Preview

Strategic Planning

Best Essays
Open Document
Open Document
3295 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Strategic Planning
STRATEGIC PLANNING

Importance of Strategic Planning 2

Roles and Responsibilities 3 Governing Board Strategic Planning Committee Chief Executive Officer Medical Staff Department Heads Patients and Community Planner Consultants The Steps of Strategic Planning 5 Get Organized Perform an Environmental Assessment The Internal Assessment The External Assessment Develop a Vision Review the Mission Statement Develop Strategies Goal Approach Critical Issues Approach Scenario Approach Prepare the Strategic Plan Approve the Plan Implement the Plan Monitor and Evaluate the Plan

Resources 11

Summary 11

References 12 The Governing Board of a hospital/health system is responsible for that hospital’s planning process. A strategic planning process must be established to position the hospital/health system in a rapidly changing environment.

Strategic planning is the process of determining what an organization wants to be in the future and how it will get there. Hospitals that develop and implement strategic plans tend to be more successful than those that don’t.

Strategic planning is different from short-term or operational planning.
Operational planning usually focuses on an annual cycle and requires the development of yearly objectives and plans. This becomes part of the annual budgeting process. Operational plans lay out how the hospital will move toward its future during that year. The future is described in the hospital’s strategic plan.

Strategic planning requires that choices be made about your hospital’s future. These choices concern your vision and mission, the goals to be pursued, what services will be offered and to whom, the resources that will be needed (people, facilities, technology, money and knowledge) and how they will be acquired.

IMPORTANCE OF STRATEGIC PLANNING
A hospital/health system should plan for its future to:

 Improve the hospital’s performance
 Determine

You May Also Find These Documents Helpful

  • Better Essays

    A strategic planning report is to explain how the use of the tool will benefit an organization in the health care industry. Discussed in the report address what the strategic planning development and implementation process is and to address why it helps organizations be successful.…

    • 1550 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Medical Office Management

    • 496 Words
    • 2 Pages

    Strategic Planning: Prepare ROIs (Return on Investment) and pro formas for new physicians, new services, and new locations. Forecast potential effect of Medicare cuts, contracts in negotiation or over-dependence on one payer. Discuss 5-year plans for capital expenditures such as EMR, ancillary services, physician recruitment, and replacement equipment. Explore outsourcing office functions or having staff telecommute. Always look for technology that can make the practice more efficient or productive.…

    • 496 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Phi 410 Study Guide

    • 4150 Words
    • 17 Pages

    The strategic planning process is said to be an “orchestra like” activity, meaning many players are involved. Therefore in the context of a organization/hospital, the following players are involved:…

    • 4150 Words
    • 17 Pages
    Powerful Essays
  • Better Essays

    Consequently, the community hospital needs assessment and formulation of new strategic management to keep up with the health care expansion strategies, including directional,…

    • 961 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Strategic Planning is an essential first step in the development of a result-base accountability system,” (Schilder, 2013, p. 1). In strategic planning an organization must know their goals, missions, and how to reach them. Health care facilities are in huge demand for the elderly and for people who lives in low-income communities. A person who receives good quality health care services can prevent the spread of contagious diseases. This paper will describe the need of the community, population it is serving, and a brief description of the facility.…

    • 856 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Hca 340 Final Paper

    • 351 Words
    • 2 Pages

    This website breaks down the meaning and step of strategic planning. Allows you to get a better…

    • 351 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Strategic planning is one of the key building blocks for ensuring that an organization is successful. An organization must know what the goals of the organization are and what processes are essential for success. A successful strategic planning process encompasses and engages performance improvement and outlines the uses of information systems within the organization. Strategic planning is management tools that can assist a healthcare organization reach its goals by using the most efficient resources and energy to achieve quality care. A strategic plan gives an organization shape and defines what an organization is by answering, what it does, why it does it, and what the desired future for the organization is (NAMAC, 2009). Five processes exist in strategic planning, mission and objectives, environmental scan, strategy formulation, strategy implementation, and evaluation and control, when used properly these processes will help establish the framework to be successful (QuickMBA, 2014).…

    • 1575 Words
    • 6 Pages
    Better Essays
  • Best Essays

    Strategic planning and capital planning are both essential to the future success of any institution. Although both strategic and capital planning are two separate processes, they can yield detrimental results. Strategic goals that are not financially tested are most likely to fail. On the other hand, when capital expenses are made without a strategic plan, an organization may not have the capital needed to pursue revenue-generating opportunities. To set financially sound strategic objectives, healthcare organizations must marry the strategic and capital planning processes.…

    • 1330 Words
    • 6 Pages
    Best Essays
  • Best Essays

    health strategic planning

    • 1462 Words
    • 5 Pages

    The Nursing home in which I have been hired as a consultant to walk the staff through the strategic planning process, and been in business for about five years and have yet to create a strategic plan. The nursing home has patients and their families complaining about the need to have more advance medical services in their faculty. Also the faculty has just learned that a new nursing home is about to open that will cause great competition, because this nursing home is being funded by very large healthcare organization. The plan that the nursing home want to put in place is one that can keep their competitor on their toes and make their current patient happier, and even bring in more patient into their nursing facility.…

    • 1462 Words
    • 5 Pages
    Best Essays
  • Satisfactory Essays

    In almost every business, managers and senior administrators find themselves planning for all kind of things so much so that a long-term road map for a health care organization is critically important when considering today's health care system since it is not just complex but also is continually changing. In doing so, the administrators assure that they are working together towards the organization's goals and objectives, as well to coordinate the resources of the organization. There are three important kinds of plans that an administrator uses to meet the organization's goals and objectives which are following: strategic, tactical and operational planning.…

    • 657 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Spath, P. L., & Abraham, S. C. (2013). Strategic management in healthcare organizations. Ashford University: San Diego, CA. Retrieved from https://content.ashford.edu/books/AUHCA421.14.1/sections/sec4.1…

    • 1291 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    week 4 homework

    • 1040 Words
    • 4 Pages

    When planning long term, nurses should be considered for active roles in strategic development and management, design and facility layout, and resource planning. Their experience and knowledge is integral in the delivery of excellence, effective communication, patient safety, and overall hospital management…

    • 1040 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Discussion 1

    • 342 Words
    • 1 Page

    Spath, P. L., & Abraham, S. C. (2013). Strategic management in healthcare organizations. Ashford University: San…

    • 342 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Medical

    • 4232 Words
    • 17 Pages

    Swayne, L. E., Duncan, J., & Ginter, P. M. (2009). Strategic management of healthcare organizations (6th ed.). San Francisco: Jossey-Bass.…

    • 4232 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    In the world of healthcare medical technology and various forms of payments for that, technology changes quickly, so that the management of the medical facilities and insurance companies has to come up with a plan that will allow the company to survive. Therefore, strategic thinking must be done first, and then strategic planning occurs in order for strategic management to be placed throughout the company. Strategic planning is done periodically to ensure that the company is accomplishing its directional strategies, such as meeting the mission and vision statements (Ginter, Duncan, & Swayne, 2013, p. 14). Strategic management involves the supervision of the implementation of the directional strategies created from the strategic planning and…

    • 739 Words
    • 3 Pages
    Good Essays