Sample Strategic Planning Spreadsheet Diagnostic Imaging Purchase & Hire & Train Install Staff MRI Revenue Year 1 Interventional $12,000,000 Year 2 $2,200, 000 $8,800, 000 $6,600, 000 $13,200 ,000 Total revenue $28,000,000 $30,800 ,000 $33,880 ,000 $4,200,000 $20,020 ,000 $4,410, 000 $154,00 0 $308,00 0 $616,00 0 $154,00 0 $308,00 0 $25,970 ,000 $4,830, 000 $22,022 ,000 $4,630, 500 $169,40 0 $338,80 0 $677,60 0 $169,40 0 $338,80 0 $28,346 ,500 $5,533, 500 $2,500,000 $0 $0 CT $2,000,000 MRIs General diagnostic $8,000,000 $6,000,000 Year 3 $2,420, 000 $9,680, 000 $7,260, 000 $14,520 ,000 Expenses Salaries $18,200,000 Supplies $4,200,000 Travel $140,000 Maintenance $280,000 Contracts $560,000 Marketing Miscellaneou s Total expenses $140,000 Net profit Capital outlay $280,000 $23,800,000 Strategies to Increase Volume Purchase and install a new MRI. Train or hire additional staff to operate new MRI. Increase marketing to physicians. Assumptions Increase in revenue/year Increase in salaries/year Increase in supply expense/year Travel as a % of revenue Maintenace as a % revenue Contracts as a % of revenue Marketing as a % of revenue Misc as a % of revenue Salaries as a % of revenue 10.0 0% 4.00 % 5.00 % 0.50 % 1.00 % 2.00 % 0.50 % 1.00 % 65.0 0% STRATEGIC PLAN PART I - ORGANIZATIONAL STRUCTURE Strategic Plan Part I- Organizational Structure LaQuenta Reynolds HCS/589 Health Care Strategic Management May 8, 2017 Dr. Julie Hayek 1 STRATEGIC PLAN PART I - ORGANIZATIONAL STRUCTURE 2 Strategic Plan Part I - Organizational Structure By definition, a strategic plan is designed to be used for 3 to 5 years or more. An Organizational Structure requires strategic planning for the organization to function properly. For this multi-week assignment, the health care organization I would like to develop and manage is called Heart2Heart Outreach. The intent of this paper is to explain the organizations governing structure by identifying the organization's mission, vision, and key values. It will also emphasize the importance of analyzing the framework of a strategic plan and the impact of governance on implementation of strategic goals. The strategic plan will also include the key leaders and their roles, including the Board of Directors, and the organizations major service delivery and support activities in its value chain. These factors are imperative when developing a new health care organization and ensuring the success of the company. Mission, Vision, and Key Values Heart2Heart Outreach Center is a nonprofit organization. Heart2Heart Outreach was established to ensure low income families receive quality health care. Our primary focus is providing care for both pre-existing, current, and ongoing conditions. Millions of people are either without health insurance or underinsured. Without nonprofit health centers and community clinics, which provide health services millions in need would go without care. Our goal is to expand access to primary care, educational services, prevention, and disease management. Heart2Heart Outreach is a multi-facet organization who services the community. Our mission is to create a safe and pleasant environment providing quality services to those who are in need. Our mission is to enhance the well-being of the community by providing high-quality health care services including health education and prevention with STRATEGIC PLAN PART I - ORGANIZATIONAL STRUCTURE 3 special emphasis low-income populations and the medically underserved. Our centers vision is to provide excellent medical services and housing for low income families with children. Framework of a Strategic Plan Strategic planning is the process of which an organization defines its strategy, or direction. Strategic planning helps an organizations management team develop goals and set priorities. This systemic process translates the organizations visions and transforms those objectives into reality. Heart2Heart Outreach strategic model practice the issue-based or goalbased planning model. Our issue-based or goal-based model ensures you are provided with compassionate, high quality, and evidence-based care. The SWOT analysis emphasizes this method, the stakeholders within our organization will identify and major concerns or goals in which the organization will focus and prioritize these issues and goals. We will then review the mission, vision, and values in order to update to make sure it is in line with the current issues and goals of the organization. Based on the review action plans must be developed on how to solve any issues or reach goals. The SMART model will be used for the goal implementation; STRATEGIC PLAN PART I - ORGANIZATIONAL STRUCTURE 4 Strategic Planning Model Our organization will implement its values based on the \"SWOT Analysis\STRATEGIC PLAN PART II Strategic Plan Part II- Environmental Analysis and Setting Strategic Goals LaQuenta Reynolds HCS/589 Health Care Strategic Management May 15, 2017 Dr. Julie Hayek STRATEGIC PLAN PART II Strategic Plan Part II- Environmental Analysis and Setting Strategic Goals By definition, a strategic plan is designed to be used for 3 to 5 years or more. An Organizational Structure requires strategic planning for the organization to function properly. As an organization it is important for Heart2Heart Outreach Center to conduct an environmental scan. The intent of this paper is to conduct a SWOT analysis, which will help determine performance gaps. The organization will assess its internal strengths and weaknesses and analyze the industry for opportunities and threats. An environmental analysis will disclose the organization's present and prospective customers and evaluate the impact of the following factors: Consumer and social, competitive, technological, economic, and legal and regulatory. These factors are important when developing a new health care organization and ensuring the success of the company. Our organization conducted a \"SWOT Analysis\University of Phoenix Material Sample Strategic Planning Spreadsheet Diagnostic Imaging Purchase & Install MRI Revenue Year 1 Hire & Train Staff Year 2 Year 3 CT MRIs General diagnostic Interventional $2,000,000 $8,000,000 $6,000,000 $12,000,000 $2,200,000 $8,800,000 $6,600,000 $13,200,000 $2,420,000 $9,680,000 $7,260,000 $14,520,000 Total revenue $28,000,000 $30,800,000 $33,880,000 Salaries Supplies Travel Maintenance Contracts Marketing Miscellaneous $18,200,000 $4,200,000 $140,000 $280,000 $560,000 $140,000 $280,000 $20,020,000 $4,410,000 $154,000 $308,000 $616,000 $154,000 $308,000 $22,022,000 $4,630,500 $169,400 $338,800 $677,600 $169,400 $338,800 Total expenses $23,800,000 $25,970,000 $28,346,500 Net profit $4,200,000 $4,830,000 $5,533,500 Capital outlay $2,500,000 $0 $0 Expenses Strategies to Increase Volume Purchase and install a new MRI. Train or hire additional staff to operate new MRI. Increase marketing to physicians. Assumptions Increase in revenue/year Increase in salaries/year Increase in supply expense/year Travel as a % of revenue Maintenace as a % revenue Contracts as a % of revenue Marketing as a % of revenue Misc as a % of revenue Salaries as a % of revenue 10.00% 4.00% 5.00% 0.50% 1.00% 2.00% 0.50% 1.00% 65.00% Operating Budget Heart2Heart Outreach Planning Spreadsheet Year 2017-2019 REVENUES Description Year 1 Year 2 Year 3 Clinic Revenue Lab Revenue Medications Revenue Procedures Revenue Less Contractuals Total revenue $163,800 $58,500 $39,000 $26,000 $114,920 $402,220 $180,180 $64,350 $42,900 $28,600 $126,412 $442,442 $198,198 $70,785 $47,190 $31,460 $139,053 $486,686 $60,000 $13,395 $28,182 $101,577 $62,400 $13,931 $29,309 $105,640 $64,896 $16,209 $30,481 $111,586 $4,590 $1,025 $2,156 $7,771 $4,595 $1,026 $2,158 $7,779 $4,600 $1,027 $2,160 $7,787 $10,222 $2,216 $666 $10,631 $2,305 $693 $11,056 $2,397 $721 $13,104 $122,452 $13,628 $127,047 $14,173 $133,546 Operating Expenses Supplies Food Misc. Supplies Medications Medical Supplies Office Supplies Printing Postage (UPS, Fed Ex, Postage) $100 $1,000 $5,000 $4,500 $500 $500 $500 $105 $1,050 $5,250 $4,725 $525 $525 $525 $110 $1,103 $5,513 $4,961 $551 $551 $551 Professional Fees Consulting (Accountant Fees) Audit Fees Legal Fees $1,000 $1,500 $1,500 $1,020 $1,530 $1,530 $1,040 $1,561 $1,561 EXPENSES Description Provider Salary (Total Salary) Receptionist Salary LPN Salary Total Salary & Wages: Provider FICA Receptionist FICA LPN FICA Total FICA: Unemployment Health Insurance Life Insurance Long Term Disability 401K Employer Contribution Total Additional Benefits: Licensing Fees Bank Fees Advertising Insurance Worker's Compensation Gen/Pro/Med Mal Umbrella Ins. D&O Ins. Professional Development Meetings & Conf. Memberships, etc. Travel & Entertainment Facility Telephone Regular Service Internet Access Utilities (Water,Electric, Garbage) Small Equip. & Tools Equipment Rental Capital Equipment Rent or mortgage Maintenance Total Operating Expenses: TOTAL EXPENSES: Net Income(Loss) Revenue-Expenses Capital outlay $300 $250 $5,000 $306 $255 $5,100 $312 $260 $5,202 $1,575 $15,000 $830 $1,000 $1,607 $15,300 $847 $1,020 $1,639 $15,606 $864 $1,040 $1,000 $300 $1,000 $1,500 $306 $1,500 $2,250 $312 $2,250 $1,800 $300 $5,000 $1,802 $300 $5,005 $1,804 $300 $5,010 $300 $1,200 $10,000 $7,200 $1,600 $300 $1,202 $10,020 $7,214 $1,603 $300 $1,204 $10,040 $7,228 $1,606 $69,755 $192,207 $49,526 $176,573 $74,729 $208,275 $210,013 Yearly Budgeted Amount $265,869 Yearly Budgeted Amount $278,411 Yearly Budgeted Amount $2,500,000 $0 $0 Strategies to Increase Volume Provide more services Train or hire additional staff. Increase marketing to physicians, for facility and services. Assumptions Increase in revenue/year Increase in salaries/year Increase in supply expense/year Travel as a % of revenue Maintenace as a % revenue Contracts as a % of revenue Marketing as a % of revenue Misc as a % of revenue Salaries as a % of revenue Salaries as a % of revenue 10.00% 4.00% 5.00% 0.50% 1.00% 2.00% 0.50% 1.00% 65.00% 65.00%