Identify one example of an event that has changed the operations of your organization or an organization with which you are familiar with.

A major activity of the strategic financial planning process is an assessment of the organization’s external and internal environments. The external environment of most healthcare organizations is quite complex, and an environmental analysis must include surveying the international, national, regional, and local environments for changes that may occur in a variety of areas including the economy, regulation, technology, and health status of populations. Failing to thoroughly and correctly assess even one of these domains could lead to major problems for the organization. To prepare for this: Identify one example of an event that has changed the operations of your organization or an organization with which you are familiar with. If you are not currently working in a healthcare organization (HCO), you may choose a case study from a reliable source from which to work. Review this weeks Reading and Learning Resources. ***Write a cohesive response to the following: Why “Financial Management” is considered one of the key core competencies for healthcare executives to have? Assess how financial management can help healthcare leaders and their organizations become more competitive and viable eventually? Aligning Hospital Strategy and Finance for Success with New Business Initiatives https://www.hfma.org/Content.aspx?id=43472 6 Steps for Effective Use of Peer Comparisons and Analytics https://www.hfma.org/Content.aspx?id=62570 Zuckerman, A. M. (2014). Successful strategic planning for a reformed delivery system. Journal of Healthcare Management, 59(3), 168-72. Understanding Hospital and Health System Consolidation https://www.aha.org/news/blog/2018-02-14-understanding-hospital-and-health-system-consolidation

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