Question description

Healthcare organization financial planning: Write a 150-200 -word paper that describes the following:

– strategic planning and evaluating factors

Cite 3 peer-reviewed, scholarly, or similar references to support your paper.

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Also, format your paper according to APA guidelines.

Attached is the introduction for your review to help with the correct direction

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Healthcare organization financial planning

The financial planning process in a health care organization consists of a 4 step cycle that consists of: strategic planning, planning, controlling, and implementing.  Strategic planning occurs as the first step of the financial cycle and is used to develop and establish an organization’s budget guidelines.  Also, researchers define it as “the process of identifying a company’s overall mission, goals and key strategies, to achieve short and long term objectives.”(University of Phoenix, 2018).  In this paper, our team will discuss the relationship between strategic and financial planning.  Additionally, we will evaluate key activities for each part of the financial cycle.