Planning refers to an intellectual act that is directed towards predicting and anticipating for any change. On the other hand, decision making refers to an aspect of selecting an important course of an action. In other words, decision making involves an act of collecting organizing information into a more useful form to aid the identification of alternate options (Rietjens et al., 2017). Every health care demands for an effective planning and proper decision making. It means for every organization to effectively compete in a healthcare market place, it has to observe several strategic recommendations as highlighted in various sources. Therefore, the essay provides crucial data that is required to support strategic recommendations that every organization should prioritize to emerge successful in an healthcare market place competition.
In every health care setting, all employees should embrace teamwork as the key mode of their working. Through teamwork, employees will share more ideas and learn a lot about the health concerns of the patients. by so doing, they are likely to improve their communication skills such that it will be easier to handle the needs of every patient effectively. Through team work different healthcare practitioners handle every patient with varying moods. Therefore, healthcare employees will employ temperate and reasonable abilities to address health situation of every patient. More so, through a team work, the health employees will cooperate with external cooperatives to build up a healthy environment.
Secondly, the organizational health care givers should be highly skilled. It means they should be acquainted with the necessary knowledge and skills that are required to address the health status of every patient. More so, they should have relevant contact with several doctors from various fields. As a result, they will stand a better chance of providing effective services to all patients as well as serving their issues depending on their different health concerns. In connection to that, skilled healthcare givers ensure that the health of every patient is put in track so that every patient is exposed to the correct and required healthcare measures.
Thirdly, every health care organization should embrace cleanliness and neatness among its employees. Cleanliness will ensure that a patient is not exposed to unwanted infections during the process of treatment. Again, the neatness among the health care employees will give patient confident that the services provided to them is of importance and of great value to their health. Most importantly, neatness and cleanliness will ensure that the environment within every healthcare unit is suitable to address the health concern of all patients.
The healthcare organization should have better and effective infrastructure that allows for an easy access to all health care facilities by all patients. Infrastructure involves the availability of better means of transport and communication across all regions of the country. Good means of transport will ensure that patients are transported to hospitals within the shortest time possible (Motlatla, 2015). On the other hand, means of communication will facilitate a close link between the healthcare giver and the patient. As a result, the patient will share their health matters to respective doctors without intense difficulties. By so doing, the entire exercise will reduce premature deaths by increasing life span of every citizen.
The complaint office in every health care organization should employ a filing approach of the data for every patient. However, the best filling should be done in a computer. Storage f the patient’s data will ensure that all hospital staff members are informed and aware about the health progress of the patient. As a result, they will generate and impose new approaches that will serve to improve the health situation of the patient. More so, the hospital staff will be at a better position such that will report serious health matters concerning the patient to the top management for an immediate intermediary. In general, the filing of patient’s information in a computer will ensure that every patient receives better services and that they are l satisfied with what is provided to them by health care givers.
The healthcare organization should ensure it has all essential equipments and tools required to handle al sorts of patients. Particularly, the emergency department should comprise of sophisticated equipments which can solve the health challenges of every patient without much difficulties. In so doing, the approach will reduce high rates of premature and unplanned deaths among the patients. It will also place the health services at a top position such that every patient will seek to access its services at all the time (Robinson et al, 2018). Importantly, a well equipped health care organization ensures that it is ready to handle every patient regardless of their health conditions. In short, such an organization can handle both minor and major injuries of the patients.
The organization should embrace a SWOT analysis in its operations. The SWOT analysis will offer an e3ffictive planning of an organization. It will also ensure that all health stakeholders within the organization are well coordinated to avoid delays in the provision of care to the patients. The SWOT analysis will enable the organization to identify its strengths, weakness, opportunities and its future target in the entire market of its operation.
An estimate of the resources (operational, human, and length of time) that are needed to implement each of the above recommendations
|recommendation||Operational||Human||Length of time|
|Embracing teamwork||All health departments working as a team with a common goal.||Involve the cooperation of patients, health workers and the general stakeholders of the organization.||An endless approach|
|Employing skilled health care givers||Every health worker will be reassigned duties on the areas of their specialization.||The hospital staff will consult each other in case of any health challenge||An endless approach|
|Cleanliness and neatness among its employees and environment of the organization.||Every worker will be required to wear masks, gloves and white lab coats during their working hours||The manager will summon those who act against the rules of the organization.||endless|
|better and effective infrastructure||All departments will be equipped with necessary laboratory equipments||Expets will be employed to handle complicated machines and train the staff how to handle them in future.||5 yeras|
|Recording the data of every patient in a computer||Every information f the patient must be entered in a functional computer||Care givers shall give report to the seniors about the progress of every patient.||endless|
|Provision of essential equipments and tools required to handle all sorts of patients.||Managers will coordinate to provide every department with the required resources.||Hospital staff will report to the manager in case of any shortage of the resources.||endless|
|embrace a SWOT analysis||The analysis will evaluate the weakness, strengths, opportunities and the threats of the organization.||Various experts will be given the mandate to conduct the analysis.||One per month|
Using at least 3 appropriate financial ratios (compound annual growth rate (CAGR), return on equity (ROE), return on investment (ROI), net present value (NPV), profitability index (PI), internal rate of return (IRR), etc.) from your research, demonstrate the financial validity of each of your recommendations
Compound annual growth rate (CAGR)
The cost of establishing a united and appropriate teamwork will vary from one year to another. For the first few years, the cost will be increasing by either 4.17% (Korotky, 2015). The cost of employing skilled manpower will be changing by 2.4% in ever year until when the organization stabilizes. Cleanless and neatness will cost an approximate of 5% of the organization total earnings in every year. The installation of better and improved infrastructure will cost at least 15% of the organization’s annual earnings. The cost of purchasing computers and provision of essential resources will vary depending on the growing of technology. It is expected that the organization will incur 8% of total earnings to purchase and repair computers annually. Finally, the cost of employing SWOT analysis will require 3% of the total investments in every year.
Return on equity
The appropriate teamwork will have ROE of $200; the skilled manpower will range at $150-$180 every month. The ROE for Cleanneess and neatness will be approximately $11 in a month. The installation of better and improved infrastructure will go for $170 (Easton, 2017). Meanwhile, the ROE of purchasing computers and provision of essential resources will e at an average of $160. Finally, SWOT analysis will have $85 in every month.
Profitability index (PI)
The appropriate teamwork will give a PI of $300 while the skilled manpower will range generate a profit of at $180 in a month. The PI for Cleanneess and neatness will be approximately $70 in a month. The installation of better and improved infrastructure will generate a profit of $400 in a month (Gurau, 2018). Modern and new computers plus provision of essential resources will generate a profit of $500. Finally, SWOT analysis will provide over $300 in every month.
Every organization works with the aim of emerging successful in all its operation. However, to achieve such a success, the manager in partnership with other stakeholders must initiate some strategies to reinforce their operation. Among the recommended approaches for every successful organization include embracing a teamwork approach, employing skilled labor, improving the infrastructure of the company among many others. Once such approaches are taken into serious consideration, the organisation performance is improved and attracts many clients than ever before.
Robinson, J. H., Callister, L. C., Berry, J. A., & Dearing, K. A. (2018). Patient‐centered care and adherence: Definitions and applications to improve outcomes. Journal of the American Academy of Nurse Practitioners, 20(12), 600-607.
Rietjens, J. A., Sudore, R. L., Connolly, M., van Delden, J. J., Drickamer, M. A., Droger, M., … & Orsi, L. (2017). Definition and recommendations for advance care planning: an international consensus supported by the European Association for Palliative Care. The Lancet Oncology, 18(9), e543-e551.
Motlatla, M. (2015). Assessment of Health Care Waste Management Compliance in the Northern Cape Department of Health (Doctoral dissertation, Bloemfontein: Central University of Technology, Free State).
Korotky, S. K. (2015). Semi-empirical description and projections of Internet traffic trends using a hyperbolic compound annual growth rate. Bell Labs Technical Journal, 18(3), 5-21.
Easton, P. D. (2017). PE ratios, PEG ratios, and estimating the implied expected rate of return on equity capital. The accounting review, 79(1), 73-95.
Gurau, M. A. (2018). The use of profitability index in economic evaluation of industrial investment projects. Proceedings in Manufacturing Systems, 7(1), 45-48.
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