MAT 543 Week 10 Discussion Strategic Planning

MAT 543 Week 10 Discussion Strategic Planning

Assess the main steps involved in developing an effective strategic plan. Discuss how the steps may differ for a health care organization compared to another industry.

Successful strategic planning express not only where a business is headed and the activities required to move forward, but also how they will know whether it is effective. What Are the Steps in Strategic Planning? Numerous structure cycle throughout several variation on a few simple basic steps: 1) assessment or review, where an comprehension of the present internal and external settings is created, 2) strategy formulation, where high level plan is created and a key organization level decisive plan is recorded 3) strategy execution, where the high-profile plan is interpreted into a further operational planning and activity components, and 4) evaluation or continuance, and or management step, where progress improvement and assessment of performance, society, communications, data reporting, and more strategic management problems occurrences. These steps differ if we are talking about retail store reason being the store’s objective is to make money and accomplish this they can eliminate or increase their employees as well as their merchandise. It’s not as complexity as with a health care industry.

Lewis, J.B., McGrath, R.J., & Seidel, L.F. (2011). Essentials of Applied Quantitative Methods for Health Services Managers. Boston, MA: Jones and Bartlett Publishers.

balancedscorecard.org/Resources/Strategic-Planning-Basics

Evaluate the key factors involved in SHEEPED (socioeconomic factors, health care resources and utilization, epidemiological factors, economic factors, political factors, environmental factors, and demographic factors) and their important role in strategic planning. Discuss why it is important for one to consider and include each factor (i.e. SHEEPED).

S=Socioeconomic aspects deal with home (i.e. family) compensation, race, gender, education, marital status, and availability of medical insurance coverage. This is crucial because it lets them know which services are better for the community.

H=Health care sources and utilization support planners with understanding of what is currently available in the region and whether, or not the supplies are utilize.

E= Epidemiological issues deal with birth rates, occurrences and percentages of diseases and ethics rates. This is crucial to know reason being there is necessity granted based on growth incidence of illness in a precise population.

E=Economic aspects involve unemployment percentage which influence whether a person can afford and maintain medial insurance. Without employment to pay the insurance premium the utilization of the services provided will reduce.

P= Political aspects are vital because if the government has guideline in place to let individual’s health coverage who could not do so prior to advances the requirement of the services. The ACA permitted those who weren’t covered because of preexistence issues to have access to healthcare coverage at an affordable rate. Currently individuals can get their medicine along with treatment they couldn’t get prior due to the expense.

E= Environmental factors portray a part because it might need specific health care. An individual’s surroundings can make them motivate to have specified health problems over those who don’t resident in that setting. Such as, people who worked in a plant where asbestos was is more expose to have cancer than an educator whose occupation was in a new school with no health exposures.

D=Demographic dynamics are society size and age. It’s vital to know the age of the population due to various services are also likely to be controlling in an older age group versa a younger age group. For instances, we would not put services like birthing centers in a community with an older group people 50 and over because at that age most aren’t trying to get pregnant or have any more children.

These aspects require examination in terms of past socioeconomic status of the society, as well as projects of such data in the future. For instances, modification in the ethnic structure of the U.S. population are probability to have an influence on the delivery of healthcare services in the future, within emerging inner-city regions.

Lewis, J.B., McGrath, R.J., & Seidel, L.F. (2011). Essentials of Applied Quantitative Methods for Health Services Managers. Boston, MA: Jones and Bartlett Publishers.

http://www.healthitlawblog.com/