Question
This module, we will use the discussion board to conduct a SWOT Analysis using a case study: Here for You Inc. (HFYI) is a home
This module, we will use the discussion board to conduct a SWOT Analysis using a case study:
Here for You Inc. (HFYI) is a home health care agency operating in the northeastern United States. HFYI has been growing since its inception ten years ago. However, its rate of growth has slowed during the past year because of competition from two agencies that have national footprints and business relationships with several large hospital chains. HFYI has close relationships with various local and regional hospitals. HFYI has dedicated employees, and it pays its employees a higher hourly rate than its national competitors. However, it charges slightly higher rates to offset the higher employee pay. HFYI's workers compensation costs have been increasing during the past five years because of back injuries incurred by home health aides and nurseswhile lifting patients.
HFYI is well capitalized and is considering several potential growth strategies. One strategy is to expand beyond the Northeast region. Another strategy HFYI is considering is reducing its rates to meet its competitors' rates and, through this cost matching, developing an alliance with one of the hospital chains. However, it does not want to reduce its employees' pay and would therefore have to find another way to subsidize the rate reduction. A third strategy HFYI is considering is expanding its service to include physical therapy in addition to nursing services.
In order to evaluate these strategies, HFYI has assembled a task force (you!) from various organizational functions to perform a SWOT analysis.
For your post, describe and discuss at least one of the following:Strength,Weakness,Opportunity, orThreat.
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