The revenues generated from these services typically include direct billable hours coupled with the sale of hardware that is used in conjunction with developing an IT network. Foremost, these businesses – once they acquire their initial clients – are able to generate substantial revenue stream from the initial rendering of services as it relates to developing an information technology infrastructure. These businesses are able to generate substantial streams of income from a number of different revenue centers.
As such, IT consulting firms have become a very integral part of the overall economy. External opportunities including increased use of the Internet, a favorable national environment, and a growing call for industry standards are pressured by threats of legal compliance, loss of patient trust, and high cost of IT.Information technology is prevalent throughout the United States, and on a worldwide basis for that matter. Internal weaknesses, however, include a lack of information system integration, user resistance to new technologies and processes, and slow adoption of IT. Internal strengths supporting further industry investment in IT include improved patient safety, greater operational efficiency, and current investments in IT infrastructure.
Using the popular strategic analysis tool of strengths, weaknesses, opportunities, and threats analysis (SWOT), facing the healthcare industry and its adoption of information technologies (IT) are presented. Analysts, practitioners, patients and others have concerns for the industry. AbstractThe healthcare industry is under pressure to improve patient safety, operate more efficiently, reduce medical errors, and provide secure access to timely information while controlling costs, protecting patient privacy, and complying with legal guidelines.
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