Hospitals face profound operational and cultural challenges in meeting the demands of value based reimbursement, reference pricing and transparency. As they take on more risk and focus on outcomes based performance, Boards as well will struggle with the need for transformational change — what it means for their organization and for their own governance practices.

The first change must occur in the boardroom if hospitals are going to successfully adapt, and CEOs must be prepared to bring the Board along on the journey. NAI partner Michael Abrams was recently interviewed by Healthcare Executive Magazine on this challenge. The interview identifies key challenges and questions CEOs and Boards must address as they move from a volume to value orientation.