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Health Medical

Description

read Chapter 4 of the course text and the article by Simoneaux and Stroud (2011). You may also want to review the recommended article by Valentin (2001).

During the analysis stage, you consider external factors that pose possible threats to or provide opportunities for your organization and compare these factors against your HCO’s internal operation to diagnose its strengths and weaknesses. Many HCOs have found it useful to conduct a SWOT analysis. SWOT is an acronym for strengths, weaknesses, opportunities, and threats. Strengths and weaknesses refer to elements that are internal to the organization; opportunities and threats are external to the organization. An effective SWOT analysis helps the marketing team determine the healthcare organization’s position in a particular market place as well as the positions of its competitors. By analyzing the current market and the deficiencies of the HCO’s competitors, and by assessing the HCO’s internal strengths and weaknesses, the marketing team can reposition the organization to meet and exceed the needs of its customers.

For this assignment, you will conduct a detailed SWOT analysis of your chosen healthcare organization for your Final Project. Discuss your selected organization’s strengths, weaknesses, opportunities, and possible threats.

The SWOT analysis should include the following five components:

  • Strengths – An organization’s resources and capabilities that can be used as a basis for developing a competitive advantage.
  • Weaknesses – Limitations of an organization to meet the needs of its determined customer base.
  • Opportunities – External conditions that may reveal certain new opportunities regarding profit and growth.
  • Threats – Factors or changes in the external environment that may present threats to the organization.
  • Summary/Recommendations - After conducting your SWOT analysis, write a paragraph in which you provide your recommendations to the CEO of your chosen healthcare organization. Also state how you will use this information to create a marketing plan that will ensure the following:
    • The organization’s resources are not wasted
    • Time is well spent
    • Marketing efficiently is improved

The assignment

  • Must be four to five double-spaced pages in length (not including the title page and references page) and formatted according to APA style as outlined
  • Must include a separate title page with the following:
    • Title of paper
    • Student’s name
    • Course name and number
    • Instructor’s name
    • Date submitted
  • Must use at least three scholarly sources in addition to the course text.
  • Must document all sources in APA style as outlined .
  • Must include a separate references page that is formatted according to APA style as outlined in

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Explanation & Answer

Attached.

Running head: SWOT ANALYSIS AND RECOMMENDATIONS

SWOT Analysis and Recommendations
Institution Affiliation
Date

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SWOT ANALYSIS AND RECOMMENDATIONS

2

Introduction
Tanner Health Center is a healthcare facility located in Carrollton, Texas. As a health
institution, it provides patient treatment through its residency-trained medicine physicians and
specialized medical equipment. As an established institution, it is guided by well-outlined vision,
mission and value statements. These statements are critical as they help the organization to achieve
set goals and objectives. Tunnel Health center just like any other health institution, or in broader
term, business institution operates in a dynamic environment. This kind of environment is everchanging and continues to offer new opportunities and challenges. According to Wanaswa, Awino,
& Ogutu, (2017), factors that emanate from within the institution (internal environment) and those
that emanate from outside the institution (external environment) affects how the institution
operates. Successful performance of the institution can only be judged through a demonstrated
realization of its mandate, optimizing patients' experience, continuous improvement in clinical
outcomes and achieving good business performance. It is for this reason a SWOT analysis is
important to help evaluate and determine the institution's position in its marketplace and the
position of its Competitors in the healthcare industry.
Tanner Health Center SWOT Analysis
SWOT analysis is a technique used for understanding an institution's Strengths and
Weaknesses, and for identifying both the Opportunities open to it and the Threats it faces (Fine,
2010). Strengths and Weaknesses are factors that operate and are within the internal environment
of an institution. On the other hand, Opportunities and Threats are elements that affect th...


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