HCM 325 Module Four Assignment Worksheet 4-2 Analysis

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Apr 3, 2024

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HCM 325 Module Four Assignment Worksheet In this assignment, you will explore your selected service’s position in the market in relation to two of its competitors. This assignment will assist you in completing the Market Analysis section of your strategic marketing proposal, which you will draft for Milestone Two. Complete this worksheet by replacing text in brackets. Do not alter the worksheet or submit the assignment in the form of an essay. For this and all worksheets, you are not required to include a cover page. The Module Four Assignment Rubric will be used to assess the following critical elements : State the organization and the service you selected for the final project . NYU Langone Perlmutter Cancer Center Competitor 1 1. Identify the competitor. Memorial Sloan Kettering Cancer Center 2. Provide a brief description of the organization . “Memorial Sloan Kettering Cancer Center (MSK)—the world's oldest and largest private cancer center—has devoted more than 130 years to exceptional patient care, innovative research, and outstanding educational programs.” (American Charities) 3. Describe the competitor’s service : Memorial Sloan Kettering provides cancer treatment to adults and children. They also provide counsel and support, fun activities for cancer patients, nutrition services, and support services for pediatric patients, etc. 4. Outline three strengths and weaknesses for the competitor’s service: Strengths Weaknesses 1. Is ranked #2 in cancer hospitals 1. Internal allegations of ethical lapses 2. Attract a large customer base 2. Reports of operating loss 3. Research and development 3. Some marketing failures 5. Point(s) of difference : Based on your analysis of the competitor service’s strengths and weaknesses, describe the unique aspects of the service that differentiate it from similar services in the market. [Insert text.] Competitor 2 1. Identify the competitor. Montefiore Medical Center 2. Provide a brief description of the organization . Provide coordinated, comprehensive care to patients and their families across the Bronx, Westchester, and the Hudson Valley (Montefiore Medical Center) 3. Describe the competitor’s service : This organization provides general medicine services and some specialty treatments for cancer patients. It is focused on early cancer diagnosis and treats over 200 cancers and over 300 clinical trials.
4. Outline three strengths and weaknesses for the competitor’s service: Strengths Weaknesses 1. Increase scope of medical services 1. Financial weakness 2. Attract large customer base 2. Restricted patient protection 3. Research and development 3. Brand is unclear and confusing 5. Point(s) of difference : Based on your analysis of the competitor service’s strengths and weaknesses, describe the unique aspects of the service that differentiate it from similar services in the market. Based on the analysis Memorial Sloan Kettering offers better services and is ranked higher than Montefiore and NYU Langone. However, NYU Langone has a strong financial support system because it does not rely on the government for funding. Based on these organizational weaknesses, Montefiore should work on improving very important patient protection and Memorial can recover from losses. However, they must address the issues with their high-ups having relations with drug companies. Role of Healthcare Consumer Assume the role of a healthcare consumer in need of the type of service selected. Select a service from a healthcare consumer perspective and explain why this competitor’s service was chosen. Use specific examples from the research on the service to support your response. As a consumer, I would choose Memorial Sloan Kettering based on its ranking and the services it provides. The extensive support and counseling provided to patients in every area of care would be great for me as a consumer because I would want to be treated in a place that not only focuses on treating with drugs but somewhere that supports my mental well-being and also guides into eating the right foods that will aide in my treatment process to gain a better outcome. References Memorial Sloan Kettering Cancer Center (n.d) Patient Support https://www.mskcc.org/experience/patient-support Montefiore Einstein Comprehensive Cancer Center. (2024) New research. Discoveries. New options. https://cancer.montefioreeinstein.org/
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