Analysis of the Healthcare Industry
Instructions:-
Analysis of the Healthcare Industry in the United States
Submit an analysis of the industry in which your organization is a part in MEMO format. You should review the video on Library Business Resources for guidance on obtaining industry-specific information appropriate for academic research and writing. This video was also available in BA500, but it serves as a friendly reminder. For basic information on formatting and principles of memo writing, please refer to Chapter 9 of your text, as well the article, “The Best Memo You’ll Ever Write” by Holly Weeks, and additional resources in the course module.
The company you have selected for this term is one enterprise in a larger industry. An industry is a group of companies producing similar products or services (e.g., fast food, higher education, automotive, etc.). An industry is not limited to a small geographic area. Your Industry Analysis should consider the entire industry within the United States in which your company belongs. Include additional information about regional factors if appropriate.
The following subheadings are suggestions for organization of your memo (followed by sufficient and well-cited analyses):
Industry Size and Growth Trends
Maturity of the Industry
External Economic Factors and their Effect on the Industry
Seasonality
Technological Factors
Regulatory, Political, and Legal Concerns
Competitive Environment and Changes in the Competitive Environment
Key Challenge(s) Facing the Industry
Company’s Steps to Meet One Key Challenge
NOTES:
You must use information from at least five unique sources as part of your analysis. Published sources that you might consult include trade journals, industry publications, and U.S. Department of Commerce publications.
In order to avoid cases of plagiarism or patch writing, ensure all sources are properly cited in APA format and that thoughts are synthesized and represent your unique analysis and interpretation of the data.
You should review the video on Library Business Resources for guidance on obtaining industry-specific information appropriate for academic research and writing. This video was also available in BA500, but it serves as a friendly reminder.
APA / Turnitin Tip: Submit your paper 1 to 2 days before the deadline; check your Tii score. If over Brenau’s 20% limit; redo you paper and re-submit it. Only the re-submitted paper will be graded.
For basic information on formatting and principles of memo writing, please refer to pages 169-174 of your text, as well the article, “The Best Memo You’ll Ever Write” by Holly Weeks and the Online Writing Laboratory Memo pages (https://owl.english.purdue.edu/owl/resource/590/03/).
Memos do not require a title page, abstract, or running header.
Page numbers and a separate References page are required. Both must be APA format.
Memos should be 2-3 pages long, not counting the reference page and any attachments or addenda.
Suggested Sources:
Bannow, T. (2019). December saw the most new healthcare hires in decades. Modern Healthcare, 49(1), 2–2.
Kacik, A. (2020). Higher prices driving growth in healthcare spending. Modern Healthcare, 50(13), 10–10.
Livingston, S. (2017). Healthcare sector drives yearly job growth. Modern Healthcare, 47(2).
CHANGES IN COMPETITION ACROSS THE FIELD:
O’Hanlon, C. E. (2020). Impacts of health care industry consolidation in pittsburgh, pennsylvania: a qualitative study. Inquiry : A Journal of Medical Care Organization, Provision and Financing, 57, 46958020976246–46958020976246. https://doi.org/10.1177/0046958020976246
EXTERNAL FACTORS EFFECTING HEALTHCARE:
McDougall, M. (2020). Look beyond coronavirus for long-term growth in healthcare. Investors Chronicle, 44, 44–44.
Iskandar, K. A., Hanna, A. S., & Lotfallah, W. (2019). Modeling the performance of healthcare construction projects. Engineering, Construction and Architectural Management, 26(9), 2023–2039. https://doi.org/10.1108/ECAM-08-2018-0323
CHALLENGES ACROSS HEALTHCARE:
Dunn, A., Grosse, S. D., & Zuvekas, S. H. (2018). Adjusting health expenditures for inflation: a review of measures for health services research in the united states. Health Services Research, 53(1), 175–196. https://doi.org/10.1111/1475-6773.12612
Du, J. Y., Rascoe, A. S., & Marcus, R. E. (2018). The growing executive-physician wage gap in major us nonprofit hospitals and burden of nonclinical workers on the us healthcare system. Clinical Orthopaedics and Related Research, 476(10), 1910–1919. https://doi.org/10.1097/CORR.0000000000000394
Parsons, J. E. (2019). Addressing workforce challenges in healthcare calls for proactive leadership. Frontiers of Health Services Management, 35(4), 11–17. https://doi.org/10.1097/HAP.0000000000000058
COMBATING ISSUES AND CONCERNS IN THE INDUSTRY:
CLOSING:
Dolfman, M. L., Insco, M., & Holden, R. J. (2018). Healthcare jobs and the great recession. Monthly Labor Review, 1-20, 1–20.