Theme 4. The “How to” stream
By the end of the session, the participant will:
Drawing on strong ethical and evidence-based principles, a list of guiding questions has been developed to help boards of healthcare organizations carry out a critical governance function – the oversight of key organizational risks. There is growing awareness that in order to achieve an organization’s key mandate – that of the provision of high quality care, leaders must be aware of the risks within their organization and develop strategies to mitigate these risks through organized, integrated risk management programs.
The governing body ultimately carries a fiduciary responsibility for all aspects of the healthcare organization’s business operations and clinical care. The board can create the winning conditions for change through oversight of the organization’s effective and robust risk management program.
Healthcare boards often lack guidance on what they should ask senior leaders about risk. The objective of this workshop is for the participant to be able to identify the types of questions that healthcare boards should be asking about risk. The questions ensure alignment with healthcare organizations’ strategic objectives and core business which is patient care.
The questions align with a framework that looks at what can go wrong, the likelihood and impact of these risks, and the need for action. The framework incorporates the need for alignment with vision, strategy, and objectives. While boards are responsible for oversight of risk management, senior leaders must take ownership and lead risk reporting and monitoring. Previously questions have been developed for not-for-profit sectors, this list of 21 questions is the first specific to healthcare.