Week 1 Quiz Part 1

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School

American Military University *

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HCA415

Subject

Health Science

Date

Jan 9, 2024

Type

docx

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Uploaded by ChiefOpossum176

1. Which of the following is an important component of strategic management for Health Service Organizations? identifying the healthcare needs of the community learning from the experience of counterparts in other industries creating reciprocal relationships with other Health Service Organizations focusing on the organization’s short-term greatest needs 2. How is market share measured? by the amount of annual donations by the amount of annual sales by the number of facilities by the number of employees 3. As the strategic manager of a freestanding ER, Marisol is formulating scenarios about what could happen over the next year with the ER’s volume if another ER was built nearby or an urgency room was built within a 15- minute drive. Marisol’s task is called engaging in strategic __________. modeling

implementation formulation Thinking 4. Market value differs from book value in that market value represents an organization’s __________. amortized assets true worth average profits corrected debt rate 5. Which of the following best describes the concept of concierge medicine ? when clients receive care on a first-come, first-served basis when clients pay a retainer to receive enhanced services when a practice specializes in one type of medicine or body part when a practice offers overnight care and home visits

6. All of the following are important activities in strategic management EXCEPT __________. strategic analysis strategic culture strategy formulation strategy implementation 7. A Health Service Organization is an __________ of the larger healthcare industry. internal market internal sector industry market industry sector 8. How far in the future is the planning horizon for the strategy formulation process? 1 to 2 years 2 to 4 years

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