Contributing Factors to a Strategic Plan
Prior to beginning work on this assignment, review Chapters 7, 8, and 9 from our textbook along with the instructor guidance. Additionally, review following resources:
- Legislation, Regulations & Policies(Links to an external site.)
- Regulatory Overload Report: Assessing the Regulatory Burden on Health Systems, Hospitals and Post-Acute Care Providers(Links to an external site.)
- Top Ten Issues in Health Law 2021(Links to an external site.)
- Healthcare Regulations: Who Does What?(Links to an external site.)
- The Joint Commission E-dition standards manual
- Written directions for accessing the Joint Commission E-dition(Links to an external site.) standards manual
- Video directions for accessing the Joint Commission E-dition(Links to an external site.) standards manual
Contributing Factors to a Strategic Plan
Strategic planning in a health care organization requires leadership to incorporate many factors. For example, they must consider state and federal laws and regulations as well as having comprehensive knowledge about the competition, financial resources and revenue streams, the organization’s patient mix, and have a good understanding of the scope of their own employees. Health care leaders are responsible for gathering data and creating a strategic plan. They are also responsible for guiding the organization in achieving the goals identified in the plan.
For this assignment use the Contributing Factors to a Strategic Plan Download Contributing Factors to a Strategic Plantemplate to address the following:
- Analyze at least two ways federal and state regulations can limit the strategic plan’s goals for a health care organization. You may choose topics from the list below or other topics you locate through research. If you locate other topics not listed below, you must get permission from your instructor to use the topic:
- Behavioral health
- Certificate of Need (CoN) or similar state requirements (expansion of buildings and services, number of beds, etc.)
- Civil rights, racial equity, and cultural competency in health care
- Environmental requirements
- Fraud and abuse laws
- HIPAA (patient privacy and portability of health care insurance)
- HITECH Act (information collection and security)
- Medication guides and new releases or removals of pharmaceutical products
- Partnerships with other organizations
- Patient and insurance billing requirements (e.g., physician fee schedule in Medicare Part B, value-based care, etc.)
- Patient safety standards (located in the Joint Commission E-dition)
- Public Readiness and Emergency Preparedness (PREP) Act
- Stark Law (anti-kickback)
- Telehealth regulations and payment limitations
- OSHA (workplace safety)
- Identify two ways in which licensed health care providers contribute to the direction of a health care organization’s strategic plans.
- Provide rationale for each method of contribution.
- Examine financial incentives and reward systems for attaining or exceeding objectives.
- Who should receive financial incentives when the expected outcomes are achieved or exceeded?
- How can employees who do not receive financial incentives be rewarded for their contributions to the successful outcomes of the strategic planning goals?
- Discuss at least two management actions that could be taken when organization-wide and functional objectives are not achieved. This can apply to an individual leader, to a small team, or to an entire department.
- Provide rationale for each management action identified.