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Week 2 – Discussion 3

Using the skills and competencies learned in in HAD 521: Health Care Financial Management II, assess the importance of strategic financial analysis relating to decisions to reduce or add a program/service to a health care organizations portfolio. Reference Zuckerman (2012) Chapter 3 and Appendix in your response.

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Strategic financial analysis is a necessary part of strategic planning for the healthcare organization always. Financial analysis and planning should never be stopped for the overall organization and each specific department of the organization. Integrating strategic planning and financial planning is the best way for health care organizations to ensure their budget allocations are appropriately targeted to long range solutions (Niles, 2011). Before the planning starts financial data needs to be evaluated for the healthcare organization. The data will be determined to leadership the condition of the company financially (Harris, 2018). Once this

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