Strengths And Weaknesses Of A Not-For-Profit Organization

trengths:

Our company team is made up of strong communicators and negotiators.

Our team is well versed in many different areas of training in the medical field and we all bring diverse strengths to the table from the clinical, financial, and clerical aspects.

We work well together to create an efficient and evenly distributed work flow.

Weaknesses:

We are a small staff which results in heavy workloads at times.

We are a not-for-profit organization so, at times, we have smaller amounts of funds available which results in a shortage of tools or supplies that would make our work flow more efficient.

We do not always have set timelines or clear end dates for projects we are working on making things rushed at times.

Opportunities:

Strategize the

A major threat to our company is losing major contracts with the insurance plans we coordinate with. A large portion of the funds that come through our office are from health plan payments. If we were to lose a contract due to our errors in over spending or inefficiently running up cost, we could take a hit that could potentially devastate our company (7 Threats, 2017). One of the top 10 threats to a not-for-profit organization is contractual issues. We are a not-for-profit organization that operates in conjunction with the government in Medicare and Medicare Advantage health plans. Our operation relies on a budget that comes from our providers performance with government standards placed on providing quality healthcare at an affordable cost. For our case, I would use the cost leadership strategy and focus on keeping our cost low and closely monitoring our providers to ensure they are also operating in the most cost efficient ways, (Kinicki & Williams, 2012). Although it is not quite the same scenario because we do not truly offer a product to our “customers”, our goal is to provide the highest quality healthcare to our patients at the lowest cost to save the tax payers from paying extra money for unnecessary services. We operate with a four person staff to keep administrative costs low. We closely monitor over 400 physicians and educate them on how to provide cost efficient healthcare. This is the strategy that would most closely relate to our threats and weaknesses.

Kinicki, A. & Williams, B. (2012). Management: A Practical Introduction (6th ed.). New York, NY: McGraw-Hill Irwin.

7 Threats That Can Bring a Non-profit Down. 2017. Retrieved from: https://bmfcpa.com/nonprofit_advisor/7_threats_that_can_bring_a_nonprofit_down

Re: Re: Unit 3 , from Martin, Ashton, posted Nov 5 2017