Fundraising and Philanthropy
Philanthropy can serve as the catalyst for hospital and health systems’ transformation.
Given how philanthropy deployment can significantly influence a health care organization’s ability to invest in future opportunities and outcomes, organizations should pursue alignment between strategy and philanthropy.
Forward-thinking health care organizations are exploring alternative revenue sources, with many recognizing philanthropy as a pivotal opportunity.
Philanthropy is a high-ROI revenue generator compared with patient care revenue and delivers about a 4:1 return with a mature program.
Hospital and health system trustees who want to ensure the organization achieves its mission can work to put a greater focus on their organization’s philanthropic foundation.
Alignment between the health care organization's strategic priorities and charitable funding priorities is essential to maximize the impact of donor dollars. However, many organizations fail to secure a shared vision, so philanthropy is used to advance low value priorities or development officers…
While more than 90% of hospitals agree or strongly agree population health is aligned with their mission, only 19% of health care leaders strongly agree they possess the financial resources available to support population health.
Foundation board members can strengthen their philanthropy efforts by understanding the growing role of the CEO in order to develop a productive and proactive working relationship.
As a foundation board member or hospital trustee, you’ve likely received education about HIPAA, otherwise known as the Health Insurance Portability and Accountability Act. HIPAA legislation was enacted to provide data privacy and security provisions to safeguard the protected health information…
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.