big way and important laws that has impacted the health acre is the
Patient Protection and Affordable Care Act, which is famously known as the Obama care. The ACA
act was formulated without a considerate consultation from the stakeholders in the healthcare industry
and hence it has harmonized the medical practice which is to the advantage of the general public but it
had made the hospital care services to deteriorate since the reimbursement are considerately lowered,
and the more patients are expected to serve by the hospital. This implies that the hospital will have to
serve more patients and will again operate under minimum budgets that will prevent the doctors from
according the best healthcare services to the patients.
The ACA was enacted by the 11th Congress in the year 2009 and was signed into law by
President Obama, and its primary objectives were to make the health care better, affordable, and more
accessible through making of financial, clinical and technological changes to the delivery of the
healthcare practice. This policy was formulated with the primary objective of increasing the quality and
affordability of the health insurance, expand te insurance cover to enhance the number of the individuals
covered by the insurance and cut the cost of the insurance cover. With these amendments, the largest
beneficiaries are the people on the receiving head. However, this law poses a challenge for the health
administrators. How will they provide the highest possible quality care at the lowest cost is the question
challenging them to ponder against their will unless the government has outlined incentives on return.
All in all, whether there are incentives or not, the administration will be requiring to change their
financial structure purposively to accommodate the changes (Kuo, 2012). This varies from the pay

HEALTH CARE

3

structure to purchasing cost as well as regarding another overhead cost to be incurred, otherwise, how
would they manage, treat diseases while still maintaining low affordable rates for everyone. Also, with
increased changes in technology consequently even making the process lot easier to the patients while
delivering the medical care to the patients’ home will necessitate a significant shift in the administration.
Meanwhile, the pay model will change for the physicians who will earn the high salary as compared to
the previous fee- for procedure model of payment.
Following the requirement of ACA act, the implications are that administrators will be required
to carry a concerted, well-coordinated effort to address these massive challenges. This means that the
highly skilled practitioners will have to adopt other new roles so as to achieve the required
improvements of quality Medicare. Other frontline workers from the nurses to the laboratory and
ambulatory technicians will take new responsibilities and assume training for new roles. Usually,
training and education are core necessities in preparing the health personnel's meet the required
standards imposed by the law. Looking at this from a distance, the future for the health practitioners will
include working as a realm of inter-disciplines making use of the sophisticated technology while
dispensing care to non-hospitalized citizens. In the wake of such challenges as imposed by the act, the
change of health care structure is inevitable.
Also, the medical insurance industry was poised to lose lots of money. However, many of them
are making money and are expanding; this explains why the law will still work despite the critics. With
the Obama care law, insurance markets became more volatile, and adjustments were very much
inevitable. The main argument was that while before the Obama care premiums were bouncing around
with a lot of clients subjected to entry and exit of the market. However, the new system provides
incentives to endure in both in the short term and long run (Wolf, 2012). This can be attributed to law’s
tax cr...


Anonymous
Excellent resource! Really helped me get the gist of things.

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