¶ … Children's Hospital of Philadelphia (CHOP) has recently constructed an ultramodern pediatric imaging facility. The healthcare facility exclusively focuses its improved services on children's imaging. In this paper, we present a marketing approach that covers computed Tomography (CT), fluoroscopy, General radiology (X-Ray), Magnetic resonance Imaging (MRI), Nuclear Medicine as well as ultrasound. The work includes an assessment of both the internal as well as external environment which is important in allowing us to determine the full advantage associated with the CHOP brand, the strategic location of the facility as well as the purchase of the new and improved equipment to warrant the integrated marketing strategy. The approach is however, threatened by the existence of another major hospital within Philadelphia that also offers pediatric imaging services. This risk will however be mitigated by CHOP's approach of focusing on pediatric imaging at an affordable price. Pediatric imaging is to form CHOP's niche market. The marketing strategy includes a detailed description of the product, the pricing of the product, the promotional strategy, as part of the marketing mix as well as the revenue projection for 2011.A recommendation on how to implement the marketing strategy is also provided.
The challenge
The Children's Hospital of Philadelphia (CHOP) started its operations in 1855 and is proud to be the pioneering hospital in the United States to be exclusively devoted to the caring for sick children. The hospital is noted to be the birthplace of several medical firsts in the field of pediatric medicine. The hospital has made several medical discovering as well as innovations through its research institute that have helped in the improvement of the level of pediatric healthcare which in turn has helped save several lives. The institution has recently constructed an ultramodern pediatric imaging facility within its compound. The center is to provide efficient, affordable as well as on-site interpretation of advanced radiologic studies on computed Tomography (CT), fluoroscopy, General radiology (X-Ray), Magnetic resonance Imaging (MRI), Nuclear Medicine as well as ultrasound. The facility is located at the Main Hospital, Specialty Care Center, King of Prussia. The facility is conveniently located at the Main Hospital in West Philadelphia in order to cater for the in-house patients as well as patients who have been referred from other hospitals. The challenge for CHOPs is to provide an improved pediatric imaging service that is far more superior to the ones that already exist in the facility and the entire state.
Situational Analysis
A situational analysis helps in the examination of the internal as well as external factors that plays part in day-to-day running of a given company. These factors have been pointed out to influence the way a company performs as well as the choices that it needs to make in regard to its marketing strategy.
In this paper, we present an in-depth analysis of the hospital's goals, external and internal characteristics as well as its place in the competitive marketplace. A proper understanding of these elements is important for us to come up with better ways of achieving the organizational goals. The company's strengths and objectives are also to be evaluated in order to help it in realizing the set aims and objectives. The company's current market share is also to be evaluated in order to use the results in the determination of how aggressive the marketing strategy is to be.
The situational analysis will involve the profiling of all the potential clients in order to ensure that the services that are offered are done so with the right amount of commitment. A competitor analysis is also to be conducted in order to help in determining the organization's external environment. The competitors are to be analyzed in regard to their feasibility of any form of intrusion using the RWW (Real Win Worth) screen. Also to be analyzed is the organization's market position, its strengths as well as weaknesses. A Political, Economic, Social, and Technological (PEST) as well as Strengths, Weaknesses, Opportunities, Threats (SWOT) analysis is to be carried out in order to determine the nature of the company's operating environment. Kotler et al. (2010) in their book the strategic marketing for various healthcare organization pointed out that a SWOT analysis is one of the best methods that is employed in the assessment of a company's environment in order to determine its strengths, weaknesses, opportunities and threats. The analysis of an organization's strength and weaknesses reveals the company's internal environment while the opportunities and threats reveal its external environment. An organization's internal and external environment was indicated by Brassington & Pettitt (2005) to have a great influence on its marketing activities.
External environment analysis
The analysis...
The Children’s Hospital of Philadelphia is located near the University of Pennsylvania and is the first hospital in the U.S. to be solely dedicated to providing health care specifically for children. Over the years, the Children’s Hospital of Philadelphia has been ranked among the top specialty hospitals in America. It has more than 500 beds, and nearly half of them are reserved for neonatal care, cardiac care and pediatric intensive
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