Strengths And Weaknesses Of The New York Presbyterian System

Although these numbers show a strong financial standpoint of the organization, New York Presbyterian have more opportunities to increase it’s revenue and profit. The revenue and profits will increase through the improvement of the efficiency of the organization.Through a thorough research and assessment of their finances, Our health venture group placed New York-Presbyterian as one of our top investment priorities. However, their finance is not the only reason, an analyzation of their SWOT makes it one of the best HCOs to invest in. One of the strongest strengths of New York Presbyterian hospitals is their reputation as a provider of one of the highest quality of care in the nation. Coupled with being ranked the 8th best hospital in the US

Furthermore, NewYork- Presbyterian is yet to establish is itself as major specialty hospital unlike its competitors such as hospital of special surgery and Henry J. Carter Specialty Hospital & Nursing Facility. Competitors such as the Hospital of Special Surgery provide specialty care that emphasize on sports medicine and orthopedic care. Another competitor of the New York Presbyterian system is the Henry J. Carter Specialty Hospital & Nursing facility that specializes in providing skilled nursing services and long-term acute care to its patients. As a result of these competitors, potential customers that require any of these specialty care will prefer New York Presbyterian competitors. Through its weaknesses, New York-Presbyterian healthcare system become threatened by its weakness. As a local healthcare system, the main weakness of NewYork -Presbyterian is it’s immense amount of competition. However, it also has the opportunity and means to expand nationally and establish specialty programs in order to penetrate the established market share of Hospital for Special Surgery and the Henry J. Carter Specialty hospital and nursing

A gift of $75 million in late January from the Steven & Alexandra Cohen Foundation to establish a new hospital for pre- and post-natal care. This new facility named The Alexandra & Steven Cohen Hospital for Women and Newborns will be housed in the NewYork-Presbyterian/Weill Cornell campus and will open to patients in 2020. The addition of this new facility will open another revenue stream for the NewYork-Presbyterian healthcare system. Furthermore, the Alexandra & Steven Cohen Hospital for Women and Newborns will enable the healthcare system to penetrate the maternal health care market share. Moreover, this new facility will serve as NewYork Presbyterian healthcare system attempt to increase the number of specialized facilities it operates. In early November, NewYork Presbyterian healthcare system also completed an expansion project in collaboration with Weil Cornell Medicine. Named The NewYork-Presbyterian/Lower Manhattan Cancer Center, the new facility consists of numerous modern devices including a state-of-the-art oncology center. In addition to the opening of a state-of-the-art cancer facility, NewYork -Presbyterian also opened a hospital specializing in the spine muscle known as the The Spine Hospital at NewYork-Presbyterian/Allen. The continuing expansion of