Chicago, IL, USA, 10/16/2015 /SubmitPressRelease123/
Chicago, October 19, 2015– Healthcare organizations that prioritize the recruitment and development of top C-Suite and board talent must embrace the realities of turnover, retooling, innovation, accountability and new C-Suite positions, according to an InveniasPartners white paper based on interviews with senior leaders of U.S. hospitals and health systems. The Evolving Healthcare C-Suite: Trends, Predictions and Strategic Advice is available for download at http://www.inveniaspartners.com.
“Healthcare c-suite turnover will continue for years to come, creating search and talent management challenges for board members,” sais Curt Lucas, InveniasPartners’ president and CEO “We’ll see considerable retooling of c-suite roles along with the emergence of chief officers who spearhead enterprise-wide initiatives in engagement, experience, population health, data, security, technology, clinical integration and value-based care.”
Senior executives interviewed for the white paper included presidents and CEOs from Barnabas Health, Baylor, Scott & White, St. Joseph Health, Scripps Health, Franciscan Missionaries of Our Lady Health and InveniasPartners. Trends cited within the white paper include the following:
C-Suite Leaders: The notion of what constitutes an ideal or effective healthcare C-Suite executive or board member will evolve in the years leading up to 2020. “Look for C-Suites to become more transparent, agile, flexible and entrepreneurial,” predicted Lucas.
Innovation: Innovation superstars will remain on the radar of healthcare C-Suites and boards. “Organizations want executives capable of building and contributing to an enterprise-wide culture of innovation and transformation,” said Lucas.
Turnover: C-Suite turnover and retooling will continue. “C-Suite executives run into trouble not because of what they do but because of how they do it,” said Lucas. “C-Suite and board members will continue to adjust roles, responsibilities, relationships and accountabilities.”
Engagement: Engagement and experience will emerge as C-suite functions. Added Lucas: “C-Suite executive will plan, develop and lead experience-building and engagement strategies that involve physicians, patients, consumers, employers and community and government leaders.”
MD Execs: The next round of healthcare CEOs will include physician executives, according to the white paper. “Physicians executives have the knowledge, skill, experience and collegial respect required to achieve top clinical, financial and operational performance,” said Lucas.
The white paper also outlines strategies for C-Suite and board members committed to organizational success via C-Suite and board member search, assessment and talent management—specifically executive development, coaching and mentoring and succession planning. White paper guidance from Lucas and his colleagues includes the following:
Identify the best, most qualified c-suite and board talent based on an HCO’s mission, vision, values, strategic priorities and change/transformation agenda.
Recruit top c-suite and board talent through a disciplined process that extends from initial candidate identification and needs assessment, to final candidate recruitment and compensation negotiations
Assess c-suite and board members via a battery of sophisticated assessment tools Develop c-suite and board leaders via programs in coaching and mentoring, education and information sharing, and succession planning.
Build and share models for ongoing c-suite and board success
“Healthcare organizations must develop collaborative teams aligned on common goals and transform the c-suites and boards via talent management,” said Lucas. “Executives need knowledge and skill to remove barriers, reach out to diverse constituencies and orchestrate innovation and change.”
InveniasPartners, a leading healthcare C-Suite executive and board search, assessment and talent management firm with offices in Chicago,(Willis Tower | 233 S. Wacker Drive | Suite 8400 Chicago, IL 60606), Los Angeles (Oracle Tower | 17901 Von Karmen Ave | Suite 600, Irvine, CA 92614), Dallas, Salt Lake City and Princeton, New Jersey, serves hospitals, health systems, medical groups, academic medical centers and payers in the recruitment, assessment and development of top executive and board talent. InveniasPartners’ clients include St Joseph Health, University of Missouri Health, Scripps Health, Franciscan Missionaries of Our Lady Health System and Barnabas Health. For more information, see http://www.inveniaspartners.com.
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