Organization’s Mission, Value, and Vision
A mission is not a limited objective but rather an overarching guiding direction. Every mission is accompanied by a vision for the future of the organization. The vision statement helps the company concentrate on future objectives and provides the organization with direction. The purpose of an organization should be a tool for determining firm strategy, establishing the organization’s leadership position, and influencing the attitudes of its stakeholders (Saeidi et al., 2021). As the nonprofit Health Net of California, Blue Cross established Health Net in 1977. A California court decision from 1992 allowed the corporation to switch from nonprofit to for-profit status. The California Wellness Foundation received $300 million in addition to owning 80 percent of Health Net’s parent holding company, as required by the state’s Department of Corporations’ conversion order (Batt, 2021). Health Net and Qualmed created Health Net International in August of 1993. In April 1997, Health Net International and Foundation Health Net Corporation merged to set up Charity Health Solutions. In addition, Structure Health and wellness Units acquired PACC Wellness Tactics and Physicians Health And Wellness Companies in 1997. The organization, referred to as Foundation Health Units transformed its label to Wellness Web, Inc. in Nov 2000. Its stock began providing on the Stock exchange under the “HNT.” In July 2009, UnitedHealth Team purchased a total amount of $510 thousand from Health net’s certified subsidiaries in the northeastern location and their Medicare and Medicaid functions. In November 2009, the attorney general’s office in Connecticut examined a misplaced, unencrypted hard disk containing consumer information services (Health Net Group, About us. n.d.). Health Net provided impacted clients two years of free credit protection from the business Debix.
The Centene Enterprise specified on July 2, 2015, that it would get Health Net for $6.8 billion. Health And Wellness Web Federal Solutions (HNFS) is now a separate subsidiary of Centene as an outcome of the offer. In 2018, Arizona Health Web merged with various Centene centers to become Arizona Full Wellness services (Health Net Group, About us. n.d.). As of September of this year (2019), Health Net has a new chief executive officer in Brian Ternan. In 2018, Health Net received the National Committee for Quality Assurance’s prestigious Commendable Accreditation (NCQA).
Gap analysis
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The business volume concerns Healthnet since they anticipate yearly revenue of $4 billion but have only generated $ 1.8 billion. The company must devise a technique to increase revenue to the anticipated level (Castro, 2022). There are just a few options for boosting company volume: expanding the scope of services, using clever advertising techniques such as web marketing, and offering incentives to employees. Health Net has 5724 employees, a decrease of 2% from the previous year, which is considered the second concern (Zhang, 2021). This should be considered a severe issue, and an increase in staff size and quality should be verified. Health Net’s current expected revenue per employee is $314,600. It must be addressed by providing an appropriate learning system to enhance employees’ abilities. As a result of the pandemic season, all organizations were confronted with some challenges in managing personnel shortages and coverage values. This may be circumvented by demonstrating individualized care for clients via technological advancements and enabling simple accessibility, such as through Telemedicine. Competitor threats may be addressed by bolstering personnel, enhancing customer service efficiency, and applying technological advances in the industry.
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