Part of what makes a successful healthcare organization is its governing body's ability to implement procedures and policies that will ensure compliance with state and federal laws regarding governance issues, such as fiduciary duties, management agreements, and professional services agreements.
Venable counsels boards and companies in the healthcare industry, both nonprofit and for-profit, on all facets of corporate governance, taking into account the company’s specific circumstances and goals. We regularly provide advice on board duties and composition, board committees, charters, bylaws, governance policies, and internal restructurings. Venable regularly conducts corporate governance reviews for its hospital clients.
- Advised a Medicaid HMO co-owned by a large teaching hospital and a group of community health centers on governance issues;
- Counsel to a large hospital system in the overhaul of bylaws and governance documents for a dozen hospitals and affiliates;
- Counsel to a major BlueCross/BlueShield insurer relating to board composition and governance matters; and
- Prepared and delivered management and fiduciary duty standards, systems, policy papers, and presentations on corporate governance and restructuring for multi-corporate nonprofit systems, including a $1 billion teaching hospital in California and a $1 billion health system in the Midwest.