Problem
The business plan of a healthcare organization describes the purpose of the HCO and lends structure to its organizational goals. The strategic plan is used as a directional guide.
Review the recommended article by Varkey and Bennet (2010). Answer the following questions:
• What is the difference between a healthcare organization's business and strategic plan? Be sure to include the purpose of each plan and how they relate to one another.
• Why is it important for a healthcare organization to develop a strategic plan?
Include in-text citations and references for at least two scholarly sources.
Reference
Varkey, P., & Bennet, K. E. (2010). Practical techniques for strategic planning in health care organizations. Physician Executive, 36(2), 46-8.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.