Tag: strategic planning
Strategic Planning: Devote time to implementation
August 3, 2022Mary Sand
Q. Once I have a strategic plan, how do I implement it?
A. I often see organizations devote time to strategic planning with everyone energized about the possibilities ahead and committed to new goals. Unfortunately, the daily demands of operating the business can interfere with the leader’s ability to implement their new plan. A few simple steps done at the beginning of the implementation phase lay the foundation for a successful implementation.
Begin...
Strategic Planning: Plan well, go FAR
July 8, 2022Mary Sand
Q. What pitfalls should I avoid when creating a strategic plan?
A. Once you’ve committed to a strategic planning session and have assembled the key stakeholders to engage in the process, there a few recommendations to keep the planning on track. Use the acronym FAR as a guide.
Focus
A lack of focus can be disguised in many forms; examples include having too many goals and having ideas that are too big. Trying to accomplish too many goals leads to little progress on any of them....
Strategic planning: Think beyond the obvious
June 7, 2022Mary Sand
Q. What do I need to consider for an effective strategic planning session?
A. Once you decide it’s time to conduct strategic planning, there are three questions to ask yourself:
Am I updating an existing plan or starting with a blank slate?
Who are the key stakeholders to include in the planning?
Should I have an external facilitator lead the planning?
If you have a strategic plan that is still relevant, then focus on updates and...
Strategic Planning: Emphasize visibility, agility
May 13, 2020Bill Paul
Q. What are good operation management strategies during challenging times?A. The COVID-19 pandemic has made us take a hard look at how our businesses in the HME industry operate. The operating systems and procedures that had been in place for years have been seriously disrupted. When faced with exceptional events, leaders need to take a hard look at their now. Steering company operations during uncertain times requires an analytical approach with an emphasis on visibility, control and agility.With...
Take it to the bank
August 27, 2014Liz Beaulieu, Editor
There are three excellent panel discussions at the HME News Business Summit this year (It's Sept. 7-9 at The Marquette Hotel, so there's still time to register!).
I touched on these panels in a previous blog.
But I wanted to give you a better idea of where we're headed with the panels on partnerships and strategic planning.
Where does HME fit in?
For the panel on partnerships, we'll have four HME providers talking about how they've been able to further embed themselves in the continuum of care. They're...
Rebundling your offerings, wearing suits and moving the needle
July 17, 2014Liz Beaulieu, Editor
I've had great conference calls this week with the moderators and panelists for the three panel discussions at this year's HME News Business Summit.
(Shameless plug: It's less than two months away, by the way, so register today!)
The topics of the panel discussions are partnership opportunities among healthcare providers, strategic planning and outside investment in HME.
I get really amped up for the Summit after these calls. Hearing the panelists chime in on what they plan to talk about during the...
Use strategic planning to prepare for future
March 28, 2014Guest Commentary
What is strategic planning and why do I need it? Strategic planning is an exercise by which you assess current trends and based upon those trends paint a picture of what you believe will be the work environment your company will likely face in the future. You must then take a proactive approach and determine how you will prepare for both positive and negative changes that will emerge.Strategy is a Greek military term that means joining the general with his army to achieve goals. The leader must understand...
Using data, practicing self-disclosure and asking for help
July 12, 2012Liz Beaulieu, Editor
Each year, we present the results of the HME Financial Benchmarking Survey during a session at the HME News Business Summit led by Rick Glass, president of Steven Richards & Associates.
Rick usually has a sidekick. Last year, it was provider Scott Lloyd (thanks again, Scott—great job!). This year, it will be Kathy Rankin, a visiting instructor in the Palumbo Donahue School of Business at Duquesne University in Pittsburgh.
Kathy teaches undergraduate and graduate courses in financial accounting,...