For our class, you will be utilizing the SWOT to analyze an economic legislative change. The link in your readings is one of the best resources that I have found to help you with this project. Do Not use the American Healthcare Act [the ACA/Obama care etc.] for this assignment. The ACA is our healthcare system. You want to look at current legislation [current law] having an impact on our healthcare system. Any SWOT completed on the ACA or proposed legislation will not be accepted.
Please make sure the legislation is an economic legislation [law] document that you are analyzing. For example, antitrust laws, CARES act, HIPAA, HITECH, CHIP, Anti-human trafficking, specific tax laws, any commonsense law such as Click it or ticket or need to be age 21 to buy alcohol or tobacco are all good examples of economic legislation to review and analyze. I would suggest matching the law to the facility. For example, if you are using St. Jude’s hospital, the newest version of the CHIP law would be a good match.
A few tips: Be sure to use in text citations for writing the description of the legislation and have a reference page. A suggestion would be to use the same legislation for your SWOT and milestone 2. Complete the SWOT first then write milestone 2 as you will be able to better answer the milestone questions.
For those who have trouble with charts: You may copy and paste this example into your paper and fill out based on your chosen economic legislation. Do not use direct quotes. Summarize the information for the paragraph description and cite. The bullet points in the SWOT do not need cited as that is your analysis of the legislation.
Add a short paragraph that defines an economic policy that affects the American Health Care act AKA Obama care. Name the economic policy, then describe what this specific policy is supposed to do. For example, the newest CHIP policy for pediatric patients. Cite all the sentences related to your legislation.
Guidelines: Your SWOT analysis should include a one-paragraph description of the economic policy you have chosen, followed by a 2×2 chart with headings for Strengths, Weakness, Opportunities, and Threats. Submissions will be approximately 1–2 pages in length and should follow basic APA formatting for charts and for referencing any sources within the analysis.
PDF: https://learn.snhu.edu/d2l/lor/viewer/viewFile.d2lfile/1339838/23306,2/
Website: https://www.hhs.gov/regulations/index.html
website: https://www.ncsl.org/research/financial-services-and-commerce/state-economic-development-legislation-database
website: https://www.nlm.nih.gov/hsrph.html
Video : https://www.youtube.com/watch?v=JXXHqM6RzZQ
article: https://www.mindtools.com/amtbj63/swot-analysis
8/1/23, 5:23 PM Assignment Information
https://learn.snhu.edu/d2l/le/content/1339838/viewContent/25595974/View 1/2
IHP 620 SWOT Analysis Guidelines and Rubric
Prompt
Using the Shapiro Library and/or your other module resources, identify one recent piece of economic legislation. Describe the legislation and determine its impact on healthcare policy and
delivery. For example, you could research anti-trust laws and their impact on the healthcare industry. Using a SWOT Analysis chart, assess the strengths, weaknesses, opportunities, and
threats to the healthcare industry as a whole.
What to Submit
Your SWOT analysis should include a one-paragraph description of the economic policy you have chosen, followed by a 2×2 chart with headings for Strengths, Weakness, Opportunities, and
Threats. Submissions will be approximately 1–2 pages in length and should follow basic APA formatting for charts and for referencing any sources within the analysis.
SWOT Analysis Rubric
Criteria Exemplary (100%) Pro�cient (90%) Needs Improvement (70%) Not Evident (0%) Value
Strengths Meets “Pro�cient” criteria and
analysis is exceptionally
detailed with speci�c examples
Articulates an analysis of key
strengths of the policy applied
to the healthcare industry
Articulates an analysis of some
of the strengths of the policy
applied to the healthcare
industry, but with gaps in detail
and organization
Does not analyze the strengths
of the policy applied to the
healthcare industry
22
Weaknesses Meets “Pro�cient” criteria and
analysis is exceptionally
detailed with speci�c examples
Articulates an analysis of key
weaknesses of the policy
applied to the healthcare
industry
Articulates an analysis of some
of the weaknesses of the policy
applied to the healthcare
industry, but with gaps in detail
and organization
Does not analyze the
weaknesses of the policy
applied to the healthcare
industry
22
Opportunities Meets “Pro�cient” criteria and
analysis is exceptionally
detailed with speci�c examples
Articulates an analysis of key
opportunities for the
healthcare industry presented
by the policy
Articulates an analysis of some
of the opportunities for the
healthcare industry presented
by the policy, but with gaps in
detail and organization
Does not analyze the
opportunities for the
healthcare industry presented
by the policy
22
8/1/23, 5:23 PM Assignment Information
https://learn.snhu.edu/d2l/le/content/1339838/viewContent/25595974/View 2/2
Criteria Exemplary (100%) Pro�cient (90%) Needs Improvement (70%) Not Evident (0%) Value
Threats Meets “Pro�cient” criteria and
analysis is exceptionally
detailed with speci�c examples
Articulates an analysis of key
threats to the healthcare
industry presented by the
policy
Articulates an analysis of some
of the threats to the healthcare
industry presented by the
policy, but with gaps in detail
and organization
Does not analyze the threats to
the healthcare industry
presented by the policy
22
Articulation of Response
(APA/Mechanics)
Meets “Pro�cient” criteria and
is presented in a professional
and easy-to-read format
Submission has no major errors
related to citations, grammar,
spelling, syntax, or organization
Submission has major errors
related to citations, grammar,
spelling, syntax, or organization
that negatively impact
readability and articulation of
main ideas
Submission has critical errors
related to citations, grammar,
spelling, syntax, or organization
that obstruct understanding
12
Total: 100%
,
2
Milestone One
Student's Name
Institutional Affiliation
Course
Date
Based on the data in the sources, the topic of this study is Memorial Health System, a healthcare organization (Memorial Healthcare System, 2023). Well-known healthcare organization Memorial Health System provides various medical services to its neighborhood. When the business's sub-industry is examined, a hospital or healthcare system offering full medical treatment might be identified as the organization. With a significant presence in the healthcare industry, the company will likely face the financial possibilities and risks of doing business in this vital and dynamic area.
According to the material gathered during Module Two's investigation, Memorial Health System is a nonprofit organization. Memorial Health System was identified as a nonprofit hospital for Financial Assistance, according to a report by Romano (2022), which affirmed the facility's nonprofit status. Nonprofit enterprises, like Memorial Health System, often provide services to their local communities and invest any profits into the business to enhance its operations, facilities, and patient care.
Economic concepts like demand and market/consumer behavior can greatly impact Memorial Health System's financial statements as a healthcare provider. For instance, the company could see a rise in sales throughout particular seasons or times of the year. For instance, the rise in injuries and accidents caused by ice and other weather-related mishaps during the winter may result in a jump in income. Additional elements, including demographic changes, population health, and healthcare policy, may also impact the organization's financial accounts. For Memorial Health System to efficiently manage its resources, create budgets, and maintain financial stability, it is essential to comprehend and respond to these economic concepts. As a notable hospital serving its community, Memorial Health System is a nonprofit healthcare institution.
References
Memorial Healthcare System. (2023). Leadership and Board of Commissioners. Memorial Healthcare System. https://www.mhs.net/about/leadership#:~:text=Memorial%20Healthcare%20System%20is%20a,board%20appointed%20by%20the%20Governor.
Romano, L. (2022, July 6). Memorial Health named as a nonprofit hospital for Financial Assistance. NowDecatur.com. https://nowdecatur.com/2022/07/06/memorial-health-named-as-a-nonprofit-hospital-for-financial-assistance/