Module 11 Flashcards
How should non profits think about partnerships?
Partnerships should help achieve shared goals
What are the four primary categories of partnerships
Collaboration: involves working together on shared goals without significant structural changes. It emphasizes joint efforts to achieve an outcome
Administrative consolidation: focused on combining administrative functions, such as back office operations, to improve efficiency and lower costs
Joint programming: organizations combine and collaborate to deliver specific programs or services
Corporate mergers/acquisitions: most integrated form of partnership where to or more organizations combine fully, including governance, operations, and programs to form a single entity
What are the core challenges and opportunities for nonprofit parternships
Making proper matches
Managing everyone’s expectations
Staff time
The return/value delivered by the partnership
Cost savings, which require standardization and replicability
The imbalance of resources available to non-profits to support partnership establishment and success
What are some of the myths about mergers?
That they should produce cost savings
That a CEO must be fired
What is one of the primary leadership traits needed to establish a joint venture?
Resilience rooted in a focus on patient and addressing patient needs
What is one of the effective mechanisms used to develop a shared vision?
A Steering committee - that ensures transparency and representation. They measure and manage performance, research, operations.
What were the findings of the study on hospital M&A?
Decline in the patient experience (HCHAPS)
No change in readmissions
No change in mortality
Slight improvement in clinical process