Strategic planning is a perfectly adequate and valuable tool for controlling all kinds of organizations, including healthcare organizations. In a healthcare organization, a hemodynamic unit, a cardiology department, or an electrophysiology unit can be an appropriate level, as long as their plans align with other plans at higher levels. The leader/manager of any unit is the person responsible for supporting the planning process, a focus & necessary part of his/her role. The method of strategic planning is programmable, rational, systematic, and holistic & combines the short, medium & long term, enabling the healthcare organization to concentrate on appropriate & lasting alterations for the future earnings.

Financial planning in healthcare organizations is essential for managing service levels & conducting a sustainable operation. In an unpredictable economy, costs can accelerate faster than earnings - a challenging condition for any management professional. Healthcare managers have supplementary issues to contend with, such as Medicare reimbursement rates & fluctuating insurance. Obtaining a strong financial performance is the core purpose of all healthcare organization. In pursuance of this goal, healthcare managers often practice a multi-faceted strategy of proven techniques & best practices.

For example:

Heart & Vascular Centre administrators from both hospital & clinic consider exceptionally discrete data in making their forecastsincluding specific categorizations in the projected age & growth of the population in the health system's service area, national benchmarks for costs and value symbols & even approximations of future physician requires balanced towards the supply of that specialty in the area. To implement any project like this proper strategic and financial planning is required.

How do you bring your competitor's advantage or disadvantage to your planning process? Any thoughts?