MHA 598 University of Phoenix Brand in The Health Sector Essay

Please be mindful of the due dates. All assignments will be run through a plagiarism checker

Wk 2 – Summative Assessment: Economic and Market Impact Report

Exam Content

Due: 5/13/22

By this point in the course, you have developed an understanding of the relationship between economics and the costs of health care. Furthermore, market trends and demands differ from locality to locality, and it is advantageous for health care administrators to be aware of the particular drivers of demand impacting their facilities.

Review the SWOT analysis you completed for your organization in MHA/505. Applying your knowledge of economic principles, analyze how economic concepts impact the opportunities or threats facing your organization.

Write a 1,225- to 1,550-word report of your organization’s SWOT and how economics in your market impact the strategy and future of your organization. Include the following:

Summarize the major economic trends in your market.

Evaluate whether these trends benefit or harm your organization’s strategic goals. Provide a rationale for your response.

Evaluate whether the economy in your market presents opportunities or threats for your organization, or both. Describe them and how they apply to your organization.

Examine whether your organization can influence the economics in your area. Explain your perspective.

Wk 3- Pending

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Due: 5/20/22

Wk 4 – Summative Assessment: Health Care Accounting

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Due: 5/27/22

A good financial strategy can always be improved. Having knowledge of your organization’s finances provides the leverage to make decisions that affect the outlook and goals of the company. This assignment gives you an opportunity to examine company practices from a financial lens, which provides you with insight into what drives financial decisions for a health care system.

Obtain a recent financial statement for your organization, detailing expenses and revenues (This can be from within the last year. You may need to work with your supervisor to obtain a financial statement.).

Note: If you cannot access a financial statement, discuss it with your faculty member.

Write a 1,225- 1,550-word report on the major trends in your organization’s expenses and revenues. Include the following points:

Analyze any trends in expenses and revenue that you see. Are they on target to meet budget goals?

How can your organization contain or reduce expenses without damaging services and quality of care?

Can your organization’s reimbursement strategy be improved to increase revenue? If so, what would it be, and how would it be implemented?

How can your organization use its financial performance to build its brand?

Wk 5- Pending

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Due: 6/3/22

Wk 6 – Summative Assessment: Supply Chain Management

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Due: 6/10/22

In the final week of the course, you synthesize the knowledge of health care costs, revenue, and expenses, along with the underlying economic drivers of these considerations to evaluate ways to improve quality of care and to lower costs for patients. You also integrate considerations in supply chain management that can impact your brand and, in turn, affect demand for your services, whether positively or negatively.

Write a 1,225- to 1,550-word report of your organization’s supply chain management and how it impacts your organization’s brand. Include the following points:

• Based on the assignment in Week 2, analyze how the economics in your market impact your organization’s management of its supply chain.
• Based on the assignment in Week 4, analyze if the expenses in your organization are impacted positively or negatively by how the supply chain is managed.

Summarize the state of supply chain management and operations at your organization. Make any recommendations based on supply chain best practices to enhance its performance within the context of the health care sector.

Many suppliers and their customers co-brand now (think of Coca-Cola and McDonald’s). Are there opportunities for your organization to co-brand with any of its supply chain partners? If so, what are the advantages?