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The five major positions held in hospital governance are the Board of Management and Trustees, the Chief Executive Officer, the Chief Medical Officer, the Chief Financial Office and the Clinical Team Leaders.
Foremost, the Board of Management and Trustees is charged with ensuring the overall quality of strategy and corporate governance in hospitals. The Board governs and oversees the operation of the hospital, and ensures that all its stakeholders’ interests are met and balanced to the best possible extent.[1] The board also serves to plan and approve the overall corporate strategy of the hospital, and ensures that the strategic plans of the hospital ensure the continued sustainability and profitability of the hospital, while it continues to perform its fiduciary duties to its stakeholders.[2] The Board of Management and TrXXXXXX is XXXX XXXXXXXXXXX for ensuring transparency XXX XXXXXXXXXXXXXX in XXX XXXXXXXX’s corporate governance structure, XXX in appointing capable leaders to XXX hospital’s C-XXXXX XXXX XX steward the XXXXXXXX’s XXXXXXXX execution and operations. Finally, XXX XXXXX XX XXXXXXXXXX XXXX XXXXX XXXXXXXX XXX XXXXXXXXXX for other XXXXXXXXXXXX XX execute XXXXX duties.
XXXXXXXX, XXX XXXXX XXXXXXXXX Officer XX XXXXXXXXXXX XXX operationalizing XXX XXXXXXXX’s corporate XXXXXXXX, XXX XXX managing XXX day-XX-XXX operations of the XXXXXXXX.[X] The Chief Executive Officer XX XXXXXXXXXXX to the other XXXXXXXXXXXX XX XXX hospital, such XX the XXXXXXXX, XXX insurance XXXXXXXXX, the XXXXXXXXXX practitioners, XXX XXXXXXX, the XXXXXXXXXXXXXX XXXXXXXXX XXX the XXXXX of management, and operationalizes XXX various XXXXXXXXXXX XXXXXXXXX XX ensure that XXX XXXXXXXX XXXX XXXXXXXXXXX.
span class="XXXXX-converted-space"> XXX Chief Medical Officer is also XXXXXXXXXXX for XXXXXXXXXXXXXXXX XXX XXXXXXXX’s innovation XXX X&X XXXXXXXXXX, XX XXXX as XXXXXXXXXX any XXXXX XXXXXXXX surrounding XXXXX XXXXX.
Fourthly, XXX Chief Financial Officer XX XXXXXXXXXXX for XXXXXXXX the XXXXXXXXX health and fiscal sustainability of XXX XXXXXXXX. XXXX involves ensuring XXXX the XXXXXXXXXX XXX XXXXXXX departments are XXXXXXXXXX managed XXX audited, and that the hospital XX XXXXXX budget (XX a XXXXXX or nonprofit XXXXXXXX), or profitable (XX a XXXXXXX XXXXXXXX). XXX Chief XXXXXXXXX Officer also oversees the XXXXXX XXXXXXXXXX XXXXXXX XX XXX hospital, XX ensure that each department has XXX necessary XXXXXXXXX to XXXXXXX its function effectively.
Finally, the Clinical XXXX leaders XXX XXXXXXXXXXX for carrying out XXX XXXXXXXX’s day-to-XXX services and XXXXXXXXXX, such inpatient XXXX, outpatient care, XXXXXXXXX training, XXXXXXXXX outreach, staffing and surgery.[X] The clinical XXXX leaders are also responsible XXX ensuring XXXX the XXXXXXXXXX XXXXXXXXX XX XXX XXXXXXXX adhere to industry standards XX XXXXXXXX XXXX, XXX that the healthcare XXXXXXXXXXXXX of the hospital carry out their fiduciary duty XX their XXXXXXXX on the ground.
XX conclusion, hospital XXXXXXXXXX XX XXXXXXXXX of a XXXXXX XX XXX positions, all of which XXX necessary to XX effectively executed in order XX ensure that a XXXXXXXX XX run XXXXXXXX and optimally.
Endnotes
[X] XXXXXXX, XXXXX D., John D. XXXXX, Grant X. XXXXXX, Carlton J. Whitehead, and XXXXXXX X. XXXX. "Assessing XXX stakeholders: who XXXXXXX XX hospitals and why?." XXXXXXXX & XXXXXX XXXXXXXX Administration XX, no. 4 (XXXX): 525-XXX.
[2] XXXXXXXX, XXXXX X., X. XXXXXXXX XXX Horn, XXX Gerard J. Wedig. "XXXXX XXXXXXXXXXX and nonprofit XXXXXXX: XXXXXXXX XXXX XXXXXXXXX." Journal XX Economic Behavior & XXXXXXXXXXXX 76, XX. X (XXXX): XXX-XXX.
[3] Alexander, XXXXXXX A., Mary X. Fennell, and XXXXXXX T. Halpern. "XXXXXXXXXX instability in XXXXXXXXX: The influence of XXXXX-XXX relations and XXXXXXXXXXXXXX growth and decline." Administrative XXXXXXX XXXXXXXXX (XXXX): 74-XX.
[X] Preyra, XXXXX, XXX George Pink. "XXXXXXXXX XXXXXXXXXX in the XXXXXXXXXXXX XXXXXXXXX XX XXXXXXXXX XXXXXXXX XXXX." XXXXXXX XX XXXXXX XXXXXXXXX XX, no. 4 (XXXX): XXX-525.
[X] XXXXXXXX, XXXXX, Vivek XXXX, XXXXX A. Singer, and Douglas K. XXXXXX. "Leadership and priority XXXXXXX: XXX XXXXXXXXXXX of XXXXXXXX CEOs." Health Policy 79, no. 1 (2006): XX-34.
References
XXXXXXXXX, Jeffrey X., Mary X. Fennell, and XXXXXXX T. XXXXXXX. "XXXXXXXXXX XXXXXXXXXXX in XXXXXXXXX: The XXXXXXXXX of board-XXX relations XXX organizational XXXXXX XXX XXXXXXX." XXXXXXXXXXXXXX Science Quarterly (1993): XX-99.
Fottler, Myron D., XXXX X. XXXXX, XXXXX X. XXXXXX, Carlton J. XXXXXXXXX, and XXXXXXX X. XXXX. "XXXXXXXXX XXX stakeholders: who matters XX hospitals and XXX?." XXXXXXXX & XXXXXX Services XXXXXXXXXXXXXX 34, no. X (XXXX): XXX-547.
Brickley, XXXXX A., R. XXXXXXXX XXX XXXX, and XXXXXX J. Wedig. "Board composition and XXXXXXXXX XXXXXXX: Evidence from XXXXXXXXX." XXXXXXX of XXXXXXXX Behavior & XXXXXXXXXXXX 76, XX. 2 (2010): XXX-XXX.
Reeleder, David, Vivek Goel, XXXXX A. Singer, and XXXXXXX K. XXXXXX. "XXXXXXXXXX XXX priority setting: the perspective XX XXXXXXXX CEOs." XXXXXX Policy XX, no. 1 (XXXX): 24-34.
XXXXXX, Colin, XXX George Pink. "Balancing XXXXXXXXXX in the XXXXXXXXXXXX XXXXXXXXX XX nonprofit hospital CEOs." Journal of XXXXXX Economics 20, no. X (XXXX): XXX-XXX.
Ford-XXXXXXXX, Karen, XXXXX XXXXXX Plowman, XXX Reuben X. XXXXXXXX Jr. "Hospital XXXXXX and hospital strategic XXXXX: XXX impact of XXXXX involvement in XXXXXXXXX decision XXXXXX." Health XXXX management review 36, no. 2 (2011): XXX-154.
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