HEALTH SERVICES FINANCE: STRATEGIC PLANNING
October 23, 2019 Off All,
Our discussion this week will allow you to see the connection between the strategic planning process and the role of the health care financial manager. Before you participate in this week’s discussion, you will need to read “Explanation of Research Required for this Week’s Discussion Board” posted in this week’s course module. When you have completed your research, please prepare your original post using the following structured format: Name of Selected Organization: Location of Selected Organization: Brief Description of Selected Organization: Mission: Vision: Values: Brief Description of Selected Strategic Initiative:(Remember, a strategic initiative is a particular project that achieves a strategic goal.) Your insight about and explanation of how the organization’s Mission, Vision, and Values are supported by the initiative that you selected. Your insight about and explanation of the role of the financial manager in the initiative that you have selected. Be sure to identify things that you feel the financial manager might have considered or would need to consider in the future. Remember, you must research a health care organization. EXPLANATION OF RESEARCH!!! This week you are responsible for conducting in-depth research related to strategic planning in health care organizations. The research that you complete will be used to meet the requirements of your discussion board participation. Here are the guidelines for your research: Select a health care organization that is not discussed in Chapter 24 or in the Required Resources material. Identify the organization’s six major components of strategic planning You should be able to easily identify the organization’s Mission, Vision, Values, and Goals using readily available web-based resources. If you are unable to identify all of these four components, you will need to select a new organization. You may not be able to easily identify the organization’s Objectives and Action Plans as easily. This is because this information is often not publicly available or strictly confidential. You may need to infer these two components, based on the next step in your research process. Identify a current or recent strategic initiative for your selected organization. Remember, a strategic initiative is a particular project that achieves a strategic goal. Research this initiative until you are clear about the description of the initiative, the time-frame of the initiative, the purpose of the initiative, the rationale for the initiative, and the anticipated/achieved outcomes. As you conduct your research, think about the who-what-where-when-why of the initiative so that you are sure that you have gathered all of the necessary information. When you have completed your research, it will be time to present your findings in the discussion board. The requirements of our original discussion board post can be found in the discussion board prompt.