Articles
Financial Oversight, Governance Effectiveness, Financial Management
Trustees playing game with higher stakes
By now, every health care leader understands that the Affordable Care Act is catalyzing a complete transformation of the field, including reimbursement arrangements, business models and mechanisms for delivering care. This means that we can no longer look in the rearview mirror to inform future decisions. In light of the changing health care paradigm, governing boards of hospitals and health systems are being held to a higher standard as they carry out their overall responsibility to oversee strategic objectives and maintain financial and mission integrity.