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Over the last 15 years, healthcare organizations in the United States have faced a myriad of challenges, necessitating strategic planning across various domains. Financial planning emerged as a critical factor, especially with the introduction of the Affordable Care Act (ACA). Organizations had to meticulously plan and adjust their financial structures to navigate reimbursement changes and ensure sustained financial viability (Bhati et al., 2023). Efficiency planning became imperative during the COVID-19 pandemic, compelling healthcare entities to optimize resource allocation, streamline workflows, and implement innovative solutions to enhance operational efficiency in the face of unprecedented challenges (Rubinson et al., 2010). Value-focused planning has been crucial, notably in addressing the escalating costs of prescription drugs. Organizations strategically managed formularies, engaged in negotiations with pharmaceutical companies, and promoted cost-effective alternatives to ensure the delivery of high-value healthcare services (Kesselheim et al., 2016). Strategic planning in these areas not only involved adapting to legislative changes but also encompassed a proactive mix of current and long-term strategies. Workforce planning, a crucial component, ensured the efficient management of healthcare personnel to meet evolving demands while maintaining resilience and adaptability. Overall, the strategic planning undertaken by healthcare organizations reflects a multifaceted approach, integrating financial considerations, operational efficiency, and value-centric approaches to navigate challenges and foster sustained success in an ever-evolving healthcare landscape.
References:
Bhati, D., Deogade, M. S., & Kanyal, D. (2023). Improving Patient Outcomes Through Effective Hospital Administration: A Comprehensive Review. Cureus, 15(10), e47731. https://doi.org/10.7759/cureus.47731
Kesselheim, A. S., Avorn, J., & Sarpatwari, A. (2016). The High Cost of Prescription Drugs in the United States: Origins and Prospects for Reform. JAMA, 316(8), 858–871. https://doi.org/10.1001/jama.2016.11237
Rubinson, L., Vaughn, F., Nelson, S., Giordano, S., Kallstrom, T., Buckley, T., Burney, T., Hupert, N., Mutter, R., Handrigan, M., Yeskey, K., Lurie, N., & Branson, R. (2010). Mechanical ventilators in US acute care hospitals. Disaster medicine and public health preparedness, 4(3), 199–206. https://doi.org/10.1001/dmp.2010.18
