Final Strategic Development - Organization is Johns Hopkins Medical

Running Head: SWOT 1

SWOT 5

EXTERNAL SWOT ANALYSIS JOHNS HOPKIN MEDICAL

Ebonee Jarrell

STRENGTHS, WEAKNESSES, OPPORTUNITIES AND THREATS-EXTERNAL FACTOR EVALUATION OF JOHNS HOPKINS MEDICAL

The SWOT-EFE provides an analysis of the external contexts of the selected organization, providing a view into the external circumstances that could lead to the development or collapse of the organization (Gürel & Tat,2017). The Johns Hopkins medicine is an institution that aims to provide high-quality healthcare to its patients and community. The threats and opportunities cover the external portion of the SWOT analysis.

OPPORTUNITIES

· With the recent insistence on the demographic factors of public institutions, Johns Hopkins should endeavor to have a more racially inclusive strategy. Society's insistence and the welcoming atmosphere of seeing a racially diverse team of health providers will ensure the continued development of the institution.

· Johns Hopkins Medical should also seek to expand into other geographical locations. This will enable it to have a wider client base and provide more opportunities for the growth of the institution.

· With its acclamation as the third best medical facility in the world, Johns Hopkins should endeavor to use this rating to provide better advertisement and branding of the facility to show the quality assurance to its potential and current clients.

· Use of technological advancement and research. The institution should engage innovations and new technologies to provide optimal high-quality healthcare.

· Extensive community service will ensure that the institution is appreciated and expands the client base as well as help it in its goals to promote a healthy nation and healthy living.

· The interdepartmental collaboration will ensure that ideas and new procedures can be utilized in the care of the patients that are admitted to the hospital, promoting cooperation and better provision of services.

· Research into new and better procedures and remedies for chronic illnesses will give Johns Hopkins an edge in giving high-quality care and prescription to its patients.

· Better online and social media presence will ensure that queries can be catered for in a timely fashion, as well as provide tips and answers to inquiries, an action that will endear the hospital to its clientele.

THREATS

· Legislations affecting the healthcare industry will adversely affect Johns Hopkins Medicine. Change of policies and protocols for instance in the COVID-19 government instructed policies may conflict with the institution’s working order.

· Lawsuits are a major threat to any institution, given that they not only ensure bad publicity, they may also pit the faculties against each other. They as well cut into the available resources and funding for the institution.

· Johns Hopkin's decentralized organization structure is a limiting factor in the push for overall success by limiting the spread of new ideas and cultures.

· Technology has enabled many other hospitals and centers of healthcare to rise and provide competition to the hospital and get a share of the limited market.

· The geographical setting of the hospital is a high-risk area, common for crime and drug-related incidents.

· Consolidation of the hospital into expansive chains is bound to limit patient choice and thus hike the medical expenses incurred. This will have the ultimate effect of driving away clients to more localized healthcare facilities (Saltman & Chanturidze,2020).

· The dependence on suppliers is a major threat to the facility, given that any delays in the procurement of medical equipment could potentially grind to a halt the crucial services rendered.

· Shifts in resource and capital allocation from the government and the investors will affect the reimbursement of salaries and upkeep of the unique facilities available at the hospital center.

REFERENCES

Gürel, E., & Tat, M. (2017). SWOT analysis: a theoretical review. Journal of International Social Research, 10(51).

Pronovost, P. J., Mathews, S. C., Chute, C. G., & Rosen, A. (2017). Creating a purpose‐driven learning and improving health system: The Johns Hopkins Medicine quality and safety experience. Learning Health Systems, 1(1), e10018.

Saltman, R. B., & Chanturidze, T. (2020). Why Is Reform of Hospitals So Difficult? In Understanding Hospitals in Changing Health Systems (pp. 167-192). Palgrave Macmillan, Cham.