An organizations strategy is always closely aligned with its mission, vision, and values and may even lead to an occasional reassessment of them. Finding strategic opportunities to bolster the organizations position against competitors is an important focus for a healthcare organization. Your healthcare organization may have a person or team in charge of identifying strategic opportunities, developing strategic interventions, and applying the strategy. Everyone in an organization must understand the goals and how their role plays a part in implementing them. As a healthcare leader, you will likely be involved in strategic planning and deciding which opportunities to pursue. You must also clearly communicate your organizations strategic direction to people inside and outside your workplace. An effective strategy can elevate an organization’s potential for growth by supporting cost-effective practices that increase value and deliver accessible, quality care.
In this capstone assignment, you will analyze a strategic opportunity and assess its relationship to value creation. In Module 22, you considered some examples of strategic options, including pre-service value, point-of-service delivery, after-service delivery, or value-added support services. You may refer to any of these or another financial initiative undertaken by your organization or by Kaiser Permanente.
You are welcome to use material from previous playbook assignments to complete this capstone assignment. For example, your response to Required Discussion 22.2: Identifying Strategic Opportunities in Module 22 will provide a good foundation for completing this assignment because, in that discussion, you identified a strategic opportunity within your organization (or at Kaiser Permanente), and you began to analyze how it impacts value.
To complete this assignment:
- Review .
- Review Module 22.
- Recall that and that improving access is also an aspect of quality improvement.
- Write a two-to-three-page analysis that answers the four questions below.
The optional reading below will give you ideas about strategic opportunities in healthcare and help you think about the relationship between strategy and value creation:
- (Phelps et al. 2021)
Answer these four questions in your response:
- Describe a strategic opportunity from your current organization (or from Kaiser Permanente), and discuss at least one way it relates to the three value components: quality, access, and cost. Note that it may not directly impact all three elements. For any of the three that it doesnt affect, give at least one reason why.
- Describe at least one way the effectiveness of this initiative is being assessed or could be assessed, and share related data if it is available.
- Describe at least two things about the initiative that work well. If the initiative is just launching or planned for the future, describe at least two things you would focus on, as a manager, to ensure further success in creating value.
- Describe at least one thing that could be improved and at least one way it could be improved. If the initiative is just launching or planned for the future, describe at least two possible pitfalls you need to prepare for.
Submission instructions:
- Write your response, and save it as a PDF or Word document.
- Please name your file Capstone-24.7-FirstName-LastName.
- Click the Start Assignment button.
- Upload your saved file.
- Click the Submit Assignment button.
- IMPORTANT: Please review the rubric below for details about how your submission will be evaluated before you begin work on it.
- Note that a score of “Excellent” requires that you exceed the basic assignment requirements.
The average completion time for this activity is 1 hour 20 minutes.
This is a required assignment and counts toward program completion.
Your Assignment Submission
| Upload a file, or choose a file you’ve already uploaded. | |
Rubric
Required Capstone Assignment 24.7: A Strategic Opportunity for Value Creation
| Criteria | Ratings | Pts | |||
|---|---|---|---|---|---|
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This criterion is linked to a Learning OutcomeDescribe a strategy-related initiative from your current organization (or from Kaiser Permanente), and discuss at least one way it relates to the three value components: quality, access, and cost. For any of the three that it doesnt affect, give at least one reason why. |
|
5 pts |
|||
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This criterion is linked to a Learning OutcomeDescribe at least one way the effectiveness of this initiative is being assessed or could be assessed. |
|
5 pts |
|||
|
This criterion is linked to a Learning OutcomeDescribe at least two things about the initiative that work well. If the initiative is just launching or planned for the future, describe at least two things you would focus on, as a manager, to ensure further success in creating value. |
|
5 pts |
|||
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This criterion is linked to a Learning OutcomeDescribe at least one thing about the initiative that could be improved and at least one way it could be improved. If the initiative is just launching or planned for the future, describe at least two possible pitfalls that a manager should prepare for. |
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5 pts |
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Total Points: 20 |
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