(WGU AMT2) HCM 6000 Service Line Development - Readiness Assessment Guide Q & S (WGU AMT2) HCM 6000 Service Line Development - Readiness Assessment Guide Q & S (WGU AMT2) HCM 6000 Service Line Development - Readiness Assessment Guide Q & S
,1. Multiple Choice: Which of the following is a key factor in the
successful development of a new service line?
a) Market demand analysis
b) Competitor service offerings
c) Financial projections
d) All of the above
Answer: d) All of the above
Rationale: A successful service line development requires a
thorough analysis of market demand, an understanding of
competitor offerings, and accurate financial projections to ensure
viability and sustainability.
2. Fill-in-the-Blank: The __________ model is a strategic tool used
to analyze the competitive environment of a healthcare service line.
Answer: Porter's Five Forces
Rationale: Porter's Five Forces model helps in understanding the
competitive forces at play in the healthcare industry, which is
crucial for developing a robust service line strategy.
3. True/False: Service line development should prioritize high-
volume, low-margin services to ensure profitability.
Answer: False
Rationale: While volume is important, the focus should be on
services that align with the organization's strengths and market
needs, which may not always be low-margin services.
, Answers: a), b), c), and d)
Rationale: Service line development is multifaceted, involving
collaboration across disciplines, marketing to communicate value,
risk assessment to mitigate potential issues, and patient-centered
care to improve outcomes.
5. Multiple Choice: In assessing the feasibility of a new service line,
which financial metric is most critical?
a) Return on Investment (ROI)
b) Net Present Value (NPV)
c) Contribution margin
d) Payback period
Answer: b) Net Present Value (NPV)
Rationale: NPV provides a comprehensive view of the projected
cash flows over time, discounted for the time value of money,
making it a critical metric for long-term feasibility.
6. Fill-in-the-Blank: The process of defining how a service line fits
into the broader organizational strategy is known as __________.
Answer: Strategic alignment
Rationale: Strategic alignment ensures that the service line
development is in sync with the organization's overall goals and
strategic direction.
7. True/False: A service line should be developed based solely on
the current technology available within the healthcare organization.
Answer: False
Rationale: While current technology is a factor, service line
development should also consider future technological
advancements and potential investments to stay competitive.
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