Banner Health and Honor Health SWOT Analysis

Health SWOT Banner Health and Honor Health SWOT analysis

Choosing the right place to access health care services can sometimes be challenging for someone looking for these essential services. In Arizona, there are several health care providers that make it nearly impossible for health care seekers to identify the best institution that offers the best services. Luckily, there are tools used in business to identify which is the best among the many institutions and one of them is the SWOT analysis. SWOT is used to identify the strengths and weaknesses and the opportunities and threats that the business is facing. This paper examines the SWOT analysis of Arizona based institutions, Banner Health, and HonorHealth. The aim is to provide guidance on which institution is the best in providing health care services in Arizona.

Banner Health overview

Banner Health is an institution operating as non-profit entity and is based in Phoenix, Arizona. It is regarded as a top health system in clinical quality. Banner Health operates 29 hospitals that include three academic medical centers. The organization caters to health care in-home care, nursing registries, hospice care, rehabilitation centers, surgery centers, and residential care. Banner Health also specializes in Alzheimer’s research, Burn care, Behavior health, and high-risk obstetrics (Kuhn & Lehn, 2015).

Honor Health in Brief

HonorHealth is in the business of providing an integrated system of care and accessible healthcare to patients and communities within the state of Arizona. The health system comprises HonorHealth Piper Surgery Center, six hospitals in Scottsdale and Phoenix, Honor Health Medical Group and Children’s Emergency (Mundi et al. 2016).

Strengths for Banner Health

Since it reduced its labor cost, Banner Health has improved on its profitability and revenue. Despite the challenges associated with a reduction of labor costs, Banner has managed it efficiently. Accordingly, Banner Health has managed to build new facilities. To succeed in labor cost reduction, the company utilized the six sigma principles and process reengineering. Banner Health also aligned the initiative with its culture and mission and collaborated with administrative and clinical staff within the organization to cooperate in the process. Other strengths associated with Banner Health is its high growth rate, funding it receives from partners and well-wishers, and experienced business units (Banner Health Annual report, 2019).

Strengths for Honor Health

According to News & Worlds Report, Honor Health is ranked among the best hospitals in Arizona concerning five clinical areas (Mehta et al 2020). The criteria used are infection rates, the rate of procedures performed, and patients’ survival. This rating helps patients to determine which hospitals provide outstanding care. Honor Health has nearly 150 years of practice in providing health care services, including programs such as Dessert Mission and NOAH. It has a team of experts including more than 6,000 physicians, dedicated employees numbering 12,865, and 3,000 plus caring volunteers who work as partners (Honor Health Annual Report, 2019).

Weaknesses of Banner Health

The business units for Banner Health are small and are situated in a very competitive market. The main competitors are Honor Health, which has an expanded network of specialized physicians and high-quality primary care. Other weaknesses associated with Banner Health are productivity, future debt rating, future profitability, and tax structure. The organization is still employing traditional marketing strategies such as radio stations and billboards despite other effective social media strategies (Banner Health Annual report, 2019).

Weaknesses of Honor Health

            The decision-making process is sometimes difficult to achieve due to bureaucracy being a large organization composed of 29 hospitals. Successes may also go unnoticed since the management looks at things in a bigger picture. According to Bhasin (2012) this has the potential of weakening the morale of workers.

Opportunities for Banner Health

With the acquisition of University Medical Center Tucson, Banner Goldfield Medical Center, Diamond Children’s growth is guaranteed for Banner Health, especially in rural areas. There are also opportunities for potential customer groups, creating new services and extending their geographic outreach like Summit Show Low’s purchase. Banner Health can also realize a growth rate, benefit from providing new services, constant income levels, and profitability. The organization is also on a mission of emplo