HealthLeaders Media Corner Office - September 12, 2008 | How Does Your Board Stack Up? View as a Webpage | Subscribe for Free
How Does Your Board Stack Up?
Carrie Vaughan, Senior Editor-Leadership

Hospital governing boards aren't known for being the most engaged and active. Even though great strides have been made on this front in the past 30 years, many boards are still struggling to keep up with the challenges of running a healthcare organization in today's market. One of the first steps to improve the effectiveness of your governing board is to figure out what you are working with. What are your board's strengths and weaknesses?
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  Sept. 12, 2008

Editor's Picks
Show me the money
In the years ahead, I think we'll see hospitals ramping up their fundraising efforts and viewing philanthropy not just as a nice add-on, but as a crucial component to their capital improvement efforts and bottom line. Children's Memorial Hospital in Chicago is hoping to raise $600 million from its community for a new hospital through its "Heroes for Life" campaign-it's raised $400 million to date. Likewise, Parkland Memorial Hospital's kicked off its first capital campaign and hopes to raise $150 million to help build a new Dallas County public hospital. The "I Stand for Parkland," campaign has already raised nearly $80 million. [Read More]
Follow the money
Michael Young, the new CEO at Atlanta's Grady Memorial Hospital, is taking a hands-on approach as he works to improve the struggling health system's finances. He decided to examine every check over $1,000 that Grady had issued for one week in July prior to officially starting on September 2. Now that mini-audit is a weekly practice. [Read More]
Traveling for care—in the U.S.
Some employers are encouraging employees to travel abroad for medical care in an effort to save money on healthcare costs. This Wall Street Journal article (subscription required) describes how U.S. hospitals are starting to get in on the action by offering to match the prices of foreign facilities in order to get those patients to travel to their facility instead. Hip replacements in Maine, anyone? [Read More]
Watchdog for troubled hospitals
A high percentage of employees at Martin Luther King Jr.-Harbor Hospital have criminal records and performed poorly on tests that evaluated their competency to treat patients. But this was news to the Los Angeles County Board of Supervisors, which is now considering hiring a permanent independent investigator—much like the special counsel for the sheriff's department—to ensure that hospital administrators can't hide problems from them in the future. [Read More]

This Week's Headlines
Healthcare issue, not quite hot, remains strong
New York Times - September 12, 2008
Pennsylvania, New Jersey hospitals' mistakes are going unreported
Philadelphia Inquirer - September 12, 2008
Settlement requires defendant to pay CalPERS $30 million
The Sacramento Bee - September 11, 2008
Illinois hospital to take taxation case to state Supreme Court
Chicago Tribune - September 10, 2008
Retail clinics haven't cut health costs, study finds
Minneapolis Star Tribune - September 10, 2008
Humana to lose some Medicare enrollees
Wall Street Journal (subscription required) - September 10, 2008
Commentary: The pitfalls of linking doctors' pay to performance
New York Times - September 9, 2008
Facing veto, Democrats drop plan for vote on child health bill
New York Times - September 8, 2008

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From HealthLeaders Magazine
Help the Uninsured (Without Going Broke)

HealthLeaders August 2008
The number of people who can't pay much-or anything-for their care just keeps rising. Some hospitals have found new ways to help them while still protecting the financial health of the hospital. [Read More]
View from the Top

The New C-suite: Sailing the Seven Cs (Part 2): Healthcare leaders need to reinvent the C-suite and establish a new set of leadership skills to help them address the challenging nature of hospital-physician competition and collaboration. [Read More]
Audio Feature

Secrets to Making Staff Happy: Bill Powanda, a vice president at Griffin Hospital in Derby, CT, explains what makes his hospital such a great place to work. [Listen Now]
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