Market Analysis

When you have no idea what to do with your written assignments, use a reliable paper writing service. Now you don’t need to worry about the deadlines, grades, or absence of ideas. Place an order on our site to get original papers for a low price.


Order a Similar Paper Order a Different Paper

Grading Rubric Must Be Followed

Create 3–5-page executive summary of a market analysis that identifies the critical success factors of a labor and delivery service line in a targeted marketplace. This assessment uses scenarios and data from St. Anthony Medical Center, a virtual health care organization set in Minneapolis, Minnesota.

Questions to Consider:

External Assessment

Consider these questions:

  • What statistics (such as demographics, health outcomes, et cetera) are related to the service being studied?
  • How are excellent providers designated?
  • What do potential consumers of the service expect from their care providers?
  • What are the typical payer source composition and reimbursement rates related to the service nationally and locally?

Internal Assessment

Consider these questions:

  • What is the general image or culture projected by the organization?
  • Does the service line within the specific organization under investigation meet, exceed, or fall short of patient expectations?
  • Is there information available related to licensure, accreditation, and commendation status?
  • Are there any special issues in the news related to either the organization or the type of health service offered?

Scenario

You have been selected to serve as the health care administration intern to the vice president of operations at St. Anthony Medical Center, a health care organization that is part of the virtual Vila Health Care system. St. Anthony operates at a minus 1-percent or break-even status with respect to profitability. The board of directors is wondering if this is a service line worth continuing, given that it does not appear to directly contribute to the bottom line: profit.

Your first task as an intern will be to examine St. Anthony Medical Center’s current labor and delivery service line, describe how this service is marketed to the public, and share observations or insights as they relate to the health care labor and delivery marketplace in Minneapolis, Minnesota.

Step One: Preparation

Use the Internet, the Capella University Library, and suggested resources to ensure you have surveyed the field of market assessment and planning tools. You should be familiar with the following topics before beginning this assessment:

  • PEST (PESTLE) analysis.
  • SWOT analysis.
  • Porter’s five forces model.
  • Philip Kotler’s marketing plan. (Kotler’s format has been widely adopted across industries).

You must also know how to write an executive summary.

Step Two: Internal and External Market Analyses

Complete the following:

  • External Assessment: Use the Internet to conduct an external environmental assessment of the health care labor and delivery marketplace in Minneapolis, Minnesota. Use at least one situational or environmental assessment tool from your studies or research.
    • Note: Capture screenshots of the websites of the health care organisations you visit that are located within the Greater Minneapolis metro marketplace. These screenshots will make it easier to compare and contrast what you find on the Internet with information presented inside the virtual world of St. Anthony Medical Center.
  • Internal Assessment: Using an internal assessment tool (such as SWOT), analyze St. Anthony Medical Center’s labor and delivery service.
    • Gather information by visiting the virtual website (located inside the Vila Health Challenge multimedia).
    • Examine various facets of the operation (for example, prenatal consumer service offerings, innovations, differentiating competitive advantages, the use of social media, and so forth).
Step Three: Executive Summary

In a 3–5-page executive summary, include the following information:

  • Integrate the external environmental and internal organizational analyses and summarize the key points discovered in your market analysis.
  • Propose a list of relevant health care marketing issues that the organization could focus on to improve the service offering.
  • Share any insights regarding critical success factors, return on investment, and organizational viability. Support your ideas with relevant and authoritative sources.

RESOURCES:

Sanity in Graduate School

This article helps you manage your learning as well as emotional ups and downs during your time in graduate school:

Social Media and Social Marketing
Topic Overview

Review the following:

Patient Connection and Engagement

Review the following:

Strategic Planning

Review the following:

Social Media Tools

Review the following:

Health Care Marketing

Read or view the following:

  • Health Care Marketing Terminology | Transcript.
  • Kotler, P., & Armstrong, G. (2016). Principles of marketing (16th ed.). Upper Saddle River, NJ: Prentice Hall. Available from the bookstore.
    • Chapter 1, “Marketing: Creating Customer Value and Engagement,” pages 26–61.
    • Chapter 2, “Company and Marketing Strategy Partnering to Build Customer Engagement, Value, and Relationships,” pages 62–91.
Market Analysis

This article discusses approaches to the strategic planning of knowledge management:

This article suggests using the opportunity assessment matrix to address strategic issues in the business environment today:

This article discusses major concerns with SWOT analysis:

This study presents the process and outcomes of IT strategic planning at a pediatric hospital in Canada:

This article takes an overview of challenges and opportunities in the Indian health care system:

Industry Analysis

Review the following:

Environmental Analysis

Review the following:

Assessment Tools

Review the following:

Suggested Resources for Additional Exploration

Review the following:

This article discusses the use of Twitter to measure patient quality of care:

Writerbay.net

Get help with your complex tasks from our writing experts. Kindly click on ORDER NOW to receive an A++ paper from our masters- and PhD writers.

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper