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TGI Releases Signature Publication, Focus on Finance: 10 Critical Issues for Healthcare Leadership

Friday, May 20, 2016  
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May 18, 2016, Lincoln, NE –The Governance Institute, in partnership with Kaufman, Hall & Associates, LLC, has released its latest signature publication, Focus on Finance: 10 Critical Issues for Healthcare Leadership, Second Edition, which provides a framework healthcare directors and executives can use to ensure high-quality financial decisions in the changing healthcare environment.

 

As the transition from a volume- to value-based business model accelerates in healthcare, hospitals and health systems are facing disruptive forces: declining utilization, a shift of care to ambulatory, virtual, and other non-acute settings, increasing consumerism and price sensitivity, emergence of non-traditional competitors, and a focus on managing population health. These forces are creating critical strategic, operating, and financial challenges.

 

“Hospital and health system executives and directors should closely track trends and issues associated with the industry’s changing business model, assess the financial implications to their organizations, and devise and implement effective plans to address the challenges,” states author Kenneth Kaufman, Managing Director and Chair of Kaufman, Hall & Associates, LLC. “Deliberate thinking and controlled contingency planning will help organizations secure a solid market position and continued financial stability.”

 

The publication reflects three decades of consulting, presentations, articles, and books provided in client and professional forums by Mr. Kaufman and partners and staff of Kaufman, Hall & Associates, LLC. Originally published in 2008, it has been updated to reflect important strategic and financial considerations as healthcare transitions toward a value-based system focused on managing a population’s health. Financial concepts and disciplined strategic/financial planning and risk management remain core to the publication, however, because deliberate thinking and controlled contingency planning will help organizations secure a solid market position and continued financial stability. It also includes points of discussion and questions for boards, senior leaders, the CFO and finance team, and the board finance committee to consider.

 

To learn more about The Governance Institute and this publication click here or to purchase copies, please contact info@governanceinstitute.com or (877) 712-8778.           

 

About The Governance Institute

The Governance Institute provides trusted, independent information and resources to board members, healthcare executives, and physician leaders in support of their efforts to lead and govern their organizations.

 

The Governance Institute is a membership organization serving not-for-profit hospital and health system boards of directors, executives, and physician leadership. Membership services are provided through research and publications, conferences, and advisory services. In addition to its membership services, The Governance Institute conducts research studies, tracks healthcare industry trends, and showcases governance practices of leading healthcare boards across the country.

The Governance Institute is a service of National Research Corporation.

 

About Kaufman, Hall & Associates, LLC

Kaufman Hall provides management consulting services, benchmark data and analytics, and enterprise performance management software that help healthcare providers succeed in a changing environment. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams, enabling clients on a self-sufficient basis to incorporate proven methods into their strategic planning and financial management processes, and quantify the financial impact of their plans to consistently achieve their goals. To learn more, please visit www.kaufmanhall.com.


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