Strategic Planning Video Series: Ensure You Have the Right Resources

September 21, 2021

The final installment of the 5-part video series on strategic planning.

Performance Transformation

As we continue our video series on strategic planning, here are the five steps to strategic planning Aimee and Taylor will cover within the series.‍

Coker’s Approach to Strategic Planning in Five Steps

Understand the Starting Point
Focus on the Endpoint
Outline Your Course
Set Mile Markers Along the Road
Ensure You Have the Right Resources

‍

Step 5: Ensure You Have the Right Resources

During the first four videos of the series, Aimee and Taylor discussed the process of developing and implementing a strategic plan. But none of this is possible without an excellent team.

In the second video, they discussed the teams needed to create the vision. You can also leverage these teams for the execution! You should consult with your employees about the goals to ensure you get broad feedback. You also may want to consider outside help (such as consultants) or at least ensure a team member feels responsible for the plan.

Second, you need adequate funding and corporate support. Having a solid plan in place will make it easier to drive this support.

Watch Episode 5: Ensure You Have the Right Resources for the details of putting your team in place and making it part of your culture.

Social Share

Contributors

Taylor Cowart, MBA

Senior Manager

Share this post

Related Insights

View All Insights

Anesthesia Subsidy Strategy: Ensure a Strong Support Structure is in Place

85-95% of all hospitals directly or indirectly subsidize their anesthesia services.

Understanding Call Pay Compensation Methods

Structure call coverage arrangements to comply with regulations.

External Value-Based Incentives - What Should You Do With Them?

Major Changes to Split/Shared Billing Affect Advanced Practice Providers and Physicians

6 key effects of the split/shared billing changes.

Another Blow for Hospitals: The Ongoing Battle of Site Neutral Payments

IT Assessments: An Essential Initiative

EHR Ease of Use - Does it Exist and How do we Define it?

Planning and Managing Provider Compensation: A Checklist-Based Approach

Streamline provider compensation management with actionable steps to improve compliance and transparency.

Key Elements of a Cyber Liability Insurance Policy for Healthcare Providers

8 areas to cover when considering cyber liability insurance.

Avoiding Four Common Pitfalls in Revenue Cycle Management

CrowdStrike Outage Impacts US Healthcare: Protecting Healthcare Organizations

Protect Your Healthcare Organization from IT Disruptions: Learn from the CrowdStrike Outage

Physician Documentation: My, How Times Have Changed!

Achieve Quality Improvement through IT Integration

Webinar - Bundled Payments: What All Providers Should Know About This Emerging Payment Model

Are Single-Specialty CINs as Valuable as Multispecialty CINs?

Benchmarking to Perfection

CMS Publishes CY2021 Final Rule

Our Remote Workforce is Here for You

Moving Forward With MACRA: A Review of Progress, Changes, and Preparation

Three Critical Keys Before Opening a Physician Recruitment Search

Healthcare Consulting Firm, Coker, Announces Acquisition of NorthGauge Healthcare Advisors

Interim Management: What Makes it Effective?

Maximizing Reimbursement in the Telemedicine Environment

Coker Elevates Talent with 2024 Team Member Promotions

Promotions are effective April 1, 2024.

Physicians in Practice: Ways to Align and Remain Independent

Corporate entities now employ 3 out of 4 physicians.

2018 Updates to Macra

Physician Compensation Technology Partnership Redefines Value

A Letter from the President/CEO: COVID-19

The ICD-10 Freeze is Over: 2017 ICD-10-CM/PCS Coding updates and the Impact on Clinical Documentation Improvement

AAPCP Launches New CPCV Credential to Set Standards in Provider Compensation Valuation

CPCV Credential Empowers Healthcare Organizations with Data-Driven Compensation Strategy through Certified Experts

Innovative Alignment Options for Rural Hospitals

E/M and ME: How will the 2021 E/M coding changes impact medical practices?

Patient Access

When is it Time to Switch your EHR?

Don’t Write-Off Timely Filing Denials

Practice administrator recovered over $60,000 in unpaid claims that would have otherwise been written off.

Interim Management Solutions: Take Time to Pursue the Right Hire

Charting a Roadmap to Financial Sustainability in an Increasingly Subsidized World

Creating Balance Between Clinician Needs and Cybersecurity Policies

Practice Management: An Integrated Approach to Short- and Long-term Improvement

Employee Incentive Programs in an Era of Change

Leadership Development and Succession Planning

Never Lose a Step while Filling a C-Suite Vacancy

Understanding Value-Based Compensation Models

How should physician compensation models evolve with the shift toward value?

Clearing the Air on Professional Services Agreements (PSAs)

The best alternative to hospital employment.

Professional Services Agreements as an Alternative to Employment: A Contemporary Option for Alignment and Integration

Sourcing Candidates: How to Identify Qualified Leaders

Expanded Guidance from CMS for Telehealth Services Provided at Rural Health Clinics and Federally Qualified Health Centers During the COVID-19 Public Health Emergency

CDI – It’s No Longer Just About Inpatient Services

Health System Practice Investment: What’s the Cost?

Hospitals’ multi-specialty physician groups invested almost $196,000 per employed physician.

Implement Healthcare Leadership Development to Maximize Profitability

Hospital-Physician Disengagement – Say that Again?

Developing a Physician Leadership Strategy

Coker ValuePath™ Services: Successfully Navigate the Path to Value

The Year in Review

So Your Healthcare Organization Survived COVID, What Comes Next?

Perform an operational and strategic review.

Five Steps to Building a "MACRA Ready" Physician Compensation

Announcing the Acquisition of Healthcare Consulting Firm, TTG Healthcare Advisors

Physician Shortage of 139,000 Projected by 2033

Why Every Healthcare Organization Needs a CIO

Interim Management: Allow your Organization Time to Find Expert Leadership

Announcing our New Book on Private Equity and Healthcare

Press Release: Coker Team Authors New Book on Private Equity and Healthcare

Strategic Planning Video Series: Understand the Starting Point

PSA Progression: What’s Next in the Evolution of Professional Services Agreements?

Strategic Planning Video Series: Focus on the Endpoint

Build, document, and summarize your vision.

Revenue Cycle: Is Your Process Healthy? The Numbers May be Misleading!

Do M&A Deals Really Result in Long-Term Value Creation? Increasing Your Odds of Success

Vendor Selection and Negotiating EHR Vendor Contracts

Has Your Practice Had an Annual Exam? Check These ‘Vital Signs’ to Assess the Health of Your Operations

How Is Inflation Affecting the Reimbursement in Your Managed Care Agreements?

Total inflation was 8.5% for the twelve months ending on March 31, 2022, a 41-year high.

Revenue Cycle Management-How Well is Your Practice?

Address Community Need with Physician Income Guarantee Arrangements

Physician income guarantees are not just good for the physician.

Prepare Your Organization for Unexpected Leadership Gaps

12 Mistakes Executives Make on Resumes (and How to Avoid Them)

Avoid making common resume mistakes that put your resume into the “no” pile.

CMS Issues 2023 Physician Fee Schedule Final Rule

The conversion factor will decrease by 4.5%.

MACRA and MIPS in Physician Practice Valuations

Challenges of Clinical Documentation

Building a High-Performing Physician Enterprise

Deliver more value in healthcare as a high-performing physician enterprise.

Going Beyond EHR: Leveraging AI and Digital Transformation Strategies

Unlocking the Future of Healthcare: How AI and Digital Transformation Enhance EHR Capabilities

Bridging the Gap from Fee-For-Service to Fee-For-Value (Without Losing Your Mind)

Compensation Best Practices for Physician Enterprises

Incorporating Value-Based Metrics into a Physician Compensation Plan

Survey Says… How 2020 Will Impact Market Survey Data

When new survey data becomes available, don’t just go with “survey says!”

What Are Your Margins? Owing to MACRA/MIPS, They Soon May Change

Revenue and Quality Integrity: A Comprehensive Approach to Coding, Compliance, and Clinical Documentation

Medicare Access and Chip Reauthorization Act: What You Need to Know About MACRA

The Dangers of an Unstable IT Infrastructure

Chief Information Officers: Exceptional Leaders Address their Sub-Cultures

How the CY 2022 PFS Final Rule Affects Split/Shared Visits and Critical Care Services

On May 3, 2021, CMS withdrew provisions for split/shared E/M visits and critical care services from the Medicare Claims Processing Manual IOM

Revenue Cycle Management – Look Out for the Red Flags!

Why is a Fair Market Value/Commercial Reasonableness Opinion Important for Value-Based Enterprises?

FMV/CR documentation ensures market and economic reasonability.

EHR Documentation Integrity Risks: Ten Ways to Stay Compliant

Solidifying Organizational Development: Identifying and Retaining Leadership for Your Organizational Culture

Coker Interviews AHLA President Rob Niccolini

Use a Checklist to Track Documentation of Community Need

Coker Elevates Talent with Fall 2024 Team Member Promotions

Promotions are effective October 1, 2024.

Missing Links of Revenue Cycle Management

The Growing Issue of Compensation Governance

It’s Always a Good Time to Clean Up Your Vendor Contracts

Contracts can renew automatically without permission or approval.

Increase Operational Efficiency Through Scheduling Options

Lawmakers Grapple with Artificial Intelligence Regulation as Popularity and Utilization Grow

ChatGPT could improve providers' productivity