Ascertain the importance of strategic planning for an organization.
Discussion 1 “Contract Negotiations and Risks and Operating Margins” Please respond to the following:
Question 1
In the scenario, the contract negotiations between North Creek Healthcare and the community hospital concluded with an agreement on non-financial (legal) terms. Suggest the most critical element of the contract and the impact to the short-term and long-term operational strategy of a community hospital. Indicate the potential implications to the hospital’s financial targets.
Question 2
Imagine you work for a hospital where the operating margins have been consistently below national norms for the past three years. Discuss one key driver of the below average performance. Suggest one strategy to improve the future management of the driver that you’ve discussed.
Discussion 2 “Leasing Equipment”
Question 1
Suggest one key economic factor that motivates leasing as an option in acquiring an asset. Explain the potential asymmetries that may exist where leasing may be beneficial to both the lessors and the lessee.
Question 2
Determine one significant benefit to an organization that decides to lease an asset that conventional lease analysis evaluation reveals has a negative Net Advantage to Leasing (NAL). Provide a real-life scenario that supports your answer.
Discussion 3
Strategic Planning and Business Plan”
Question 1
Ascertain the importance of strategic planning for an organization. Next, suggest one strategy you may use to structure the strategic planning session for a not-for-profit mid-sized health organization that is competing with several for-profit facilities in the area. Then determine your approach to communicate the mission, vision, and value statements for the strategic planning. Provide a rationale for your response.
Question 2
Use the Internet to research articles on business plan creation within health organizations. Next, based on your research and analysis, recommend three best practices of business plan creation and support your response.
This is a required resource.
Tan, J., & Payton, F. C. (2010). Adaptive health management information systems: Concepts, cases, & practical applications. (3rd ed.). Sudbury, MA: Jones and Bartlett.
You may also use supplemental resources.
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides;
citations and references must follow APA format. Please use 1 page for each discussion question and separate references accordingly.
