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CommonSpirit Health SWOT and PESTLE Analysis

ID : 521179953| Feb 2023| 18 pages

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

SWOT
PESTLE
The SWOT analysis for CommonSpirit Health is presented below in a table followed by the detailed analysis report.
StrengthsWeaknesses
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
OpportunitiesThreats
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.

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
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TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?

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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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In-text: (SWOT & PESTLE.com, 2024)

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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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