Board members play a vital role in governance, creating accountability and shaping the organization’s destiny. It can be difficult to manage a large number of people at all stages of their careers, especially when they are in a physical setting like the board meeting.
Boards face a challenge in determining how they can supervise their managers without controlling or interfering. To help, it’s important that board members comprehend the difference between high-level policy and lower-level management policies. It also helps that the board communicates well with management and that it has clearly outlined the way it will share its deliberations with management.
To make this happen, a good practice is to schedule regular phone calls with board members seven to ten days prior to the next board meeting. This allows the board members to review any issues that are likely to be discussed and makes sure that any negative news isn’t made public for the first-time during the meeting itself.
The final key is to create policies that outline the responsibilities of the board, medical team and the management. Effectively implemented policies cut down on the amount “busy work” during each board meeting. This helps to free time for strategic tasks.
Finally, to ensure that the board is an effective in the oversight process, it’s important to ensure that it’s comprised of people who have a wide knowledge across all areas of the business. This includes Click This Link sales and finance marketing, operations, and finance. It will also help to have some members with previous experience in other areas than healthcare. This allows the board to get expertise from new sources and make the best decisions for the company.