Question As part of your SWOT analysis due in week 7, briefly describe your assigned unit (Cardiac Telemetry) and define the meaning of the letter “O” in a SWOT analysis. State one opportunity you identified and why you see this as an opportunity. SWOT Analysis of Cardiac Telemetry Unit- Identifying Opportunities and Strengths Provide a brief description of your assigned unit or agency (Rubric Category–Preparedness)
SWOT Analysis of Cardiac Telemetry Unit- Identifying Opportunities and Strengths
Opportunities refer to any external factors beyond the control of the Cardiac Telemetry Unit or the organization that give it a competitive edge (AlMarwani, 2020). One opportunity to look out for due to its immense promise in streamlining the provision of care in the Cardiac Telemetry Unit is artificial intelligence (AI) and automation. Through these advances in technology, the unit is experiencing a reduction in redundant tasks, elimination of biased-based reading errors, and identification of data patterns that project risk and improve workflow processes. Besides, it is worth noting that certain platforms supported by AI integrate systems engineering and predictive analytics alongside problem-solving to effectively manage the flow of patients through the health systems while maintaining clinical quality, safety, and patient experience. The clinical areas harness the opportunities brought about by AI and automation, and the nonclinical areas, particularly in operations, rely heavily on repetitive tasks, such as revenue cycle and supply chain (Sion, 2018).
The trend of AI and automation is perceived as an opportunity by virtue that it is expected to help the organization and the healthcare system as a whole. Additionally, some policies make their adoption mandatory, meaning hospitals may not have control over adopting or rejecting these technological advances (Sion, 2018). One valuable lesson gained from this assessment is that organizations must have a keen eye to identify and analyze some of the prevailing situations within a market to exploit them proactively. By leveraging these opportunities, the organization may formulate a strategic plan to meet the desired objectives as well as to adapt to the altering market conditions.
References
AlMarwani, M. (2020). Pedagogical Potential of SWOT Analysis: An Approach to Teaching Critical Thinking. Thinking Skills and Creativity, 11(22), 100741. https://doi.org/10.1016/j.tsc.2020.100741
Sion, G. (2018). How artificial intelligence is transforming the economy. Will cognitively enhanced machines decrease and eliminate tasks from human workers through automation? Journal of Self-Governance and Management Economics, 6(4), 31-36.