How to Effectively Manage a Board of Medical Directors

linked here

Board members are important in shaping the destiny of an organization, fostering accountability and controlling it. It can be challenging to manage a large number of people in all stages of career especially in a physical space like the board meeting.

One of the key challenges for boards is understanding how to supervise management without interfering or micromanaging. To make it easier, it’s crucial that board members understand the distinction between high-level policy and lower-level management policy. It’s also crucial that the board has a positive relationship with management, and has clearly defined how it will share their decisions.

It’s an excellent idea to schedule regular updates by phone with board members for seven to ten days before the next board meeting. This allows the board to review issues that will be on the agenda and ensures that no bad news will be delivered at the meeting.

The last step is to formulate policies that clarify the responsibilities of the board, medical team and the management. Effectively implemented policies decrease the amount of “busy work” that must be done at each board meeting, helping to free up time to focus on more strategic activities.

It is important that the board has members with a broad range of expertise in all areas of the business. This includes finance, sales, marketing and operations. It can also be helpful when some of the members have previous experience beyond the healthcare industry. This will allow the board to get knowledge from different sources and make the best decisions for the company.