$5-Assgn

Readings

· Course Text: Managing Health Care Business Strategy

. Chapter 8, "Formulating SBU-Level and Functional Area Strategy” Note: This chapter was assigned in Week 3. Some of the content is applicable to this week's focus.

. Chapter 9, "Implementing the Strategy” Implementation is an essential phase of strategic planning and management; after all, there is little value to a plan if it is not implemented. This chapter discusses implementation of plans in key functional areas.

. Chapter 11, "Strategic Financial Management" Financial considerations are an important aspect of strategic planning. Effective financial management is necessary to pay for resources, and finances are often used as a measurement of the successful outcomes to strategic planning.

· Document: Good Samaritan Hospital of Maryland. (2010). Annual plan overview. Baltimore, MD: Author. © Good Samaritan Hospital of Maryland. Used by permission. The link for this document appears in this week’s Discussion area.

Optional Resources

· Article: Hrebiniak, L. (2008). Making strategy work: Overcoming the obstacles to effective execution. Ivey Business Journal, 72(2), 1–6. Retrieved fromhttp://ezp.waldenulibrary.org/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=32132759&site=ehost-live&scope=site

· Case Study: Zuckerman, A. M. (2009). What would you do? How should a hospital expand its cancer services?. hfm (Healthcare Financial Management), 63(10), 98–100. Retrieved from http://ezp.waldenulibrary.org/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=44655943&site=ehost-live&scope=site

· Article: Luman, R. L. (2006). Developing a strategic contracting strategy in an integrated delivery system. Journal of Healthcare Management, 51(3), 203–209. Retrieved from http://ezp.waldenulibrary.org/login?url=http://proquest.umi.com.ezp.waldenulibrary.org/pqdweb?did=1043000921&Fmt=7&clientId=70192&RQT=309&VName=PQD

· Article: Invest-Tech Limited. (2009). Business planning papers: Devising business plan strategies. Retrieved fromhttp://www.planware.org/businessstrategies.htm

· Article: Invest-Tech Limited. (2009). Writing a business plan. Retrieved from http://www.planware.org/businessplan.htm

· Article: Invest-Tech Limited. (2009). Business plan guide: Financial projections. Retrieved from http://www.planware.org/gfinancials.htm

· Article: Sussman, J. H., Grube, M. E., & Samaris, D. (2009). Ensuring affordability of your hospital's strategies. Healthcare Financial Management. Retrieved from http://ehis.ebscohost.com.ezp.waldenulibrary.org/ehost/detail?sid=fac8d159-6a32-44d9-9772-b762d0fb1302%40sessionmgr11&vid=1&hid=22&bdata=JnNpdGU9ZWhv

· Article: Mind Tools, Ltd. (2010). Responsibility assignment matrix. Retrieved from http://www.mindtools.com/pages/article/newPPM_RAM.htm