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Health Care Governance on the Eve of Disruption
Trustee Articles
Corporate boards, across industry sectors, are increasingly being called upon to support management as the company responds to how innovative competitors “disrupt” their existing business model. Blockbuster, Borders and ESPN are prime examples of established companies that have been pulled into the financial undertow created by nimble disruptors.
Surviving Disruption in Health Care
Trustee Articles
Health care providers must draw lessons from the core capabilities of successful companies in the internet economy.
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.
Clarifying Expectations: A First Step in Developing Truly Effective Relationships Between CEOs and Trustees
Trustee Articles
This is the second in a series of collaborative leadership tools for CEOs. The first one presented a new model of collaborative leadership.This one focuses on clarifying trustees’ and CEOs’ expectations of each other. It
includes a simple exercise for helping trustees and CEOs refine the way they work together.
How and Why to Increase Board Diversity
Board diversity has lagged behind the growth of increasingly diverse communities. This article looks at the advantage of having a diverse board and how to begin having discussions around building one and doing the work to create a diverse board.
Will you be ready for the post-COVID-19 financial world?
Health care leaders brace for hard realities over the next couple of years.
Deliberate Decision-making and the Effective Board
Trustee Articles
High performing boards learn how to make decisions at the right time using the right processes.
Empowering Board Members to Improve Population Health through Value-Based Care
Trustee Articles
The U.S. health care system is quickly moving toward a care delivery model that encompasses entire populations, not just the patients who present themselves for care. This is because many at-risk individuals in the community seldom, if ever, seek treatment or health screenings—and they have a disproportionate impact on total health care spending.
Recruiting the Right Mix
Trustee Articles
Given the sweeping changes in health care, forward-thinking hospitals, systems and medical centers are carefully evaluating board member succession and recruitment. The challenging environment in which these organizations operate requires strong, knowledgeable boards whose members have deep insights into the field and a fundamental understanding of business, management practices and how to compete in a highly competitive market.
Aligning Care Delivery to Emerging Payment Models
Trustee Articles
As payers shift financial risk to providers through more advanced payment models, trustees will need to help their organizations build new capabilities for succeeding under these payment arrangements.