Healthcare is an essential aspect of people’s lives. The government has developed various strategies to ensure efficient healthcare delivery to patients, establishing national, state, and local agencies. The mission of Home Health Agency (HHA) is to serve individuals and groups in the community to reduce disabilities and illnesses. Through quality therapeutic care, the organization provides services and motivation to disabled and chronically ill individuals, as well as special groups, to help them lead a “wholesome” life. This report aims to analyze the company’s strategic position using several techniques, including SWOT analysis, PEST analysis, gap and weakness analysis, and a balanced scorecard. The objective of this analysis is to gain a competitive advantage in the healthcare industry and to develop a viable strategy for improving organizational outcomes and decision-making.
To identify the strengths, weaknesses, threats, and opportunities, a SWOT analysis of the organization was conducted, as recommended by top executives. The organization also assisted its managers in implementing a balanced scorecard, which facilitated communication of the operational strategy and encouraged the sharing of new ideas for improvement. The balanced scorecard serves as a crucial tool for the organization’s leaders to analyze and evaluate outcomes while providing guidance and support to employees and team members to meet future demands. Conducting a gap analysis will involve considering financial aspects and other marketing and finance options to optimize the company’s profits and processes.
Utilizing a PEST analysis is advantageous for the organization to review various components that influence the future of the healthcare firm in the United States. This analysis will assist leaders and key stakeholders in planning actions that benefit the surrounding community (Miura et al., 2021). The PEST analysis breaks down market research into four components: political factors, economic factors, sociocultural factors, and technological factors. This analysis ensures that the healthcare strategy aligns with community needs by providing vital insights into these individual factors.
Political Factors Economic Factors
Political sanctions may limit equipment imports.
Improved payment system infrastructure.
Socio-Cultural Factors Technological Factors
High rates of divorce, crime, and violence in America can increase workload and illnesses.
The use of telehealth has improved home care.
The SWOT analysis aims to evaluate the strengths, weaknesses, opportunities, and threats faced by the organization. The Home Health Agency (HHA) has been operational since 1988 and is well-known within the community. It is also a Medicare-certified organization; however, it faces challenges in providing Medicare home visits and financial burdens. On a positive note, the organization has ample funds available, which is a promising sign. Additionally, the company has the potential to develop and enhance emergency response services.
The findings indicate that macro-environmental factors affect the organization in various ways. Changes in disease patterns and tariff structures necessitate the organization’s reliance on technology to better manage diseases. This approach would empower patients to participate in decision-making processes. Interconnected social factors, such as adverse lifestyles and rising poverty in the United States, further complicate the situation (Martins, 2018). Due to a lack of physical activit