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Why do healthcare organizations frequently use business growth as a key strategy? What are the benefits...

Why do healthcare organizations frequently use business growth as a key strategy? What are the benefits and challenges of growing through internal expansion?

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Expert Solution

healthcare organisatons are using business growth as a key strategy frequently as there is increased demand fr heathcare services from consumer patients and growthin disease managment

  • innovation and digital transformation are the modes to increase the quality of care ..
  • integration of medicines and healthcare is digital accleration is happening
  • market access defining and patient care
  • demographics, health insuranc epenetration ,medical value travel advantage ,private hospitals integration

benefits of internal expansion

  • less risk
  • can be financed through internal funds profits
  • build on business strengths barnds and customers
  • buisness will grow sensibly
  • better control coordination
  • inexpensive

disadvanatages

  • growth expansions is dependent on the overall market
  • hard to build in market share if business is anyways a leader
  • slow growth as sharreholdrs may want more profits
  • disecconomies of scale
  • need to restructure
  • dilution ofownershi
  • franchises difficult to handlel

keosha answered 1 year ago
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