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9 Cards in this Set
- Front
- Back
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Characteristics of a Strategic Plan
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Reality based: an honest look
Data driven: benchmark data Inclusive Input: top down analysis Dynamic: most rapidly growing and changing Shared throughout the organization Used daily to guide and align work Has defined outcomes as measures of success |
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_________and ___________managers are closer to the point of delivery of services and products.
They have unique but narrower focuses and more specific planning responsibility. This gives the planners knowledge and insights to contribute |
middle and lower tier managers
May select a small representative of middle/lower management to get a better buy-in |
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External stakeholders such as customers should provide input to strategic planning b/c?
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they are the key stakeholders in health care
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A ___________input may be needed for input on securing financing or developing financial strategy during strategic planning.
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A financial lender
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Who implements the strategic plan?
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non-management personnel
Their practical experience can edify the planning process Including them may bring about acceptance of the plan because they had input (bigger buy-in) |
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Seven-Part Business Plan Package
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Step 1: Transmittal letter
Step 2: Cover Page Step 3: Executive summary Step 4: Table of Contents Step 5: Business Description Step 5a: Marketing (may be part of Step 5) Step 6: Financial Information Step 7: Supporting Documentation |
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Developing the Business Plan
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Plan should be 20-30 pages (it is what it is)
Plan should be clear, concise, easy to read Plan should be factual as possible Plan includes strengths, opportunities, weakness, threats (SWOT vs competition) Stay away from PT jargon – plain English Do not use confidential information |
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Financial information to be included in your business plan should consist of:
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Personal financial information
Income sources Outstanding balances, rates, payments Develop balance sheet of your current operation Pro-forma cash-flow analysis will be need for new business or new adventure |
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Estimate of income based on factual reimbursement, current operations
Break even points If funding or expenses are staggered based on time lines or performance criteria If a new practice, you may need to have contracts or letters of intent from the insurance carries or a clearing house (PTPN, SPTN, …) |
description of Pro-forma
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