All practices share a basic need for infrastructure and governance, because this has direct implications on success. Regardless of the type of practice or location, there should be processes in place to monitor the execution of the entire business operation. Although not everyone in the practice will need to be proficient in this area, it’s important for physician managers and practice administrators to be held accountable as leaders.
Explore this issueAugust 2015
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What is organizational governance in a medical practice? Organizational governance in a medical practice consists of developing long-term strategies and a strategic direction of the practice. This involves the ability to simplify the legal structure, enhance the policies and procedures, as well as define the culture of the organization.
This should be an integral part of a practice’s plan for development and growth. Having a functioning governance system will allow a practice to be able to effectively deal with important issues that drive performance, in areas such as how to grow the practice, what new services to offer, or even how to develop affiliation partners. Although several or most decisions are made by the physician, creating an organizational dynamic that fosters group development can make a difference in the culture and success of a practice.