Benchmark-Role governance in Healthcare organizations

Role of Governance in Health Care Organizations
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Role of Governance in Health Care Organizations
Introduction
Governance in health care refers to the different functions that the organizations take to steer it in the right direction concerning their goals and objectives (Brown, 2019). Furthermore, governance also ensures that national health policies are adhered to by the organization. Proper governance thus enables the organization to balance competing interests in the industry while maintaining its edge while providing proper health care services. With these systems in place, the organization can account for its performance, processes, and leadership abilities.
Corporate structure
Corporate structure enables an organization to distinguish between the management aspect and ownership aspects. Clearly defining these two aspects of leadership ensures that there are separate powers, especially with regard to public ownership in an organization. Health care organizations evolved to implement systems of corporate structure that ensure that all stakeholders' interests are properly taken into consideration. In most cases, a two-tier corporate structure is used with a hierarchy that puts the board of directors at the top, followed by management or executives (Karuppan, Waldrum, & Dunlap, 2016). In this case, the board of directors monitors and makes major decisions regarding the direction that the organization should follow. At the same time, the management team is tasked with the daily running of the organization.
A corporate structure is thus crucial in governance since it enables the accountability of all individuals tasked with the organization's responsibilities. Since the mission and vision of the organization are available to the general public, the organization is tied to implement its functions in line with them, hence the leadership must strive to achieve them. Therefore, this sets irreducible minimums that must be implemented by the organization through which others can judge their success and effectiveness. Shareholders and customers alike can thus build their trust based on such actions by the company (Fryatt, Bennett, & Soucat, 2017). Furthermore, a well-defined corporate structure has clearly defined job descriptions for executives in the organization. This means that each individual is tasked with a particular objective to be covered over a specified period. This enables performance management since any actions in the organization are directly linked to specific individuals who bear responsibility. Therefore, governance improves significantly using corporate structure since the oversight authority ensures the management delivers on its mandate.
Roles of Governance
Since hierarchy plays a vital role in corporate governance, the highest position bears the highest responsibility for any significant aspects concerning the organization. The board of directors holds the highest authority in an organization, thus make final decisions that impact the running of the organization (Karuppan, Waldrum, & Dunlap, 2016). On the other hand, the management of the organization advices the board on issues affecting the organization since they are in charge of the orga...