SWOT Analysis of a Two Person Family Practice
This is a follow-up to the previous assignment posted here https://www.homeworkmarket.com/questions/competency-assessment
The project must needs to be personalized as if you are actively the Person in the Family Practice.
Assume you are a two-person Family Practice office who is contemplating upgrading their current basic electronic health record to a new vendor in order to meet the Centers for Medicare & Medicaid Services goal of improving interoperability and patients’ access to health information (formerly known as meaningful use).
For your assigned components, conduct a SWOT analysis for the practice as the practice considers this initiative. Your identified components should be explicit and include an explanation as to why it is a strength, weakness, threat or opportunity. Your paper should be in APA format.
A SWOT analysis includes an organization’s self- assessment of their strengths, weaknesses, opportunities and threats in their environment as they consider a new goal.
- Strengths are those internal factors that are favorable to achieving the goal.
Easy communication, reliability, skilled professionals, time management skills, well detailed documentation, critical thinking ability, cost advantage, special expertise.
- Weaknesses are internal factors that interfere with achieving the goal.
Limited service, marketing deficiency, inadequate manpower, limited resources, lagging in technology,
- Opportunities are external factors that may help the organization attain its goal.
New technology, new market, competitor vulnerabilities,
- Threats are external factors that may hinder the organization’s attainment of its goal.
Increased competition, insurance plan changes, government policies, demographic changes, seasonality, changes in reimbursement.