Courses Details
HMP678: Strategic Management In Healthcare
- Graduate level
- Executive Masters
- Fall term(s) for Executive Masters students;
- 2 credit hour(s) for Executive Masters students;
- Instructor(s): Simone Singh (Executive Masters);
- Prerequisites: None
- Advisory Prerequisites: HMP 600, HMP 601 and HMP 603
- Description: This course explores the dynamic intersection of healthcare and strategic management. Students will gain insights into industry trends, stakeholder dynamics, and ethical considerations and develop practical skills in strategic planning, applying tools, and assessing performance metrics to lead healthcare organizations effectively in an ever-evolving landscape.
- Learning Objectives: Explain the concept of strategic management and its relevance in the healthcare industry. Identify key components of strategic management specific to healthcare organizations. Evaluate current trends and challenges in the healthcare industry that impact strategic decision-making. Assess the influence of external factors such as regulatory changes, technological advancements, and demographic shifts on healthcare strategy. Describe the various stakeholders in the healthcare sector and analyze their roles and interests. Examine the impact of stakeholder relationships on strategic planning and execution in healthcare organizations. Apply SWOT analysis to assess the internal strengths and weaknesses as well as external opportunities and threats of a healthcare organization. Utilize the SWOT analysis findings to inform strategic decision-making. Formulate a comprehensive strategic plan for a healthcare organization, considering its mission, vision, and values. Demonstrate the ability to set SMART (Specific, Measurable, Achievable, Relevant, Time-bound) objectives for healthcare initiatives. Use tools such as PESTEL analysis, Porter's Five Forces, and scenario planning in the context of healthcare strategy. Apply strategic management frameworks to solve real-world problems faced by healthcare organizations. Identify and select key performance indicators (KPIs) relevant to healthcare organizations. Analyze performance metrics to assess the success of implemented healthcare strategies.
