How to Effectively Manage a Board of Medical Directors
Board members play an essential role in governance, fostering accountability, and shaping the direction of the company. It can be difficult to manage a large group at all career stages, especially when they are in a physical location such as a board meeting.
One of the biggest challenges for boards is navigating how to supervise management without micromanaging or interfering. It is essential that board members understand the difference between high-level policy decisions and lower-level management policies. It is also important that the board communicates effectively with management and has clearly outlined the ways it will communicate its linked here deliberations with management.
To facilitate this the process, it’s a good idea to schedule regular phone updates with board members seven to ten days prior to the next board meeting. This lets the board examine issues that are on the agenda and ensures that no bad news will be delivered at the meeting.
The last step is to develop guidelines that define the roles of the board, medical team, and management. Effectively implemented policies reduce the amount of “busy work” that must be completed at every board meeting, helping to free up valuable time for more strategic tasks.
It is vital that the board is comprised of members with a wide range of expertise in all areas of the business. This includes finance and sales as well as marketing and operations. It can also be beneficial when some of the board members have previous experience in other areas that are not healthcare related. This allows the board to draw knowledge from different sources and make the best possible decisions for the company.