Strategic Resource Allocation
Almost all hospitals face the issue of not having enough money to accomplish everything they would like to. So how does the board pick among winning ideas when it can’t afford them all? The resources needed to support operations and implement strategic initiatives can far surpass those available. What is the role of the board in establishing organizational priorities? How do you know which winning ideas are worth pursuing now? How can an organization tackle ambitious plans while ensuring that operations stay on track? The following tips for boards can help maximize the return on their organizations’ limited resources.