Impacts of Patient Protection and Affordable Care Act on Organization Essay Example

part of their job terms.

The lack of skilled workers has impacted small businesses, making it challenging for them to compete. This issue has also had a detrimental effect on Molina healthcare, as they face high taxes and have to offer low wages. Consequently, they are losing market share. Moreover, the introduction of the Patient Protection and Affordable Care Act has resulted in joblessness within Molina healthcare. This legislation has caused private organizations like them to be overshadowed by the more economical and efficient PPACA law opted for by their clients.

Many healthcare organizations are unable to keep their staff on board due to insurance providers withdrawing support. Unemployment is additionally impacted by the rising taxes on healthcare products like scissors, trowels, and hospital sheets. As a result, consumers cannot afford to purchase these goods, resulting in low purchasing power within the country. Consequently, businesses suffer due to the high cost of manufacturing goods (S.Foster, 2010).

Healthcare Reform

The CEO and managers of Molina healthcare, with a membership of 5 million people, need to become familiar with the Patient Protection and Affordable Care Act (PPACA) to effectively advise their customers on policy selection. It is crucial for the organization to understand the healthcare policies offered to clients. Thus, company managers should review these reforms under PPACA to ensure a clear understanding of the policies provided to employees (David l.).

Auerbach (2014) emphasizes the importance of comprehending the internal environment of a significant corporation like Molina healthcare for effective business planning. Such understanding enables entrepreneurs to recognize their business's strengths and weaknesses. A potential weakness may involve a scarcity of existing customers or limited financial resources (S.Foster, 2010). The organization evaluates

various internal factors, which include:

Financial

The financial risk depends on the business organization's structure and the transaction or financial system's rate. For example, relying too much on certain customers can impact your business. However, this factor does not significantly affect Molina healthcare organization due to its strong financial position, evidenced by its annual revenue collection exceeding 9 million USD (S.Foster, 2010).

Innovations

Business reforms like PPACA can be overcome by introducing new inventions to sustain the business.

It is beneficial to stay ahead of your competitors by implementing innovative improvements in marketing strategies, staff training, welfare, and marketing planning. In order to keep up with technological advancements, inventing new technology is the most effective approach (David Edward Marcinko, 2013). One notable invention resulting from the PPACA reform is the Molina Medicare Options plus (HNO SNP) plan, which is a contract with Medicare or a state Medicaid Program (Molicahealthcare.com).