Purchase Solution

SWOT Analysis For Cardiology Practice

Not what you're looking for?

Ask Custom Question

A SWOT analysis is used to assist those involved in the strategic planning process in compiling information pertinent to formulating the rest of a strategic plan. Although the information garnered from such an analysis can help to formulate strategies, the SWOT analysis itself does not always render concrete answers. For example, something found in the SWOT analysis might not fit neatly into one of the categories, but instead can be placed in several depending on which perspective you are looking at the characteristic from.

Assume that you are asked to complete a SWOT analysis for a fictional, large, physician cardiology practice. You are having a hard time fitting all of the characteristics into the SWOT analysis categories. After careful deliberation, you complete the analysis and submit it for review to the practice manager.

Give 2-3 examples for each of the SWOT categories for your cardiology practice SWOT analysis.
How would you explain why you placed the characteristics in their respective categories, and what advice would you give them on analyzing the results of the SWOT analysis?

Purchase this Solution
Solution Summary

The answer to this problem explains the internal and external factors that effect a cardiology practice. The references related to the answer are also included.

Solution Preview

We commence the SWOT analysis for a large physician cardiology practice. The strengths of the practice are the qualification and experience of the physician Dr. Alexander Fernandez. The second strength of the clinic is that it carries out and reports all tests on the same day. The third strength of the clinic is that it has all the equipment required. It has ECG equipment, ultrasound equipment, defibrillators, treadmills, ventilators, and procedures for cauterization.

The weakness of large physician cardiology practice is that patients are not getting their questions fully answered during their visit. The second weakness is that only a limited type of insurance policies is accepted by the practice. The third weakness is that Dr. Fernandez is too aggressive with tests.

The opportunity for large physician cardiology practice is that the number of patients available and seen by the clinic will increase if the physician cardiology practice accepts health insurance from a larger number of companies. ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
  • "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
  • "Thank you kindly sir. "
  • "Excellent and well explained. --Thank you kindly. "
  • "Awesome notes. I appreciate you."
  • "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

View More Free Quizzes
Related BrainMass Solutions

  • Fundamental Cardiology Billing

    Using cardiology as the focus of your research, give a brief overview of the billing for which a cardiology practice is responsible.

  • Environmental analysis tools

    SWOT analysis can be performed for internal environmental analysis. Two major environment changes could be changes in healthcare rules, regulations, reforms and policies, as introduced by the government and department of healthcare.

  • A Sherman Antitrust Act Application Question

    Will moved into the area and applied for medical staff privileges at your facility, which were denied based on the exclusive contract with the cardiology practice. Dr.

  • Net Work Models: Quantitative analysis approach

    A 0 for Nurse Bardot being assigned to the cardiology unit implies that she would be perfectly suited to that task. A value close to 100 on the other hand, would imply that she is not at all suited to head that unit.

  • ways firms attempt to control their costs

    I have a friend who works for a cardiology practice....they have encountered major cuts in medicare reimbursements this year, not including increases associated with supplies/equipment.

  • Ethical issues in business

    Step 2 Strengths of SWOT analysis are that it can support the objectives of an organization. It can be used for evaluation at different levels. It can be also be used to evaluate the entire firm, a business unit, a group, or even a person.

  • Capstone Strategic planning solution

    A SWOT analysis is used during strategic planning 1. Perform a formal SWOT analysis The attached table represents a typical SWOT for a healthcare organization 2.

  • An Analysis of Dish

    to identify both the opportunities and threats in a SWOT analysis for Dish.

  • Identify and analyze strategic planning and implementation issues

    For the company's human resource management and development a focused strategy has been put into the practice. ?

View More Related Solutions