I have attached what you will need to use and look at I will needed this back no later then 5pm on monday 8-28-17
Review the SWOT Analysis Microsoft® PowerPoint® prior to completing this assignment.
Based on the Community Hospital scenario located in this week’s required reading, conducta SWOT analysis to generate a list of perceived strengths, weaknesses, opportunities, and threats for the health care organization.
- Strengths and weaknesses are traits internal to the health care organization (e.g., strong physician loyalty to hospital, aging building, and availability of financial resources).
- Opportunities and threats are external to the health care organization (e.g., a mall facility available for lease or a competitor organization opening two physician practices in your market).
Use the SWOT Analysis worksheet provided to complete this assignment.
Write a 700- to 1,400-word analysis that incorporates the key components of a SWOT analysis for the scenario described above to generate a list of perceived strengths, weaknesses, opportunities, and threats. The analysis will include the following:
- Analyze how this SWOT analysis will be used to form a final recommendation in the full business plan.
- Analyze the limitations and advantages of conducting a SWOT analysis on your own (versus with a group of stakeholders).
- Use the table provided to record your analysis of the information from the strategic planning scenario and generate two factors for each of the SWOT categories (strengths, weaknesses, opportunities, and threats).
Cite at least 1 peer-reviewed, scholarly, or similar references to support your assignment.
Format your assignment according to APA guidelines.
Expert Solution Preview
Introduction: In the healthcare industry, it is vital to conduct a SWOT analysis to evaluate the strengths, weaknesses, opportunities, and threats for a healthcare organization. This analysis can be used to form a final recommendation in the full business plan and to identify the limitations and advantages of conducting a SWOT analysis. In this assignment, we will conduct a SWOT analysis for Community Hospital based on the provided scenario and generate a list of perceived strengths, weaknesses, opportunities, and threats.
Answer: After analyzing the scenario of Community Hospital, we have identified several key strengths, weaknesses, opportunities, and threats.
Strengths:
1. Strong reputation in the community for providing high-quality medical care.
2. Significant financial resources available for investment and expansion.
3. Excellent physician loyalty to the hospital.
Weaknesses:
1. An aging building that requires significant ongoing maintenance and renovation.
2. Limited technology infrastructure and resources, which can hinder effective patient care and management.
3. High staff turnover rates, which affect the quality of patient care.
Opportunities:
1. Prolonged life expectancy in the region, leading to an aging population with increased healthcare demands.
2. The availability of a mall facility for lease that can be converted into a healthcare center.
3. The potential to collaborate with other healthcare providers to expand the hospital’s reach and offer more comprehensive services.
Threats:
1. Anticipated increase in regulatory requirements that can affect operational efficiency and increase costs.
2. A decline in the number of patients seeking care at the hospital due to negative media attention.
3. Increased competition from other healthcare providers in the area, especially with the opening of two physician practices by a competitor.
This SWOT analysis can be used to form a final recommendation in the full business plan, which can include strategies to address weaknesses, leverage strengths, capitalize on opportunities, and mitigate threats. Conducting a SWOT analysis with a group of stakeholders can lead to a more comprehensive and diverse perspective, but individual analysis also has advantages, such as allowing for unbiased assessments and quicker decision-making.
In conclusion, the SWOT analysis is an effective tool for evaluating healthcare organizations, such as Community Hospital, and identifying internal and external factors that can affect their performance. By addressing the identified issues and opportunities, healthcare organizations can enhance their ability to provide high-quality, affordable, and accessible care.
