Essay On Health Care Competitor Analysis

677 Words2 Pages

Service area is the geographical area that majority if the customers reside. For healthcare, it is the area where majority of patients are being served. The service might be difficult to provide in areas beyond the service area due to multiple factors, like: distance, time to travel, cost. Healthcare entities should examine and know its service area, its demographics, and disease patterns, lifestyle patterns to better know and serve its population. In addition, the service area competitor analysis should also be part of environmental analysis. The competitor analysis can help the organization to discovery new business opportunities, anticipate surprises from the competitors, and “the development of market penetration and share growth strategies” (Healthcare Strategic Marketing and Planning). The aggressive competition usually seen in other industries, has become a reality for the healthcare. Due to the challenges that are facing the healthcare industry (increased push for efficiency, increased managed care, drive to lower costs, increase in for-profit entities), the service area competitor analysis is vital for any healthcare entity, including non-for profit. The non-for-profit …show more content…

Competitive analysis concentrates on specific market and competitors in that market. There are different types of information that are included in the analysis. The categories might include general, offensive or defensive information about the competitor. Depending on the intent of the analysis, a healthcare entity might make use of all of those categories or just some of them. “As an organization plans to enter new markets, offensive information may be the primary focus of the competitor analysis. In the face of strategic moves by a powerful competitor, defensive information may take precedence” (Healthcare Strategic Marketing and

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