Monday, December 9, 2019

Strategic Management of Information Systems †MyAssignmenthelp.com

Question: Discuss about the Strategic Management of Information Systems. Answer: Introduction: Value is such an ambiguous term in healthcare sector. Rather, it can be referred to other things such as speed of delivery, quality and availability. Regis Healthcare Limited operates in Australia and the company needs to address the rising budgetary costs of healthcare that defines the value in healthcare (Regis Aged Care 2017). Healthcare expenditure can be seen as large component in a country. Unlike other industry, business models as well as value propositions have changed largely over a time span of 20 years. Michael Porter described the term value chain as a selection of process as well as inputs and outputs as it help in producing a particular product or service. Here, Regis Healthcare Limited has typically grown over time that leads to high levels of duplication of providers as well as disjointed services in general (Peppard and Ward 2016). The value chain of Regis Healthcare Limited is quite similar to other industries that include manufacturers, distributors, wholesalers as well as professionals and payers such as health consumers. Michael Porter suggested or proposed a six-point strategy that organizes care for the patients who visit Regis Healthcare Limited. It is important to measure the outcomes as well as cost for every patient at Regis Healthcare Limited. It is essential to integrate care delivery as well as breakdown in the local nature of care delivery for aged patients at Regis Healthcare Limited. The aged care facilities should build an enabling information technology platf orm for the aged patients. Regis Healthcare Limited is one of the leading operators of aged care facilities in and across Australia and listed in Australian Stock Exchange with an estimated market of 2.5%. This particular aged care facility is growing and ageing population in Australia that has strong demand for health services. It had increased patient volumes as well as specialist medical practitioners that have driven growth. Furthermore, revenue growth will outpace employment growth because of improved efficiency as well as technology at the same time. Regis Healthcare Limited decision to divest is on tune with the strategy for intensifying focus on hospitals as well as diagnostics business in Australia. The Australian healthcare sector in Australia had emerged as one of the largest service sector in Australia. The techniques will be adopted by Regis Healthcare Limited that will benefit aged care groups by providing better facilities. Regis Healthcare Limited should follow hub-and-spoke model. In order to face competition, Regis Healthcare Limited going to be a step further for starting acquiring other hospitals. Regis Healthcare Limited is engaged n providing the latest in internationally recognized medical care to patients by providing variety of ailments and medical conditions. Strategic management cycle is one of the comprehensive approaches that leverage the principles of Hoshin Kanri as well as Blue Ocean Strategy (Lavia Lpez and Hiebl 2014). The first step in strategic management cycle is current performance assessment. It is important for Regis Healthcare Limited to measure the current level of performance. The information should be related to current performance of Regis Healthcare Limited that is readily available from the annual report. The next step in strategic management cycle is internal environment scanning. Internal environment plays important role for attainment of future success in healthcare sector in Australia. Leaders need to undertake internal challenges and aims at understanding changes in competencies or skills, business models, reason for attrition, associate satisfaction as well as technological or infrastructure Defining the role of organization and value chain analysis by applying the analysis to the design and structure of value b y adding activities, value drivers and value chains The value drivers of Regis Healthcare Limited are to provide quality services or facilities to the aged population in Australia. The healthcare system in Australia as a whole is in under pressure (Abdelmoneim Mohamed and Jones 2014). Most of the healthcare professionals as well as government officials are sharing their view on providing high quality services as well as healthcare spending is sustainable on the overall economy. The value chain used by Regis Healthcare Limited actually identifies opportunities that show the ability to compete in the global healthcare space by maximizing its potential for exports as well as attracting foreign investment and talent in the healthcare sector in Australia. The balance of consumers had properly shifted where the public healthcare look for greater need that necessitates on cost efficient healthcare delivery by shared responsibility in and across value chain. The healthcare industry in Australia is hugely affected by the political climate as w ell as potential regulatory changes as it influences proper access and affordability of care at Regis Healthcare Limited. Regis Healthcare Limited is constantly battling to build on healthcare delivery value as well as employment generation and infrastructure development. Regis Healthcare Limited is finding ways to tackle increasing patient populations as well as budget constraints and resources shortages (Hopper and Bui 2016). These activities will give rise to efficiency as it is one of the vital components in hospital management as well as effective service delivery. Analyzing the characteristics of effective strategic and corporate social responsibility related performance measurement and control systems Regis Healthcare Limited had eventually developed new initiatives for reaching out to communities and contributing towards overall growth of people and economy (Hill, Jones and Schilling 2014). Strategic related performance measurement of Regis Healthcare Limited provides healthcare facilities at affordable rates for certain community as well as making quality of life for upcoming generations. Corporate social responsibility of Regis Healthcare Limited believes in investing time and money for the betterment of the overall society. Quality of healthcare in Australia is one of the main encumbrances and ensures through use CSR activities that makes the difference as a huge scale. Regis Healthcare Limited wants to make healthcare services more accessible to the aged groups and reaching out to people and provide them with best medication. The global healthcare industry is in a state of accelerated evolution because of market forces as well as changing demographics. It had created disrupti ons for traditional healthcare models that help in initiating change in typical value chains at Regis Healthcare Limited (Armstrong 2014). Describing and applying strategic management accounting techniques to the selection, planning, implementation, control and monitoring of projects Strategic management accounting is one of the ongoing process organization that need to be applied for analyzing the internal processes as well as resources that deliver these healthcare services (Fullerton, Kennedy and Widener 2014). The techniques used need to be implemented by Regis Healthcare Limited for executing the necessary strategies for meeting the objectives. In order to ensure success, the staff members working at Regis Healthcare Limited should understand their roles as well as responsibilities. The Management of Regis Healthcare Limited monitors the projects by assessing the level of performance for given period of time. An ageing population has increased demand for many health services in Australia. Controlling of these techniques is important where Regis Healthcare Limited offers insightful industry analysis as well as research into market at the national level. The healthcare systems in Australia are changing at a rapid pace where the country seeks ways for combating on ageing population as well as uneven service distribution and efficiency problems at the same time (Drury 2013). Reference List Abdelmoneim Mohamed, A. and Jones, T., 2014. Relationship between strategic management accounting techniques and profitabilitya proposed model.Measuring Business Excellence,18(3), pp.1-22. Armstrong, P., 2014. Limits and possibilities for HRM in an age of management accountancy.New Perspectives On Human Resource Management op. cit. at, pp.154-166. Drury, C.M., 2013.Management and cost accounting. Springer. Fullerton, R.R., Kennedy, F.A. and Widener, S.K., 2014. Lean manufacturing and firm performance: The incremental contribution of lean management accounting practices.Journal of Operations Management,32(7), pp.414-428. Hill, C.W., Jones, G.R. and Schilling, M.A., 2014.Strategic management: theory: an integrated approach. Cengage Learning. Hopper, T. and Bui, B., 2016. Has management accounting research been critical?.Management Accounting Research,31, pp.10-30. Kalkhouran, A.A.N., Rasid, S.Z.A., Sofian, S. and Nedaei, B.H.N., 2015. A Conceptual Framework for Assessing the Use of Strategic Management Accounting in Small and Medium Enterprises.Global Business and Organizational Excellence,35(1), pp.45-54. Lavia Lpez, O. and Hiebl, M.R., 2014. Management accounting in small and medium-sized enterprises: current knowledge and avenues for further research.Journal of Management Accounting Research,27(1), pp.81-119. Peppard, J. and Ward, J., 2016.The strategic management of information systems: Building a digital strategy. John Wiley Sons. Regis Aged Care. 2017.Regis Aged Care | The Support You Need | Aged Care in Australia. [online] Available at: https://www.regis.com.au [Accessed 16 Nov. 2017].

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