With our HCA-470: Strategic Planning and Implementation in Health Care assignment help, learners are guided through business functions that drive strategic planning. In addition, models for developing, implementing, and evaluating effective programs across varied health care settings are explored along with the principles of a merger, acquisition, reorganization, and joint venture. Students apply tools utilized in strategic management of health care programs such as balanced scorecards, LEAN, and Six Sigma.
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What is strategic planning in health care?
Strategic planning in healthcare organizations involves creating objectives and setting goals for where the organization sees itself in the long-term.
Therefore, if all the members of the healthcare organization have these goals in mind, it is easy to create a plan to achieve them. Most importantly, when setting goals and objectives you have to consider the economic trends, government policies, and technological advancements.
Strategic planning in health care is very essential for healthcare organizations to succeed. Therefore, it is crucial to understand how the organization works in order to create a strategic plan that is sure to succeed. In addition to understanding how your organization works, considering the hierarchy of your organization may also help to increase the probability of your healthcare organization achieving its goals and objectives.
Types of healthcare strategy.
These are the various healthcare strategies:
- Prospective or emergent.
- Organizational level. (includes corporate-, business-, and functional-level strategies.)
Prospective strategy refers to strategies created by health care organizations to anticipate potential needs for additional resources in preparation for future issues that may affect their facilities and health care.
The emergent strategy involves an analysis of past events in order to make better decisions. Healthcare organizations using emergent strategies must be flexible to be able to re-evaluate internal strategies and quickly re-calibrate to suit the current trends.
Steps for strategic planning in health care.
1. Develop and review the vision and mission.
Due to the changing environment and business constraints, organizations need to review and update their goals, objectives, vision, and mission on a continuous basis.
2. Business and operational analysis.
One of the essential objectives of strategic planning is identifying internal strengths, weaknesses, and external threats and opportunities. Thus, business and operational analysis are very important in strategic planning.
3. Develop and select strategic options.
You should develop all possible strategies from all inputs provided. Then, narrow down the list to strategies that are within the guiding principles of your healthcare organization.
4. Establish strategic objectives.
During this step, test all the strategies. You can narrow your strategies by applying various models like financial to each strategy to determine the effect it will have on the organization.
5. Strategy execution plan.
After you have narrowed down your list by establishing strategic objectives, develop a plan to implement the chosen strategic options. When creating a strategy execution plan, it is important to include not only executives but also all other staff members. The involvement of all members of the organization provides motivation for everyone to work to achieve the organization’s goals and objectives.
6. Establish an appropriate budget and resource allocation.
It is important to receive leadership commitment on budget and resources before the execution of the strategic plan. This avoids problems with budget and resource allocation.
7. Execution review.
Constant review of the progress of your strategic plans is very crucial since it helps to ensure that you are on the right track. Moreover, it can assist to fix unexpected issues.
What is implementation?
Implementation is the carrying out, execution, or practice of a plan, a method, or any design, idea, model, specification, standard, or policy for doing something. Implementation is the action that must follow any initial thinking in order for something to actually happen. Therefore, implementation is the process that turns strategies and plans into actions in order to accomplish strategic objectives and goals.
In healthcare, the implementation of strategic plans is what ensures that the goals and objectives created will be achieved.
Importance of strategic planning in health care.
- Improved communication among all chains.
- Developing and sharing a vision.
- Transformational leadership and authority.
- Increased employee motivation and engagement.
- Increased team cooperation and collaboration.