MHA 598 Wk 2 – Summative Assessment: Economic and Market Impact Report

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 1,225- to 1,550-word 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.

Cite any references to support your assignment.

Format your citations according to APA guidelines.

Submit your assignment.