Internal And External Factors In Healthcare

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A healthcare organization’s strategic formulation must encompass the multidimensional and complex environment of the healthcare industry. Some of the external factors impacting healthcare intricacies are increased use of technology with resultant cyber security concerns, the trend of patient consumerism and the need to be more transparent, innovative and developing partnerships, and the high cost of healthcare (Strong, 2016). In addition to external factors, internal factors also impacting an organization’s strategic formulation. These include factors such as leadership style and strengths, employee receptiveness to change, efficiency of operations, and communication mechanisms.
Many tools are available to assist healthcare organizations