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Secondary Data Sources

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Secondary Data Sources

July 29, 2013

Secondary Data Sources Whether the health care organization is a for-profit organization or a not-for-profit corporation, the governing body (GB) is a standard component of the health care system. GBs range from ultra simple in structure, such as is found in a health care facility operating a nursing home, or more complex, as those found central to large, expansive health care systems with multiple hospital and auxiliary operation sites. One of the GB’s most important tasks is the selection and evaluation of the Chief Executive Officer (CEO) (Longest & Darr, 2008). Titles may vary, but more often than not, titles used in the financial services industry are adapted for use in the health care organizational structure. There was a time when a person could be selected to serve on the GB as a token of appreciation for a life-long financial alliance with the health care organization. This is no longer allowed. Members of the GB now need to possess proven leadership skills and demonstrated leadership successes. According to Longest and Darr (2008), “suggested desirable personal characteristics of a trustee include capability in listening, consensus building, communicating, and leading, as well as ability to think outside the box” (p. 61). The members of the GB should also possess a working knowledge of finance, strategic and financial planning, and a general understanding of community needs and assessment, medical and information technology, and real estate. There is no requirement to be an expert in any of these areas, but business competencies are highly sought after. The more diverse a GB the more effective the decisions that emanate from it. The GB can be comprised of internal and external members. Internal members are employed by the health care organization, while external members are not. Internal

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