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Reform requires resilience: a holistic model for success
Edward J Giniat1, John M Farrell
1KPMG Healthcare, Chicago, USA. eginiat@kpmg.com
Summary
Healthcare reform presents challenges, but a governance, risk, and compliance (GRC) model can improve performance and resilience. Strong management support is crucial for effective GRC implementation in healthcare organizations.
Area of Science:
- Healthcare Management
- Organizational Resilience
- Regulatory Compliance
Background:
- Healthcare organizations face significant operational shifts due to numerous healthcare reform initiatives.
- Effective management strategies are needed to navigate these changes and ensure organizational stability.
Purpose of the Study:
- To explore the role of a governance, risk, and compliance (GRC) model in enhancing healthcare organization performance.
- To identify key factors for successful GRC implementation within the healthcare sector.
Main Methods:
- Conceptual analysis of GRC models in the context of healthcare reform.
- Literature review on organizational resilience and compliance strategies.
Main Results:
- A GRC model can integrate performance delivery and compliance assurance.
- Enterprise resilience is a potential outcome of effective GRC implementation.
Conclusions:
- Implementing a robust GRC model is vital for healthcare organizations adapting to reform.
- Clear management support and vision are essential prerequisites for successful GRC adoption.
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