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Managing Capital Project Risks in a Challenging Environment
Trustee Articles
This monograph discusses today’s market environment, current capital market perspective and related risks, and then outlines a project management approach and questions that must be addressed to help board members and executives more effectively manage capital project risks while achieving organizational strategies and goals.
Understanding Your Physician Employment Strategy
Trustee Articles
Oversight of an employed physician network is a new and evolving role for your board. Focus on five key issues, and adopt three best practices, to help the network succeed.
Increase the Financial Impact of Philanthropy
Trustee Articles
The strategic use of organizational dollars has become a regular topic around the governing board table. However, within this conversation, one potential source of revenue is often overlooked or utilized in a less strategic manner: charitable giving.
Top 10 Emerging Trends in Health Care for 2021: The New Normal
Continued disruption will require health care boards to adapt their governance models to adapt to the unprecedented times.
2020 Actions for the Board Compensation Committee
Trustee Articles
Boards should assess the impact of change on their organization’s executive compensation program and committee practices.
Creating the Right Boardroom Conversations
Trustee Articles
Establishing well-organized and consistent governance processes and procedures enables the board to be most productive, and ensures that its time is allocated to the most critical topics.
Principles and Best Practices for Effective Governance
Trustee Articles
The trustees of one health system were divided over how to structure the board. Some favored proportional representation from its acute care, nursing home and elder services divisions; others wanted all at-large members with no interests to promote.
The CEO of another health system had restructured so facility executives were directly accountable to corporate management for finances and operations. He wanted local boards to focus on strategic direction and oversight of quality, but local boards continued monthly monitoring of finances as they’d always done. Some trustees wondered what their role was.
Ready for the Unthinkable
Trustee Articles
An emergency succession plan may never be used, but it’s still a necessity for every hospital. A key function of every board is to ensure that effective leadership is in place so that the institution it governs can continue to achieve its mission, vision and strategic goals.
Enhancing Governance to Foster Innovation
Trustee Articles
By adopting practices that embrace innovation, boards are better prepared to plan for change.