On the 2019 healthcare board agenda

Board and audit committee agendas should continue to evolve in 2019 amid the game-changing implications of technology innovation, sector consolidation, new entrants, margin compression, demand for an enhanced customer experience, and changing political, risk, and regulatory environments. While delivering affordable, quality healthcare will continue to pose daunting challenges for companies, the industry, and the country, industry reorganization and consolidation as well as digital innovation will create opportunities for healthcare organizations with the vision and ability to move quickly. Navigating the year ahead—and positioning the organization for the future—will require a careful balance of near-term focus, agility, and long-term thinking.

Drawing on insights from our work and interactions with directors and healthcare leaders over the past 12 months, we’ve highlighted seven items for healthcare boards and audit committees to consider as they focus their 2019 agendas on the critical challenges at-hand and on the road ahead:

• Help ensure the organization understands and leverages the strategic value of risk management activities.
• Recognize that connecting digital disruption with risk management and strategy is more important—and more challenging—than ever.
• Understand the strategic implications of accelerating consolidation in healthcare—horizontal, vertical, and virtual.
• Analyze scenarios for potentially building, buying, partnering, or aligning with health plans.
• Monitor how the organization is maintaining the quality and integrity of its regulatory reporting.
• Continue to refine boardroom discussions about cybersecurity and data privacy as risk management issues.
• Assess, monitor and reinforce culture as a strategic asset and critical risk.

To learn more, download the full report below