2020 strategic planning strategy, part 2: Avoid threats to your business, pursue strengths

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Note:  The following article synopsis was NOT provided by HCPro. It was created by Find-A-Code/innoviHealth.

Article Overview

This business-focused article for medical practice leaders and clinicians continues a 2020 strategic planning series by exploring how to anticipate market and partnership threats and how a new solo practice approaches early operational decisions. It highlights general planning themes such as competition, payer relationships, credentialing, budgeting, staffing, and practice development, with comments from physician leaders and a start-up practitioner.

Why This Topic Matters

Medical practices face rapid changes in competition, payer arrangements, and operational demands. This article is relevant to readers who want a broader understanding of how strategic planning concepts can support practice stability and growth.

Article Sections

  1. What’s the threat?

    Introduces the article’s discussion of external risks and strategic planning considerations for a medical practice. Covers broad themes such as competition, payer relationships, and changing business arrangements.

  2. From the front lines

    Describes a solo-practice startup perspective and early practice-management experiences. Focuses on general operational topics including office setup, credentialing, budgeting, staffing, and patient acquisition.

What You Will Learn

  • How strategic planning can account for external threats in a medical practice
  • Why partnerships and market changes matter to practice planning
  • What early operational issues a new solo practice may need to consider
  • How a start-up physician approached budgeting, staffing, and growth
  • General practice-management themes shared by physician and consulting sources

Who Should Read This

  • Physicians
  • Practice managers
  • Medical group administrators
  • Healthcare business leaders
  • Solo practitioners
  • Healthcare consultants

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