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Governance Corporate Governance

It is important to understand that both corporate governance and clinical governance are important aspects of your governing structure. Governance is the overall framework through which organizations are accountable for continuously improving their clinical, corporate, staff, and financial performance. Second, governance generally falls under the purview of boards of directors and executive teams and is operationalized through the day-to-day activities for which patient care, practice management, and administrative activities are performed. Governance can be divided into two pillars; corporate governance and clinical governance. A robust governance framework lays the foundation for making decisions, resource allocation, and prioritization.

Corporate governance is a multi-faceted focus on business performance, compliance with laws, regulations, and ethical responsibilities to contribute positively to stakeholders and the community it serves.

Clinical governance implements the processes around which patient care is safely given and with good quality. It’s a way to standardize care by looking at pathways and clinical outcomes and finding ways to streamline this care and perhaps save some money. That is where it goes, and back somewhat intertwines with the corporate governance piece. It is the systematic approach to improving or maintaining patient care quality and safety.

Our team of experienced advisory leaders will partner with you to assess your current governance structure and design a strategic operational model that will help you meet your desired goals, enhance operations, and your bottom line. Our team brings years of clinical, operational, and IT knowledge and we’ve seen how governance can impact an organization. We take the time to understand your organization, working collaboratively with your staff to customize a governance structure that is specific and targeted to your needs.

In this whitepaper, we discuss the importance of corporate governance and clinical governance and their impact on decision-making, resource allocation, and prioritization.

Topics Include:

  • Governance Overview
  • The two pillars
  • Current State
  • What Success Looks Like
  • 4 Principles of Successful Governance
  • COVID’s Impact on Governance
  • How Optimum’s Team Can Help

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