PESTEL & Porter’s Five Forces Analysis of National Healthcare Group Pte Ltd
Contents
Contents 2
Company Introduction of National Healthcare Group Pte Ltd (NHG) 3
PESTEL Analysis of National Healthcare Group Pte Ltd 3
1.Political factors 3
2.Economic factors 4
3.Social factors 4
4.Technological factors 4
5.Environmental factors 5
6.Legal factors 5
Porter’s 5 Forces of National Healthcare Group 5
1.New Entrants (High Pressure) 5
2.Threat of Substitute (Medium to High Pressure) 6
3.Suppliers (Medium to Low Pressure) 6
4.Customers (Low Pressure) 6
5.Intensity of Rivalry (Medium Pressure) 7
Conclusion of PESTEL and Porter’s Five Forces Analysis on National Healthcare Group 8
References 9
Company Introduction of National Healthcare Group Pte Ltd (NHG)
National Healthcare Group Pte Ltd (NHG) is one of the six major healthcare clusters in Singapore, by providing healthcare services to the centric Regional Health System (RHS) System (RHS for the Central Region, 2012). The group was formed in year 2000, with the vision of “Adding Years of Healthy Life”, group’s philosophy of “Putting Patients First” (Group Corporate Communications, National Healthcare Group, 2013, p. 4), NHG’s major healthcare institutions members include the second largest public hospital - Tan Tock Seng Hospital and the only psychiatric hospital in Singapore – Institute of Mental Health, nine primary healthcare polyclinics in the northern, western, and parts of Singapore and three specialists’ outpatients centres, which are: National Skin Centre, Johns Hopkins Singapore International Medical Centre and Communicable Disease Centre (National Healthcare Group, 2012). Anchored by Tan Tock Seng hospital (TTSH), NHG and its group members are striving their best to provide patient-centred, holistic and integrated care to the nation (National Healthcare Group, 2012).
Other than contributing integrated healthcare services to the RHS, NHG also takes part in medical research, training and education for allied health and medical staff (National
Contents 2
Company Introduction of National Healthcare Group Pte Ltd (NHG) 3
PESTEL Analysis of National Healthcare Group Pte Ltd 3
1.Political factors 3
2.Economic factors 4
3.Social factors 4
4.Technological factors 4
5.Environmental factors 5
6.Legal factors 5
Porter’s 5 Forces of National Healthcare Group 5
1.New Entrants (High Pressure) 5
2.Threat of Substitute (Medium to High Pressure) 6
3.Suppliers (Medium to Low Pressure) 6
4.Customers (Low Pressure) 6
5.Intensity of Rivalry (Medium Pressure) 7
Conclusion of PESTEL and Porter’s Five Forces Analysis on National Healthcare Group 8
References 9
Company Introduction of National Healthcare Group Pte Ltd (NHG)
National Healthcare Group Pte Ltd (NHG) is one of the six major healthcare clusters in Singapore, by providing healthcare services to the centric Regional Health System (RHS) System (RHS for the Central Region, 2012). The group was formed in year 2000, with the vision of “Adding Years of Healthy Life”, group’s philosophy of “Putting Patients First” (Group Corporate Communications, National Healthcare Group, 2013, p. 4), NHG’s major healthcare institutions members include the second largest public hospital - Tan Tock Seng Hospital and the only psychiatric hospital in Singapore – Institute of Mental Health, nine primary healthcare polyclinics in the northern, western, and parts of Singapore and three specialists’ outpatients centres, which are: National Skin Centre, Johns Hopkins Singapore International Medical Centre and Communicable Disease Centre (National Healthcare Group, 2012). Anchored by Tan Tock Seng hospital (TTSH), NHG and its group members are striving their best to provide patient-centred, holistic and integrated care to the nation (National Healthcare Group, 2012).
Other than contributing integrated healthcare services to the RHS, NHG also takes part in medical research, training and education for allied health and medical staff (National
References: Chew, J. (12 June, 2014). The rise of health apps. The Straits Times , pp. 10-11. Department of Statistics, M. o. (2014). ADMISSIONS TO PUBLIC SECTOR HOSPITALS. Singapore: Department of Statistics, Ministry of Trade & Industry, Republic of Singapore. Department of Statistics, Ministry of Trade & Industry. (2013). POPULATION TRENDS 2013. Singapore: Department of Statistics, Ministry of Trade & Industry. Facts and Rankings. (7 May, 2014). Retrieved 14 June, 2014, from 2014 Singapore Economic Development Board: http://www.edb.gov.sg/content/edb/en/why-singapore/about-singapore/facts-and-rankings/rankings.html Financing Group Corporate Communications, National Healthcare Group. (2013). 2012/13 NHG CORPORATE YEARBOOK. Singapore: NHG Group Corporate Communications. Group Corporate Communications, National Healthcare Group, Wong Fong Tze, Tania Tan, Lim Phay-Ling. (2013). 2012/13 NHG CORPORATE YEARBOOK. Singapore: NHG Group Corporate Communications. Khalik, S. (2014, January 10). Managing the bed crunch in hospital. The Straits Times , pp. B6-7. Low, D., & Elias, M. (2012, August). Population Ageing Requires Adaptive Responses, Not Just Technical Ones. (A. Pang, Ed.) Ethos , 11, pp. 30-35. Measures For Households. (2014, March 5). Retrieved June 17, 2014, from Government of Singapore: http://www.singaporebudget.gov.sg/budget_2014/Families1.aspx Ministry of Health National Healthcare Group. (2012). National Healthcare Group. Retrieved 14 June, 2014, from NHG: https://corp.nhg.com.sg/NHGPoly/Pages/default.aspx National Healthcare Group NHG - Group Purchasing Office. (2010). Retrieved June 17, 2014, from Group Purchasing Office: https://www.gpo.nhg.com.sg/index.asp NHG Chronic Diseases Management Schwab, K. (2013). The Global Competitiveness Report 2013-2014. Geneva: World Economic Forum. Siau, M. E. (27 October, 2013). New Sengkang hospitals will boast 1,400 beds. TODAY . Singapore: MediaCorp Press Ltd. Soh, E. (2013, March 12). MOH: Four new hospitals, 12 more polyclinics by 2030. Retrieved June 17, 2014, from Yahoo News Network: https://sg.news.yahoo.com/moh--four-new-hospitals--12-more-polyclinics-by-2030-080655370.html Wong, F