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[Article] Board Best Practices for Assessing Strategic Options | The Governance Institute

The Governance Institute

November, 2019

By Gary Herschman, Esq., Member and Director, Epstein Becker & Green, and Jeffrey Sommer, M.P.P., Managing Director, Stroudwater Associates

For healthcare organizations with depleted balance sheets, deteriorating operating performance, and compromised market position, today’s industry environment is unforgiving. At the same time, the strategic and operating challenges facing hospital leaders have grown in complexity and acuity. Missing cues or deferring a critical conversation regarding strategic and operating risks, or the relevance and effectiveness of the organization’s strategic plan and performance to plan, can prove costly.

 

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