PESTLE Analysis of Ryman Healthcare Company

According to (Ismail, Zuriadah, and Nurhanie (6), a comprehensive understanding of the business analysis helps in making the right decision in the organization. As the company operates, it understands both the internal and the external factors. They assist in maximizing the opportunities and minimizing the threats that an organization may suffer. Fundamental company reports provided a complete overview of the company's affairs through the analysis of existing information. PESTLE analysis assists in comprehensively justifying the opinions, estimates plus all the annual information of performance. Such factors as considered useful in the analysis include corporate strategy, company history, major products, critical operational heads, key competitors, and important locations and subsidiaries of the company. Political Ryman Healthcare Company is impacted by many factors politically driven.

Such factors encompass insurance mandates, tax legislation changes, and consumer protections. The New Zealand government initiatives on healthcare are affected by the tax policy. In most cases, the Ryman Healthcare Company has benefited from the increased subsidies though there still concern on the prioritizing of the healthcare services with other challenges. Economic All healthcare organizations are affected by many economic factors, especially inflation, unemployment, varying product interest rates among others. Ryman Healthcare Company has to comply with the prevailing market resources which are regulated by the policy spending. Because the company operates on healthcare services, it would not have many people who are in a position to pay for the increased unemployment rates. The healthcare services are offered by few professionals that deal with the public who are not obligated beneficiaries of the insurance services (Quaresma, Miguel Nuno Pinheiro 6).

People without the healthcare benefits are unable in most cases to pay their entire hospital bill hence makes the company operate on loses. Additionally, medical professionals stay alert on the trending culture associated with certain kinds of problems. The company faces various conditions including various illnesses including flu, fevers, and even fatal diseases like autism which are on the rise within the medical field. The standard steps require the understanding of these social beliefs which affect either directly or indirectly the treatment processes and procedure within the society. Critics of social factors to Medicare services postulate that dangerous activities can help prepare clinics and people become more health conscious. The company narrows down to the kind of healthy diet that the people have to keep the rest homes.

Because the company deals with old cases mostly; the new methods are acquired that improve the performance providing better treatments and tools to health problems. For example in correcting the hearing aid, the means are adopted that work to improve the hearing experiences among the patients under the company care. Ever-evolving technology facilitates proper patient care focusing on the advancing concerns on dealing with healthcare wellness of all within the company. The equipment manufactured by the company is continually changing due to the emerging treatments modes available. New technologies in the healthcare field affect the organizational communication channels with the customers. Some of the applied acts include the Retirement Villages Act 2003 and the code of practice which specify the retirement village operations (Quaresma, Miguel Nuno Pinheiro 8).