Impact Report to Senior Leadership Mary J Farmer Organizational and Systems Management for Quality Outcomes March, 2016 The Nursing Challenge Hospital readmissions and emergency room visits are on the rise particularly for patients with low socioeconomic status, limited resources, or who live in rural areas. Post-operative infections, asthma attacks, heart failure exacerbations and other conditions that could have been prevented seem to be driving this pattern. This has caused a downstream impact on patient safety and poor patient outcomes. The System/Organization A major health insurer in the Midwest completed a market analysis across their book of business and discovered a common theme. Patients were being discharged from the …show more content…
Understanding not only the strengths and weaknesses but continuing to identify opportunities and potential threats is an important first step to building a solid foundation. Refer to Table A1 for a visual of the SWOT analysis. (Mind Tools) This SWOT analysis identified three strengths; 1) large network of contracted providers and facilities, 2) strong workforce of nurses already working in the field, and 3) a solid proven infrastructure. These three strengths give this company a solid foundation to establish a program that reaches out to members at the point of discharge to reduce the risk of post-discharge complications. Some identified weaknesses are; 1) budget constraints and 2) a fragmented communication structure between business segments. An awareness of these weaknesses help to build a strong foundation by overcoming the obstacles at the same time you build the solution. Their opportunities are; 1) establishing strategic alliances with providers and facilities, 2) building a sustainable, repeatable program impacting patient outcomes; 3) and reducing patient readmissions by collaborative discharge planning. These opportunities align with their mission of “We work with health care professionals and other key partners to expand access to quality health care so people get the care they need at an affordable price.”
SWOT analysis provides a structure for analyzing either your own strengths and weaknesses, and the opportunities and threats you face, or in a work context for analyzing the strengths, weaknesses, opportunities and threats a business or event faces. Ideally it is one step in a process which helps you to
There is a problem of avoidable hospital readmission rates for the Medicare and Medicaid populations that lead to adverse consequences not only for the patient, but also the payer and hospital. In order to decrease these avoidable readmission rates it is important to identify processes that can be implemented at the health plan level such as pre-discharge hospital visits by health plan staff, and post-discharge care coordination.
A SWOT analysis is best developed by a team of managers who have different perspectives of an organization’s strengths and weaknesses. The external threats and opportunities are best developed by an outside source to provide objectivity. An organization looks internally at its strengths and weaknesses and externally at its threats and opportunities. An organization’s strengths involve looking at an organization’s positive attributes, focusing on their competitive advantage. An organization’s strength looks at what they do well, their assets and other resources, and also take into account what others see as their strengths.
What is a Strength, Weakness, Opportunity, and Threat (SWOT) Analysis? It is very simple actually and something several business use in order to evaluate their success.
An examination of Strengths, Weaknesses, Opportunities and Threats (SWOT) is an old advancing stand-by and in light of present circumstances is a significant follow up to an evaluation structure.
A strengths, weaknesses, opportunities, and threats (SWOT) analysis is a situational analysis in which internal strengths and weaknesses of an organization, and external opportunities and threats faced by it are closely examined to assist management with planning and course correction (BusinessDictionary.com). Managers can use the results SWOT analysis to determine how competitive the organization is in its industry and to develop an effective organizational strategy. Though commonly associated with for profit organizations, SWOT analysis also are carried out by public institutions such as, hospitals, government agencies, and schools. The County College
According to Helms, M. M., & Nixon, J. (2010), Strengths-Weaknesses-Opportunities-Threats (SWOT) analysis is often used as a tool for strategic-planning purposes, and is used to determine if recommended strategic actions are appropriate for a
SWOT analysis suggests ways in which the organisation can profit from strengths and opportunities and defend itself against weaknesses and threats.
A SWOT analysis is a tool used to identify the strengths, weaknesses, opportunities and threats of an organization. A SWOT model measures what an organization can or cannot do as well as the possible opportunities and threats. This is done by taking data from the organization’s environment, analyzing the information and separating it into the internal (strengths and weaknesses) and external (opportunities and threats). When this is completed the analysis can create a plan for the organization to achieve its goals, and identify what difficulties must be overcome to attain
As part of a growing trend many countries, including our own, have been using the Triple Aim approach to improve healthcare. The Triple Aim is to improve a patient’s experience of care, to advance population/ community health and to lower per capita cost. It is no secret that health care expenditure is rising. Healthcare cost per capita in the United States is twice or more than the average of other developed countries. In this cost are what many healthcare providers find to be avoidable expenditure. “It has been noted that 1 in 5 Medicare patients discharged from a hospital is readmitted within 30 days and furthermore that 1 in 3 is readmitted in 90 days; avoidable readmissions are estimated at around 30 billion dollars a year" (http://www.rwjf.org/en/library/collections/cayc/continuing-education.html).
Once a manager has considered external opportunities, threats, internal Strengths and weaknesses they can look at the company’s strength, weaknesses, opportunities and threats (SWOT). SWOT is used in the analysis for strategic planning. A SWOT analysis must first start with defining a desired end state or objective. A SWOT analysis may be incorporated into strategic planning. After SWOT is considered the company has to look into how the plan will be implemented.
A SWOT analysis looks at the strengths and weaknesses of a company and the opportunities and threats. When used in business it can help a company carve a sustainable niche in the market. A SWOT analysis can be a powerful tool that can assist a company in uncovering opportunities that they can exploit. If a company can comprehend their weaknesses they can then manage and eliminate threats that would otherwise have caught them off guard. By a company looking at themselves and their competitors and using this tool, a company can come up with a strategy that will set them apart from their competitors.
This SWOT Analysis is a very useful means to understand or evaluate strengthens, weaknesses, opportunities, and threats of your company. It organizes all the information of the company and summarizes its strengths, weaknesses, opportunities, and threats. It helps to provide all the information in order to make decisions and to set good goals for the company. (IFAD, 2010, P.21)
The SWOT analysis comprises of the Organization’s internal strength and weakness and external opportunities and threats. SWOT analysis gives an organization an insight of what they can do in future and how they can compete with their existing
It involves specifying the objectives of the business venture or project, and identifying the internal and external factors that are favorable and unfavorable to achieve those objectives. A SWOT analysis helps elucidate strategic advantages. Strengths are attributes of the person or company helpful in achieving the objective(s), while weaknesses are attributes of a person or company, harmful in achieving the objective(s). Opportunities are the external conditions, helpful in achieving the objective(s) and threats are external conditions which could do damage in the