What is one goal associated with setting statistical targets in a healthcare strategic plan?

The goal of enhancing profitability is a critical focus in the context of setting statistical targets in a healthcare strategic plan. By establishing specific metrics and performance indicators, healthcare organizations can track and measure various operational aspects that directly impact financial performance. For instance, setting targets for patient volume, service efficiency, and revenue cycle management can help identify areas where improvements can lead to increased revenue and reduced costs.

Achieving profitability is especially important in the highly competitive healthcare environment, as it ensures that the organization can sustain its operations, invest in new technologies, attract quality personnel, and improve patient care services. Statistical targets provide a roadmap for decision-making and strategic initiatives that align with the overall financial health of the organization, making this goal a priority in strategic planning.

Other options, such as reducing employee turnover and expanding office locations, may indirectly contribute to profitability but do not specifically target the financial aspect as a primary goal. Increasing regulatory compliance costs is generally viewed negatively, as it represents an added burden rather than a goal to be pursued within a strategic plan.