Strategic Planning Processes And Hospital Financial Performance

Topics:
Strategic Planning and Analysis,
Strategic Planning Process
Tags:
Entrepreneur.com Inc.,
Entrepreneurship,
Financial,
Hospital,
Management,
Management Practice,
Strategic Planning,
Strategic Planning Process,
Strategy
Source:
Entrepreneur.com

Vendor Registration: required

Overview: Many common management practices in healthcare organizations, including the practice of strategic planning, have not been subject to widespread assessment through empirical research. If management practice is to be evidence-based, evaluations of such common practices need to be undertaken. Three dimensions of the strategic planning process - having a strategic plan, assigning the Chief Executive Officer (CEO) responsibility for the plan, and involving the board - are positively associated with earlier financial performance. Further longitudinal studies are needed to evaluate the cause-and-effect relationship between planning and performance.

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Format: HTML | Date: May 2008

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