ABSTRACT
A successful organization is characterized by the quality and competence of its governance and management. The prospects and future of the organization are driven by the management. Governance refers to the setting of policy and strategy for an organization, a role that lies with the board of directors, or the equivalent. The prospects and future of the organization are driven by the management. Many group practices select one physician as the managing physician responsible for the overall management of the practice. The practice in third-stage growth will seek more of a generalist, with diverse experience that includes financial management, but with experience in contracting, business strategy, human resources, and operations. The focus of the assessment is to identify the areas where management is particularly strong and the areas where improvement is needed. Management is a critical resource for the performance of an organization, and an organization obtains resources by developing it, borrowing or buying.
