answer p4 p5 p6 only

Hospital Services: Establishment for a healthy present and future tith Have you ever considered how huge the medical care industry is? Medical care takes over 10% of the GDP of most developed nations. The worldwide wellbeing industry was worth $8.45 trillion in 2018 and the global medical services spending could reach over $10 trillion by 2022 (WHO, 2019). Internationally, medical care consumptions would increase at a yearly pace of 5.4% somewhere in the range of 2019 and 2022, as indicated by the most recent medical care insights. When it comes to healthcare expenditures, the United States of America tops the list, spending $10,224 per person by the end of 2021. Other top spenders on health include Switzerland, Germany, Sweden, and Austria. Health and wellbeing are a fundamental right, as indicated by the World Health Organization (WHO). This basically means everyone should have access to the specified health services without enduring financial difficulty. As indicated by an UN-backed report, 3.5 billion individuals, representing the greater part of the total populace do not have access to essential health services. No less stressing, out-of-pocket healthcare expenditures force 100 million individuals to make their living on USD1.90 or even less a day. At present, 800 million individuals burn their 10% of their monthly income or more on medical services costs. For nearly 100 million of this group, their healthcare expenditures are high enough to push them into severe poverty. Healthcare System Healthcare systems, thus, determine the means by which individuals and institutions buy and receive health services. It depends on the country which type of healthcare system it supports. Given the responsibility of payment starting from public that's social welfare and personal health insurers to the consumer-driven by patients themselves. These systems finance and organize the services delivered by providers. A two-tier system of public and personal is common. Healthcare or medical care services are the most important shareholders of the healthcare industry. Pharmaceutical companies, medical devices sector, term care services, medical building management services, and medical consumables industry together contribute toward the healthcare services market. Whilst an end-use segment, hospitals have the most important consumer base within the healthcare industry. The healthcare industry (also called the medical industry or health economy) is an aggregation and integration of sectors within the system that provides goods and services to treat patients with curative, preventive, rehabilitative, and palliative care. It includes the generation as well as commercialization of products and services lending themselves to maintaining and re-establishing health. The present healthcare industry includes three essential branches that are services, products, and finance. It can also be categorised into many segments depending on trained professionals and paraprofessionals to satisfy health needs of people. The United Nations International Standard Industrial Classification (ISIC) categorizes the healthcare industry as below. The demarcation is done for ease of finance and management: 1. Hospital activities 2. Medical and practice activities 3. "Other human health activities" This third class involves activities of, or under the supervision of, nurses, midwives, physiotherapists, scientific or diagnostic laboratories, pathology clinics, residential health facilities, or other allied health professions, e.g. within the field of optometry, hydrotherapy, medical massage, yoga therapy, music therapy, physical therapy, therapy, chiropody, homeopathy, chiropractic, acupuncture, etc. This case- based assignment would throw more light on hospital services. Hospital Services The global hospital services market size valued at USD 7.8 trillion in 2018 and is predicted to grow at a compound annual rate of growth (CAGR) of 8.1% from 2020 to 2026. Hospital services account for a big proportion of health care spending in almost all the nations. Hospitals, therefore, are an integral a part of the healthcare sector and are a serious revenue source for the whole industry, which fuels research and innovation. Therefore, multiple corporations invest significant efforts, both in terms of revenue & marketing strategies, to market their product/services among the hospitals. Hospital services involve service costs of healthcare professionals, asset maintenance costs (repairs of kit and infrastructure), and other costs. Key drivers of hospital services are aging population, rise in prevalence of chronic diseases, increase in income specifically in developing countries, and growth in penetration of insurance. People aged 60 years and above are projected to account for 17% of the worldwide population by 2030. Almost 11.5% of the planet population are going to be over 65 years aged by 2021. Additionally, increased consumption of processed foods, chronic health conditions like diabetes are expected to become more common (WHO. 2018). These two factors. many experts think. will still push both greater demand and greater expenditures within the healthcare industry. Medical costs have increased within the previous couple of decades. Advanced diagnostic technology has paved the way for improved & early disease detection and aided research on treatments for terminal diseases, like cancer. With increasing awareness and affordability, the marketplace for medical services is predicted to grow, which is already evident among many developed nations, as healthcare services contribute significantly to the expansion of their GDP. Global hospital services market size, by service areas, 2015 - 2026 (USD Billion) 5.180.1 0.061.0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2020 Acute Care Cardiovasular Cancer Care - Neurorehabilitation& Psychiatry Services - Pathology Lab. Diagnostics & Imaging Obstetrics & Gynecology Others Insights on Hospital Services Ownership Type Hospital services market are often segmented into public hospitals and personal hospitals. The general public health care system is overburdened in several countries where universal health care coverage is out there for all citizens. Many retail clinics fall into the network of personal hospitals. Globally, the hospital ownership segment indicates the revenue generated by the hospital institution type per region. Global hospital services market share, by hospital type, 2018 (%) Private Hospital State Oured Hospitals Community Hospitals Service Space Out Hospital service areas are segmented by medical conditions into acute care, cancer care, cardiovascular, neurorehabilitation & psychiatry services, pathology lab diagnostics & imaging, obstetrics & gynaecology, cosmetic to orthopaedic procedures and includes dentistry also. Among these segments, cancer and cardiovascular care were observed to be the foremost important in terms of medical costs incurred and other segments in terms of revenue. Service Type The hospital services market has been classified into inpatient and outpatient services. Till recently, inpatient services, including hospitalization procedures that need a patient stay, were considered as a primary revenue source for hospitals. However, presently improved quality of wound healing equipment and quicker recovery from surgeries reduced patient stay duration. Furthermore, the longer hospital stay is a further cost for hospitals, as they reduce a hospital's capacity to admit new patients. The outpatient market, on the opposite hand, is predicted to grow within the future as a result of development in communication technology, which paved the way for the expansion of telemedicine and remote consultation procedures. Conclusion Rest assured - opportunities in hospital sector exist in abundance. Health has always been a priority for any Government as well as the common man. You are continuing to be employed as a Business Analyst for Government department of healthcare you researched in Assignment 1. The Head of the Department really liked your last written report and would like you to take up second part of the report and make a presentation as well. The new assignment is to critically evaluate the impacts of both Macro and Micro factors have upon YOUR organization's objectives and decision-making. The written business report should include the following: 1. A PESTEL analysis. 2. A SWOT analysis. STUDENTS - Please read the following page carefully to ensure You meet the grade criteria. Learning Outcomes and Assessment Criteria Pass Merit Learning Outcome Distinction LO3 Use contemporary P4-Identify the positive M3 - Apply appropriately examples to demonstrate both and negative impacts the the PESTLE model to the positive and negative macro environment has support a detailed influence/impact the macro upon business operations, analysis of the macro environment has on business supported by specific environment within an operations examples. organisation. D2 - Critically evaluates the impacts that both P5 - Conduct internal and macro and micro external analysis of factors have upon business objectives and LO4 Determine the internal specific organisations in M4 - Apply appropriately decision-making. strengths and weaknesses of order to identify strengths swot analysis and specific businesses and explain and weaknesses. justify how they their interrelationship with external macro factors P6 - Explain how influence decision- strengths and weaknesses making. interrelate with external macro factors. Hospital Services: Establishment for a healthy present and future tith Have you ever considered how huge the medical care industry is? Medical care takes over 10% of the GDP of most developed nations. The worldwide wellbeing industry was worth $8.45 trillion in 2018 and the global medical services spending could reach over $10 trillion by 2022 (WHO, 2019). Internationally, medical care consumptions would increase at a yearly pace of 5.4% somewhere in the range of 2019 and 2022, as indicated by the most recent medical care insights. When it comes to healthcare expenditures, the United States of America tops the list, spending $10,224 per person by the end of 2021. Other top spenders on health include Switzerland, Germany, Sweden, and Austria. Health and wellbeing are a fundamental right, as indicated by the World Health Organization (WHO). This basically means everyone should have access to the specified health services without enduring financial difficulty. As indicated by an UN-backed report, 3.5 billion individuals, representing the greater part of the total populace do not have access to essential health services. No less stressing, out-of-pocket healthcare expenditures force 100 million individuals to make their living on USD1.90 or even less a day. At present, 800 million individuals burn their 10% of their monthly income or more on medical services costs. For nearly 100 million of this group, their healthcare expenditures are high enough to push them into severe poverty. Healthcare System Healthcare systems, thus, determine the means by which individuals and institutions buy and receive health services. It depends on the country which type of healthcare system it supports. Given the responsibility of payment starting from public that's social welfare and personal health insurers to the consumer-driven by patients themselves. These systems finance and organize the services delivered by providers. A two-tier system of public and personal is common. Healthcare or medical care services are the most important shareholders of the healthcare industry. Pharmaceutical companies, medical devices sector, term care services, medical building management services, and medical consumables industry together contribute toward the healthcare services market. Whilst an end-use segment, hospitals have the most important consumer base within the healthcare industry. The healthcare industry (also called the medical industry or health economy) is an aggregation and integration of sectors within the system that provides goods and services to treat patients with curative, preventive, rehabilitative, and palliative care. It includes the generation as well as commercialization of products and services lending themselves to maintaining and re-establishing health. The present healthcare industry includes three essential branches that are services, products, and finance. It can also be categorised into many segments depending on trained professionals and paraprofessionals to satisfy health needs of people. The United Nations International Standard Industrial Classification (ISIC) categorizes the healthcare industry as below. The demarcation is done for ease of finance and management: 1. Hospital activities 2. Medical and practice activities 3. "Other human health activities" This third class involves activities of, or under the supervision of, nurses, midwives, physiotherapists, scientific or diagnostic laboratories, pathology clinics, residential health facilities, or other allied health professions, e.g. within the field of optometry, hydrotherapy, medical massage, yoga therapy, music therapy, physical therapy, therapy, chiropody, homeopathy, chiropractic, acupuncture, etc. This case- based assignment would throw more light on hospital services. Hospital Services The global hospital services market size valued at USD 7.8 trillion in 2018 and is predicted to grow at a compound annual rate of growth (CAGR) of 8.1% from 2020 to 2026. Hospital services account for a big proportion of health care spending in almost all the nations. Hospitals, therefore, are an integral a part of the healthcare sector and are a serious revenue source for the whole industry, which fuels research and innovation. Therefore, multiple corporations invest significant efforts, both in terms of revenue & marketing strategies, to market their product/services among the hospitals. Hospital services involve service costs of healthcare professionals, asset maintenance costs (repairs of kit and infrastructure), and other costs. Key drivers of hospital services are aging population, rise in prevalence of chronic diseases, increase in income specifically in developing countries, and growth in penetration of insurance. People aged 60 years and above are projected to account for 17% of the worldwide population by 2030. Almost 11.5% of the planet population are going to be over 65 years aged by 2021. Additionally, increased consumption of processed foods, chronic health conditions like diabetes are expected to become more common (WHO. 2018). These two factors. many experts think. will still push both greater demand and greater expenditures within the healthcare industry. Medical costs have increased within the previous couple of decades. Advanced diagnostic technology has paved the way for improved & early disease detection and aided research on treatments for terminal diseases, like cancer. With increasing awareness and affordability, the marketplace for medical services is predicted to grow, which is already evident among many developed nations, as healthcare services contribute significantly to the expansion of their GDP. Global hospital services market size, by service areas, 2015 - 2026 (USD Billion) 5.180.1 0.061.0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2020 Acute Care Cardiovasular Cancer Care - Neurorehabilitation& Psychiatry Services - Pathology Lab. Diagnostics & Imaging Obstetrics & Gynecology Others Insights on Hospital Services Ownership Type Hospital services market are often segmented into public hospitals and personal hospitals. The general public health care system is overburdened in several countries where universal health care coverage is out there for all citizens. Many retail clinics fall into the network of personal hospitals. Globally, the hospital ownership segment indicates the revenue generated by the hospital institution type per region. Global hospital services market share, by hospital type, 2018 (%) Private Hospital State Oured Hospitals Community Hospitals Service Space Out Hospital service areas are segmented by medical conditions into acute care, cancer care, cardiovascular, neurorehabilitation & psychiatry services, pathology lab diagnostics & imaging, obstetrics & gynaecology, cosmetic to orthopaedic procedures and includes dentistry also. Among these segments, cancer and cardiovascular care were observed to be the foremost important in terms of medical costs incurred and other segments in terms of revenue. Service Type The hospital services market has been classified into inpatient and outpatient services. Till recently, inpatient services, including hospitalization procedures that need a patient stay, were considered as a primary revenue source for hospitals. However, presently improved quality of wound healing equipment and quicker recovery from surgeries reduced patient stay duration. Furthermore, the longer hospital stay is a further cost for hospitals, as they reduce a hospital's capacity to admit new patients. The outpatient market, on the opposite hand, is predicted to grow within the future as a result of development in communication technology, which paved the way for the expansion of telemedicine and remote consultation procedures. Conclusion Rest assured - opportunities in hospital sector exist in abundance. Health has always been a priority for any Government as well as the common man. You are continuing to be employed as a Business Analyst for Government department of healthcare you researched in Assignment 1. The Head of the Department really liked your last written report and would like you to take up second part of the report and make a presentation as well. The new assignment is to critically evaluate the impacts of both Macro and Micro factors have upon YOUR organization's objectives and decision-making. The written business report should include the following: 1. A PESTEL analysis. 2. A SWOT analysis. STUDENTS - Please read the following page carefully to ensure You meet the grade criteria. Learning Outcomes and Assessment Criteria Pass Merit Learning Outcome Distinction LO3 Use contemporary P4-Identify the positive M3 - Apply appropriately examples to demonstrate both and negative impacts the the PESTLE model to the positive and negative macro environment has support a detailed influence/impact the macro upon business operations, analysis of the macro environment has on business supported by specific environment within an operations examples. organisation. D2 - Critically evaluates the impacts that both P5 - Conduct internal and macro and micro external analysis of factors have upon business objectives and LO4 Determine the internal specific organisations in M4 - Apply appropriately decision-making. strengths and weaknesses of order to identify strengths swot analysis and specific businesses and explain and weaknesses. justify how they their interrelationship with external macro factors P6 - Explain how influence decision- strengths and weaknesses making. interrelate with external macro factors