SWOT Analysis of a Two Person Family Practice

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                  SWOT Analysis of a Two Person Family Practice

This is a follow-up to the previous assignment posted here https://www.homeworkmarket.com/questions/competency-assessment

The project must needs to be personalized as if you are actively the Person in the Family Practice. 

Assume you are a two-person Family Practice office who is contemplating upgrading their current basic electronic health record to a new vendor in order to meet the Centers for Medicare & Medicaid Services goal of improving interoperability and patients’ access to health information (formerly known as meaningful use).

For your assigned components, conduct a SWOT analysis for the practice as the practice considers this initiative. Your identified components should be explicit and include an explanation as to why it is a strength, weakness, threat or opportunity. Your paper should be in APA format.

A SWOT analysis includes an organization’s self- assessment of their strengths, weaknesses, opportunities and threats in their environment as they consider a new goal. 

  • Strengths are those internal factors that are favorable to achieving the goal.

Easy communication, reliability, skilled professionals, time management skills, well detailed documentation, critical thinking ability, cost advantage, special expertise.

  • Weaknesses are internal factors that interfere with achieving the goal.

Limited service, marketing deficiency, inadequate manpower, limited resources, lagging in technology,

  • Opportunities are external factors that may help the organization attain its goal.

New technology, new market, competitor vulnerabilities,

  • Threats are external factors that may hinder the organization’s attainment of its goal.

Increased competition, insurance plan changes, government policies, demographic changes, seasonality, changes in reimbursement.