Medicare Swot Analysis Paper

703 Words2 Pages

Strengths Strong market presence and high potential for growth The company has several locations within the community and also has it IT operations based out of the city. As the Baby Boomer population hits retirement age (approximately 10,000/day) and due to the more medical complex patients we are seeing, it will give rise to more volume in the healthcare industry in the near future ("Are Medicare Patients," 2012). In our current market approximately 1000 patients per year come onto Medicare based on out Dixon Hughes data that note a 1.87% (CAGAR) or compounded annual growth rate. Clinical program variety and quality The company prides itself on evidence based practice and utilized this to guide their decision making. With this mindset, the company has realized significant gains in quality services in that the patients receive very high level care. Typically, they are in the 87% percentile for outcomes in any given year. The company has clinical specialties of cardiology, orthopedics, …show more content…

If you drill down on the survey, the employees note that they do not feel appreciated, feel lack of support from management, and they do not feel the company supports the employees overall professional growth. With this culture, it will be difficult for the company to retain and recruit employees. In fact, on a companywide prospective, the organization has a 55% turnover rate, specifically with nurses and therapist. This is where the premise of my project lies. I believe that if employees are motivated and rewarded for their efforts, the overall health of the company will be propelled forward, specifically the financial aspect. In my opinion, just reducing the amount of turnover alone, will be huge cost savings to the firm. The objective in the end is to evaluate the P&L after the motivational tactics have been rolled out and presented for an undefined period of time at this

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