"Fiduciary Standards for Board Members of Financially Distressed Hospitals"

Increasingly, hospitals are facing material financial challenges which, for some hospitals, create a financial distress scenario that requires prompt and decisive action to remain viable. Hospital boards of directors/trustees need to be particularly sensitive to their fiduciary duties and obligations in such situations. What follows below is a primer on the early warning signs of financial distress and board and hospital responsibilities which apply.

Click here for Rick Cooper's full article from Ohio Healthcare News.