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NURS FPX 8010 Assessment 2 Strategic Plan Appraisal

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    NURS FPX 8010 Assessment 2 Strategic Plan Appraisal

    Student Name

    Capella University

    NURS-FPX 8010 Executive Leadership in Contemporary Nursing

    Prof. Name

    Date

    Strategic Plan Evaluation

    A strategic plan serves as a guiding framework in healthcare, enabling organizations to envision and plan for the future (Fry & Baum, 2016). This analysis critically examines the strategic plan implemented by the Department of Veterans Affairs (VA), the overseer of the largest integrated healthcare network in the United States, catering to over 9 million Veterans annually (Department of Veterans Affairs, 2022).

    Analysis of the Strategic Plan

    The mission of the VA is to honor and serve American Veterans, guided by core values such as Integrity, Commitment, Advocacy, Respect, and Excellence (U.S. Department of Veterans Affairs, 2021b). The 2022-28 Strategic Plan outlines four goals, 13 objectives, and 75 strategies to fulfill this mission (Department of Veterans Affairs, 2022). Key priorities, including trust, communication, and accountability, are intricately integrated into the mission and core values, forming the foundation for maintaining relationships, transparency, and commitment to serving Veterans.

    Validity of Data and Analytical Strategies

    The VA employs a meticulous analytical approach, utilizing gap analysis and workshops to identify current and desired states (Department of Veterans Affairs, 2022). The strategic plan emphasizes the use of customer experience data, population-level statistics, and analytics to inform decision-making. Strategic Goal 4 underscores the commitment to managing data as a strategic asset, with Objective 4.2 specifically highlighting the role of the Office of Data Governance and Analysis.

    Stakeholder Input

    Stakeholder consultation, involving senior leaders, Federal agencies, Veteran Service Officers, members of Congress, employees, Veterans, and caregivers/families, plays a pivotal role in shaping the VA’s strategic plan (Department of Veterans Affairs, 2022). The feedback from stakeholders is integral to driving change and achieving Strategic Goal 3, which focuses on creating a culture of accountability driven by ethical behavior and trust.

    Balanced Scorecard

    The VA utilizes a Balanced Scorecard (BSC) as part of its strategic planning process, addressing financial, customer, internal business process, and learning and growth perspectives (Kaplan, 2020). Financial initiatives include the implementation of the Financial Management Business Transformation program. Customer-centric efforts aim to enhance the Veteran experience and provide multilingual communications. Internal business process improvements involve digital modernization and harmonized online experiences. Learning and growth initiatives focus on continuous development, as evident in leadership training programs.

    Conclusion

    Strategic planning is imperative for healthcare organizations to establish a path for achieving critical goals and ensuring a unified direction (Association of American Medical Colleges, 2022). The VA’s strategic plan underscores its commitment to mission-focused outcomes, customer satisfaction, and fostering a culture of trust, safety, accountability, and transparency.

    References

    Association of American Medical Colleges. (2022). Strategic planning. https://www.aamc.org/professional-development/affinity-groups/gip/strategic-planning

    Department of Veterans Affairs. (2022). Fiscal years 2022-28 strategic plan. http://www.va.gov/oei/docs/va-strategic-plan-2022-2028.pdf

    Fry, A., & Baum, N. (2016). A roadmap for strategic planning in the healthcare practice. The Journal of Medical Practice Management, 32(2), 146–149. https://www.proquest.com/docview/1836565558?accountid=27965

    Kaplan, R. S. (2020). Using the balanced scorecard for successful health care M&A integration. NEJM Catalyst, 1–8. https://doi.org/10.1056/CAT.20.0286

    U.S. Department of Veterans Affairs. (2021a, March 23). Data governance and analytics. https://www.va.gov/oei/about/data-governance-analytics.asp

    U.S. Department of Veterans Affairs. (2021b, March 26). About VA: Mission, vision, core values & goals. https://www.va.gov/about_va/mission.asp

    NURS FPX 8010 Assessment 2 Strategic Plan Appraisal