An article from HomeCare magazine entitled, "12 Steps for Developing & Driving Stronger Business Strategies," provides an in depth look into ways to improve, optimize, and strengthen your home care business. The article draws on a number of interesting sources to illustrate each point and even quotes Benjamin Franklin's famous line about planning.
The article is an easy read though it also offers detailed information that I feel any business could benefit from.
You can read the entire article by clicking this link here, but as a start, here are the bullet-points for your consideration:
Assess where you are currently
Create a vision of where you want to go
Develop a mission statement
Identify core competencies
Conduct a SWOTT assessment
Identify the strategic issues that need to be addressed
Set goals that address strategic issues
Take an incubation period
Identify key performance indicators
Identify the actions or projects that will be undertaken
Identify specific responsibilities
Make sure there are names, responsibilities, key performance indicators and targets for each goal
If you have any thoughts on the article that you'd like to share or ideas for strategic planning that you'd suggest, please feel free to share in the comments section. Also, if you do try the approach presented in the article, please feel free to share your experiences with it and how it affected your business.
If you'd like to learn more about managing a Home Care business, please download Ankota's free e-Book by clicking the link below:
Ankota provides software to improve the delivery of care outside the hospital, focusing on efficiency and care coordination. Ankota's primary focus is on Care Transitions for Readmission avoidance and on management of Private Duty non-medical home care. To learn more, please visit www.ankota.com or contact us.
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