Assessmentof a healthcare organization

Assignment Help Accounting Basics
Reference no: EM131057837

Strategic Management

In order for one to truly appreciate and learn the concepts of strategic management one must be positioned at the head of the table as a leader in a healthcare organization. This project is intended to afford a proximal experience of some actual events in the health care industry. There are steps that can expedite success when embarking on a career up the healthcare ladder. The first step is to become thoroughly knowledgeable about the facility or organization by performing an assessment.

Part 1) ASSESSMENTof a Healthcare Organization

You must construct a hypothetical health care facility (community hospital, skilled nursing facility, or mental health facility etc). This is base on the components of realfacilities. The factors must be realistic. Keep in mind that everything cost. Do not use real names. If you are employed in a heath care facility you may use your place of employment (again, do not use the real name of the facility). You may use any resources available to you in obtaining the following: (Minimum of 1000 words)

1) Size of the facility (number of beds) and the approximate land area that it occupies
2) Type of facility (services provided) (General Hospital, Skill Nursing Facility etc.)
3) Payment type (private, public, non-profit , etc)
4) Organizational type (hierarchy etc.)
5) Culture and climate of the organization
6) Organizational leaders and stakeholders
7) Organizational communication type (Top-down, etc)
8) Location of the healthcare facility and population size (state and local area)
9) Demographics of the area's population.

Hint: Locate a facility on the internet that is equal in size to the one you are constructing and come in proximity of their makeup.

Part 2) IDENTIFICATION of Threats

Once the assessment is completed on a healthcare facility the second step is to identify internal and external threats to the integrity of the organization. In this step you are to identify those issues affecting your organization. Begin with issues impacting allhealthcare facilities and then, provide three additional issues that are specific to your facility. Therefore, it becomes prudent to perform a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis. Please cite sources. (Minimum of 750 words)

Part 3) APPLICATION of Strategic Plan

You have identified the economic, social, technologic, politicaland competitive changes impacting your healthcare facility. Now it becomes imperative that you address these issues in order to maintain integrity to your facility. Address the identified threats to your organization utilizing strategic management planning, strategic thinking and managing strategic momentum. Be certain to prioritize threats and include time frames (long range and short range). Utilize the concepts and apply principals of strategic management, from your readings, when developing your plan. Please do not simply restate facts. (Minimum of 750 words)

Reference no: EM131057837

Questions Cloud

Some high-level planning during your project initiation : Discussion Question 1: The initiating process is the formal beginning of a new project. As the project manager for the Ground Control System Project, what would you need to know or have before you initiate your project?
Discuss the reasons why you need to use them : Professionals working in software industry often refer "software design" as "building the bridge between user requirements and the software code".
Economic basis for international trade : What are the economic basis for international trade? Explain in detail the gains from mutual absolute advantage and comparative advantage with an example.
Prepare marginal cost of capital schedule : The debt consists of 20-year, 8 percent, $1000 bonds, presently selling at $701.25. Flotation costs on new bonds would raise the effective before tax interest cost to 0.5 percent above the yield to maturity on existing debt. At least half of the net ..
Assessmentof a healthcare organization : In order for one to truly appreciate and learn the concepts of strategic management one must be positioned at the head of the table as a leader in a healthcare organization. This project is intended to afford a proximal experience of some actual e..
Question regarding the asymmetric information : Labor markets are characterized by asymmetric information because
Before-tax component cost of debt : Oberon, Inc., has a $10 million (face value) 8-year bond issue selling for 96 percent of par that pays an annual coupon of 8.00 percent. What would be Oberon’s before-tax component cost of debt?
What was the stock value when purchased : Four years ago I purchased 100 shares of the XYZ Corp preferred stock. The company pays a $6.75 annual dividend and had a required return of 19%. The most recent required return for the stock is 14%. What was the stock value when purchased? What was ..
What is the value of the company stock today : A small business has decided to seek new investors for expansion. The company has recently paid a $4.75 dividend. The average required return for the industry is 17% Dividends have historically grown at a 6% interest rate. What is the value of the co..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd