Table of Contents INTRODUCTION 3 BUSINESS STRATEGY & HEALTHCARE STRATEGY 3 ANALYSIS OF THE COMPANY – SWOT ANALYSIS 4 ANALYSIS OF THE HEALTHCARE INDUSTRY – PORTER’S FIVE FORCES 5 COMPETITORS 5 PHILIPS HEALTHCARE 6 TELEHEALTH 6 PHILIPS TELEHEALTH SOLUTIONS 6 DEVICES 6 TELESTATION 7 THE FUTURE OF TELEHEALTH 7 TELEHEALTH PROGRAMMES 8 ADAPTING TO THE TECHNOLOGY 8 Improving people’s lives through meaningful innovation Introduction Founded in 1891 and headquartered in Amsterdam, Philips is a diversified technology company with primary divisions focused in the areas of Healthcare, Consumer Lifestyle and Lighting (Philips.com). With over 114,000 employees and services in more than 100 countries, it is one of the largest electronics companies in the world. This report will hone in on the Healthcare Division: analysing how the healthcare strategy links to the overall business strategy, and more specifically how Information Technology (IT) is utilized. Business Strategy & Healthcare Strategy Philips aims to innovate in such a way as to translate customer insights into meaningful technology that improve the quality of lives by ‘creating the future of healthcare’, ‘enhancing lives with light’ and ‘helping people achieve a healthier and better life’ (Philips.com). Alignment is the perennial business issue (Luftman, 2006) and is generally a key factor for successful IS planning and implementation (Baets, 1992). With an overall aim of meaningful innovation, Philips has a clear company objective that runs through all three divisions, as made evident by Deborah DiSanzo, CEO of Philips Healthcare: ‘As health systems around the world address the complexities of care delivery at their core, Philips Healthcare is responding to the global call... ... middle of paper ... ... (according to 2011 census), the NHS spends more than 40% of its budget on the ageing population. Philips has solutions for the future of healthcare system (e.g. Motiva) that is cost effective and allows for better contact with patients after they are discharged from hospitals which also allows patients to be involved in their on care. As life expectancy of people living in the developed countries keep increasing, so is the pressure on healthcare facilities hence in the near future the use of Telehealth will likely become more of a necessity than choice. This presents an unprecedented opportunity for Phillips and its competitors. Phillips could leverage more market share than its competitors due to first mover advantage because it has begun the implementation of various Telehealth schemes e.g. Motiva and also because it aligns with its business strategy and vision.s
Background Information In implementing a strategic plan for Coastal Medical Center, our consulting team has conducted many analyses and formed numerous strategies in order for Coastal Medical Center to be successful. Such assessments include an internal analysis, external analysis, gap analysis, and SWOT analysis. In conducting these analyses, our consulting team was able to better understand the internal environment, external environment, where the organization currently stands in terms of performance, and the major strengths, weaknesses, opportunities and threats that oppose the Coastal Medical Center. From our inquiry, we will be able to establish a strategic plan that best fits the organization’s needs.
With 17 existing hospitals and ____ physician practices, the Greater New Orleans Region of Louisiana is not a practical choice for Kaiser Permanente expansion. The four parishes: Plaquemines, Jefferson, St. Bernard, and Orleans would not make for a successful business venture. This report examines how the Kaiser Permanente Brand and Strategy Division assessed the region and determined the region could not realize and expand the mission and vision for Kaiser Permanente…..
In line with the majority of other developed countries, the United Kingdom (UK) has offered its citizens a universal health care system that is free at the point of service. Funded primarily by taxation, the system is popular and efficient. However, along with most other health care systems around the world, it faces a series of challenges if it is to maintain viability, in the twenty-first century. These issues include; long waiting times, an aging population, funding challenges and the increasing cost of technology.
The author’s sources support the conclusion that innovations in health technology will help improve patient care. Using not only Dr. Martin but others who are being trained in the field such as Sean Hayes, a Baylor MB/Healthcare/MSIS candidate, who in the article spoke of how a physician can be patched in by video and do a distance consult, which he saw as cost sharing in rural areas at may not be able to afford
A SWOT analysis is an acronym that stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT is a planning evaluation used by businesses and organizations.
In order for a health care organization to maintain optimal function, the promotion of change is continuously necessary. Within the health care delivery system, there are a number of different techniques that nurses can use to determine where changes need to be made. One technique is called a SWOT analysis, which involves an evaluation of an organization’s strengths, weaknesses, opportunities and threats (Harrison, 2010).
As of April 1, 2010, many changes in the health care structure is changing. Many of these changes are reorganizing the responsibilities of who makes the decisions on how services are commissioned, the way money is spent and issuing more involvement from local authorities and opening up comp...
Control systems – Costco has an Enterprise Facility Information management system, each Costco is connected to corporate, the EFIM provides real-time information, management of control systems (like energy), and an inventory management system that allows suppliers to monitor their own stock levels at any Costco. The EFIM reduces costs related to energy consumption, maintenance, and contracted services
“KP is the largest non-profit health care delivery system in the United States, and operates in 8 states and the District of Columbia. KP is made up of 3 entities: the Kaiser Foundation Health Plan (KFHP), Kaiser Foundation Hospitals (KFH), and the regional Permanente Medical Groups,” (Selevan, Kindermann, Pines, and Fields (2015). Selevan al et (2015) state that the members of Kaiser Permanente can be compared to other insurance companies in regards to age, race, and employment status, although the members are known to have lower income levels. Additionally, they found that Kaiser Permanente’s model of care focuses on improving the health of patients, promoting population
With consolidation among hospital systems over the last few years there has been a trend toward ways to streamline processes. By having “shared services” such as laundry services, human resources and radiology and diagnostic services it’s possible to lower costs and have common processes. The advent of health care reform and the Affordable Care Act (ACA) with its Information Technology (IT) incentives has led to greater interest in risk management and IT solutions. While there was a decrease in 2012 on outsourcing IT services the finalization by the Supreme Court of the ACA and President Obama’s re-election cemented the need for an IT solution (Kutscher, 2012)
SWOT analysis is a necessary tool for business that allows corporations to analyze where their strengths, weaknesses, opportunities and threats lie. The SWOT tool contains paramount information about the industry and helps the executives of the business make decisions that are necessary for the business’s survival and success.
Located in Cleveland, Ohio, the Cleveland Clinic is an academic hospital that offers many specialties of medicine to its patients. The Cleveland Clinic also operates affiliated facilities across the world in Florida, Canada, Nevada, and Abu Dhabi. Four physicians started Cleveland Clinic in 1921 as a collaboration to share expertise in various specialties, allowing patients to come to one location for care. They also placed a high emphasis on the academic culture for advancement and improved patient care. A fire at the Clinic in 1929 killed 123 people, including one of its founders. The main facility has more than 1,400 beds and includes hotels on campus for those who are visiting or staying with patients.
Providers are faced with having to weigh the expense of investing in telehealth technologies with the ability to generate enough revenue to cover these costs. This is often difficult as expenses in the literature can cover those directly linked with the delivery of care (healthcare costs) and those that are not directly related to providing care (non-heath care costs) (Bergmo, 2009). Some of the healthcare costs a practitioner must consider are items such as computers, video cameras, microphones, modems, routers, software and other components such as specialized stethoscopes and imaging equipment needed to assess an individual patient. The cost of these items can add up quickly. As one study estimates, the capital expenditure for the implementation of telehealth video conferencing can reach as much as $80,000. The cost of transmitting data in order to deliver these services can also reach $800-$2000 per month in spoke and hub type telehealth systems (Gamble, Savage, & Icenogle, 2004). These costs incur even more ...
What is a SWOT analysis? This concept involves assisting businesses to identify their strengths, weaknesses, opportunities and threats. It is often used to analyze an organization and its environment. Businesses find the analysis useful in assisting them to improve their business, establish goals and objectives.
Primary care should be the first point of contact with the healthcare system for many individuals. The primary care physicians, however, are not as patient-centric as they should be. There was a Commonwealth Fund project that determined 11 patient-centric care practices, with only 22% of the physicians’ offices being in the high range (6-11 practices adopted) of patient-centric practices met (Murphy, 2011). This could easily change if more physician offices adopted more automation within the office.