NV Lifecare is the healthcare company; the company is maintaining the highest quality standards for the customers and here is focus on new approaches so clients could enjoy the products at affordable prices. There are effective products, which focuses on made on latest technology and innovations. The company to grow in the market need to maintain the customers and employees so that there could be the encouragement in the pharmaceutical world. The NV Lifecare needs to review the critical elements effectiveness and trends in the market, in order to incorporate with business strategy.
NV Lifecare is located in Gujarat, India; the company is in 5 states of India. NV Lifecare was launched in 2011. NV Lifecare is the healthcare company, there are efforts for providing better healthcare alternatives, and the facilities are given to the people of India and the other people of the world. Mr. Atish, who is the Medical Representative of the company, did an effort to support and maintaining the highest quality standards for the people, a company is providing the effective products so that customers could enjoy the products at affordable prices.
From the IT point of view, there are focuses on the latest technology and innovations so that customers or patient could give friendly products. NV Lifecare has the technology-driven innovators so that there could be an anticipation of the future requirements and company could design and maintain its functions regarding innovative IT more effectively.
However, another concern of the NV Lifecare is an environment, Health & Safety and the products and services are given based on the commitment to the customers. The company has to maintain the customers and employees so that there could be the encouragement in the pharmaceutical world, the company major focus on maintaining valuable for the efficient customer relationships. There are few qualitative dimensions that the human resource is the backbone of the enterprise.
Findings and Observations
NV Lifecare is making the people life effective, through achievement of the goals, thus, for the highest level of ethical standards the company has marinated the culture in the company, so that IT environment can be supportive, in Medicare there are 75 highly professional and the other staff that focus on the technologically innovative function. In NV Lifecare there are struggles to make the better future of the company and to the issues by helping or focused on the critical issue that can take place IT organizations.
As mentioned in the book that the human resource of the company is focused on the IT human resources, people, and skills of the employees need to be a focus because problems can be created in the company, however, skills need to be enhanced regarding focus on the technical skills. The IT employees need to have the industry knowledge so that there could be effective IT process in the organization. The NV Lifecare need to review the critical elements of the effective trends in business strategy, for most corporate positions, the company can do availability of talent for the better career in IT.
IT professionals can do the research in the marketplace, the so that better services could be given regarding the products and services. In the Internet marketplace, it is being analyzed that gaps are there in the market, as the research was done by the Information Technology Association of America that there is the demand for IT workers in the country, however which was resulted in an economic slowdown.
NV Lifecare Company Analysis
NV Lifecare SWOT Analysis
NV Lifecare has strength in the market, as there are valuable customers and they trust the company, however, a company has 75 highly professional and the IT supportive office staff. The company is making the technologically innovative products for the NV Lifecare in the future.
NV Lifecare weakness is that it is not giving the better health care alternatives to the customers. There is need to focus more on the alternatives, as IT professionals can do the research in the marketplace.
Regarding the opportunities, NV Lifecare has the opportunities in the market, as the company can focus on the highest quality standards and deal with the patients in the friendly way, there can be friendly and affordable products. Effective steps could be taken in the field of IT, so that company could grow in the market.
NV Lifecare can face threats in the market as there could be issues regarding social security of the customers. The country economic condition can also get bad, as, in India, the poverty rate is high so NV Lifecare may have to suffer if there are maximum competitors in the market, giving the medical check-up and medicine at the less or cheaper prices.
NV Lifecare Porter’s Five Forces Analysis
Threats of the Entrants
NV Lifecare has the threats of the new entrants because strong intensity of moderate capital costs, however, much money is required for the cost of brand development.
NV Lifecare can face competitive rivalry because there can be the different sizes competing companies as large variety can be given by customers.
Power of the buyers
NV Lifecare regarding bargaining power of the buyers has the weak intensity because there is the large population of buyers and there is the small size of the person or individual purchases.
Power of suppliers
NV Lifecare bargaining power of suppliers can have the weak intensity because the suppliers have tough competition in the market and there are large populations of suppliers.
Threats of substitutes
NV Lifecare substitution has weak intensity because medicines given by company have few or no substitutes, as a company has developed in IT technology so there is the low variety of substitutes and higher cost of substitutes.
NV Lifecare Ansoff Models Analysis
Marketing penetration strategy
NV Lifecare can do selling off the existing products or services by focused on the IT technology because there can be customers across the world and can ask for the effective products.
Product development strategy
For the product development, NV Lifecare can go to an international market and can focus on the IT development and products according to the needs.
Market development strategy
For the market development, NV Lifecare can make the growth strategies, as through IT development they could find the new target market.
For the diversification strategy, NV Lifecare can go to international market, can focus on the IT development, and can sell the new and existing products for the efficiency.
Enterprise Resource Planning (ERP)
For the effective ERP, a company can be treated in an effective way, he steps are taken by NV Lifecare so that the employees could be trained and the able to deal with the customers, the steps are taken to empower the human resources so that they could able to compete with the relevant knowledge and competitive.
Supply Chain Management (SCM)
For the supply chain management or SCM, the company can focus on the facts NV Lifecare need to do research of the professionals, that if there are demands for the technical skills in the industry and the market. The leveraging IT can focus can seek the new innovative ways for supply china and the technical skills so that the country could lead towards the successful IT career (N.Luftman, 2012).
For the recommendation, NV Lifecare could take effective steps in the market. Findings are researched in the aspect could relate that Medicare companies could suffer in the market if they do not enhance the IT technologies in the market or they are not able to compete with the modern world. However, the researchers have found out that due to the technological innovation, effective dealing there were the reductions in hospital readmissions because the hospital tends focused on the discharge planners, there was the caregiver, and efforts are done for the follow-up care. Moreover, effective technological focus helps to reduce the readmission and in this way, improve the quality of patient care. The government makes the legislations for the high preventable readmissions rates; therefore, there was the improvement in the quality of reform strategies (Stone & Hoffman, 2010). Thus, in a way NV Lifecare stay focused on the technological innovation and by continuously focused on the changes and customer or patients care can bring the changes (Bodenheimer & Pham, 2011).
Regarding the IT segment another recent report on geographic variation which focus on the Medicare, as it is analyzed in the report that there are post-acute care and readmissions in the hospitals as the reports are about heart failure, myocardial infarction, and the hip fracture grew, there are increase in the 5 to 2.0% annually between 1994 and 2009. However, the suggestions are also given regarding improve the quality of the management of post-acute care through staying focused on the IT segment there can be the shared-savings program and the health systems effectiveness (Kocher & Adashi, 2011). The NV Lifecare in this way can stay strong regarding financial incentives and can provide the online services 24/7 and on-site skilled, there is need to manage nursing staff for the values of patients. The positive result is shown by implementing the IT solution in the companies (Agha, 2014).
There are challenges for NV Lifecare in the market as the technology-driven innovators may make the company face issues in the industry so that there could be an anticipation of the future requirements and company could design and maintain its functions regarding innovative IT more effectively. NV Lifecare can face threats in the market as there could be issues regarding social security of the customers. Thus, the country economic condition can create issues as in India; poverty rate is high so NV Lifecare may have to suffer if there are maximum competitors in the market. NV Lifecare focuses on the alternatives, as IT professionals can do the research in the marketplace.
- Agha, L. (2014). The Effects of Health Information Technology on the Costs and Quality of Medical Care. J Health Econ, 19–30.
- Bodenheimer, T., & Pham, H. H. (2011). Primary Care: Current Problems And Proposed Solutions. Health Affairs, 800-805.
- Kocher, R. P., & Adashi, E. Y. (2011). Hospital Readmissions and the Affordable Care Act. American Medical Association, 306 (16), 1794-1795.
- N.Luftman, J. (2012). Managing Information Technology Resources.
- Stone, J., & Hoffman, G. J. (2010). Medicare Hospital Readmissions: Issues, Policy Options, and PPACA. Congressional Research Service, 1-37.