Strategic Alignment in Multispecialty Hospitals Integrating a Balanced Scorecard for Superior Performance Management

Abstract

The purpose of the research is to determine if there is a correlation between multispecialty hospitals' strategic alignment, BSC adoption, and OP. Five hundred and thirty-three medical experts from the Indian states of Haryana, Delhi, Noida, and Chandigarh participated in the cross-sectional study. Statistical tools used for analysis included correlation and regression analyses, as well as descriptive statistics. The results show that balanced scorecards, strategy alignment, and peak performance are all strongly related. A higher score in either strategic alignment or balanced scorecards is associated with improved performance, which is a strong predictor of optimum performance. Strategic alignment and performance assessment frameworks play a critical role in improving healthcare organisations' performance, according to the research. Constraints include using just self-reported information and not being able to generalise the results to other areas or healthcare systems. To make the results more credible and applicable to a wider population, researchers in the future should think about using experimental or longitudinal designs and include objective performance metrics. In sum, the study sheds light on healthcare organisations' strategic management techniques and points the way for other studies in the same area.