Assessment 3
Vila Health: Strategic Analysis and Operational Considerations
Write a 6–8 page paper that includes these components: understanding the environment, organizational analysis, and key performance indicators (KPIs).
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Introduction
For leaders in healthcare, strategic analysis is a crucial tool for staying aware of both internal conditions and external environments. Without a strong understanding of both, leaders can make decisions that work in theory but not very effectively in the real world. In this assessment, you will create a succinct and thorough analysis of the internal and external environment for a medical center. You will be presented with a simulation in which a CFO of a medical center is working on strategic planning and needs more information about the current state of this facility as well as external market conditions that affect its competitiveness. This report should help stakeholders understand the importance of understanding the environment in which the organization operates. Additionally, it should clearly lay out an analysis of the internal and external environments and apply one or more strategic frameworks to analyze the environment and raise operational considerations.
Scenario
This assessment is based around the following media simulation. Be sure you have completed this activity before completing this assessment.
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Vila Health: Strategic Analysis and Operational Considerations
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In addition to the scenario presented in this media, incorporate the following change in the organization’s environment when creating your analysis for this assessment:
· A new for-profit 50-bed acute care hospital is slated to open in the next eight months, offering a full complement of services.
The goal of this assessment is to create a succinct and thorough analysis of the internal and external environment for St. Anthony Medical Center. This report should help stakeholders understand the importance of understanding the environment in which the organization operates. Additionally, it should clearly lay out an analysis of the internal and external environments and apply one or more strategic frameworks to analyze the environment and raise operational considerations.
Instructions
Use the following resource for information about how to search the Capella library and find appropriate sources to support your assessment:
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Healthcare Administration Undergraduate Program Library Guide
This assessment has three distinct parts:
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Part 1: Understanding the Environment.
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Part 2: Organizational Analysis.
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Part 3: Key Performance Indicators.
When completing your assessment, read the instructions carefully to make sure you are addressing all the scoring guide criteria.
Part 1: Understanding the Environment
For this part of your assessment, the focus should be on providing a brief analysis of the ways in which competition within the healthcare industry affects strategic planning and should be incorporated into strategic planning. As a part of your analysis, you should consider the types of evidence and analysis that would be compelling to the stakeholders at St. Anthony Medical Center to ensure that they are onboard and understand the importance at considering the competition in the environment when undertaking strategic planning. This relates to both internal and external factors.
As you create this part of your assessment, it may be helpful to think about these following areas and aspects of an organization that compete for time, attention, and resources:
· External competition.
· Staffing.
· Stakeholders.
· Organizational capacity.
Relevant Scoring Guide Criterion
· Analyze the impact and importance of understanding competition within the health industry as it applies to strategic planning.
Part 2: Organizational Analysis
In Part 2, you will present an environmental analysis for the organization. Additionally, you will discuss one or more strategic frameworks (for example, a SWOT analysis) and apply it to the scenario presented in the media simulation. Finally, you will create a compelling argument as to the need for utilizing a strategic framework and the potential implications for the organization’s future if nothing is employed.
It may be useful to apply Porter’s five forces model when conducting and communicating your analysis.
Relevant Scoring Guide Criteria
· Analyze the internal, general, and external environment within which an organization operates.
· Examine strategic frameworks of healthcare organizations.
· Discuss implications for the organization’s future if strategic frameworks are not utilized.
Part 3: Key Performance Indicators
What are three KPIs that you would recommend using to monitor performance based upon strategic targets? What tool would you use to measure metrics? Justify your choice and include best practices with references to outside sources.
Relevant Scoring Guide Criteria
· Discuss three KPIs.
· Recommend a tool to monitor performance based on strategic targets and include a justification of the tool.
Additional Requirements
Your assessment should also meet the following requirements:
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Communication: The following two scoring guide criteria will be used to grade your work.
· Communicate in a professional and effective manner by writing content clearly and logically, with the correct use of grammar, punctuation, and spelling.
· Apply APA formatting to in-text citations and references.
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Structure: Include a title page, table of contents, and reference page.
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Length: 6–8 double-spaced pages.
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References: Cite at least three current scholarly or professional resources.
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Format: Use APA style for references and citations. See the
Evidence and APA
section of the Writing Center for more information.
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Font and font size: Times New Roman, 12 point.
Competencies Measured
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:
· Competency 1: Apply theories and best practices in strategic leadership to drive improvements for healthcare systems.
· Analyze the internal, general, and external environment within which an organization operates.
· Discuss implications for the organization’s future if strategic frameworks are not utilized.
· Competency 2: Apply theories and best practices in human resource and workforce management to solve organizational issues in healthcare systems.
· Analyze the impact and importance of understanding competition within the health industry as it applies to strategic planning.
· Examine strategic frameworks of healthcare organizations.
· Competency 3: Analyze the components of high performance teams to enable the achievement of the departmental strategic vision.
· Discuss three KPIs.
· Recommend a tool to monitor performance based on strategic targets and include a justification of the tool.
· Competency 4: Communicate in a manner that is scholarly, professional, and respectful of the diversity, dignity, and integrity of others and is consistent with healthcare professionals.
· Communicate in a professional and effective manner by writing content clearly and logically, with the correct use of grammar, punctuation, and spelling.
· Apply APA formatting to in-text citations and references.
