As the healthcare sector continues to experience unprecedented growth, industry leaders must enterprise progressive strategies to solidify their market position, become providers of choice, and engage and retain top talent. This dynamic is particularly true for those executives at the helm who must pass the torch to qualified and innovative successors during an age of consumerism, intense competition and market consolidation.
In this article by Modern Healthcare, top healthcare execs acknowledge that the keys to success lie in their most valuable assets: investment in their employees. One senior executive from a large integrative delivery network in the Midwest refreshingly points out that their leadership spends incessant amount of time and energy on spending $2 million on a CT scanner, but they cant find a way to spend $10,000 on their leaders. This notion was the catalyst in one healthcare organization, and several others to become more innovative in building leadership institutes and programs that place mentoring, training and employee engagement on a level playing field with other more tangible investments, and the results have produced dividends.