SWOT Analysis: (Palomar Health System)
Strengths: PHS has various health care facilities located in multiple sites across the north county region (e.g., Escondido, San Marcos, Poway, and others). PHS has the only level II trauma center in the north county region (Palomar Health, 2015). Additionally, technology advancement, such as the Da Vinci Robotics has enhanced market competitiveness. PHS is the first to provide this technology in San Diego. The Da Vinci Robotic Surgical System is one of the most advanced technologies available in the hospital; this technique provides 3-Dimensional visualization and increased motion, providing better surgical results for urological and gynecological procedures (High Tech, High Touch, 2015). These multiple facilities and technological advances allow PHS to expand within the market. PHS has bank balances for 2014 and 2013, totaling $48,707,000 and $19,697,000 respectively; which are not exposed to custodial credit risks. Furthermore, PHS liabilities were $1,615,145,000 and $1643, 026,000 year end June 2014 and 2013, respectively; which identified a $27,881,000 reduction (Palomar Health Audit, 2014).…show more content… Operating revenues and expenditures for 2014 and 2013 are: $614,200,000 and $594,127,000; and $620,480,000 and $616,425,000 respectively. The operating revenue and expenditure differences for 2014 and 2013 are $6,280,000,000 and $22,298,000,000 respectively. The total non-operating income and expenditures losses for 2014 and 2013 were: $25,404,000 and $8,545,000 respectively. The financial revenue and expenditure differences for both years clearly identify a lost in profits. Additionally, PHS identified bad debts of losses of $75,923,000 in 2014 and $97,492,000 in 2013 (Palomar Health Audit,