Posted: April 4th, 2023

Healthcare Strategy Development

Healthcare Strategy

Introduction: The process for healthcare strategy development follows a logical sequence of steps. Decisions made at each step will have implications and consequences at successive steps in the process, so forward thinking is very important.

You are the vice-president in charge of your hospital’s strategic planning process this year. You are addressing your key stakeholders and planning participants at the first strategic planning meeting.

Your assignment is to create a minimum 10-slide PowerPoint presentation describing and explaining the six-step process for strategy development in your hospital’s healthcare strategic management action plan. Additionally, explain strategic alternatives available to healthcare organizations today.

Your presentation should adhere to the following format:

Slide 1: Create title slide that includes your name, the course number and date
Slide 2: Write a brief introduction (no more than 2 paragraphs)
Slide 3: Review broader strategic directions
Slide 4: Set strategic planning objectives
Slides 5 and 6: Identify actions for strategic planning objectives
Slide 7: Set timelines
Slide 8: Assign responsibilities
Slide 9: Determine resources needed
Slide 10: Determine how results will be measured
Slide 11: List references: Ensure you list all supporting sources for your content, which must follow correct APA style for citations and references.
As part of the presentation, you are required to use the notes section for each content slide to reinforce your presentation. You should use at least three reliable academic sources to support your presentation. One should be from the CSU Online Library, and you can use your textbook as well on your reference slide (your reference slide does not count toward the minimum slide requirement). Images and graphics, along with supporting references and in-text citations, must follow APA formatting guidelines. All sources used must be referenced; paraphrased and quoted material must have accompanying citations.

Slide 1: Healthcare Strategy Development

Course: HCM5100 Healthcare Management
Date: April 4, 2023

Slide 2: Introduction

Hello and welcome, everyone. As the vice-president in charge of strategic planning at our hospital, I would like to discuss the six-step process for strategy development in healthcare management. The process we will follow will help us to plan for the future of our organization in a methodical and logical manner.

Slide 3: Review Broader Strategic Directions

The first step in the process is to review the broader strategic directions of our hospital. We must assess our mission, vision, and values to ensure that they align with the overall objectives of our organization. This step will help us to identify any gaps between our current status and where we want to be in the future.

Slide 4: Set Strategic Planning Objectives

Once we have reviewed our broader strategic directions, the next step is to set our strategic planning objectives. This will involve identifying our goals, objectives, and targets for the next few years. We must ensure that our objectives are specific, measurable, achievable, relevant, and time-bound (SMART).

Slides 5 and 6: Identify Actions for Strategic Planning Objectives

After setting our strategic planning objectives, we need to identify the actions that we will take to achieve them. We will need to develop an action plan that outlines the steps we will take, who will be responsible for each step, and the timeline for completion. The plan should also include any necessary resources and support required.

Slide 7: Set Timelines

Setting timelines is crucial to ensure that we are accountable for our actions and meet our objectives within the specified timeframe. We must set realistic timelines that take into account any potential obstacles that may arise. We should also regularly review our progress and make adjustments as needed.

Slide 8: Assign Responsibilities

Assigning responsibilities is critical to the success of our strategic planning process. We must clearly define the roles and responsibilities of each team member, ensure that everyone understands their tasks, and monitor progress regularly. This will help us to identify any areas where additional support or resources are required.

Slide 9: Determine Resources Needed

We must determine the resources needed to achieve our strategic planning objectives. This will involve assessing the financial, human, and material resources required for each action. We should also consider any potential risks or barriers to success and plan accordingly.

Slide 10: Determine How Results Will Be Measured

Finally, we need to determine how we will measure our results. This will involve developing key performance indicators (KPIs) that will allow us to monitor progress and assess the effectiveness of our strategies. We should also regularly review our KPIs and make adjustments as needed.

Slide 11: References

Buchbinder, S. B., & Shanks, N. H. (2017). Introduction to health care management. Jones & Bartlett Learning.
Cleverley, W. O., Cleverley, J. O., & Song, P. H. (2017). Essentials of healthcare finance. Jones & Bartlett Learning.
Lee, J. H., Kim, J. W., Lee, J. W., Kim, Y. J., & Bae, W. K. (2020). Developing a strategic plan for hospital service excellence. Healthcare Informatics Research, 26(1), 48-54.

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