Healthcare Board Oversight During the COVID-19 Pandemic
The article highlights key organizational approaches and risk areas for hospital and health system governing boards to consider during the COVID-19 pandemic.
As confirmed COVID-19 cases skyrocket, hospitals must implement plans for the care of patients, the welfare of medical staffs and employees, and the financial health of the enterprise. In addition, the governing board has a responsibility to adjust its oversight in response to the current crisis.
In the article, Anne identifies the following key takeaways for boards during the pandemic:
- Hospital and health system boards have a fiduciary duty to adjust board oversight in light of the COVID-19 pandemic and its impact on the organization.
- The board should assure that it is organized in a manner that facilitates the effectiveness of its COVID-19 oversight.
- The board should understand and provide direction on significant issues regarding patient safety and quality, workforce management, liquidity and financial stability, liability exposure, and legal compliance.
- The board should assure that legal counsel and compliance professionals are fully integrated into the decision-making process.