Health Care Essay Example | Topics and Well Written Essays - 2250 words

Health Care - Essay Example As a result of this, there are cases where treatment for some seemingly incurable diseases was successfully done in this institution. Weaknesses - Though superb in providing health care, the Mayo Clinic had been allegedly accused of "defrauded the United States by misapplying certain grant funds from the National Institutes of Health and its parent agency (Harsh Criticism for the Mayo Foundation's Accounting Practices)." High medication fees cost is another weakness of the company. Opportunities - With its state-of-the-art medical facilities and research, Mayo Clinic has capability to dominate its market share. It is also a world leader in achieving breakthroughs and improvements in health care technology. Threats - Bioterrorism is one of the threats that infests medical institutions nowadays especially in distinguished medical institutions like Mayo Clinic. The incompatibility of applying modern IT technology to Mayo Clinic's system is another threat. 2. Leadership is a very vital component in any organization. ... Decisions come from a committee with a multi-departmental representation. Its principle in incorporating teamwork in its design is clearly reflected in its management system. Mayo Clinic has been very successful under this management system. In fact, it has been hailed numerous times for its world-class quality medical service. However, at times when snap and urgent decisions are needed, a single capable leader should do the job. Mayo Clinic should address this topic to avoid any cases where prompt and immediate action is needed. They should add a policy in the by-law stating that when cases of this nature happen, they should give the chairman the power to decide on and to implement emergency regulations. 3) There are various conditions where alliances are very risky between the parties involved. One of these is when a party's business or interest belongs to a totally different nature than that of the business nature of the alliance being formed. An example of this is when two businesses form a biotechnology firm where one party belongs to the field of health care services that has no background on medical research and the other is from the realm of software development that has no previous product line that caters to medical services. The lack of familiarity of one or both of the parties is very risky for the partnership or corporation, especially now that competition is very fierce and speed of technological improvement, very rapid. Though we can say that the learning curves of both parties are very high, still the risk of delivering quality results are high considering the time spent on learning the trade and the necessary operational know-how and wisdom that the