Write a 1,225- to 1,575-word report of your organization’s SWOT and how economics in your market impact the strategy and future of your organization.
Analyze how the economic concepts impact the SWOT analysis opportunities or threats facing Piedmont Fayette Hospital and how economics in the market impact Piedmont Fayette Hospital's strategy and the organization's future. Include the following:
Summarize the major economic trends in your market.
Evaluate whether these trends benefit or harm your organization’s strategic goals. Provide a rationale for your response.
Evaluate whether the economy in your market presents opportunities or threats for your organization or both.
Describe them and how they apply to your organization.
Examine whether your organization can influence the economics in your area. Explain your perspective.

My current employer is Piedmont Healthcare, and the objectives are to continue. Prioritizing strategies for new, improved outpatient services at our five hospitals, IT solutions to enhance administrative efficiency, and new medical programs to meet patient needs with priority on reducing costs while maintaining high-quality care, increasing staff satisfaction, and following Affordable Care Act policies.
SWOT ANALYSIS:
Internal strengths: Piedmont Healthcare offers exceptional healthcare services to patients. Team collaboration and interactions are robust characteristics within the organization; other industries have admired these vital health attributes. They hire the most skilled, proficient physicians and healthcare professionals, offering top-notch medical care with over 488 beds, 26 specialties, and 50 locations. We used environmental data and current walk-throughs to identify and implement. Opportunities for Piedmont. These include risk reduction and improved staff satisfaction. There are opportunities for offsite options for low-cost access to fitness facilities, advanced education, and more retail partnerships for employee discounts and patient-physician interactions at Piedmont—Legal and regulatory issues are considered in future healthcare organization planning.
Internal Weaknesses: The healthcare organization is experiencing a shortage of outpatient services, causing higher patient costs. IT challenges have also affected efficiency and increased costs. This technology is vital to remain relevant in today's environment; the facility recognizes this as an essential opportunity. Other competitors have identified and capitalized on pay incentives, educational benefits for higher learning, and stronger mentoring to advance career growth within organizations. The Piedmont system was leading these areas, but other competitors capitalized post-pandemic.
Opportunities: They could benefit from expanding their outpatient services, IT, and AI marketing for in-home telehealth, making it more convenient for patients and creating a new revenue source. Another opportunity is to capitalize on the surrounding business industries using the facilities brand to foster stronger partnerships with stakeholders and utilize the brand to offer more support services within the communities, especially the most vulnerable at-risk populations with increased community events.
Threats: Other healthcare competitors are exploring the markets and stakeholders for competition research medications, disease processes, and less invasive surgical procedures and reducing prices to avoid losing patients to competitors. Lower costs are vital for healthcare organizations to thrive in a potentially unstable economy.