Organization name:
HCA HOLDINGS, hospital corporation of America (a publicly-held hospital chain.) www.hcahealthcare.com
Strategic recommendations that were provided in previous assignment:
Strategic Recommendations
The following are some the most recommended actions based on the SWOT analysis
i. The organization should make sure that it expands its business to cover other states in the USA as well as other countries in the world. The strategy helps it reach out to the new potential markets which help diversify the organization.
ii. HCA should review its service delivery mechanism with a specific regard to the charges. It is imperative that there is adoption of a mechanism that is easily relatable by the patients to help improve the client base in the existing situation. It also helps secure the future of the company.
iii. The hospital corporation needs to make sure that the employees are motivated to guarantee their effectiveness and dedication in service delivery. They should be provided with a good environment for their work to be efficient. Additionally, they also require regular monitoring and evaluation to help them keep track of the trends.
iv. The company can try to adopt efficient corporate social responsibility techniques to endear itself to the community (Wei et al., 2015). It should aim at making sure that the community perception is changed and that it is seen as a caring facility. The strategy should be replicated in all its branches in the UK and the US to help in achievement of better practices.
v. Ultimately, the company should regularly review its strategies through efficient programs that determine the goals and the results. Comparisons done between the two factors will enable the identification of variations that can be improved through proper understanding of the market structure.
Assignment:
You have been asked to provide more data to support your strategic recommendations that the organization should consider pursuing to effectively compete in the health care marketplace.
Prepare a report of 6–7 pages and include at least 8 relevant peer-reviewed academic or professional references published within the past five years that includes the following information: add all sub headings
- Prioritize all of the strategic recommendations that you identified in the Unit 2 report in order of effectiveness, explaining their impact on the organization’s competitive position in the health care marketplace.
- Prepare an estimate of the resources (operational, human, and length of time) that are needed to implement each of these recommendations. Make a table, 1) recommendations, 2) operational resources ,3) human resources 4) length of time required , then sum up in paragraph also
- Using at least 3 appropriate financial ratios (compound annual growth rate (CAGR), return on equity (ROE), return on investment (ROI), net present value (NPV), profitability index (PI), internal rate of return (IRR), etc.) from your research, demonstrate the financial validity of each of your recommendations. Make a table for it , and then sum up in paragraph also.
- Rank your recommendations based on financial impact.
Assignment Objectives
Assess organizational structure and performance relative to forecasted demand to determine changes as well as potential funding that may be needed.
Compose business strategies to address health complex issues.
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