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According to McLaughlin and Olson (2012), “a key component of effective operations is the ability to move strategy to action” (pg. 13). Once a health care organization has a strategy, it is then...

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According to McLaughlin and Olson (2012), “a key component of effective operations is the ability to move strategy to action” (pg. 13). Once a health care organization has a strategy, it is then necessary to select the accurate assessment tool to implement the strategy. Balance scorecards, strategy maps, and dashboards are three organizational assessment tools that are used frequently to move a strategy into action.

  1. Read the article, The balanced scorecard, strategy maps and dashboards: Why are they different? at the following link: http://www.cgma.org/magazine/2013/jul/ XXXXXXXXXXhtml
  2. Identify two (2) issues from the list of top issues confronting hospitals in 2016 published by the America College of Healthcare Executives (https://www.ache.org/pubs/research/ceoissues.cfm)
  3. Then choose one (1) tool (balanced scorecard, strategy maps, or dashboards) per selected issue and discuss (from a health care manager perspective) how you would use that tool to minimize the selected issue.

McLaughlin, D. B., & Olson, J. R. (2012). Healthcare operations management (2nd ed.). Chicago, IL: Health Administration Press.

I need 2-3 paragraphs, APA, 2-3 in-text citations, and 2-3 references

Answered Same Day May 05, 2020

Solution

Soumi answered on May 07 2020
142 Votes
Running Head: BALANCE SCORECARDS, STRATEGY MAPS, AND DASHBOARDS    1
BALANCE SCORECARDS, STRATEGY MAPS, AND DASHBOARDS     2
BALANCE SCORECARDS, STRATEGY MAPS, AND DASHBOARDS
Table of Contents
Two Major Issues Hospitals facing    3
Assessment Tools and their Implementation for Mitigating each Identified Issue    3
References    4
Two Major Issues Hospitals facing
    The American College of Healthcare Executives (2018) have identified the most serious concerns of the healthcare industry that require immediate attention for mitigation. As per its data generated in 2016-2017, the two most vexing issues, affecting the hospitals, are financial challenges and patient safety as well as quality, needing attention.
Assessment Tools and their Implementation for Mitigating each Identified Issue
    As it has been noticed that one of the chosen...
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