May 20, 2009 |
Resource Spotlight |
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The Board and Risk |
Also Available |
Don't miss two critical articles from the Center in the May issue of Trustee magazine. The articles, which focus on the board's role in risk management and oversight, contain timely survey data and analysis.
First, the "Hot Topics" section reports on the results of a survey of 258 hospital and health system CEOs conducted in December 2008 by the Center in partnership with the Health Research & Educational Trust. The survey focused on:
- the types of risk analysis conducted by the board;
- the board's activities in evaluating and monitoring financial risk;
- the board's responses to potential increases in financial risk; and
- the importance of an organization's overall risk level in its strategic planning.
Findings indicated that risk associated with capital and with the organization's reputation or brand were the areas in which most respondents conducted a regular, comprehensive risk analysis. The report also notes that a majority of respondents reported that bonds and debt servicing had been board agenda topics over the past 12 months. Most respondents also said that they had reviewed management's action plans focused on the long-term viability of the organization over the same period.
Next, cCommenting on the survey results in a "Center Voices" column, Frederick A. Hessler, managing director, Citi, suggests that hospitals and health systems should place greater emphasis on engaging their boards in overseeing management of risks associated with the financial and capital structure of their organizations. He recommends a number of actions to improve governance effectiveness in this area, including:
- Identifying alls risks inherent in the organization's financial and capital structure.
- Defining and quantifying an acceptable level of tolerance for each risk.
- Adopting a comprehensive approach to overseeing and managing the interplay of risks associated with the organization's investment portfolios and debt outstanding.
Previous issues of Center Voices are available for download free of charge to members.
 More Information
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Managing Capital Project Risks in a Challenging Environment:
What Health Care Boards and Executives Need to Know
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Blue Ribbon Panel Report: Competency-Based Governance:
A Foundation for Board and Organizational Effectiveness
more information
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Center to Launch Thought Leadership Series in June
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Educational Events |
In June, the Center for Healthcare Governance will launch the Thought Leadership Series to complement your board's onsite educational development programming. The series will feature audio interviews and companion presentations, and include facilitation guides and evaluation instruments to help your board get the most out of your educational experience.
Available for download free of charge to members, the Thought Leadership Series will offer expert perspectives on critical and emerging governance issues for health care organization board members, executives and physician leaders. Moderated by Mary K. Totten, governance consultant and Content Director for the Center, each program will include:
- an audio interview with a subject matter expert, with a companion presentation to provide context and notes
- a facilitation guide, which provides instructions for program delivery
- a program evaluation, which allows users an opportunity to make suggestions for additional resource development on the program topic.
Look for more information in the next issue of Center News and Updates! |
Fall Symposium on Governing & Leading Healthcare Organizations
September 13-16, 2009
White Sulphur Springs,
West Virginia
Winter Symposium on Governing & Leading Healthcare Organizations
January 17-20, 2010
Naples, Florida
More information on events
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| Register Today for the Center's Fall Symposium on Governing & Leading Healthcare Organizations! |
Navigating Our Hospitals and Health Systems through Turbulent Times
September 13-16, 2009
The Greenbrier - White Sulphur Springs, West Virginia
Overview | Program Brochure
The Center for Healthcare Governance presents its fall Symposium on governing and leading health care organizations. In this three-day program, trustees and executive leadership will gain insights into the trends that are dictating reform and learn strategies and tools for navigating this increasingly turbulent environment.
- In plenary sessions, industry experts will offer analyses of the contextual issues framing the health care environment, from the effects of a global economic crisis, to the efforts of a new administration and industry leaders to advance health care reform, to emerging opportunities for engaging physicians in clinical transformation, and rising expectations for transparency and accountability.
- In small group interactive sessions, we'll focus on innovative models and strategies for honing governance performance around executive compensation, succession planning, and assessment of emerging technologies.Your board will enhance its ability to promote quality improvement, evaluate strategic options and manage risk.
- You'll also learn what makes for a great board member by studying the characteristics and competencies that appear to lead to governance excellence. You'll gain valuable insights on how to get the most from your leadership teams, make strategic decisions by more effectively by focusing on what matters, and build the consensus that successful implementation requires. Ample time will be provided for sharing, asking questions and seeking guidance from our top governance experts.
More Information and Registration
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| Speaker Spotlight |
The Center for Healthcare Governance developed Speakers Express to help make the high-caliber speakers and presenters found at its national symposia and regional workshops available to organizations throughout the country. Our speakers are proven professionals who are viewed as the "go-to" leaders in their respective fields of expertise, customizing their presentations to fit the unique needs of each organization.
The Center for Healthcare Governance introduces Pam Bilbrey, a consultant, coach and professional speaker, and recipient of the 2007 Individual Excellence Award from AHA's Society for Healthcare Strategy
and Market Development. Learn more about Pam below.
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| Center Members: Ask the Governance Expert |
 The Center for Healthcare Governance wants our members to be as connected as possible to our governance consultants. Being able to ask questions online and receive responses back quickly will give you access to the answers and resources you need in order to achieve excellence in health care governance.
Please fill out the Center's Ask the Governance Expert online form with your specific question or request, and you will be contacted within 24 hours with a reply. In addition, please feel free to use this form to submit feedback about the Center's services so that we can better serve you.
Please note that this is a member-only resource. Only submissions by Center members will be answered.
More information on Ask the Governance Expert and the online submission form. |
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| Archived Center News & Updates |
To view archived editions of the Center's bi-weekly email Center News & Updates, click here.
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