Governance Flashcards
What is the mission of the governing board?
Create and maintain relationships among stakeholders and implement their wishes.
What is the ideal perspective to achieve better operational performance?
Corporate or managerial perspective
Trustees are synonymous with who?
Board of Directors…Trustees are non/profit
Which perspective uses board members are contributors of resources to organization?
Resource cobtrbution perspective.
What is the first board function?
Assemble an executive team
What are two function of board?
Approves all formal mission and vision, annual environment assessment, and appoints CEO.
What are the boards obligation to ensure quality?
Approve clinical staff bylaws, appoint clinical staff executives at all levels, clinical staff plan approval, physician appointments and reappointment, approve contracts with physicians.
How many years does a LRFP lookout?
Long range finance plan (lrfp) 7 years…earnings debts and capitalization
Why do HCOs operate in a relatively fixed price environment?
Medicare and other programs establish revenue.
The Joint Commission and the Centers of Mediare and Medicated Services (CMS) require the measurement and imporvement of outcomes of care as published in what document?
Mannual for National Hospital Inpatinet Quality Measures. Compensation is directly attached to quality goals.
How many accrediting orgnazations has CMS designated?
Eight
Compliance of regulations of the HCO falls under whose responsability?
Executive Office (CEO)
What is the best indicator of Board performance
near-benchmark scorecard
What are the two terms that measure against the actions of the board?
Prudence and reasonableness (not intentions or success).
What part of Sarbanes Oxley act does apply to non-profit directly?
protection of whistle-blowers
