Documenting investment policy boosts safety, returns
Kovener, R.R.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 46(2): 54; 56-60
1992
ISSN/ISBN: 0735-0732 PMID: 10145573 Document Number: 389516
The process and responsibility for a healthcare organization's investment decisions should be clearly documented in an investment policy. Any investment policy should contain at least seven elements: how investments relate to the organization's mission; responsibilities of involved parties; long- and short-term objectives; desired balance between return and risk; proportions of a portfolio held in stocks, bonds, and other investments; disposition of donated assets; desired investment reports; and the process for keeping the policy current.