SWOT Analysis Retreat Preparation. You will be using your mission and vision established in Week 2

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Incorporate analysis based on your review of the data provided in the Stevens District Hospital Strategic-Planning Scenario and your Wk 3 - Summative Assessment: SWOT Analysis Retreat Preparation. You will be using your mission and vision established in Week 2  

Instructions

Part 1: Establishing SMART Goals

How can I Identify 4 unique strategic goals that support Stevens District Hospital’s mission and vision for each of the following areas: financial or economics, technology, legal or regulatory, and risk or quality improvement?  

Writing a maximum 175-word response for each goal row.

Including the following in the provided spaces for each category:  

  • Goal:  
    • For each category, identify a clear, actionable, and measurable goal for the hospital that clearly supports the organization’s mission statement and vision statement.   
    • Think SMART Goal: Specific, Measurable, Attainable, Relevant, Time-based 
  • Mission and Vision Alignment:  
    • Analyze how each goal supports the hospital’s mission statement and vision statement.  
  • Tracking and Measurement:  
    • Explain how you would measure progress toward each goal.  
    • Discuss milestones necessary for progress; how are you going to track your progress? 
    • Discuss the criteria you would use to measure that the goal was completed.  
  • Resources for Goals 
    • What resources, materials, funding, or services might you need to achieve your stated goal? 
    • What would you ask your leadership for to pursue your goal in the timeline set? 

Part 2: Evaluation of Financial or Economic Issues

Identify some financial or economic issues in health care that you’ve seen or heard about. 

Evaluate how your completed SWOT analysis and established strategic goals may improve those issues for the organization.

Cite sources to support your goals according to APA guidelines.  

Example

Reviewing the following completed goal example:   

Goal

Mission and Vision Alignment

Tracking and Measurement

Resources for Goal

Increase the number of cardiac catheterization labs from two to three labs within 12 months.

The goal supports the hospital’s mission and vision because it increases outpatient testing volume and revenue and provides the capacity to be able to recruit an additional cardiologist. This can improve the health of the community by treating heart disease sooner. 

Milestones to attain the goal include identifying a vendor within the first 90 days, establishing technology needed by the 6-month mark, and staffing and training employees by the end of month 12.

The number of catheterization labs would be measured at the end of the year to ensure Stevens District Hospital is making progress toward the goal. We would also calculate the volume of catheterizations completed by the end of year. 

To achieve the creation of a new catheterization lab, Stevens District Hospital will need catheterization lab equipment, additional staff, and a communication plan to advise local providers of the new catheterization lab.

  

Part 1: Establishing SMART Goals

How can I Complete this table in a maximum of 175 words for each row?

Goal Type

SMART Goal

Mission and Vision Alignment

Tracking and Measurement

Resources for Goal

Financial or Economic Goal 

 

 

 

 

Technology Goal 

 

 

 

 

Legal or Regulatory Goal 

 

 

 

 

Risk- or Quality-Improvement Goal 

 

 

 

 

 

Part 2: Evaluation of Financial or Economic Issues on Health Care

Writing a 350-word evaluation on some financial or economic issues you have seen or read about in health care. How will the SWOT analysis and established goals assist an organization in improving the issues you identified?

 

 

Wk 4 Summative Assessment: Financial Management Goal Setting
Proficient
74-89%
C to B+
Criteria
Financial or
Economic Goal
Weight: 20%
Technology Goal
Weight: 20%
Legal or Regulatory
Goal
Weight: 20%
Exemplary
90-100%
A-to A
Clearly detailed a SMART
goal in the financial or
economic category, its
alignment to the chosen
mission and vision, how it
will be tracked and
measured, and any
resources needed to
achieve the goal
Clearly detailed a SMART
goal in the technology
category, its alignment to
the chosen mission and
vision, how it will be
tracked and measured,
and any resources needed
to achieve the goal
Clearly detailed a SMART
goal in the legal or
regulatory category, its
alignment to the chosen
mission and vision, how it
will be tracked and
measured, and any
resources needed to
achieve the goal
Adequately detailed a
SMART goal in the
financial or economic
category, its alignment to
the chosen mission and
vision, how it will be
tracked and measured,
and any resources needed
to achieve the goal
Adequately detailed a
SMART goal in the
technology category, its
alignment to the chosen
mission and vision, how it
will be tracked and
measured, and any
resources needed to
achieve the goal
Adequately detailed a
SMART goal in the legal or
regulatory category, its
alignment to the chosen
mission and vision, how it
will be tracked and
measured, and any
resources needed to
achieve the goal
Developing
60-73%
D to C-
Partially detailed a SMART
goal in the financial or
economic category, its
alignment to the chosen
mission and vision, how it
will be tracked and
measured, and any
resources needed to
achieve the goal
Partially detailed a SMART
goal in the technology
category, its alignment to
the chosen mission and
vision, how it will be
tracked and measured,
and any resources needed
to achieve the goal
Partially detailed a SMART
goal in the legal or
regulatory category, its
alignment to the chosen
mission and vision, how it
will be tracked and
measured, and any
resources needed to
achieve the goal
Needs Improvement
0-59%
F
Cursory or missing details
on a SMART goal in the
financial or economic
category, its alignment to
the chosen mission and
vision, how it will be
tracked and measured,
and any resources needed
to achieve the goal
Cursory or missing details
on a SMART goal in the
technology category, its
alignment to the chosen
mission and vision, how it
will be tracked and
measured, and any
resources needed to
achieve the goal
Cursory or missing details
on a SMART goal in the
legal or regulatory
category, its alignment to
the chosen mission and
vision, how it will be
tracked and measured,
and any resources needed
to achieve the goal
Transcribed Image Text:Wk 4 Summative Assessment: Financial Management Goal Setting Proficient 74-89% C to B+ Criteria Financial or Economic Goal Weight: 20% Technology Goal Weight: 20% Legal or Regulatory Goal Weight: 20% Exemplary 90-100% A-to A Clearly detailed a SMART goal in the financial or economic category, its alignment to the chosen mission and vision, how it will be tracked and measured, and any resources needed to achieve the goal Clearly detailed a SMART goal in the technology category, its alignment to the chosen mission and vision, how it will be tracked and measured, and any resources needed to achieve the goal Clearly detailed a SMART goal in the legal or regulatory category, its alignment to the chosen mission and vision, how it will be tracked and measured, and any resources needed to achieve the goal Adequately detailed a SMART goal in the financial or economic category, its alignment to the chosen mission and vision, how it will be tracked and measured, and any resources needed to achieve the goal Adequately detailed a SMART goal in the technology category, its alignment to the chosen mission and vision, how it will be tracked and measured, and any resources needed to achieve the goal Adequately detailed a SMART goal in the legal or regulatory category, its alignment to the chosen mission and vision, how it will be tracked and measured, and any resources needed to achieve the goal Developing 60-73% D to C- Partially detailed a SMART goal in the financial or economic category, its alignment to the chosen mission and vision, how it will be tracked and measured, and any resources needed to achieve the goal Partially detailed a SMART goal in the technology category, its alignment to the chosen mission and vision, how it will be tracked and measured, and any resources needed to achieve the goal Partially detailed a SMART goal in the legal or regulatory category, its alignment to the chosen mission and vision, how it will be tracked and measured, and any resources needed to achieve the goal Needs Improvement 0-59% F Cursory or missing details on a SMART goal in the financial or economic category, its alignment to the chosen mission and vision, how it will be tracked and measured, and any resources needed to achieve the goal Cursory or missing details on a SMART goal in the technology category, its alignment to the chosen mission and vision, how it will be tracked and measured, and any resources needed to achieve the goal Cursory or missing details on a SMART goal in the legal or regulatory category, its alignment to the chosen mission and vision, how it will be tracked and measured, and any resources needed to achieve the goal
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