HCM-415 Week 4 Module Four 4-2 Short Paper- Alternative Strategic Plan

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Feb 20, 2024

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4-2 Short Paper HCM-415 Healthcare Strat Mgmt & Policy Yavonda Jones Southern New Hampshire University Professor Christopher Miller February 4, 2024

4-2 Short Paper 4-2 Short Paper: Alternative Strategic Plan A. Explain the need for developing strategic alternatives and why strategic alternatives are important for a successful organization. Use scholarly and peer-reviewed sources to support your explanation. Developing alternative strategic plans is important in order to meet the policy changes in the healthcare environment because it allows organizations to thrive in a rapidly evolving industry. By having multiple strategies in place, healthcare organizations can mitigate risks and capitalize on opportunities. Strategic alternatives are imperative for organizational success because they allow innovation, flexibility, and longevity in the face of changing policies and market conditions. B. Examine industry policy changes and the need to develop a flexible strategic plan , specifically, how the source of the policy (such as federally mandated changes, industry best practices, or state requirements) impacts the need to develop a flexible strategic plan. Use appropriate sources to support your claims. Policy changes in the healthcare environment can be driven by various sources, including industry best practices, state requirements, or federal mandates. These changes highlight the importance of developing a comprehensive strategic plan that can be translated into various forms of policy. By being able to navigate and respond to these varied policy challenges, healthcare organizations can effectively address regulatory requirements, optimize operations, and convey high-quality patient care.

4-2 Short Paper C. Make strategic alternative recommendations for the healthcare organization in your case study. Be sure these recommendations address the specific policy issue changes faced by the healthcare organization. Considering the specific policy issue changes faced by Huntington Hospital, it is recommended that they consider the following strategic alternatives: 1. Team up with local healthcare organizations and community partners to set up a network that shares resources, knowledge, and best practices, permitting for a more harmonious and efficient response to policy changes. 2. acquire technology and data analytics capabilities to boost decision-making and upgrade functions in alignment with the evolving policy view. 3. To make certain that staff members are equipped with the necessary skills and knowledge to navigate and comply with policy changes a comprehensive training and development program needs to be developed.

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4-2 Short Paper References Study.com https://study.com/ Peter M. Ginter, W. Jack Duncan, Linda E. Swayne, February 2018. The Strategic Management of Health Care Organizations, 8th Edition https://bcs.wiley.com/ BMC Public Health. https://bmcpublichealth.biomedcentral.com/

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