Wgu c432 - Study guides, Class notes & Summaries

WGU C432 Session 2 Latest 2023 Graded A Accountable care organization (ACO) A payment and healthcare delivery model in which a group of healthcare providers work together to coordinate a patient's care, improve quality, and reduce costs. Barriers to entry Obstacles that impede an organization from entering a market. Benchmarking Comparison of internal data to those of outside organizations for purposes of evaluating an organization's performance. Business plan A written document that de...

WGU C432 HEALTHCARE MANAGEMENT AND STRATEGY FINAL TEST QUESTIONS AND ANSWERS.LATEST UPDATE. Status: Passed 1. A home health agency provides care primarily to Medicare consumers. The agency is considering expanding the range of services offered. What is one reason this agency would be considering this strategy? YOUR ANSWER CORRECT ANSWER To diversify its payer mix To open a second location To increase professional staff To add electronic health records ...

Acquisition - Answer The purchase (or merger) of an existing organization broad differentiation strategy - Answer type of strategy aimed at offering products that consumers perceive to be distinct from competitor's products and that appeal to a wide segment of a market Broad low-cost strategy - Answer type of strategy aimed at providing low-cost products to a broad customer segment Business model - Answer the underlying structure of an organization; the means through which ...

Acquisition The purchase (or merger) of an existing organization broad differentiation strategy type of strategy aimed at offering products that consumers perceive to be distinct from competitor's products and that appeal to a wide segment of a market Broad low-cost strategy type of strategy aimed at providing low-cost products to a broad customer segment Business model the underlying structure of an organization; the means through which an organization creates and delivers value to its ...

WGU C432 Healthcare Management & Strategy Latest 2023 Rated A+ Business-Level Strategy The strategic scope and direction of strategic business units (SBUs). SBUs focus on specific product/service lines while under the umbrella of corporate direction. Corporate-Level Strategy The overall strategic scope and direction of a corporation. The primary function of corporate-level strategy is to allocate capital funds to SBUs and decide which businesses to enter or exit. Emergent-Strategy a pattern of...

WGU C432 Healthcare Management and Strategy Already Passed Acquisition The purchase (or merger) of an existing organization broad differentiation strategy type of strategy aimed at offering products that consumers perceive to be distinct from competitor's products and that appeal to a wide segment of a market Broad low-cost strategy type of strategy aimed at providing low-cost products to a broad customer segment Business model the underlying structure of an organization; the means through w...

WGU C432 Healthcare Management and Strategy Modules 1, 2 & 3 Questions and Answers Graded A+ What is organizational ethics? A. Corporate policies and procedures that are used to detect and analyze ethical risk B. Gray areas within the workplace that do not have a right or wrong answer C. An understanding of whether a particular action in the workplace is legal or illegal D. Right or wrong, acceptable or unacceptable conduct in an organizational environment E. A moral code developed throu...

Healthcare Management & Strategy WGU C432 Already Passed!!

Business-Level Strategy a plan that indicates how a division intends to compete against its rivals in an industry Corporate-Level Strategy A plan that indicates in which industries and national markets an organization intends to compete. Emergent-Strategy any unplanned strategic initiative bubbling up from the bottom of the organization Functional-Level Strategy Strategic scope and direction at the operating division, department, or project level. This type of strategy is driven by produc...

WGU C432 Session 2 Latest 2023 Graded A Accountable care organization (ACO) A payment and healthcare delivery model in which a group of healthcare providers work together to coordinate a patient's care, improve quality, and reduce costs. Barriers to entry Obstacles that impede an organization from entering a market. Benchmarking Comparison of internal data to those of outside organizations for purposes of evaluating an organization's performance. Business plan A written document that define...