Solution
Soma answered on
Mar 13 2021
I. EXECUTIVE SUMMARY
At the backdrop of growing health challenges facing by the common people, a response by public health institutions are highly required. BCHI is an organization that seeks to na
ow down the gap between the new research results and its application to public health, mental health, disability, and also health care settings. With the help of dissemination and implementation of evidence-based research work, BCHI intends to understand how best to apply the research findings into the real world. BCHI promotes public health initiatives aiming to facilitate the conditions in which community people can remain healthy. The key focus is to translate the evidence base knowledge into the use for public health. Huge amount of money is required for the research to translate into evidence-based programs and policies for the public use.
America is now facing the challenges of caring the aging population- there is an urgent need to make a significant change in the existing approach to the treatment and service delivery. Unless the policy makers take the urgent action, there is a huge possibility that aging population will experience an unsustainability in terms of cost, access and quality of the care. The key goal of BCHI is to conduct the evidence-based research activities and communicate the health care process to the individual in order to achieve the community health benefits and improve the overall health of the community. High quality research is essential for BCHI to achieve the highest level of health for the community people. But funding is probably the most critical issue today. Without a strong financial support, it will be difficult for BCHI to remain afloat. Financial ba
iers will affect the future direction and growth of the public health organization. The mission of the organization is to educate and train the participant to prevent and overcome the disability and disease and empower them to take utmost care for their own health. The long-term vision is to offer highly cost-effective public health interventions and become a revolutionized leader in delivering the community-based health care (Elke Jakubowski)
II. PURPOSE OF THE BUSINESS PLAN
BCHI is a community-based health research oriented public health organization aiming to protect the community health through the implementation of exercise, nutrition and rehabilitation intervention. Since BCHI is a mission-based organization, it also requires a solid business plan as well as the access to the funding information like any other profit business. Though the goal of BCHI is not to maximize profit, but a good business plan would help to run a fiscally healthy organization. This business plan will help to put request for funding to pursue the mission of BCHI. A good business plan can examine the mission of the company and the fund required to
ing the mission into execution. It will also provide necessary support to sustain business operations.
BCHI can use the business the plan as an effective monitoring tool or as a living document that has to be reviewed and updated regularly. It will help BCHI to track the financials and monitor the funding milestones to make the process streamlined. BCHI definitely needs a formal business plan as it is now searching the outside funds for capital expenses. This business plan is formal appeal to the grant giving foundations, other funding bodies and especially to government agencies to support the ongoing business activities of BCHI. Moreover, creating a detailed business plan will help to connect with the mission, vision and trajectory of the organization. As the business progresses over time, review meetings need to be conducted to monitor the continually evolving strategy and the action plan. (O'Rourke)
III. COMPANY DESCRIPTION & NEED STATEMENT
BCHI fosters and supports the rigorous research initiatives that generates attainable, evidence-based health care outcomes to the community people. This public health organization has provided essential insights into the cu
ent state of evidence-based health policy in America. By leveraging in evidence-based research methods as well as collaborating with major stakeholders, BCHI aims to empower the community people with the best research information available and guide them to prevent and overcome disease with nutrition, exercise and behaviour change. These evidences base exercise will encourage patients for technology enabled self-care and self-management in order to minimize the complications and preserve their health status. Better management of the chronic disease among the aging population in the community can help to avoid the unnecessary interactions with the health system. America is rapidly aging and the aging population is the target customers for BCHI. The organization is putting an attempt to address the Health Needs of an Aging America. (HealthPolicyInstitute)
IV. INDUSTRY/MARKET ANALYSIS
IVA. Heath care industry: an overview and global outlook
Heath care industry is vast, complex, highly fragmented and continuously evolving in this globalized world. Heath Care industry is now characterized by changing patient demographics, developing new expectations of the consumers, new entrants in the market and emergence of technological advancement in health care system. Industry leaders need to navigate the changing landscape of the industry with new expectations and different competitors. In response, many of the leaders are trying to reduce the cost, improve the access and consumer experience with the help of digital technologies. It becomes essential for the stakeholders to invest in the value-based care or innovative care delivery models and build a smart eco system for the health care sector. Financial challenges are definitely one of the major issues facing by public and private health systems across the world in varying magnitude. Cost and complexity of new technology will remain a key concern. Despite numerous challenges, considerable progress has been observed in digital transformation of health care, value-based care and population health management system.
Despite the fact that global economic outlook for 2020 remains sluggish, the health care market is expected to cross $2 trillion mark in this year. Amid trade tensions with China, health care industry is one of major priorities of the voters in the 2020 Presidential election in US. According to the recent research Report, the healthcare market has increased at a CAGR of 7.3% during 2014-2018 and expected to grow at a CAGR of 5% during 2019-2023. Rapid growth of aging population, strong economic growth in emerging market, increase in per capita income, increasing awareness on public health issues among the consumers, reforms in health insurance globally are some of the key attributing factors that have accelerated the growth of the industry. North America is the largest health care market globally followed by Asia Pacific and western Europe. In 2018, North America constitutes 41.9% of the global market. Female...