Finance and Reimbursement
Financial oversight of the hospital or health system often is viewed as the main function of the organization’s governing board. The fiduciary duty is one of the core responsibilities of trustees. However, heath care board members are in a unique position as health care finances are vastly different than many industries. Health care is highly regulated by both federal and state government. Hospitals are very capital intensive, and they operate on low margins compared to many other industries. Hospital governing boards face the dual challenges of meeting community needs while remaining financially viable.
Texas Healthcare Trustees wants all health care board members to be prepared to lead. We encourage board members to utilize the financial resources available through THT and the Texas Hospital Associations to increase health care knowledge in order to best serve their organization.
Finance and Reimbursement Resources
More financial resources are also available on the THA website.