Answered Essay: Your hospital is looking to develop a new Orthopedic Joint Care Center that focuses on excellence in delivering care to orthopedic patients seeking elective Total Joint procedures. T
Your hospital is looking to develop a new Orthopedic Joint Care Center that focuses on excellence in delivering care to orthopedic patients seeking elective Total Joint procedures. These types of centers are becoming competitive because patients can ‘select’ where they receive these procedures. Your CEO has asked you to develop a business plan along with SWOT to look at risks/benefits of developing this new center. The new center will involve interdisciplinary approaches to care. It will need to include input from: physicians, nurses, physical therapy, other ancillary staff, leadership, and of course the patient As you examine this new program/center you will need to consider the following questions as outlined below. Please provide responses to the below: What risks will you taking with this proposal? What are the goals of this approach? The advantages? The disadvantages? Develop and post a SWOT for this new center. How will you mediate risks? What measures will you use to determine the value of the new center? What type of strategic financial analysis should you undergo as you prepare your proposal/business plan?
Expert Answer
For the total orthopedic care center being developed I foresee following few risks as predominant
- There is already competition we are not just one of a kind or special
- Our center is new and still to prove hence there shall be initial hiccups
- Being new costs of investments are high and we my not be able to provide present market service rates or it mean’s loss
- Professionally we may need to pay more to acquire talent to earn reputation right across
- I anticipate teething issues as our set up is new
- There may be some inconsistency in our treatment or procedures as we are yet to establish internal standards as practically proven
