Hospital Board Infrastructure and Functions: The Role of Governance in Financial Performance

Author: Culica Dan   Prezio Elizabeth  

Publisher: MDPI

E-ISSN: 1660-4601|6|3|862-873

ISSN: 1660-4601

Source: International Journal of Environmental Research and Public Health, Vol.6, Iss.3, 2009-02, pp. : 862-873

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Abstract

Increased stake of boards in the leadership of the hospitals makes them play a significant role in the financial health of their institutions. Understanding of the correct approach to successfully fulfill this purpose is critical for preparing their organizations for positioning adequately in the health care market. Governmental agencies and public companies, including insurers, will be interested in the extent to which hospital boards have adopted the provisions of accounting reform laws like those introduced by the Sarbanes-Oxley Act. It will remain for the boards to balance their oversight role for financial performance with the pressures of financial accountability.

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