Prioritizing Critical Planning Issues

Arguably, the most difficult step in a strategic planning process is the identification of critical strategic issues to guide the strategy development phase. At its core, strategic planning aims to allocate scarce resources  to areas that most positively impact the organization. Therefore, identifying and subsequently prioritizing the issue list is critical to the overall success […]

The Maine Track: Addressing the Primary Care Physician Shortage Head On

A uniquely Maine curriculum and reserved and subsidized slots for Maine students are just two of many innovations in place at a partnership between Maine’s largest hospital, Maine Medical Center, and Tufts University School of Medicine.  Tufts and Maine Medical Center jointly recruit and select students in the co-governed program that awards a combined diploma […]

Engaging Physicians in Your Strategic Planning Process

We recently received the following question from a registered attendee during our ACHE Cluster session, Strategic Planning from Formulation to Action, in San Antonio: In a hospital or health system, how do you broadly engage physicians in the strategic planning process? Physicians are integral to the strategic planning process, and multiple options exist for engaging […]

The Race to Acquire Physician Practices: The Close of the Transaction is Not the Finish Line

As hospitals and health systems race to acquire large physician practices in an offensive or defensive market strategy, hospital administrators and business development teams often view the transaction closing date as the finish line. Prudent health care leaders recognize that to capitalize on the significant practice investment, a comprehensive integration strategy, from pre-due diligence through […]

Scenario Planning: Preparing for Unforeseen Events

Future uncertainty of the health care environment is creating unprecedented challenges for health care organizations. To manage  risk in uncertain times, scenario planning, which helps organizations adapt more successfully to unexpected future conditions, is an effective tool to incorporate into the strategic planning process. There are two potential approaches to incorporate scenario planning into the […]

Strategic Planning Process Highlight: The External Assessment

A complete strategic plan will always include an external assessment.  The external assessment should examine the organization’s historical performance as it relates to its respective marketplace, including analysis of the market’s historical performance as well as anticipated future trends and forecasts.  The external assessment has five main components: 1.  Review of demographic, economic, and health […]

What is Strategic Thinking?

For organizations to insert creativity, intuition, a future orientation, and new perspectives into its strategic planning process, strategic thinking is required. It is the type of thinking that attempts to determine what an organization should look like in the future. Strategic thinkers ask questions such as: “What are we doing now that we should stop […]

How Do You Ensure Participation in the Strategic Planning Process?

Participation and collaboration are not only ideal in any strategic planning process, they are essential.  In previous posts, we’ve discussed the importance of having a variety of stakeholders throughout your organization participate in the strategic planning process to gain buy-in for the final plan.  Just as important in knowing who to have participate, is knowing […]