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Conclusion for strategic planning in health care
Controlling health care benefits costs
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Introduction
Countless health, as well as, business professionals have stated that strategic planning is an essential tool for a successful business to thrive. The health care landscape has taken quite a turn since the 1970s, yet expected the changes had caused dynamic chaos amongst health care professionals, organizations, and patients. The introduction of new health care delivery services impart to the advances in technology has led organizations volte-face their strategic plans or in cooperate one to stay relevant in a time when health care options are plentiful. The consolidation of health care systems, patient reform systems, the quality of health care, and the countless other medical issues that are emerging or reemerging are major challenges
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A strategic plan benefits the organization in the present and future and addresses concerns and strengths that could potentially lead to the organization success or failure. The plan outlines some of the pressing issues of an organization from resource allocation, workforce stability, quality initiatives, and health care competition (Zuckerman, 2014). Health care is a field that faces hardships regularly, and with the implementation of a strategic plan, health care administrators can set a clear path to success that includes strategies to combat hard times and place the organization back on track with other agencies. Strategic planning is not a one size fits all plan, a plan should address organizational challenges and concerns and well as look at the strengths and goals of the organization presently and in the future. The maximum benefits of a strategic plan will be attained when the plan is updating regularly and reformed when necessary and making it an integrating part of the organization weekly, monthly, and yearly process (Zuckerman, 2014). Ultimately the strategic plan will eliminate or predict threats to the organization that heightens concerns or general mishaps that can put the organization at …show more content…
As stated before the health care landscape is changing and undoubtedly change sometimes results in increases costs which often placed on the patient. Strategic planning is a technique noted to help with the control of health care cost in recent years’ health care cost increased tremendously, and that cost has been pushed off onto the patients or the health care organization. A strategic plan fully throughout, and outlines the organizational goals will allocate financial resources to areas that need it. There are six proven benefits of strategic planning
In implementing a strategic plan for Coastal Medical Center, our consulting team has conducted many analyses and formed numerous strategies in order for Coastal Medical Center to be successful. Such assessments include an internal analysis, external analysis, gap analysis, and SWOT analysis. In conducting these analyses, our consulting team was able to better understand the internal environment, external environment, where the organization currently stands in terms of performance, and the major strengths, weaknesses, opportunities and threats that oppose the Coastal Medical Center. From our inquiry, we will be able to establish a strategic plan that best fits the organization’s needs.
By having a strategic plan, by setting objectives with goals and having a sense of direction of where they would like to go is a key factor to their success with the “operation excellence” strategy. A capital management plan consists of capital budgeting, with executives making decisions about whether to pursue long-term investments in their healthcare organization. It is vital that executives plan, analyze, select, as well as manage capital investments. Usually, long-term capital funds are raised over a period of time to invest in capital projects. Capital planning entails long-term strategic goals of how to be successful at achieving prospective investments.
A strategic planning process is developed from a SWOT analysis (Harrison, 2010). When a nurse begins to plan strategically, this entails organization, adjustment and management to strengthen operations within the healthcare organization (Nelson-Brantley & Ford, 2017). Due to an ever-changing environment within a health
Current health care systems exist in complex atmospheres that regularly change to meet the demands of health care personnel and consumers. Health care systems deal with many different cultures, values, and interests making it increasingly more difficult for management to provide their employees with a clear vision of the future (Lega, Longo, & Rotolo, 2013). Begun, Hamilton, and Kaissi (2005) explain health care centers utilize strategic planning to better understand their environments and ensure the organization’s structure, culture, and important decision-making are compatible within their current surroundings. Ginter, Duncan, and Swayne (2013) describe strategic planning as “the periodic process of developing a set of steps for an organization to accomplish its’ mission and vision using strategic thinking” (p.14). The goal of strategic health care planning is to improve performance throughout the organization (Begun et al, 2005). This paper discusses the strategic plan for Brooklyn Hospital Center including its long and short- term goals, its strategic thinking and key stakeholders, and the various strategies identified within the plan.
The current health care system can be difficult to navigate and often medical centers need management tools to help them develop strategic plans within their organizations. The SWOT-Analysis is one strategic tool that health care centers can use to formulate a roadmap for their organizations. The SWOT-Analysis examines internal capabilities (strengths and weaknesses) and external developments (opportunities and threats) when determining a strategic plan for an organization (Van Wijngaarden, Scholten, & Van Wijk, 2012). Van Wijngaarden et al. (2012) explains for SWOT-Analysis to prove meaningful throughout an organization, it is important for stakeholders to be part of the brainstorming to identify its’ internal capabilities and external developments. However, there are a few drawbacks to the using the SWOT-analysis tool that are important for health care centers to remain cognizant of when developing their strategic blueprints. Helms and Nixon (2010) state the SWOT-Analysis can be vague and too simplistic when developing a strategic course for an organization; it can be difficult to classify variables into the four SWOT quadrants; and no definite strategic path is identified after the SWOT-analysis is completed. For these reasons, they explain it can be helpful to use additional analysis tools in addition to the SWOT-analysis. One such tool the U.S. Army Medical System uses is the balanced-score card. The balanced-score card can assist health care centers in the clarification of their strategic objectives and goals, and facilitates communication throughout the organization (Chan, 2006). Chan (2006) also reveals balanced-score cards allow for constructive employee feedback l...
Based on Robert Hino’s interview, strategic plan is really important for hospitals because the strategic plan is a “living, breathing and critical part of how we do business." (Hino, 2013) All strategic plans must include following items:
Another reason strategic monitoring is important is because “there are more laws and regulations that apply to health care and biotechnology, with new ones being issued at an accelerating pace” (Moseley, 2009, p. 255). With the laws and regulations changing so often in health care it is important to monitor the changes so that organizations can implement them in their strategic plan as they occur. According to Al-Abri (2007), health care organizations can have a sustainable competitive advantage today if they maintain the ability to change, adapt, and evolve to the changes occurring in the health care industry. It is important for health care organizations to strategically monitor their strategic planning process because of the fast pace changes going on in the industry.
According to the Food and Agriculture Organization of the United Nations (2014), “Planning is the process of setting goals, creating organizational strategies and/or outlining tasks and innovative ways to accomplish the goals you have set in order to be a successful organization.” In the world of management or healthcare management planning is a vital importance in that it helps to focus, prepare and clarify the daily projects and assignments that may help an organization become a successful entity. Planning can also be very important in many other ways such as, saving time...
The strategic plan described by NINR in promoting health outcomes and health services is well defined. The time frame is included to achieve the advancing approach to health care. The incorporation of multidisciplinary to promote scientific exploration is essential to the Strategic Plan. The National Institute of Nursing Research (NINR)
A strategic plan is a tool that delivers guidance in achieving a mission or goal with maximum proficiency and control for an organization. Strategic planning is used to transform and revitalize organizations. The plan helps provide an inclusive understanding of opportunities and challenges both internally and externally for the organization. The plan delivers an assessment of the strengths and limitations that are realistic within the company. A well-developed strategic plan will offer a comprehensive approach and empowerment for the stakeholders involved. It is an opportunity for learning and understanding priorities that will drive the business to succeed. Jones (2010), describes how in health care organizations, strategic plans characteristically concentrate on operational and organizational goals such as when to obtain new technology, how to meet competitive challenges, and what staffing, tools, or facilities are needed to ensure organizational survival. The mission and value statements are significant in determining the quality of a strategic initiative. Forcing the organization to look toward the future creates proactive objectives in which both short-term and long-terms plans and goals are necessary in order to succeed.
As healthcare facilities strive for greater efficiency, a critical first step is a comprehensive review of operations as they currently exist; an organizational assessment can help find any deficiencies or gaps and guide you to proper improvements that are needed for greater success. An organizational assessment is systematic and collects and evaluates data about many areas of an organization’s internal capacity, from finances, supply chain, personnel and quality, to marketing and market share. In the end, you will cut costs while improving your quality of care and outcomes. Appraising and evaluating Strategic planning and improvement can be simplified into just a few key steps that reassess the current state of operations and reinforce
Personal Strategic Plan Michelle C. Muniz Department of Nursing, University of Maine Fort Kent NUR 407: 2001 – Leadership and Management in Health Care Tanya Sleeper, PhD, JD, MSN, MSB, GNP-BC, CHC March 3, 2024 Personal Strategic Plan In my professional role as a registered nurse, I both value and endeavor to uphold respect, integrity, trust, accountability, communication, collaboration, and personal growth. I strive to incorporate the above values and principles into my professional practice to ensure safe and equitable patient care while also maintaining my physical, emotional, and mental wellbeing. I staunchly believe that one cannot successfully fill the cups of others if their own cup remains empty, and I aspire to pave an esteemed career
Strategic Planning Strategic planning is when a groups of decision makers for the organization sit down together and develop an agreed upon, step by step plan, which will allow the achievement of the organization’s mission and vision. This requires the group to utilize their critical thinking skills to develop SMART goals. These SMART goals can be used as benchmarks to ensure the plan they have created are meeting the group desired outcomes. This planning requires both an analytic and emergent approach. Analytical Approach Analytic approach is when management uses their knowledge of the capacity of their organization and effects of outside forces to develop a plan which follows a sensible progression of stages towards completion
With regard to the healthcare organization, it is essential to develop strategic plan and a clear vision so that the patient focused care will be at par with the organization process that is conducted on operational and on a daily basis.
Strategic planning has a focus on stabilizing the current environment, and it also support the organization's business plans and goals. Strategic planning helps to implement new projects, new technology, consolidation of data centers, data warehouses, exponential data growth, cost of ownership, and resources available in an organization to assess the future requirements. Strategic planning analyzes the business plan, potential blockage or other issues in the current architecture, processes and their implementation in new initiatives, and processes. Strategic planning helps to formulate the ideas about the key factors that are affecting the present and future development of the organization and the opportunities offered by the environment and the competence of the organization.