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Trends in Governance: Look Beyond Compliance, Risk and Analytics

Governance historically has been instituted to support regulatory and compliance needs as well as requirements from business intelligence and analytics. These are still essential aspects of Governance, but more and more programs are broadening their reach to address operational needs and helping to solve operational business challenges. Governance is therefore starting to focus more and more on business outcomes and how the practice can affect and contribute to the achievement of these.

Healthcare, like other industries, is seeing governance move into the operational world, and process owners are adopting the practice more frequently. This is likely due to the ongoing quest for containing cost and optimizing processes where healthcare organizations see governance as being able to deliver on those fronts.

Governance is becoming paramount as the use of information continues to expand across a wider variety of business needs including supporting internal processes, developing new services, providing a better patient experience, driving towards operational excellence, and adapting new business models. Implementing a governance program to support these use cases requires a focused involvement from business executives and subject matter experts in addition to the technical or regulatory staff historically associated with data governance.

To learn more about this trend and the other trends impacting healthcare governance, download our recent guide, Healthcare Governance, Trends to Watch.

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Mark Steinbacher

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