SWOT Analysis of Voluntary Health Insurance - Essay Example

SWOT Analysis of Voluntary Health Insurance

Strength

Weakness

-          Effective employee supervision

-          Improved customer perception

-          Poor internal generation of funds

-          Lack of flexibility in business operation

Opportunity

Threat

- The increasing cost of healthcare

-          Specialized provisions made in the healthcare reform

-          Absence of compulsive legislature for registration

-          Increasing use of private service providers

SWOT Analysis of Health Care Providers 

Strength

Weakness

-          Huge human resource base 

-          Fewer organizational unrest  

-          Diminished customer trust in the quality

-          Higher prices of service  

Opportunity

Threat

-          Continued education on primary healthcare

-          Expansion in government funding

-          Increases in substitute services, which are mostly non-medicinal

-          Increases in the aging population

From the SWOT analyses above, it would be noted that there are both factors that guarantee that the two stakeholders will give quality and less expensive healthcare and factors that militate against this ambition. In such a situation, much responsibility becomes rested on the service providers to ensure that they are better placed to take advantage of their opportunities and turn them into strengths. As they do this, they must also ensure that they maintain their strengths and overcome their weaknesses and threats (Meredith and Shafer, 2012).