Staying on course with strategic metrics

Providers need to understand the various types of metrics, the importance of each type, and how to use them effectively. Providers should use strategic metrics to monitor implementation of their organization's strategic plan. To overcome obstacles to successful use of strategic metrics, provide...

Full description

Saved in:
Bibliographic Details
Published in:Healthcare financial management 2006-05, Vol.60 (5), p.86-93
Main Authors: Krentz, Susanna E, DeBoer, Aaron M, Preble, Sasha N
Format: Article
Language:English
Subjects:
Business metrics
Corporate culture
Economic Competition
Efficiency, Organizational
Financial Management, Hospital - organization & administration
Guidelines
Guidelines as Topic
Health administration
Health care
Health care industry
Leadership
Market shares
Organizational Objectives
Strategic planning
Success factors
United States
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Providers need to understand the various types of metrics, the importance of each type, and how to use them effectively. Providers should use strategic metrics to monitor implementation of their organization's strategic plan. To overcome obstacles to successful use of strategic metrics, providers should communicate the organization's strategic intent, establish accountability for achieving the targets, and ensure buy-in through review of metrics and involvement of appropriate people.
ISSN:0735-0732