HCPro.com: Health Governance Report

Strategic planning, fiduciary responsibilities, community health initiatives, and leadership accountability for hospital trustees and CEOs. Keep your hospital board informed with HGR!

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March 2008 (Volume 18, Issue 3)	view entire issue

Compliance: Not just an office down the hall
In the past decade, the meaning of the word compliance has transformed in the healthcare industry. It began as a term that simply implied correct coding and reimbursement, but in recent years compliance has become a concept that encompasses best practices, quality, and the innate operations of a hospital or health system. With quality and reimbursement inextricably linked, it's more important than ever that healthcare organizations take compliance seriously-it is no longer just a department down the hall that mitigates legal risk.

Avoiding the (nearly) inevitable
By the time many boards realize they're not getting all the information about how well they're doing financially from their CEO or chief financial officer (CFO), it's too late. That spells termination for those administrators, thrusting boards into the unfamiliar position of finding a temporary administrator who will be honest with them. One constant among the small percentage of CEOs and CFOs who aren't sharing the right information with their board seems to be fear; fear that if you shoot straight with the board, they'll let you go, which is perceived as a bigger threat than slowly letting the hospital drift downhill financially.

The housing market's ripple effect on healthcare collections
The housing market's growing troubles are causing a ripple effect throughout the U.S. economy. Recently, The Wall Street Journal reported that more than 130 million home loans were obtained in the past decade, and that risky mortgages were approved in nearly every corner of the nation. Many healthcare providers are wondering how the mortgage meltdown will affect the business of collecting healthcare debt. To date, there has been little or no analysis regarding the effect of the housing crisis on healthcare collections. However, even without rigorous analysis, there are several clear trends.

Other recently-published articles from Health Governance Report:

Ensure employee retention in a turbulent field

Be careful not to neglect your ’regulars’ while recruiting

Successful recruiting in a struggling economy

Survey reveals competitiveness of recruitment

The recruiting challenge for internal medicine

Recruiters seek efficiency in ailing economy, tight market

Fill healthcare vacancies by expanding the search

The new C-suite: Sailing the seven Cs

Offer compensation to encourage medical staff leadership

Healthcare crisis and transformational leadership

Replacing service line with segment line

Thrive in a down economy: Get creative with patient concerns

Should your hospital partner with the big retailers?

Is your brand a communications or business strategy?

Six steps to develop a successful business strategy

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