S W O T Analysis Eli Medical Center

S. W. O. T Analysis Eli Medical Center Nonna Lou Aranas, Nanncie Constantine, Ferdinand A. Romero and Blessy Thomas NUR/587 January 23, 2012 Christi Brito, RN, MSN, CCRN

Introduction (S) Strengths (W) Weakness (O) Opportunities (T) Threats

Organization's Strengths Charity for low income patients National recognition in specific clinical areas Continuing education for staff Education & growth of the community

Organization's Strengths Better technology Well trained physicians and other health workers Government funded insurance Equitable health care for all

Organization's Weaknesses Lack of control in hospital charges Lack of adequate staff to care for patients

Organization's Weaknesses Lack of communication between medical personnel and patient High nurse patient ratio Lack of unity between computer system and paper work

Opportunity: Six external environmental factors Technological: Recent developments Political: Pricing regulations Competitive: Market trends

Opportunity: Six external environmental factors Regulatory: Changes in regulations Economic: Capital Expenditure Social: Demographics

Threat: Six external environmental factors Technological: Lack of Electronic documentation & medication administration technology Political: Conflicts between management and staff Economic: Increased advertising by rival hospital through media & increase in lawsuits and malpractice suits.

Threat: Six external environmental factors Regulatory: Reimbursement restrictions for frequent hospital readmissions and hospital acquired diseases. Social: Increase in immigrant patient populations from the Middle East. Economic: Decrease in funding by public and private donors due to recession.

Initiatives: Organization’s strategic five-year plan To have the best health care team Improve quality health care

Resources for the initiatives To have the best health care team Provide education and training Hire the right management and leadership Equip staff with the tools to their job

Resources for the initiatives Improve quality health care Creating a patient survey Promoting use of bar coding Initiating an error detection system Promoting collaborative patient registry

Effect of the external environment on strategic planning An organization is a product of its external and internal environment. An effective strategic plan is based on a comprehensive assessment of the external environment. Globalization, increased consumer expectations, technological advances and increased competition

Role of leadership in strategic management Enhances performances Allows the organization to do better Directing strategies for major decisions and system focus

Conclusion Strengths: EMC is Weaknesses: EMC a Thompson is facing Reuter awardee in challenges with providing good high nurse to clinical outcomes, patient ratio, poor excellent cost control, decline in rating in patient reimbursement as safety and a result increasing customer number of satisfaction; uninsured, lack of cutting-edge communication, diagnostic and documentation technology, and issues well-trained staff. Opportunities: EMC can improve staffing through hiring and retention, costcontainment, technology enhancement, communication, understanding cultural diversity through training and education. Threats: Threats cannot be avoided but can be minimized through a proactive approach by staying informed with regulatory changes, reimbursement rules, and new trends in the marketplace.

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