Strategy Formulation and Execution - Essay Example

The first approach would be to audit all processes involved from ordering material from suppliers, delivery, and logistic processes to reviewing all lead times. Additional machinery or workforce may be added where the review points to such problems. Streamlining processes would ensure supplies are done well in advance, delivery of all necessary equipment and material completed where necessary before starting the project, and eradicating any lead time that may surface from these processes. Logistical processes in most cases may lead to delays.

Next would be to review the conditions of the workforce and machinery with a view of establishing any weaknesses and with a view of adding more workers or machinery where necessary. After all the review of processes, next would be to ensure manpower and equipment are utilized at an optimum level to maximize their utility in the project and cut the time required for delivery of such a project. 4.The graph above portrays the trends in demographic and revenue changes based on patients below and above 65 years of age who are under Medicare.

The revenue in thousands portrays a drastic decrease in the Medicare revenue based on a rapidly increasing number of patients above 65 years. Patients in this category as the chart shows are rapidly increasing compared to those less than 65 years who as the graph portrays have a gradual increase. There is therefore a need to address the revenue drop considering that by 2017 as the graph shows, Medicare costs will have increased to considerable levels as more people over 65 years age category. 5. Legal issues will be provided to the regular staff through several means.

This may be through circulars to their respective departments, use of posters inappropriate notice boards, and routine staff briefings in respective departments. For example, the Hospital and Health Policy department in 2009 published notification requirements for breaching protected health information and the fines attached. This legal issue would be best conveyed through notice boards in departments and regular staff briefings. The false claim act is another legal issue, particularly in Medicare.

Legal issues regarding any involvement in fraud would be better passed to regular staff through personal forms where each regular staff counter signs adherence to these legal issues.