Recommendation on Prioritizing Ambulatory Services in Strategic Plan

Finance Memo
Daniel Osei
Excelsior College

Memorandum
Chief Executive Officer
From: Daniel
Subject: Recommendation on the service area to be prioritised in strategic plan
Sir/Madam,
The objective of MHS is to provide prevention from diseases rather than treatment of
them. The organisational goal is succeeded as it has been able to reduce the number of people
staying in the hospital in a year by 1000 patients, but the number of in-day surgery patients
has increased by 50000 people per year. Which directly displays the organisation is
performing its duties in a correct and constructed manner. Being a senior manager, it is my
responsibility of recommending the strategic planning and prioritising the identified the areas
of services that the chief financial officer and the other seven senior vice presidents must
concentrate (Addison, 2017).
Strategic planning:
The objectives must be fulfilled in the coming five years of service. I propose to prioritize the
ambulatory services. The CFO of the organisation will appoint one senior vice president to
identify the best ambulatory service available in the market and what are key benefits and the
deficiency that are engaged in the services. After identifying the best way, they will identify
the incidental cost of application of the service, and they must commit that how the patients
of the Metropolis will be benefited. Therefore, the CFO and other seven vice presidents must
commence their five-year strategic planning by introducing a well-constructed and quality
ambulatory service to the patients. In the ambulatory service, the management need to
estimate a budgeted statement and fix the charges in such way so that the management is able
to earn 30 % gross profit from the service. The other charges of operation will include payroll
cost, support service, operating room emergency service which will cost additionally 30%
more on the current cost of operation.
Ambulatory service:
The word “ambulatory service” contains the diagnosis, observation, consultation,
treatment, intervention, and rehabilitation services as the part of Medicare service that are
being provided to a patient who needs health care services for the illness or for getting injured
by the treatment of a physician. The organisations’ objective is they want to reduce the need
of hospital admission of the patients by implementation the ambulatory services and the
inpatients care such as diabetes or COPD, by providing the ambulatory service, much
medical investigation and treatment procedure can be performed in against of chronicle
illness and preventive health care. Minor surgical and medical treatment are sheltered under
ambulatory service like dental service, dermatology service and minimal services that are
require less medical procedures. Blood test, x-ray, ultrasonography, ECG and other services
are considered as the ambulatory service (Buchanan, 2014). By this the organisation can
shorten the process of treatment and by conducting regular blood test, urine check-up, fasting