Integrated Business Planning for Healthcare
Any crisis, whether a global pandemic or one confined to specific patients or hospital networks, tests the ability of a healthcare organization (and especially its executives and managers) to quickly respond to events by seizing opportunities, addressing problems or mitigating risk. Managing through a crisis demands action-oriented planning, but many healthcare organizations find this to be difficult. Executives need—but too often are unable to get—precise and timely answers to what-if questions so they can confidently assess trade-offs when making decisions. As a result, they have difficulty aligning the plans of various operating groups to respond to changing circumstances in a coordinated fashion. And the leadership and operations team cannot quickly translate those plans into a unified approach. The value of action-oriented integrated business planning (IBP) is most apparent in a crisis, but it is equally important to the success of a healthcare organization under any circumstances.