Good governance the overlooked investment strategy

The model in which volunteers manage both the investable and defined benefit plan assets of healthcare organizations may be stretched to its limits. The complexity of today's investment strategies, an increasingly rigorous regulatory regime, and the difficulty of recruiting experienced and tale...

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Bibliographic Details
Published inHealthcare financial management Vol. 65; no. 1; pp. 134 - 136
Main Author Jarvis, William F
Format Journal Article
LanguageEnglish
Published United States Healthcare Financial Management Association 01.01.2011
Subjects
Asset allocation
Business models
Committees
Consultants
Corporate governance
Defined benefit plans
Financial instruments
Financial management
Financial Management, Hospital - legislation & jurisprudence
Financial Management, Hospital - standards
Health administration
Health care
Health care industry
Institutional investments
Investment advisors
Investment policy
Investments - organization & administration
Outsourcing
Recessions
Strategic management
United States
United States
United States > US
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Summary:The model in which volunteers manage both the investable and defined benefit plan assets of healthcare organizations may be stretched to its limits. The complexity of today's investment strategies, an increasingly rigorous regulatory regime, and the difficulty of recruiting experienced and talented individuals to volunteer their time are serious obstacles to the traditional system of private citizens acting on behalf of public-benefit institutions (a problem not confined to health care). A primary challenge is greatly increased complexity. A world that once seemed familiar and comfortable no longer exists. Today, highly complex investment strategies and financial instruments have created a world moving at very high speed, littered with unintended and unknown risks, not to mention a legal and regulatory environment that is increasingly complex. The model for managing long-term funds on which healthcare organizations depend to fulfill their mission is distinctly different from what it was just a decade ago.
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ISSN:0735-0732