Healthcare Strategic Planning, Fourth Edition
By John Harris
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About this ebook
Instructor Resources: PowerPoint slides of the book's exhibits and a transition guide to the new edition.
The US healthcare delivery system is undergoing unprecedented transformation. In response to rapid and profound changes in technology, competition, consumerism, and other areas, healthcare leaders must help their organizations develop and implement effective strategies to survive and thrive. This fourth edition of Healthcare Strategic Planning, edited by John M. Harris (and previously authored by Alan M. Zuckerman), provides core insights into strategic planning practice and theory and shows how those insights can be applied to healthcare organizations. Examples from actual healthcare organizations add real-life detail and reinforcement. By following the book's step-by-step guide to the stages of strategic planning—analyzing the environment, determining organizational direction, formulating strategies, and transitioning to implementation—readers will learn how to answer the question everyone in healthcare management is asking: Where are we going? This new edition addresses strategic planning in the context of contemporary healthcare issues, particularly population health, value-based payment, and shifting providerpayer partnerships. It features the following new or enhanced material and more: Fresh strategies for incorporating strategic thinking into management routinesExpanded coverage of environmental analysis, including tips on organizing the data collection process and identifying market trendsNew strategy formulation examples that illustrate the relationship among between crucial issues, goals, and key metricsA step-by-step process for creating an effective implementation plan and guidance for gaining board approvalNew case studies that illustrate how successful organizations handle the annual strategic planning processA new chapter on addressing business model shifts and technological and clinical advances at each step of the planning process
John Harris
John Harris, author of Britpop!: Cool Britannia and the Spectacular Demise of English Rock, has written for Rolling Stone, Mojo, Q, The Independent, NME, Select, and New Statesmen. He lives in Hay on Wye, England.
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Reviews for Healthcare Strategic Planning, Fourth Edition
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- Rating: 5 out of 5 stars5/5it is a great book. I learned a lot, especially regarding business model innovation.
Book preview
Healthcare Strategic Planning, Fourth Edition - John Harris
Authors
Preface
Earlier editions of Healthcare Strategic Planning are dog-eared and underlined in the offices of many healthcare CEOs and strategic planners. As healthcare leaders wrestle with rapid and profound changes, they must help their organizations develop and implement effective strategies to thrive. This fourth edition provides a how-to guide for healthcare organizations seeking to undertake strategic planning in our dynamic environment.
In this revision, we provide core insights into strategic planning practice and theory and into how those insights can be applied to healthcare organizations. In addition to a step-by-step presentation of the planning process, the book includes essential advice on critical aspects of successful planning, such as stimulating truly strategic thinking, executing implementation, transitioning to strategic management, and maximizing results through annual plan updates.
We have also updated this edition to address contemporary issues, including population health, value-based payment, and provider–payer partnerships. An entire chapter is devoted to innovations in healthcare business models and technologies. The latest research on healthcare strategic planning is punctuated with contemporary examples from our experience assisting Veralon clients. These examples provide fresh insights into how healthcare organizations are conducting strategic planning and using their strategies to leapfrog into the future, staying ahead of competitors.
The tools in the new edition will help CEOs, planners, physicians, trustees, and other professionals understand key concepts and make the planning process a robust learning and growth experience for their organizations.
In the five years since the previous edition, our views on the strategic planning process have evolved, based on the insights of Veralon consultants who apply the process, as well as on feedback from the clients with whom the process was used. This edition of the book reflects that evolution.
First, to make this edition easier to navigate, we have grouped the chapters into the following four major sections:
Section 1—Making the Case for Strategic Planning
In addition to helping the reader understand the benefits of strategic planning, this section can help convince organizational leaders to invest sufficient time and resources to get the full benefit of an effective planning process.
Section 2—Setting the Stage for Successful Strategic Planning
Preparation is vital to successful planning. This section describes the key decisions and preparation required for a successful process and plan.
Section 3—The Strategic Planning Process
The four phases of strategic planning—analyzing the environment, setting organizational direction, formulating strategy, and implementation—are described in clear steps with real-life examples from our work with clients.
Section 4—Optimizing Strategic Planning
For more advanced planners, this section addresses topics that can help an organization get even more out of strategic planning.
We have refined and added helpful content in every chapter, with approximately 30 pages of additional content. Key changes include:
Chapter 1—The Value of Strategic Planning
This chapter has been renamed to reflect our increased emphasis on the value and benefits of strategic planning. We have also addressed why and how healthcare strategic planning is different from strategic planning in other industries, based on new research.
Chapter 2—Benefits of Strategic Planning
In this chapter, we have included new graphics illustrating new concepts, case studies illustrating more contemporary situations with an emphasis on population health management, and clear summaries of the benefits of strategic planning.
Chapter 3—Organizing for Success
We have reorganized the 12 steps involved in preparing for strategic planning under four categories, simplifying planning execution.
Chapter 4—Major Planning Process Considerations
We have updated examples, tools, and research, with a new focus on stakeholders.
Chapter 5—Encouraging Strategic Thinking
We have provided new research on incorporating truly strategic thinking into planning and ongoing management.
Chapter 6—Phase 1: Analyzing the Environment
We have provided updated examples, including new exhibits of strategic frameworks, and expanded the approach to quantitative analysis in this chapter.
Chapter 7—Phase 2: Organizational Direction
We have updated and added examples and restructured the chapter for a smoother read.
Chapter 8—Phase 3: Strategy Formulation
This entire chapter was updated with new examples and real-world case studies that incorporate current strategic issues and provide a detailed picture that helps readers envision key strategic plan outputs.
Chapter 9—Phase 4: Transition to Implementation
We have recognized successful implementation as one of the greatest challenges for organizations completing strategic plans. Based on our client experiences, we added a step-by-step process for developing effective implementation plans.
Chapter 10—Annual Review and Update
Based on lessons learned in the field, we have added new ideas for integrating implementation plans into other organizational work processes to ensure that strategic plans are actually implemented.
Chapter 11—Enabling More Effective Execution
We have included lessons from outside the healthcare field on keeping the strategic plan up-to-date. We have also included new case studies with a key example of one highly developed system's annual strategic planning process.
Chapter 12—Addressing Innovation in Strategic Planning
This new chapter discusses game-changing innovations that will create new winners and losers in the healthcare sector. Two types of innovation are explored: business model innovation, particularly related to alignment of providers and payers, and clinical and technological innovations that may change healthcare.
Chapter 13—Future Challenges for Strategic Planners
We have summarized and elaborated on new research and recommendations for the future for healthcare strategic planners and strategists, including special skills required.
We hope you enjoy the fourth edition of Healthcare Strategic Planning. Five years of interaction with clients, presentation audiences, and colleagues have offered much grist for the mill in updating this book.
Special thanks are due to the many consultants of Veralon who expand our insights and techniques for successful strategic planning in every client engagement. I particularly want to thank those members of the Veralon team who are contributing authors for this edition: Scott Stuecher, manager; Mark Dubow, director; Carol Davis, principal; and Katherine Cwiek, former manager. In addition, Dana Rosenbaum provided extensive organizational and research support for this edition.
We thank those clients that have allowed us to write about their real-life experiences and insights so that others may learn. We particularly acknowledge:
Ascension
Hunterdon Healthcare System
Jefferson Health
McDonough District Hospital
St. Mary's Health System (Evansville, Indiana)
Stony Brook Medicine
UW Health
Yavapai Regional Medical Center
Finally, we express our sincere gratitude to all clients of Veralon. By responding to your questions and needs, we customize and refine our approaches, gaining insights that we have the privilege of sharing through this book.
John M. Harris
Philadelphia, Pennsylvania
SECTION 1
Making the Case for Strategic Planning
CHAPTER 1
The Value of Strategic Planning
The organization without a strategy is willing to try anything.
—Michael Porter
There is surely nothing quite so useless as doing with great efficiency that which should not be done at all.
—Peter Drucker
For decades, top scholars and strategy experts have debated the bottom line value of strategic planning and whether planning is an effective way to craft good strategy. Understanding concerns raised about the efficacy of strategic planning (notably Martin 2014; Mintzberg 1994) can be useful because, although criticisms do not invalidate strategic planning as a path to sound strategy, they do call attention to what can make planning fail. Thus, criticisms highlight how planning must be designed and executed to overcome potential pitfalls on the journey to meaningful strategy, and they can also heighten awareness of challenges in a way that is beneficial to students of strategy and planners alike.
Before one is able to appreciate why strategic planning is in fact a viable path to good strategy, however, establishing a common understanding of the more foundational elements is important—what strategy is, what defines good strategy, and what strategic planning is.
WHAT IS STRATEGY?
Though this book primarily focuses on the process rather than the content of strategy (as distinguished by Mintzberg 1978, 1994; Mintzberg, Ahlstrand, and Lampel 1998; Porter 1979, 1998), and specifically on the strategic planning process for healthcare organizations, defining the latter is critical to evaluating the value of the former.
The concept of strategy has roots primarily in military history and secondarily in political history. "The English word strategy comes from the Greek strategos, meaning a general…and the Greek verb strategeo means to plan the destruction of one's enemies through effective use of resources. Many terms used in strategy today—objectives, mission, strengths, weaknesses—also have military roots" (Ginter, Duncan, and Swayne 2013, 7).
For purposes of business, Wickham Skinner (1969, 140) defined strategy as a set of plans and policies by which a company aims to gain advantages over its competitors.
Porter (1996, 70) asserts that the essence of strategy is choosing what not to do
and that strategy is about making the choices necessary to distinguish an organization in meeting customers’ needs. Others describe strategy more pragmatically as answering questions of where we are going and how we get there (Eisenhardt 1999). The defining attribute of strategy—the nucleus
(Porter 1996) or kernel
(Rumelt 2011a)—relates to establishing and leveraging sustainable competitive advantage and fulfilling the intention of a firm's strategic direction (Hamel and Prahalad 1989).
WHAT IS GOOD STRATEGY?
The authors of this book, adapting the framework proffered by J. Daniel Beckham (2000), propose seven key characteristics of effective strategy:
Sustainability. It has lasting power with greater long-term impact than other alternatives.
Performance benefits. It yields improvement on key performance and competitive position indicators.
Competitive advantages. Its approach is demonstrably unique and superior to those employed by competitors and thus yields competitive advantages.
Direction. It moves the organization toward a defined end, although not necessarily in a linear fashion.
Focus. It is targeted and represents a choice to pursue a certain course over other attractive alternatives.
Interconnectedness. Its components have a high level of interdependence and synergy.
Criticality. It may not be essential to organizational success, but it is certainly significant and fundamental.
In Good Strategy, Bad Strategy, Richard Rumelt (2011a) asserts that good strategy has a sound underlying logic and structure that make up the kernel
of a strategy. A good strategy may consist of more than the kernel, but if the kernel is absent or misshapen, problems will ensue. The kernel of a strategy contains three elements: (1) a diagnosis that defines or explains the nature of the challenge, (2) a guiding policy for dealing with the challenge, and (3) a set of coherent actions that are designed to carry out the guiding policy.
Rumelt (2011b, 5) further elaborates, A good strategy does more than urge us forward toward a goal or vision. A good strategy honestly acknowledges the challenges being faced and provides an approach to overcoming them. And the greater the challenge, the more a good strategy focuses and coordinates efforts to achieve a powerful competitive punch or problem-solving effect.
WHAT IS STRATEGIC PLANNING?
A number of definitions have evolved to pinpoint the essence of strategic planning. According to Peter M. Ginter, W. Jack Duncan, and Linda E. Swayne (2013, 21), Strategic planning defines where the organization is going, sometimes where it is not going, and provides focus. The plan sets direction for the organization and—through a common understanding of the vision and broad strategic goals—provides a template for everyone in the organization to make consistent decisions that move the organization toward its envisioned future. Strategic planning, in large part, is a decision-making activity.
Beckham (2016) describes true strategy as a plan for getting from a point in the present to some point in the future in the face of uncertainty and resistance.
A. B. Campbell (1993) adds the concept of measurement to his definition, which characterizes strategic planning as a process for defining an organization's objectives, the strategies to achieve objectives, and metrics that gauge effectiveness of strategies.
Connie Evashwick and W. T. Evashwick (1988), incorporating the concepts of vision and mission, propose that strategic planning creates a vision of the future based on how the organization fits into its current and anticipated environment given its mission, strengths, and weaknesses. Once a vision is in place, the organization develops a plan of action to position itself accordingly.
Many variations of the strategic planning model exist and are used, but all have common core tenets. Two similar approaches to strategic planning were developed in the 1980s. The first, proposed by Donna L. Sorkin, Nancy Ferris, and James Hudak (1984), features the following steps:
Scan the environment.
Undertake external and internal analyses.
Select key issues.
Set a mission statement and broad goals.
Develop goals, objectives, and strategies for each issue.
Develop an implementation plan to carry out strategic actions.
Monitor, update, and scan.
The second approach was tailored to healthcare and included these steps (Simyar, Lloyd-Jones, and Caro 1988):
Identify the organization's current position, including present mission, long-term objectives, strategies, and policies.
Analyze the environment.
Conduct an organizational audit.
Identify the various alternative strategies based on relevant data.
Select the best alternative.
Gain acceptance.
Prepare long-range and short-range plans to support and carry out the strategy.
Implement the plan and conduct an ongoing evaluation.
This book synthesizes steps from the two approaches into four stages, as illustrated in exhibit 1.1.
The first stage is the environmental assessment, which focuses on the question, where are we now? It has three primary outputs:
Evaluation of competitive position, including advantages and disadvantages
Assumptions about the future environment
Distillation of key strategic issues to address
The goal of the environmental assessment is to determine how an organization may fare in the future given likely conditions and current position and to pinpoint the factors most critical to generating future competitive advantage.
The second stage of the planning process is organizational direction, followed by the third stage, strategy formulation. Stages 2 and 3 address the question, where should we be going? The main activity of the organizational direction stage is to define a desired future state by examining possible future external realities, mission, vision, values, and key strategies for the organization. Strategy formulation establishes goals, objectives, and major initiatives for the organization. The purpose of stages 2 and 3 of the planning process is to determine what broad future direction is possible and desirable and what future scope of services and position the organization will strive to achieve.
The fourth stage is implementation planning—how do we get there? This stage involves identifying the actions needed to implement the plan. Key activities include mapping out the tasks to accomplish the goals and objectives, setting a schedule, determining priorities, and allocating resources to ensure implementation. Implementation should begin as soon as possible after completion of the plan, if not during the final stage. Teams should ensure that commitment to ongoing monitoring of plan implementation and completion of periodic updates and revisions, as needed, are in place prior to finalizing the plan. Each stage of the planning process is discussed in detail in the following chapters.
BUT WHY STRATEGIC PLANNING?
Understanding Primary Criticisms
As referenced in the opening of this chapter, not all commentators agree that strategic planning is an effective way to set good strategy. Several criticisms and possible pitfalls commonly arise (the next section comprises a list of the latter), but three primary criticisms of strategic planning prevail:
It relies on past or current conditions and performance as relevant predictors of the future.
It yields a static output that is unable to account for dynamic realities.
The formality and prescriptiveness of the process may actually hinder the thoughtful reflection and forward-looking creative thinking that is critical to good strategy.
Note that none of the primary criticisms of planning actually preclude it from being a useful means to good strategy. Criticisms assume that certain attributes of planning are inherent or immutable, and that potential problems with some planning processes can be generalized to discredit the whole of strategic planning. As evinced in part in the following chapter and elaborated on in later chapters, these assumptions are not necessarily valid.
For example, consider the first of the primary criticisms noted previously—reliance on the past to predict the future. Yes, the practice of scanning the environment and the organization's performance and position requires using historical data. However, in a well-conceived strategic planning process, findings from analysis are not intended to be used as a basis to project forward. Rather, as described in chapter 6, historical data are just one input that must be contextualized based on assumptions about the future environment. This criticism falsely assumes that because planning could solely rely on past information to make decisions about the future, then it must necessarily do so, or that it could not be otherwise balanced by incorporation of future-oriented thinking.
The second criticism implies that strategic plans are not effective guides once the environment shifts or the organization undergoes change. This inference is logical if the planning process ended after strategy formulation and development of initial action plans; however, as described in chapters 9 and 10, an effective planning process establishes and activates a continuous implementation and plan management approach that ensures ongoing review and updates. These activities are typically sufficient to minimize the risk of plans becoming gradually less relevant and thus less useful over time.
The third criticism is more philosophical. It suggests that formal structures impede originality and therefore undermine strategic thinking. However, every artist works in a particular medium or media. Artists are constrained in some ways by the guidelines and tools of the chosen medium, but nonetheless express inspiration and imagination. A well-structured strategic planning process, as described in the remainder of this book, functions much like these guidelines and tools. It provides a framework to gather information, input, and insight supporting the development and implementation of effective strategy. Absent such a structure, an organization could theoretically get lucky, creating and executing great strategies, but it will be following a far riskier path that can more easily lead it astray.
Therefore, organizational leaders should focus on getting the strategic planning process right, not skipping it. While modifications to the comprehensive strategic planning process that this chapter previously outlined can be made, the fundamental logic behind and core steps of the planning approach should remain. Despite the ongoing debate over the efficacy and methods of strategic planning, it remains the most relevant means to develop strategy.