COMPANY PROFILE -CommonSpirit Health
Business Sector :Healthcare
Operating Geography :United States, North America
About CommonSpirit Health :
Headquartered in Chicago, Illinois, U.S., CommonSpirit Health is a nonprofit healthcare system which was created by combining Catholic Health Initiatives and Dignity Health in early 2019. By combining the resources of both the entities, the organization aims to build healthy communities for the poor and vulnerable. The company focuses on 3 main segments: Advancing Health Equity, Improving Population Health, and Innovation in Healthcare. CommonSpirit provides its services in 21 states in the U.S. and has around 1000 care centers and 139 hospitals. The services are provided with the help of around 150,000 health care workers. In February 2022, CommonSpirit allied with Morehouse School of Medicine to introduce ‘More in Common Alliance’ to increase cultural capabilities and expand minority representation in clinical care.
CommonSpirit Health is committed to meet patients need anywhere and anytime. So, to fulfill this, CommonSpirit introduced virtual visits where it could provide its services to patience and also add benefits to the environment. Since March 2020, CommonSpirit Health Physician Enterprise doctors and Advanced Practice Providers have conducted over 2 million telehealth visits with patients. This has led to the reduction of over 20,000 metric tons of greenhouse gas emissions.
CommonSpirit Health’s unique selling proposition or USP lies in being one of the largest Catholic health system and the second largest non-profit hospital chain in the United States. CommonSpirit’s mission Statement reads, “As CommonSpirit Health, we make the healing presence of God known in our world by improving the health of the people we serve, especially those who are vulnerable, while we advance social justice for all”, while its vision is, “A healthier future for all – inspired by faith, driven by innovation, and powered by our humanity.”
CommonSpirit Health Revenue :
$33.3 billion – for the financial year 2020-21 (y-o-y growth 14.27%)
$29.58 billion – for the financial year 2019-20
Competitive Analysis of CommonSpirit Health
The SWOT analysis for CommonSpirit Health is presented below in a table followed by the detailed analysis report.
Strengths | Weaknesses |
1. One of the largest non-profit health systems in the US
2. Spearheading innovative technology for social issues
3. Firm grip on market in the US
4. Adapting to climate goals and sustainability
5. Virtual health visits in times of the pandemic
| 1. Reliance on donations and staggered funding
2. Limited growth opportunities internationally
|
Opportunities | Threats |
1. Expanding operations to more states in the US
2. Developing technology that can offer healthcare digitally
3. Expand services and offerings through key partnerships
| 1. New variants of the coronavirus might stress these health systems
2. Nursing shortage in the US
3. Supply disruptions may thwart progress and operations
|
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Detailed SWOT Analysis of CommonSpirit Health
Strength
1. One of the largest non-profit health systems in the US: Operating at 140 hospitals in 21 states in the United States, the CommonSpirit Health group has uniquely positioned itself as a Catholic provider of health services in the market. It offers technology-based healthcare to a society that has been grappling with the adverse effects of the COVID-19 pandemic. Formed in 2019 by merging of Catholic Health and Digital Health, the group is non-profit and works for the underserved categories of the public.
2. Spearheading innovative technology for social issues: Commonspirit Health is committed to extensive research and development in the medical field to further their cause for equity in healthcare. They are laser focused on multi-site clinical trials, technology and research partnerships with industry and academia, medical staff or physician investigator-initiated research, nursing initiated research and medical resident-initiated research. The group encourages participation and conduction of these trials to facilitate healthcare that promote community safety generally, and especially given the pandemic.
The remaining section under "Strength" is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
This section is available only in the 'Complete Report' on purchase.
Threat
This section is available only in the 'Complete Report' on purchase.
The PESTLE analysis for CommonSpirit Health is presented below in a table followed by the detailed analysis report.
Political | Economical |
1. Russia-Ukraine crisis may impact stability in the US
2. Policy changes with respect to healthcare
| 1. New variants putting healthcare systems at risk
2. Economic recovery from COVID-19 slowing due to Omicron
3. Inflationary pressures in the US
|
Social | Technological |
Higher need for community engagement since pandemic
2. Aging population has changing demands
| 1. Dependence on digital health services in the pandemic
2. Using sophisticated technology in healthcare
|
Legal | Environmental |
1. Potential lawsuits and litigations against companies | 1. Focus on recycling and sustainability
2. Including environment protection in CSR
|
On purchase the CommonSpirit Health SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
Detailed Pestle Analysis of CommonSpirit Health
Political
This section is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
This section is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
1. Focus on recycling and sustainability: Post COP26 in Glasgow (2021) and the Paris International Agreement (2015), international organisations and national governments in OECD countries have Commonspirit Health has been adapting its strategy and mission to fit into the topical need for climate preservation and environment protection. They are connecting industry-specific waste management to their individual goals. Their 2030 energy goals include decreasing energy consumption by 25%, decreasing greenhouse gas emissions by 40% and designing new hospitals at 15% below current (2019) energy efficient standards. They have partnered with sustainability partners in various sectors such as America is All In for reducing greenhouse gas emissions, The Chemical Footprint Project for sustainability in supply chain and ecoAmerica to spread awareness among healthcare employees about the connection between climate and health.
The remaining section under "Environmental" is available only in the 'Complete Report' on purchase.
Major Competitors :
- Licking Memorial Health System
- St. Joseph Health
- St. John's Health
- Mercy Health System
- Covenant Health Canada
- Hawaii Pacific Health
- Benedictine Health System
- Trinity Health
On purchase the CommonSpirit Health SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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CommonSpirit Health Porter's Five Forces Analysis |
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CommonSpirit Health VRIO Analysis |
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CommonSpirit Health Value Chain Analysis |
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CommonSpirit Health Covid-19 Impact Analysis |
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CommonSpirit Health BCG Analysis |
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CommonSpirit Health Segmentation, Targeting and Positioning (STP) Analysis |
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CommonSpirit Health Ansoff Matrix Analysis |
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Check Out Analysis of Other Relevant Companies
References used in CommonSpirit Health SWOT & PESTLE Analysis Report
1. Clinical research | CommonSpirit Health - https://www.commonspirit.org/what-we-do/innovative-care/clinical-research
2. Our locations | CommonSpirit Healthhttps://www.commonspirit.org/who-we-are/our-locations
3. Environmental stewardship | CommonSpirit Health - https://www.commonspirit.org/what-we-do/advancing-health-equity/environmental-stewardship
4. Vital Virtual Care Offered During COVID-19 Comes with ‘Green’ Benefits | CommonSpirit Health - https://www.commonspirit.org/news-and-perspectives/news/vital-virtual-care-offered-during-covid-19-comes-with--green--be
5. Innovative care | CommonSpirit Health - https://www.commonspirit.org/what-we-do/innovative-care
The detailed complete set of references are available on request in the 'Complete report' on purchase.
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CommonSpirit Health SWOT and PESTLE analysis has been conducted by Riti Bhattacharyya and reviewed by senior analysts from Barakaat Consulting.
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