LP7 Assignment: IT System for St. Timothy’s This assignment willassess the competency 7. Analyze potential applications of aninformation technology system and marketing strategies and theimpact of changes in regulations. Prepare a 3-4 page, double-spacedpaper (cite 3-4 reliable sources) that addresses the followingscenario: You are the Director of Continuing Care Services for St.Timothy’s Health Care System, a multilevel system consisting of anarray of acute and long-term services. You have been given the taskof developing an information system that will track clients overtime and place. The system will be used for clinical, financial,and management purposes. • What basic components are essential tothe system? • What challenges and barriers do you anticipate willbe encountered in planning and implementing the system? • What arethe first steps you will take to design the system? • What recentexternal developments enhance and impede your project? Submit thisassignment to your instructor via the dropbox "LP7 Assignment: ITSystem for St. Timothy’s." This assignment is worth 60 points andwill be graded according to the scoring guide below.