Market-stage analysis enhances strategic planning.
Changing market conditions are challenging healthcare organizations to determine how to allocate resources and make operational planning decisions to prepare for future changes. A vital part of meeting these challenges is understanding the impact of market stages, and using that knowledge to build effective business strategies. Financial modeling that includes market-stage information provides insight into market opportunities and presents a clearer picture of the organizational changes that will need to be implemented at each stage. Effective strategic action should take into account critical success factors in market responsiveness, organizational responsiveness, operational effectiveness, and financial strength.
McDonald
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RB
Coopers & Lybrand LLP, Chicago, IL, USA.
D000066:Accounting; D002201:Capital Expenditures; D003365:Costs and Cost Analysis; D004465:Economic Competition; D005376:Financial Management / Q000379:methods*; D015276:Health Care Rationing / Q000191:economics*; D019981:Health Care Sector; D006279:Health Maintenance Organizations / Q000191:economics*; D008389:Marketing of Health Services; D017059:Models, Econometric; D010934:Planning Techniques; D014481:United States