title: Who is responsible for business failures?
abstract: Two high-profile business failures should be a wake-up call for hospital leaders. Management and boards cannot rely on unaudited financial statements as the principal indicator of financial health. Boards must ensure diligent analysis of key financial measures. Board members need better education about healthcare finance. Hospitals are not immune to financial collapse.
authors.affiliation: Cleverley & Associates, Columbus, Ohio, USA. wcleverley@cleverleyassociates.com
authors.forename: William O
authors.initials: WO
authors.lastname: Cleverley
mesh_terms: D000067:Accounts Payable and Receivable; D016361:Bankruptcy; D003132:Commerce / Q000191:economics*; D005375:Financial Audit / Q000592:standards*; D005377:Financial Management, Hospital / Q000592:standards*; D006075:Governing Board; D006788:Hospitals, Voluntary / Q000191:economics*; D009518:New York; D019982:Organizational Case Studies; D012941:Social Responsibility; D013781:Texas