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Physician employment trends have led many hospitals and health systems to rethink their physician compensation program. This Webinar provides insight into how hospitals and health systems can establish and manage an effective compensation oversight process. More Info
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As tremendous change hits the healthcare landscape, a “new” healthcare delivery organization is emerging with different payment models and an increased focus on hospital–physician integration. In this publication, we explore new payment model options, various models and structures for hospital–physician integration, and critical success factors for moving from a provider to an integrated delivery system. More Info
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In the current healthcare landscape, boards have an overflowing agenda of tasks and responsibilities, leaving them less time to focus on key governance issues at each board meeting. Creating committees can be a powerful tool for ensuring that critical governance activities are consistently addressed and given the focus they need in order to keep the organization on track. This Elements of Governance® explores the various committees often used to help hospital and health system boards fulfill their oversight duties. It provides details into the responsibilities, structure, and individual challenges of each committee providing a platform for creating or enhancing your organization’s board committees. More Info
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Many hospitals that employ physicians fail to give adequate consideration to the importance of getting physician compensation right. Adopting compensation models that align the personal interests of physicians with hospital goals is not just a matter of achieving fiscal targets. It is an activity critical to the implementation of the organization’s strategic goals. It is the responsibility of the hospital or health system board to approve and oversee the institution’s policies regarding physician compensation and its implementation. More Info
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Over the summer, President Obama and Congressional leaders passed the Budget Control Act, which raised the country’s debt ceiling, preserving our ability to borrow and carry on the day-to-day business of the government. The law enacted $900 billion in cuts, and tasked a new bipartisan group—the Congressional Joint Select Committee on Deficit Reduction (the “supercommittee”)—with finding another $1.2 trillion in deficit cuts. The committee was charged with creating a deficit reduction package by the end of November, but the key deadlines for the supercommittee have come and gone. Julie Barnes and Meredith Hughes explore how the failure of the supercommittee is currently affecting the healthcare industry. More Info
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Collaborative hospital–physician relationships and board quality committees are the new financial performance drivers. When physician–hospital relationships are the responsibility and focus of the board and executive leadership, culture and quality thrive and financial performance improves as a by-product. Marie de Martinez and A. Kathy Morse provide insight into the benefits of ensuring new physicians understand the organization’s culture and goals, and the need for a strong focus on quality. Having physician–hospital relationships that are centered on quality patient outcomes will help lead the hospital or health system down a path of improved care, more satisfied patients, and higher volumes. More Info
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While there has been enormous focus on—and political discourse around—those aspects of federal healthcare reform related to expanding access to care, the revolution in payment approaches already taking place will likely have a more profound long-term impact on the industry. No one expects board members to know the details of the myriad payment approaches. However, the board can and should play a vital role in helping to ensure that the hospital or health system remains financially viable through what could be a decade-long transition period. More Info
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The Governance Institute surveys U.S. not-for-profit hospitals and health systems on governance structure and board activities every other year. Since we last reported on governance structure and practices in 2009, the healthcare industry looks drastically different, due to the passage of the Patient Protection and Affordable Care Act, an increase in hospital mergers and consolidations, and the nation’s continued struggle to recover from the Great Recession.This year’s survey included new questions relating to both governance structure and practices, in an effort to reveal subtle shifts connected to how organizations may be beginning to respond to these unprecedented marketplace dynamics. More Info
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Currently we observe great diversity in hospital and health system governing board committee structures. Some committees are responsible for compliance along with quality, or quality paired with credentialing. Audit may be a separate committee, or combined with finance, or combined with compliance. The community benefit committee may be on its own, or it may be a sub-committee of the finance or strategic planning committee. More Info
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Metaphorically speaking, a burning platform is a change issue that impels an organization to radically rethink the way it does business. Previous special sections described the forces of change that brought the healthcare industry to the burning platform on which it now rests. This special section focuses on the extent to which those forces of change have been addressed by the Patient Protection and Affordable Care Act of 2010, the healthcare reform legislation President Obama signed into law this spring. More Info
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