Question

In regards to the United States healthcare industry what are answers to the following:

•   Strengths
•   Opportunities
•   Degree of Competition in the Industry
•   Supply/Demand Dynamics for the Industry’s Products
•   Industry Cost Structure
•   Degree of Government Regulation-Favorable or Not
•   Exposure to the Business Cycle
•   Relative Financial Norms and Standards

Devil’s advocate : What could be weaknesses w/ your pick-
•   weaknesses/threats

**Focus on Finance if possible

Answer 1

STRENGTHS

• A primary focus on quality improvement ($ saved from quality projects)
• Internal teams dedicated to research and analytics ($ spent on research)
• High-quality medical personnel (# of staff with external recognition)
• Modern medical equipment and a well-equipped facility (average age of medical equipment)

Opportunities

Collaborate with different healthcare organizations to knowledge share

Develop healthcare programs and initiatives to drive more community outreach and engagement

Increase funding for analytics and researching, including both staff and technology

Create mentor programs.

weaknesses

• Outdated healthcare facilities and technology
• Insufficient management training
• Lack of funding and resources to support programs
• Poor location that’s not easily accessible for staff and patients
• High staff turnover.

threats

  

• Economic or political insecurity
• Policy and legislation changes that result in budget deficits
• Pressure to reduce costs while meeting expectations of universal healthcare coverage
• Increased competition from newly built hospitals.