working on a case study about a non-profit community hospital looking to be more profitable and avoid bankruptcy. The improvement
I am working on a case study about a non-profit community hospital looking to be more profitable and avoid bankruptcy. The improvement options are recruiting physicians, expanding diagnostics/labs, expanding hospital services, and facility improvement. Below is a detailed SWOT analysis of the case study for reference. The goal of the research paper is to provide support from outside literature highlighting the following:
-non-profit hospitals finding ways to stay profitable
-identify the top profitable services/departments/specialties
-what new implementations is leadership adapting to survive
-any other literature that supports any of the points below
SWOT analysis:
Strengths
Bilby is a not-for-profit community hospital with 280 beds
Departments that exist: OBGYN, Neurosurgery, Emergency Department, and an Adolescent psychiatric unit with an in-house substance abuse program
High-quality nursing care
Older than competitors
New leadership has helped make a small positive net income by improving payment arrears through cost-saving measures and aggressively collecting receivables
Financing approach city for municipal bond
Weaknesses
Needs to upgrade imaging technology
Needs more medical offices for doctors
Needs to upgrade EMR
Bilby hospital has struggled financially and almost went bankrupt
High cost of supplies, stand-only facility, limited bargaining power
Opportunities
Diverse population with equal proportions of African American, White, and Latinos
Steady growth in population
Population >400k
Affordable housing outside the metro area
A rise in heart disease
St. Patrick’s has no space to grow
Threats
Location of Bilby hospital is 1-hour drive East of metro area, city center/commercial district
High-cost housing within the metropolitan area
St. Patrick’s, not-for-profit, competitor 3 miles away on the East side, 320-bed facility, consistently financially stable, specializes in cardiology with a cardiac cath lab and cardiothoracic surgery, and fairly modern diagnostics
Medium size University center that is the trauma center of the region, 10 miles South
Answer preview for working on a case study about a non-profit community hospital looking to be more profitable and avoid bankruptcy. The improvement
APA
875 Words