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Grand Canyon University Managing Health Care Business Strategy Discussion

May 28, 2023

Assessment Description

What type of stakeholders need to be involved in a communication plan for your business plan? Provide a rationale.

Managing Health Care Business Strategy

Moseley, G. B. (2017). Managing health care business strategy (2nd ed.). Jones & Bartlett. ISBN-13: 9781284081107

Expert Solution Preview

Introduction:
A communication plan is an integral part of any business strategy, including healthcare. It involves identifying the key stakeholders and implementing an effective communication strategy to address their needs. In this answer, we will discuss the different types of stakeholders that need to be involved in a communication plan for a healthcare business strategy and why they are important.

Answer:
The following stakeholders need to be involved in a communication plan for a healthcare business strategy:

1. Patients: Patients are the primary stakeholders in healthcare businesses. They are the ones who receive the care and services provided by the business. It is important to involve patients in the communication plan because they can provide valuable feedback on the quality of care and services provided. By addressing their concerns and suggestions, healthcare businesses can improve their reputation and attract more patients.

2. Healthcare professionals: Healthcare professionals, including doctors, nurses, and other staff members, are an essential part of healthcare businesses. They play a vital role in delivering quality care and services to patients. Involving healthcare professionals in the communication plan can help to ensure that they are aware of any changes made to the business strategy. This can improve their performance and job satisfaction.

3. Shareholders: Shareholders are individuals or organizations that own a stake in the healthcare business. They are invested in the success of the business and have a financial interest in it. Involving shareholders in the communication plan can help to keep them informed of any changes or developments in the business strategy. This can help to maintain their support and ensure that they remain invested in the business.

4. Regulators: Regulators are government organizations that oversee and regulate healthcare businesses. Involving regulators in the communication plan can help to ensure that the business is compliant with regulations and that any concerns or issues are addressed in a timely manner. This can help to avoid legal or financial penalties and maintain a positive reputation.

In conclusion, involving a variety of stakeholders in a communication plan for a healthcare business strategy is essential for the success of the business. By addressing the needs of patients, healthcare professionals, shareholders, and regulators, healthcare businesses can improve their reputation, attract more patients, and ensure compliance with regulations.

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