Quality practice governance is critical to the long-term success of any practice. The corporate world has evolved to a structure that includes a management team reporting to a board of directors that is elected by the shareholders. The board of directors has broad duties and responsibilities that cover all aspects of a business. Most large medical practices attempt to simulate this form of governance.
The board of directors of a practice is often called the governing board. In a small practice, the board usually includes all the equity-owning partners of (Read more...)
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