Governance: still at the top of the investment agenda

Governance is a hot topic these days. The traditional not-for-profit governance model, in which volunteer fiduciaries manage the investable assets (and, sometimes, the defined-benefit pension funds) of healthcare organizations, is challenged. Over the past two decades, investment portfolios have con...

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Bibliographic Details
Published inHealthcare financial management Vol. 66; no. 5; pp. 150 - 152
Main Author Jarvis, William F
Format Journal Article
LanguageEnglish
Published United States Healthcare Financial Management Association 01.05.2012
Subjects
Asset allocation
Benchmarks
Committees
Decision Making, Organizational
Fiduciaries
Governing Board
Health administration
Hospital Administration
Investment advisors
Investment plans
Investments
Nonprofit hospitals
Nonprofit organizations
Organizational Objectives
Professionals
United States
Workforce planning
United States
United States > US
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Summary:Governance is a hot topic these days. The traditional not-for-profit governance model, in which volunteer fiduciaries manage the investable assets (and, sometimes, the defined-benefit pension funds) of healthcare organizations, is challenged. Over the past two decades, investment portfolios have continued to grow more complex, and regulation of not-for-profit organizations has become increasingly rigorous, making it harder to recruit experienced, talented individuals to serve as trustees and investment committee members. Compounding this difficult situation, in the wake of the recession, demands on the not-for-profit healthcare sector for charity care have taxed many organizations' resources. Austerity has become the norm. The trend for healthcare organizations participating in the Benchmarks Studies in recent years has been to use increasing numbers of investment management firms. Because organizations appear to lack sufficient internal staff, investment committees must attempt to fill the breach.
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ISSN:0735-0732