January 2005

Core Strategy Priority Objectives - Performance


Core Strategy Definition

Catholic Health Initiatives will be a recognized leader among health care systems for its operating and financial excellence.

Executive Sponsor: Michael Rowan, Chief Operating Officer

Priority Objectives

Pf-1 Accountability
Executive Owner: Michael Rowan, Chief Operating Officer

Expected Actions for fiscal Years 2005-2006
Set clear expectation for quality, cultural and financial results
Identify and disseminate five best/next practices
Biweekly productivity tool
Pf-2 Joint Operating Agreement Relationships
Executive Owner: Michael Rowan, Chief Operating Officer
Expected Actions for fiscal Years 2005-2006
Facilitate closer alignment
Increase leadership participation
Leverage economies of scale and knowledge transfer
Pf-3 Philanthropy and Grants
Executive Owner: to be named
Expected Actions for fiscal Years 2005-2006
Formalize philanthropy strategy
Pf-4 Financial Results and Position
Executive Owners: Michael Rowan, Chief Operating Officer, and Colleen Blye, Chief Financial Officer
Expected Actions for fiscal Years 2005-2006
Achieve targets for margin, cash and debt to capital
Pf-5 Capital Allocation
Executive Owners: John DiCola, Senior Vice President of Strategy and Business Development, and Colleen Blye, Chief Financial Officer
Expected Actions for fiscal Years 2005-2006
Improve alignment of capital allocation process with strategic plan/priorities