In: Operations Management
Perform a SWOT Analysis on the Healthcare Administration career field.
Strength
· The main focus in this industry is to improve quality of the services and of personnel as well.
· Teams are created internally and their objective is to conduct research and analytics. A huge amount of money is spent on research in healthcare administration.
· There are high number of medical personnel which have external recognition as well.
· Equipment that are used and the faculty on board are modern and well equipped.
Weakness
· Technology and health care facilities in most cases is outdated
· Management training to the personnel is insufficient
· Funding is lacking and the resources for support programmes are insufficient.
· The outlet is usually at a poor location and hence not accessible by staff at ease
· Staff turnover is very high
opportunities
· Collaboration with various healthcare organizations with an aim to share knowledge
· Development of healthcare programs and initiatives for high amount of community engagement and outreach.
· Increase in the funding of analytics and research ,for both staff and technology
· Creating mentor programs for knowledge and information
Threats
· Insecurity in terms of economic and political
· Changes in policy and legislation leading to budget deficits
· Competition from new commers.
· Pressure in terms of the reduction of cost for meeting healthcare needs