As part of its mandate to promote and foster excellence in health care governance, the Ontario Hospital Association (OHA), in partnership with Deloitte, is pleased to offer Health Care Governance in Volatile Economic Times: Don’t Waste a Crisis. Following participation at the OHA’s May 2009 conference, The Changing Financial Landscape – Governing in Tough Times, Deloitte interviewed a number of health care board members from across Ontario, as well as recognized experts in health care governance. In all cases, one message stayed constant: while the private sector is challenged by unprecedented economic uncertainty, hospitals, community services and other health care providers in the province have a long history of operating in difficult economic circumstances.
However, the gravity of today’s economic situation is truly unprecedented. While health care organizations may be familiar with operating in tough times, the long-lasting impact of today’s deficits is an entirely new challenge. Therefore, because it is so difficult to determine the many possible ripple effects of today’s economic downturn, this document has been designed to include questions board members should ask at any time, for any fiscal challenge.
Recognizing the uniqueness of all health care provider organizations, this resource allows users to customize the information according to their own specific needs and realities. The Key Questions to Ask seeks to assist board members fulfill their fiduciary duties as directors on hospital boards and representatives of their communities.
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