Key Functions of the Modern Healthcare Governing Board.The functions do vary from organization to organization. The core functions can be stated as being financial direction and oversight, oversight of the medical staff, oversight research projects, direction and oversight of the facilities, oversight of coordination with state and federal agencies for compliance (Jha & Epstein, 2010).Facets of the Governing FunctionsEach facet of the core has its own diversification. Financial concerns include income, outlay, charitable functions, employee contracts and compensation, insurance compliance, coordination and negotiation of contracts. It is not as simple as accounts receivable and payable. Facilities includes expansion or remodeling, upgrading equipment even moving if the current location is no longer serviceable.Serving on a Hospital BoardAn intriguing if daunting form of service to medicine and the community. One must consider the complexity as well as all aspects of potential impact of such service.Modeling the Modern Healthcare Paradigm.Stefl (2008) points to basic competencies necessary for a working board as well as those that should be exhibited by the members individually. Leadership is paramount. This is not a position for someone who would prefer to follow. Communication is another field that the board needs to excel in without question. Professionalism