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University of Maryland Effective Strategic Planning Analysis Essay
This is a group assignment. This task is to continue from where the other student had stopped.
One student worked on the below:
Task: Discussion of a new strategy, research support for the strategy, knowledge of best practices in the reorganization –
Answer
- Effective strategic planning, and effective strategies can create a direction for the organization while maximizing the options for influencing the environment and reorganization efforts for improving outcomes
- New Strategy:
- Implement and adopt agile principles into the organization structure and plan.
- The agile stragety provides means to explore, integrate, and adapt to new and emerging clinical and organizational knowledge and tools, as well as the opportunity to respond to changing needs and expectations to create a dynamic and adaptive, responsive system. Thiagile approach is used by innovative healthcare organizations to deliver a patient-centric experience.
- Nearly 80% of healthcare administratirs say they need to incorporate agile strategies, but only 30% are familiar with the agile concept in restructuring
- 75% say that existing agile teams perform better or significantly better than traditional teams and organizational structures
- Implement and adopt agile principles into the organization structure and plan.
By adopting agility and agile strategies, Arroyo Fresco can arm itself with the tools and resources needed to adapt quickly and develop a more effective organizational structure. Healthcare administrators and strategic planners are increasingly restructuring their organizations by adopting performance and outcome focused practices, and adopting agile approaches. At the core of organizational agility is the goal of patient satisfaction and improved outcomes. Agility refers to an organization’s ability to properly embrace change, and continuously communicate and adapt strategies and resources to create and sustain value
81% of organizational agility adapters experienced an increase in overall financial performance. Healthcare organizations that have successfully adopted an agile framework have restructured their management hierarchy and placed a strong emphasis on teamwork and collaboration across the different departments.
At the heart of adopting agility is creating multi-disciplinary “squads” that work together across various levels of the organization to reach the common goal of improved outcomes. Teams work together to define the best way to set goals, prioritize activities, and focus efforts. With every step, there is a feedback loop and stakeholder involvement for continuous improvement.
Achieving the final outcome is increasingly fluid as decisions are made quickly.
One of the largest US healthcare systems adopted agility in the form of multi-disciplinary teams composed of nurses, physicians, and pharmacists. By doing so they have promoted accountability across the organization and have been successful in eliminating activities with low added value (i.e., duplicate documentation and automated activity), thus using all available data effectively to improve outcomes.
This task is to:-
Description of how the strategy will be executed and measured, including financing, revenue, and expense. How will you pay for the changes you recommend? This is a critical part of the exercise –