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Hospital Strategic Planning Name Institution Affiliation Abstract The existence of poor strategic planning in the healthcare has caused several problems in the health sector resulting in the limitation in cash flow. Some of the factors that result in the hindrance of the cash flow include the bad debt that the patients have due to the services that are done on credit, the purchase of huge stocks as well as the starting of the long-term projects that use a lot of the cash in the hospital among others. The best ways in which the bad debt can be solved is through the introduction of the health insurance coverage for the patients. On the other hand, the stock should be purchased depending on their demand. And finally, the management should ensure that appropriate budget is done so that the there is adequate cash flow in the healthcare system so that quality services are provided to the patients at the recommended time. These factors lead to satisfaction of the employees and also an increase in the number of patients to be treated. Introduction Strategic planning plays a major role in the activities done in the hospital especially as the cash flow is concerned. The factors that hinder cash flow include the mode of payment done by the patients, the management of books of account as well as the purchase of the stock used in the in the hospital. These problems can be solved through proper planning, appropriate budgeting and even involving the management adequately to ensure that quality services are delivered to the patients as required. Problem definition The main problem that exists in the hospital setting is the inadequacy of the cash flow in the system. Several
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