BHA FPX 4104 Assessment 2 Strategic Analysis and Operational Considerations

BHA 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.