Financial and Strategic Planning Coursework Example | Topics and Well Written Essays - 500 words

Financial and Strategic Planning - Coursework Example s; (1) patients are adopting a much healthier and generally safety conscious lifestyle, or, (2) patients are dissatisfied with the services offered and therefore opt to seek these services elsewhere. There is need for a physical survey and assessment of this situations as it may pose a legitimate threat to the operations of the medical institution. This situation can be remedied by the use of a more intensive marketing strategy that is well within the boundaries of ethics. This is to ensure that the general public is informed of all the services that Franklin Healthcare provides. There is great need for the introduction of medical facilities that employ modern day technology. This is essential in helping the hospital expand its operations and the services it offers to its clients. These new services will require increased expenditure on hospital equipment, specialized and highly qualified staff and the infrastructure development to support the expansion of services offered. Franklin Healthcare may potentially increase its services to the customer by developing new services that are geared towards increasing healthcare knowledge for its clients and the general public. This would potentially increase the number of clients that the institution receives. The facility appears to be financially healthy. This is owing to the fact that the larger part of its income, 50%, is generated from business with third-parties as opposed to dependency on patient revenue and/or grants and investments. Furthermore, according to the information provided, Franklin Healthcare spend less than 1% of its revenue. This is an indication of financial stability in the case of the institutions performance. The Grant is a considerable portion of the hospitals revenue. However, considering the financial position of the hospital, it is evident that the Hospital does not require the grant to remain operational. Furthermore, the 25% represents the grant and the institution’s investments. This