Compare and contrast article 1 and article 2. How are the two different Healthcare systems alike and no alike. Please list WEBSITE LINKS if used a references.

Article 1:

• Is the system practicing related or unrelated diversification? Why or why not?

The Hospital Corporation of America (HCA) is practicing related diversification as they focus organizational growth on the expansion of their core business. HCA is committed to improving the quality and overall patient experience within their health system. Additionally, a key mantra for the organization is "the improvement of human life" (Hospital Corporation of America, 2022). In addition to the constant improvement of their hospitals and health system as a whole, HCA makes strides to address environmental, social, and governance (ESG) issues. While disaster relief and sustainability efforts are not directly related to their hospitals and health systems, they relate to the overarching theme of improving human life. HCA also is not entering these different type markets, rather taking proactive and philanthropic steps (not addressing ESG for profit or for revenue goals) to simply help out and make a positive impact. HCA's revenue goals and growth are centered around their healthcare for patients and communities, while simply incorporating a more responsible and expanded approach to improving overall human life.

• Does this strategy reflect its mission and vision? Explain.

This strategy does reflect HCA's mission and vision. HCA's mission is: "Above all else, we are committed to the care and improvement of human life" (Hospital Corporation of America, 2022). As I mentioned earlier, this involves a focus on improving patient care, quality, and experience. The mission also relates to ESG efforts that prioritize the future of human life. ESG efforts go above patient care and quality to ensure a brighter future for our entire population. Their values involve compassion and care for all alike, respect for colleagues, and an ethical business model. These values are actualized in their core business functions and their ESG efforts. An ethical business who values each unique patient helps the HCA to continue to grow as a health system. Their care for the population and for the entire world ties into their philanthropic ESG efforts.

Article 2:

Q1. Is the Texas Health Resource system practicing related or unrelated diversification? Why or why not?

Unrelated diversification occurs when a firm expands into unrelated products, services, or markets. In this case, the Texas Health Resource system is expanding into a new geographic region and offering different types of health care services. This type of diversification does not increase the overall risk of the firm; it simply increases its size and scope by offering more options to customers. The Texas Health Resource system consists of many different hospitals and clinics, each operating independently. The first hospital was founded by Dr. Robert E. Berry in 1953, and has since expanded to include seven hospitals, five nursing homes, a home health agency, a children's wellness center and daycare facility, a rehab center, and more. Each of these facilities is run independently from one another and provides medical services for various types of patients. This means that the company does not really have any related business unitsinstead it has just one primary product line: healthcare services provided by the different hospitals and clinics. Since each hospital or clinic operates independently from one another and are even in different states, it would be hard for them to share resources or collaborate on projects with one another because they're all located so far apart from one another physically. In recent years, the Texas Health Resources system has expanded its activities through a number of acquisitions and partnerships. The system expanded its footprint in the region by acquiring two hospitals in North Texas in 2015. The system has also been extending its offerings, most recently with the opening of Texas Health Urgent Care. The change away from the system's traditional focus on acute care hospitals is reflected in this development into new markets and services.

Q2. Does this strategy reflect its mission and vision? Explain.

The Texas Health Resource system has been growing in the healthcare industry for the last ten years and it has now reached a point where it needs to expand its business model beyond the healthcare industry. The mission of the Texas Health Resource system is "to provide quality care at a reasonable cost". The vision of the Texas Health Resource system is "to be recognized as one of America's leading providers of medical services". It seems that these two statements are not in line with unrelated diversification because unrelated diversification requires companies to expand their business model into different industries which are not related to each other. However, there are many benefits that can be gained from unrelated diversification such as economies of scale and risk reduction. The company has expanded into unrelated industries by investing in data centers, which are not related to its core business of providing health care services to patients. This strategy does not reflect its mission and vision because it is not focused on providing services to patients but rather investing in data centers that are unrelated to its core business. In conclusion, I believe that unrelated diversification does not reflect the mission or vision of the Texas Health Resources system because they should continue focusing on providing quality care at affordable costs.