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E-Briefings – Volume 6 No. 4 July 2009
Vol. 6, No. 4, July 2009
Welcome to The Governance Institute’s E-Briefings!
This newsletter is designed to inform you about new research and expert opinions in the area of hospital and health system governance, as well as to update you on services and events at The Governance Institute. Please note that you are receiving this newsletter because you are a Governance Institute member or expressed interest at one of our conferences.
As an added convenience, we are providing an Adobe Acrobat version of the E-Briefings that includes almost all of the full text articles referred to in this email.
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UPDATES FROM RESEARCH AND PUBLICATIONS
New Amendments to the False Claims Act
In connection with its compliance plan oversight obligations, the board (and especially the compliance committee) should be familiar with, and address, the organizational implications of the new amendments to the False Claims Act, signed into law by President Obama on May 20, 2009. Michael W. Peregrine and Joshua T. Buchman, partners, McDermott Will & Emery, LLP present a series of talking points the general counsel can use when briefing the board on these new amendments.
Managing the Margin through Quality
Managing the margin through quality (specifically, more efficient clinical delivery) has become a critical component of the healthcare revenue cycle. However, we often overlook it in the midst of this churning and evolving healthcare environment. Typically, labor is tagged as the most expensive line item. The truth is, significant financial potential is hidden in clinical gaps.
Baptist Health Care has focused on this relationship between clinical quality and profitability. Alfred G. Stubblefield, president & CEO, Baptist Health Care Corporation, and Greg Nelson, senior leader, Baptist Leadership Group, share their experience in managing the margin through quality improvement.
Will the "Invisible Hand" Work in U.S. Healthcare?
A Challenge to Non-Profit Boards
Adam Smith, arguably the father of formal economic theory, referenced the “invisible hand” in his prescient work published in 1789. Smith believed that individuals who compete for self-interest and private gain are “led by an invisible hand” to promote the public good.
Daniel K. Zismer, Ph.D., associate professor & director, Executive Studies Program, School of Public Health, University of Minnesota and managing principal, Essentia Health Consulting,applies Smith’s theory to the U.S. not-for-profit, community-based system of healthcare delivery, arguing that not-for-profit community healthcare organizations will need to focus even more on “their own interests” if they intend to maintain missions of benevolence to the public.
Bring Expert Presentations into Your Boardroom with Governance Spotlight
The Governance Institute’s newest offering puts a spotlight on today’s most pressing issues. A new DVD series with an enhanced format provides hospital and health system executives and trustees with highlights from recent presentations at Governance Institute conferences. In each 30-minute program, industry thought leaders explore the challenges boards are currently facing in these increasingly complex times.
The first DVD (released July 6, 2009) focuses on the impacts of economic uncertainty and how organizations can respond, and includes excerpts from presentations by Nate Kaufman, David Nash, Jeff Bauer, Bruce Clark, and Guy Masters.
The second DVD (to be released in August) focuses exclusively on finance—you’ll hear from Ken Kaufman, Lisa Goldstein, Marian Jennings, and others.
The Governance Spotlight DVD series is just one of the many benefits of membership with The Governance Institute. If you would like information about other member benefits, please e-mail info@GovernanceInstitute.com or call (877) 712-8778 .
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CONFERENCE CONTENT AND UPDATES
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Governance Support Conference
August 9-11, 2009, Grand Hyatt, San Francisco, CA
There is still time to register!
This conference for governance support professionals is an important opportunity to gather information, confer with colleagues, ask questions, and learn new ways to help enhance board performance through vital assistance and support. Topics to be covered include:
- E-governance/board portals
- Healthcare policy reform under the new administration
- Understanding the relationship of governance to bond ratings
- Building trust
- And more!
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Click here for complete program details and to register online.
September Leadership Conference Features
High Performance and Quality
Join us at The Broadmoor, Colorado Springs, CO, September 13–16, 2009 for our next Leadership Conference for trustees, physicians, executives, and nurse executives. Featured speakers and programs include:
- James G. Sheehan, Medicaid Inspector General, New York State: enhanced responsibilities in reporting, transparency, and compliance
- Gary R. Yates, M.D., Senior Vice President & CMO, Sentara Healthcare: creating high-reliability processes for quality performance
- William M. Dwyer, Healthcare Strategist: economic and social perspectives of current market volatility and value-based responses
- Thomas A. Atchison, Ed.D., President & Founder, Atchison Consulting Group, LLC: cultures that maximize performance
Register early for a discounted price. Members, remember to redeem your free conference passes.
Visit www.governanceinstitute.com/calendar for program details and registration for 2009 conferences.
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Leadership Conference
The Broadmoor
Colorado Springs, Colorado
September 13–16, 2009
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CMO & VPMA Summit
The Breakers
Palm Beach, Florida
October 3, 2009
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Medical Leadership Institute
Fall Conference
The Breakers
Palm Beach, Florida
October 4–6, 2009
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Leadership Conference
The Greenbrier
White Sulphur Springs, West Virginia
October 18–21, 2009
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Leadership Conference
Grand Hyatt Kauai Resort and Spa
Kauai, Hawaii
November 7–11, 2009
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Leadership Conference
The Ritz-Carlton, Naples
Naples, Florida
January 10–13, 2010
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We welcome the following organizations to membership with The Governance Institute:
- Bedford Regional Medical Center, Bedford, IN, Bradford W. Dykes, FACHE, President & CEO
- Fairbanks Memorial Hospital, Fairbanks, AK, Michael K. Powers, Chief Executive Officer
- Laurens County Healthcare System, Clinton, SC, Richard E. D’Alberto, FACHE, Chief Executive Officer
- Ozarks Medical Center, West Plains, MO, David Zechman, President & CEO
- St. Peter’s Hospital, Helena, MT, John H. Solheim, FACHE, President & CEO
- Summit Healthcare Regional Medical Center, Show Low, AZ, Kevin R. Hawk, Chief Executive Officer
- WellStar Health System, Marietta, GA, Gregory Simone, M.D., President & CEO
- White Mountain Regional Medical Center, Springerville, AZ, Michael Zimmerman, Chief Executive Officer
The Governance Institute thanks Premier Partners Kaufman, Hall & Associates, Inc. and Broadlane® for their continuing support of excellence in healthcare governance.
 
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