Wealthy HealthCare Association, writing homework help

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Oznwbe21

Health Medical

Description

In this module, you learned about environmental analysis, both internal and external. For this assignment, you will be given a description of a fictitious healthcare organization - The Strengths, Weaknesses, Opportunities, and Threats will be described (in that order).


"Wealthy HealthCare Association"


This hospital based organization has AAA rated credit due to its strong financials. It has multiple hospital based facilities across the geographic area. They have strong ties to the community. Their weaknesses lie in that they do not have any investment in ambulatory based (lower cost) services. They do not employ any of their physicians. They also have low market share in surgical and imaging services.


The opportunities are to potentially employ physicians, and control referral patterns, invest in ambulatory services including imaging, surgery, and urgent care, and to potentially develop wellness services to keep people healthy.


There are several threats to the organization. The first is that there is a lot of competition from lower cost providers. Next, healthcare reform is going to move toward the idea of covered lives, where organizations will make money by being able to provide low cost services and keeping people healthy. They are also threatened by insurance companies that are steering patients to low cost providers that have a full continuum of services.


Use this information, and submit a TOWS matrix. This should be submitted in narrative format.


Your submission should be 600-750 words.

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Explanation & Answer

Attached.

Running head: WEALTHY HEALTHCARE ASSOCIATION TWOS MATRIX

Wealthy Healthcare Association Twos Matrix
Name
Course
Tutor
Date

1

Internal factors

Strengths (S)

Weaknesses (W)

External factors

SO Strategies

WO strategies
The ability of the healthcare

Opportunities (O)

Wealthy healthcare

facility to employ physicians

organization is a well-

is a significant consideration

engaged health facility with

that will be very much

significant financial muscle,

influential in creating a better

which places the healthcare

and positive environment

facility at a better position

where the current low number

when considering the

of physicians within the

opportunities available in the

hospital setting can be

field. The company can use

addressed. It is a position that

its significant financial

the health care facility can

muscle to improve its service

embrace to ensure that it turns

delivery especially

out to be its strongest point

considering its ability to

since being in a position to

employ physicians to improve employ physicians means that
the quality of healthcare.

the quality of healthcare will

There is need to employ

be directly and positively

physicians to maximize the

impacted.

existing better healthcare
engagement.

The healthcare facility can
invest in ambulatory service

The health facility has

an area which is proving to be

multiple hospital-based

a huge let down for the

facilities across the

organization. The healthcare

geographic area. This

can embrace ambulatory

significant aspect of the

services since they have the

organization can be

required elements, which can

effectively considered in

have a significant positive

helping the health facility to

engagement on its focus to

control referral patterns since

create a better and well-

they have what it takes to

engaged healthcare facility.

create a very enab...


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