Need Help Writing an Essay?
Tell us about your assignment and we will find the best writer for your paper
Write My Essay For MeBHA FPX 4104 Assessment 2 Strategic Analysis and Operational Considerations
Student Name
Capella University
BHA-FPX4104 Strategic Leadership and Workforce Planning in Health Care
Prof. Name
Date
Strategic Analysis and Operational Considerations
This paper explores the intricacies of competition within the healthcare sector and its ramifications for strategic planning while assessing the frameworks relevant to healthcare organizations and their operational implications. By conducting a thorough analysis of internal, external, and general environments, the paper underscores the importance of strategic planning in maneuvering through competitive challenges and ensuring organizational success.
Competition Within the Healthcare Industry
Competition within healthcare sparks debate, with varying perspectives on its impact. While some contend that competition compromises healthcare’s altruistic objectives by emphasizing cost-cutting measures, others advocate for its role in fostering efficiency and innovation (Goddard, 2015). Strategic planning must acknowledge and address external pressures from competition to uphold the organization’s mission and vision (Haas, Jellinek & Kaplan, 2018). Like many healthcare providers, St. Anthony Medical Center must adapt to changing patient needs and market dynamics amid rising competition from outpatient facilities and private clinics (Dafny & Lee, 2016).
Strategic Frameworks of Healthcare Organizations
Strategic frameworks serve as the foundation for organizational planning, offering structured approaches to goal achievement and performance evaluation (Wright, 2018). Notably, two frameworks, the Balanced Scorecard and Porter’s Five Forces, provide valuable strategic insights. The Balanced Scorecard enables organizations to assess performance across various dimensions, aiding informed decision-making (Wright, 2018). Conversely, Porter’s Five Forces framework assists in analyzing the competitive landscape and identifying strategic opportunities and threats (Martin, 2018).
Internal, General, and External Environment
The operational landscape of healthcare organizations is influenced by internal, external, and general environments (Quain, 2018). Internal factors such as organizational culture and stakeholder dynamics shape decision-making and behavior (Quain, 2018). External factors, including market competition and regulatory changes, dictate strategic direction (Quain, 2018). General environmental factors, such as economic trends and technological advancements, further compound the complexity of the healthcare landscape (Quain, 2018).
Consequences of Not Utilizing Strategic Frameworks
Failure to embrace strategic frameworks can have significant repercussions for healthcare organizations, jeopardizing their competitive edge and long-term sustainability. St. Anthony Medical Center’s hesitance to adopt strategic initiatives may lead to dwindling patient volume and revenue loss, compromising its ability to effectively serve the community (Glied & Altman, 2017). Strategic interventions, such as enhancing service offerings and optimizing operational efficiency, are imperative for maintaining relevance in a competitive healthcare market (Roy, 2020).
BHA FPX 4104 Assessment 2 Strategic Analysis and Operational Considerations
References
Chalkidou, K. (2017). Is Competition Bad for Our Healthcare System? We Simply Do Not Know. The Lancet Oncology, 18(11), 1424–1425.
Dafny, L., & Lee, T. (2016). How to Bring Real Competition to the Health Care Industry. Harvard Business Review.
Delegram, T., & Kloc, C. (2016). The Changing Health Care Landscape. Deloitte.
Glied, S. A., & Altman, S. H. (2017). Boosting Competition Among Hospitals, Health Systems Will Improve Healthcare. STAT.
Goddard, M. (2015). Competition in Healthcare: Good, Bad or Ugly? International Journal of Health Policy and Management, 4(9), 567–569.
Haas, D., Jellinek, M., & Kaplan, R. (2018). Hospital Budget Systems Are Holding Back Innovation. Harvard Business Review.
Lynch, P. (2017). Strategic Planning, What Is the Competition Up To. NaviGare Advisory.
Martin, M. (2018). Porter’s Five Forces: Analyzing the Competition. Business News Daily.
Quain, S. (2018). Internal & External Factors That Affect an Organization. Azcentral.
Roy, A. (2020). Improving Hospital Competition: A Key to Affordable Health Care. Medium.
BHA FPX 4104 Assessment 2 Strategic Analysis and Operational Considerations
Thom, K. (2013). The Role of the Healthcare Environment: Challenges and Opportunities. CDC website.
Wright, T. (2018). Choosing the Strategy Frameworks for your Organization. Cascade Execute Strategies.
Download Free Sample
Get Capella University Free BHA Samples
BHA FPX 4002
- BHA FPX 4002 Assessment 3 Historical Trend Analysis
- BHA FPX 4002 Assessment 2 Changes in Medical Education
- BHA FPX 4002 Assessment 1 Evolution of the Hospital Industry: A Comparative Analysis
BHA FPX 4003
- BHA FPX 4003 Assessment 3 Health Care Professionals: Roles and Responsibilities
- BHA FPX 4003 Assessment 2 Managing Quality Across Various Health Care Settings
- BHA FPX 4003 Assessment 1 The Affordable Care Act and Beyond
BHA FPX 4004
- BHA FPX 4004 Assessment 4 Analyze and Apply Dashboard Data
- BHA FPX 4004 Assessment 3 Collaborate on Quality: Issue Analysis and Leadership Plan
- BHA FPX 4004 Assessment 2 Risk Management Policy and Procedure
- BHA FPX 4004 Assessment 1 Address a Patient Safety Issue
BHA FPX 4006
- BHA FPX 4006 Assessment 4 Voluntary Accreditation
- BHA FPX 4006 Assessment 3 Compliance Training: Essential for All
- BHA FPX 4006 Assessment 2 Health Care Fraud and Abuse
- BHA FPX 4006 Assessment 1 Compliance Program Implementation and Ethical Decision-Making
BHA FPX 4008
- BHA FPX 4008 Assessment 2 Financial Statement Analysis
- BHA FPX 4008 Assessment 1 Developing an Operating Budget
BHA FPX 4009
- BHA FPX 4009 Assessment 3 The Revenue Cycle Process
- BHA FPX 4009 Assessment 2 Reimbursement Options
- BHA FPX 4009 Assessment 1 Reimbursement Models in Healthcare
BHA FPX 4010
- BHA FPX 4010 Assessment 4 Develop a Research Plan
- BHA FPX 4010 Assessment 3 Quantitative Research Questions and Methods
- BHA FPX 4010 Assessment 2 Qualitative Research Questions and Methods
- BHA FPX 4010 Assessment 1 Research Problem and Purpose Statements
BHA FPX 4102
- BHA FPX 4102 Assessment 4 Conflict Resolution
- BHA FPX 4102 Assessment 3 Cultural Competence
- BHA FPX 4102 Assessment 2 Emotional Intelligence
- BHA FPX 4102 Assessment 1 Personal Leadership Reflection
Get Free Samples of any Class/Assignment
The post BHA FPX 4104 Assessment 2 Strategic Analysis and Operational Considerations appeared first on Online Class Assignment.
Let our team of professional writers take care of your essay for you! We provide quality and plagiarism free academic papers written from scratch. Sit back, relax, and leave the writing to us! Meet some of our best research paper writing experts. We obey strict privacy policies to secure every byte of information between you and us.
ORDER ORIGINAL ANSWERS WRITTEN FROM SCRATCH