{"id":1875,"date":"2014-01-15T14:20:12","date_gmt":"2014-01-15T20:20:12","guid":{"rendered":"http:\/\/kbicblog.com\/blog\/healthcare-finance\/?p=1875"},"modified":"2016-09-15T13:12:09","modified_gmt":"2016-09-15T18:12:09","slug":"outsiders-may-rule-in-new-era-of-healthcare-leadership","status":"publish","type":"post","link":"https:\/\/kbicblog.com\/healthcare-finance\/client-resources\/outsiders-may-rule-in-new-era-of-healthcare-leadership\/","title":{"rendered":"Outsiders May Rule In New Era Of Healthcare Leadership"},"content":{"rendered":"

Outsiders May Rule In New Era Of Healthcare Leadership<\/span><\/h2>\n

Jan. 14, 2014, 8:53 p.m.<\/p>\n

Outsiders May Rule In New Era Of Healthcare Leadership — CHICAGO, Jan. 14, 2014 \/PRNewswire\/ — 2014 Outsiders May Rule In New Era Of Healthcare Leadership Ferguson Partners and Modern Healthcare Survey Reveals 2014 Leadership and Hiring Trends<\/div>\n
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CHICAGO , Jan. 14, 2014 \/PRNewswire\/ —\u00a0Could a former financial services CEO lead a major hospital group? It may become more common in the years to come, according to the just released Healthcare Leaders Survey by Ferguson Partners, Ltd. (FPL) (\u00a0http:\/\/www.fpladvisorygroup.com\u00a0<\/a>), conducted by Modern Healthcare Custom Media.\u00a0 Health industry executives who took part in the survey said the top three outside industries the next generation of healthcare leaders was most likely to come from would be finance (92 percent), followed by the hospitality industry (55 percent), investment (40 percent), and pharmaceutical industry (33 percent). Manufacturing, information technology and the retail\/supply chain industries received mentions as well.<\/p>\n

“It’s been very recent in our 25+ years of experience in executive search that a shift to a skill set outside of the industry norm has become acceptable, ” said William J. Ferguson , co-chairman and co-CEO of FPL. “But with growth and recapitalization of key strategic priorities, as well as the rise of guest-focused care, it’s not surprising that finance and hospitality were the two ‘outside’ industries our respondents thought could be most successful.”<\/p>\n

\"FPL<\/a><\/p>\n

Survey respondents were somewhat cautious about whether a non-healthcare CEO could be\u00a0more\u00a0successful than an industry veteran.\u00a0 Seventeen percent of respondents thought a hospital CEO hired from another industry would be equally effective as someone with healthcare experience, and nine percent thought an outsider could be more effective.\u00a0 The majority (59 percent) of respondents said an outsider would be less effective.<\/p>\n

“Unsurprisingly, healthcare organizations prefer CEOs with direct healthcare experience,” Ferguson continued. “However, as the healthcare industry experiences challenges ranging from recapitalization to consolidation\u2014as we’ve seen within other industries\u2014healthcare organizations should consider candidates with relevant experience from ‘outside.'”<\/p>\n

A New Mix:\u00a0 Workforce Hiring Trends for 2014<\/b><\/p>\n

The survey also examined hiring trends and found that healthcare industry executives predicted the workforce will remain relatively stable in 2014. While 44 percent of respondents reported their overall staff numbers were likely to decrease in 2014, 39 percent said they were likely to hire more staff and 16 percent anticipated their staffing levels would remain unchanged. No major layoffs or mass hirings were expected by any group.<\/p>\n

\"FPL<\/a><\/p>\n

However, the mix of staff may change. Hiring will be focused on patient care and enterprise management. The largest increases in staffing are expected to occur in care management, with 42 percent of executives reporting they would hire in this function. This was followed by:<\/p>\n

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