Wgu c432 - Study guides, Class notes & Summaries

1) Who should drive the development and implementation and be included in the planning group? A)Vice president and the Joint Commission B) The stake holders and CEO C) CFO and COO D) CEO and Board Chair - ACCURATE ANSWERCorrect Answer: D 2)Societal environment encompasses all but A) Government Regulations B) Economics C) Pre-existing conditions D) Cultural Values - ACCURATE ANSWERAnswer: A 3) Focused approach to marketing for a primary care physician would be: A) Advertising sho...

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 & 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...

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 Healthcare Management & Strategy Latest Graded 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 patte...

WGU C432 Healthcare Management and Strategy + Pre Assessment 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, departmen...

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 ...

Healthcare Management & Strategy WGU C432 Already Passed!!

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...

WGU C432 Pre- assessment Questions and Answers Graded A+ 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? To diversity its payer mix To open a second location To increase professional staff To add electronic health records To diversify its payer mix A hospital's chief executive officer (CEO) suddenly becomes critically ill at a...