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PEST Analysis - Problem-Solving Training from MindTools

PEST Analysis - Problem-Solving Training from MindTools
Identifying "Big Picture" Opportunities and Threats (Also Known as PESTLE, PESTEL, PESTLIED, STEEPLE, SLEPT and LONGPESTLE) Learn how to use PEST Analysis to identify the threats and opportunities in your business environment. Changes in your business environment can create great opportunities for your organization – and cause significant threats. For example, opportunities can come from new technologies that help you reach new customers, from new funding streams that allow you to invest in better equipment, and from changed government policies that open up new markets. Threats can include deregulation that exposes you to intensified competition; a shrinking market; or increases to interest rates, which can cause problems if your company is burdened by debt. PEST Analysis is a simple and widely used tool that helps you analyze the Political, Economic, Socio-Cultural, and Technological changes in your business environment. About the Tool PEST Analysis is useful for four main reasons: Note: Tip:

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Related:  Health Care Management

4 deft ways hospitals use social media Awareness - According to Parker, one of the most important uses of social media is as a multi-faceted means of getting new, and perhaps critical, healthcare information out to the public. “Perhaps a new test has been developed that can catch a certain cancer earlier,” she said. The viral nature, so to speak, of social media can be a very effective means of disseminating information quickly, particularly when that information comes from a highly regarded medical source and can be of immediate use to patients. Connecting with customers - Any business needs to maintain its reputation, and hospitals and other providers are no different.

PEST Analysis Video - Strategy Skills from MindTools Understand your environment, with James Manktelow & Amy Carlson. James Manktelow: Hello. I'm James Manktelow, CEO of MindTools.com, home to hundreds of free career-boosting tools and resources. Amy Carlson: And I'm Amy Carlson from Mind Tools.

Planning for Healthcare Reform: Using the Balanced Scorecard Approach to Strategic Planning Planning for Healthcare Reform: Using the Balanced Scorecard Approach to Strategic Planning healthcare on January 23, 2014 - 3:20 pm in Economics Planning for Healthcare Reform: Using the Balanced Scorecard Approach to Strategic Planning Hospital Planning for Healthcare Reform Philip Weintraub, MSc Public Health, DLSHTM Dignity Health Saves $30 Million on Reductions in Hospital-acquired Infections and Readmissions; Positively Affects 10,000 Patients Dignity Health, one of the five largest hospital systems in the nation, today announced in two years it has reduced hospital-acquired infections and readmissions, positively affecting more than 10,000 patients and potentially saving an estimated $30 million, as a result of efforts across the hospital system from Jan. 2012 through Dec. 2013. In recognition of the health system’s ongoing successes, the U.S. Department of Health and Human Services named Dignity Health as one of its Partnership for Patients’ Hospital Engagement Networks for a third consecutive year to continue implementing changes that improve patient care. The Hospital Engagement Networks, formed by the federal Partnership for Patients initiative and made possible by the Affordable Care Act, is making significant strides towards better patient care at an affordable cost. Best Practices Add Up to Big Results

PEST Analysis: Summary, Forum and Expert Tips What is PEST analysis? Description The PEST analysis is a framework that strategy consultants use to scan the external macro-environment in which a firm operates. PEST is an acronym for the following factors: Political Economic Social Technological PEST factors play an important role in the value creation opportunities of a strategy. Top 10 challenges facing physicians in 2014 Every challenge is an opportunity. And while this list of 10 challenges facing physicians seems daunting and nearly insurmountable for smaller office-based practices, many believe there is tremendous upside for primary care physicians in leading healthcare delivery in the United States in 2014 and beyond. The result could mean more autonomy; it could mean better quality of life for you and your patients, and hopefully result in less interference with the doctor-patient relationship. But it’s going to take work, management experts say. Physicians will need to reinvent their operations to create efficiencies and thoroughly evaluate the revenue cycle to maximize cash flow.

InTouch Health Broadens Its Acute Care Telemedicine Solutions for Critical Care Management At the American Telemedicine Association (“ATA”) 2014 annual conference, InTouch Health® today announced the launch of the world’s first FDA cleared App for iPad® that enables real-time auscultation from a digital stethoscope. InTouch Health’s CS App for iPad connects over the Internet to its purpose-built Remote Presence medical devices equipped with a stethoscope. Unlike other iPad stethoscopes that only provide store-and-forward capabilities, the CS App for iPad uses sophisticated quality of service technology to transmit real-time live auscultation from a patient to a remote doctor.

Providers Still Using Traditional Analytics and Reporting Tools - Global Hospital & Healthcare Management Data analytics and reporting in healthcare is an emerging trend but the current tools in use by provider organizations are still fairly traditional, according to a new research survey. The survey, from the Auburn, Calif.-based medical management software vendor TCS Healthcare, the Case Management Society of America (CMSA), and the American Board of Quality Assurance and Utilization Review Physicians (ABQAURP), asked respondents about what health IT systems they are using as well as current and emerging software applications.

Privia Health Hires Dr. Andrew Aronson as Chief Medical Officer - Yahoo Finance ARLINGTON, Va.--(BUSINESS WIRE)-- Privia Health, LLC, a leading physician practice management and population health technology company, announced today that Dr. Andrew Aronson, MD, FACEP has joined the organization as Chief Medical Officer. Tufts Health Plan’s Medicare Preferred HMO and Senior Care Options Plans Earn 4.5 Stars from Centers for Medicare and Medicaid Services WATERTOWN, Mass.--(BUSINESS WIRE)-- Recognized for its quality and performance, Tufts Health Plan has earned 4.5 Stars out of a possible 5 for its Tufts Medicare Preferred HMO and Senior Care Options plans from the Center for Medicare and Medicaid Services (CMS) as part of their annual Star ratings for 2015. The Tufts Medicare Preferred HMO, a Medicare Advantage plan, has received a 4.5 Star rating from CMS for five consecutive years. Tufts Medicare Preferred is the largest Medicare Advantage plan in Massachusetts with over 104,000 members. “We work in collaboration with our contracted physician groups to continually improve the service and care our members receive.

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