Economic and Market Impact Report: Johns Hopkins Hospital
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 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.
Here is a link you also may want to view. It’s on SWOT rather than the newer SWOTT. However, the second T simply means you have to review Trends in your analysis. The link:
-You are to use the following format:
Introduction to paper
Explanation of the Organization Being Analyzed (Level 1 Heading)
Business Strengths (Level 1 Heading)
Business Weaknesses (Level 1 Heading)
Business Opportunities (Level 1 Heading)
Business Threats (Level 1 Heading)
Business Trends (Level 1 Heading)
Report of the SWOTT Analysis (Level 1 Heading)
Conclusion to paper
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