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x Governance Structure
from Environmental, Social, Governance Report: Our Planet, our People, our Ethics and Integrity
by erica mary
GOVERNANCE STRUCTURE
At Prime Healthcare, our governance framework is a structure that holds our leaders accountable for continuously improving operations and financial performance.
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Prime Healthcare’s Board of Directors consists of four independent Board members with varied legal, healthcare, corporate/private sector development, government, and educational backgrounds, and collectively over 120 years of extensive business experience. Our Board of Directors is responsible for developing and reviewing the health system’s overall mission and strategy. The board guides the long-term goals and policies for the hospitals.
Executive Management oversees all aspects of corporate and clinical governance which includes caring for patients, managing clinical practices and administration. Business performance, compliance with laws and regulations, and ethics falls under corporate governance. Maintaining and improving the quality and safety of patient care falls under clinical governance.
Clinical and corporate governance systems are intrinsically linked, although each has its own objectives. For example, clinical governance requires staff to deliver measurable and effective patient care that is also reliable, consistent, and safe. Clinical goals incorporate structures that continually assess and monitor clinical risks to achieve the best possible outcomes for all those we serve.
Corporate and clinical governance work in concert to ensure that healthcare organizations achieve their business goals, ensure quality of services, and manage resources well. Healthcare organizations are expected to operate as ethical citizens would. Risk management is another area in which clinical and corporate governance are intrinsically linked.
Prime’s Board of Directors meet quarterly and is involved in the approval process of all material decisions impacting both clinical and corporate governance. Board meetings include presentations that review and discuss new business, financial, facility, clinical and compliance updates.
