A governance health check for practice businesses
For doctors who own, or are looking to own, a practice as well as healthcare company directors, it’s essential to learn and apply sound governance skills. Poor, or non-existent governance skills can adversely impact your business, its patients and employees.
That’s why Avant and PracticeHub have created a webinar series on the duties and risks for practice owners.
The second webinar in our Duties and Risks series for practice owners - A governance health check for practice businesses, features Governance Institute of Australia CEO, Megan Motto. She explains how corporate governance relates to healthcare practitioners and SMEs, and outline key governance principles for your practice, including:
- Five essential corporate governance and management strategies.
- Enhancing staff wellbeing and reducing risk during pandemic-related activities.
- Your legal and regulatory obligations as a director.
- Risks to your practice’s reputation and promoting a highly ethical workplace in 2021.
Our panel also includes Riwka Hagen, Medical Business Services and David Williams, Neurology Network and Hoxton MPM.
About the experts
CEO, Governance Institute of Australia
Megan drives the direction of the Institute, a national membership association and leading authority on governance, which advocates for 40,000 governance and risk management professionals from the listed, unlisted and not-for-profit sectors.
Prior to her Governance Institute role, Megan was CEO of Consult Australia. She is also currently a Director of Standards Australia and a National Director for the Committee for Economic Development of Australia (CEDA). Megan has a BA/BEd, an MA in Communications Management and is a Fellow of both Governance Institute of Australia and Australian Institute of Company Directors
Principal Consultant, Medical Business Services
Riwka started her professional career as a Medical Scientist. She successfully implemented and managed a regional laboratory of a major pathology provider before embarking on a career of medical practice management and general practice accreditation. Riwka has managed small, medium and large medical centres and has a strong interest in quality improvement, governance, business planning and financial management.
Riwka is the Director of Medical Business Services providing consulting, advisory and training services to the health sector Australia-wide. She is also an experienced board director in the health sector, recently retiring as Chair from Cobaw Community Health, leading a $10M building project and a successful merger.
Riwka has a B.App.Sc(Med Sc), Dip. Project Management and is a Fellow of the Australian Association of Practice Management and Australian Institute of Company Directors.
Managing Director, Neurology Network, Hoxton MPM
David is a neurologist and former lab head in neurosciences at Monash University.
Founder and managing director of Australia’s largest private neurology practice, David designed scalable, efficient administration processes central to the operation of all medical practices.
Following on from the success of his neurology business, David established Hoxton Medical Practice Management, which supports more than 350 doctors each year through a range of outsourced practice management services.
PracticeHub is a simpler, safer and more efficient way to manage a quality practice. We have developed our Practice Operations Software to simplify practice management, with a suite of integrated applications and complementary services that puts you in control so that nothing falls between the cracks.
*IMPORTANT: ^Cover is subject to the full terms, conditions and exclusions of the policy. Avant Practice Medical Indemnity Policy is issued by Avant Insurance Limited, ABN 82 003 707 471, AFSL 238 765 (Avant). The information provided here is general advice only. You should consider the appropriateness of the advice having regard to your own objectives, financial situation and needs before deciding to purchase or continuing to hold a policy with Avant. Please read and consider the Policy Document available at avant.org.au before deciding to purchase or continuing to hold a policy or plan.
Persons implementing any recommendations contained in this publication must exercise their own independent skill or judgment or seek appropriate professional advice relevant to their own particular practice. Compliance with any recommendations will not in any way guarantee discharge of the duty of care owed to patients and others coming into contact with the health professional or practice. Avant and PracticeHub are not responsible to you or anyone else for any loss suffered in connection with the use of this information. Information is only current at the date initially published. © Avant Mutual Group Limited 2021.