Strategic Planning is the Compass Guiding Us Through Changes and Challenges
It aligns our vision, mission, goals, and values with the needs of patients, providers, staff, and partners.
As we start the 4th quarter, it's the ideal time for medical groups to revisit (or create!) their strategic plans.
Strategic planning is the compass guiding us through change and challenges. It aligns our vision, mission, goals, and values with the needs of patients, providers, staff, and partners.
Remember, strategic planning is an ongoing process, not a one-time event. Regular reviews and stakeholder alignment are essential for success. Let's gear up for a strong Q4 and beyond!
Here are several key areas to focus on:
Practice Culture:
Develop plans to maintain and improve culture, engagement, and talent management.
Objectives and Goals:
Evaluate performance, set SMART goals everyone has a part in.
Increasing Revenue:
Renegotiate your payer contracts, review coding and billing practices.
Budgeting:
Review financials and prepare a realistic budget.
Risk Management/Compliance:
Identify and manage potential risks.
Capital Projects:
Estimate requirements and prioritize upcoming projects.