4-2 Short Paper: Alternative Strategic Plan

STRATEGIC ALTERNATIVES
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Strategy alternative refers to identifying other plans that an organization might follow. An organization needs to develop strategic alternatives to make the right choices concerning to the organization (David, 2011). It is important because it sets the direction in which resources in an organization will be channelled to achieve maximum goals (Kaissi & Begun, 2008). The alternatives help the managers in making strategic options which the organization can use to fulfil her mission and vision.
On the other hand, an organization in healthcare must create a strategic plan that is flexible. The most significant healthcare change may be regarding Medicaid. The laws regarding this policy are likely to change to incorporate more people into the system (Reagan, 2018). The changes are most likely to originate from the red states with the aim of expanding the number of people accessing the services. Expansion may have a more significant impact on Tufts. Already, the organization is suffering from an increase Medicaid subscription. Also, the reimbursement made by the Medicaid plan is way below the high cost of medication. The policy originates from the state level. The strategic plan set by Tufts must be flexible to accommodate the problems brought by increased Medicaid beneficiaries (Jack & Powers, 2004).
My recommendation for Tufts would be on the diversification of her services. Tufts can invest in the production of drugs and the profit be used to offset the expense the patients cannot pay (Zane, 2006).

The organization can also research on cheaper ways of treating the patients while maintaining the quality. The affordable care will help them in caring for the patients at minimum cost. The organization can think of practising home-based care where the patients who are not very sick can receive medical care at home. The two recommendations will help address the policy changes mentioned.
In conclusion, an alternative strategy is vital for Tufts. The organization needs to have more options to offset any loss especially after going through a period of loss-making for a period. Flexible planning will help Tufts to adjust to policy changes made at state level. I would recommend Tufts to diversify her services and use the profits to care for the excess Medicaid patients.
References
David, F. R. (2011). Strategic management: Concepts and cases. Pearson/Prentice Hall.
Jack, E. P., & Powers, T. L. (2004). Volume flexible strategies in health services: a research framework. Production and Operations Management, 13(3), 230-244.
Kaissi, A. A., & Begun, J. W. (2008). Strategic planning processes and hospital financial performance. Journal of Healthcare Management, 53(3), 197-208.
Reagan, M. D. (2018). The accidental system: Healthcare policy in America. Routledge.
Zane–Leading, E. (2006). Change at Tufts–NEMC.