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Health care economics and strategic planning

Many health care organizations use SWAT analysis when determining their strategic plans. What economic tools are used in organizational strategic decision process? How does this help make strategic business decisions as well as reaching the goal of providing optimal health care services?

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Let's begin with a basic understanding of strategic planning. Strategic planning is the core of any business especially in health care. It is the overall planning of facilitating the good management of a process by providing a big picture of where the business is heading. Planning is important in any organization as it enables to define objectives and assess both internal and external situations to formulate strategy, implementation, and progress of the strategy. ...

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This solution provides the student with a succinct, yet comprehensive answer about health care economics and strategic planning consisting of approximately 260 words and one reference.