This SWOT analysis examines a radiology group's internal strengths like specialized expertise and relationships with hospitals, as well as weaknesses like lack of diversification and IT support. Opportunities include aligning with hospitals and other practices to gain market share from trends like an aging population. Threats are external factors such as decreasing reimbursement, increasing uncompensated cases, and competition from national and local radiology groups.
This SWOT analysis examines a radiology group's internal strengths like specialized expertise and relationships with hospitals, as well as weaknesses like lack of diversification and IT support. Opportunities include aligning with hospitals and other practices to gain market share from trends like an aging population. Threats are external factors such as decreasing reimbursement, increasing uncompensated cases, and competition from national and local radiology groups.
This SWOT analysis examines a radiology group's internal strengths like specialized expertise and relationships with hospitals, as well as weaknesses like lack of diversification and IT support. Opportunities include aligning with hospitals and other practices to gain market share from trends like an aging population. Threats are external factors such as decreasing reimbursement, increasing uncompensated cases, and competition from national and local radiology groups.
Subspecialized expertise Lack of income diversification
Strong relationship with hospital Tied to one hospital system Support from administration No significant hard assets Regional recognition Lack of IT support Quality of physicians Politics within the group In-house coverage
Opportunities (Internal and External) Threats (External)
Hospital alignment Decreasing reimbursement
Alignment with other radiology practices Increasing after-hours work Gain market share Increasing non-compensated cases Baby boomers National radiology practices Improve contracts Competing local radiology groups New business Leakage of studies Use technology/physician extenders Health care reform and ACOs Increase marketing efforts Turf wars Create awareness of radiology services Self-referral/in-office imaging