executive

Create a Wildly Effective Annual Management Plan

2017-05-10T04:56:09-05:00

My practice partner and I had been working together for about a year in our small family practice. A medical equipment salesperson approached us promoting a new device that would surely bring in additional practice revenue. After considering the purchase, we decided to proceed. We signed a loan agreement and purchased the device. It would take 5 years to pay back the loan. We were convinced the device would generate procedures that would easily cover the loan payments. Eighteen months [...]

Create a Wildly Effective Annual Management Plan2017-05-10T04:56:09-05:00

How to Evaluate Direct Reports

2017-03-21T16:03:18-05:00

Julie waited patiently in the small waiting area in the administrative suite. As the Director for Inpatient Nursing Services , it was time for her biweekly meeting with Patricia (Pat), the Chief Nursing Officer. Pat opened the door to her office and motioned for Julie to come in and sit down. As she did, Pat recalled the lecture she attended the previous year about how to evaluate direct reports, and the subsequent adoption of their new process. It was [...]

How to Evaluate Direct Reports2017-03-21T16:03:18-05:00

Why the Hospital Pharmacy Director Should Report to the Senior Physician Executive

2017-02-06T13:21:12-06:00

Each hospital CEO must determine which departments should logically report to each senior executive. Historically, the vice president for medical affairs or chief medical officer was hired to address the medical staff and its governance, continuing medical education and quality improvement. But there is another department head that should report to the senior physician executive of a hospital: the hospital pharmacy director.   Pharmacy Medication administration is one of the most important functions of a hospital. Safe, effective and [...]

Why the Hospital Pharmacy Director Should Report to the Senior Physician Executive2017-02-06T13:21:12-06:00

Interview with Jeremy Blanchard from Language of Caring

2017-01-11T16:12:07-06:00

One of my favorite pastimes is to listen to interviews on podcasts like the Tim Ferris Show (of The 4-Hour Workweek fame). I also like to read written interviews such as the recent one by Physician on Fire with Jim Collins. After starting this blog, I began to wonder if an interview might be of interest to my readers. One of the subgroups of my audience is physicians who are just starting or considering a career in management. I therefore decided to [...]

Interview with Jeremy Blanchard from Language of Caring2017-01-11T16:12:07-06:00

Become a Physician Leader and Save the Medical Profession

2016-11-17T08:23:27-06:00

In the 1950’s, one-third of hospitals were run by a physician leader. By 1982, less than 3% were physician-led. That number is running about 6% now. And the healthcare industry has been in the throes of major changes. One of the consequences has been the growing employment of physicians. The expansion of this employment model is having serious negative effects on our profession. Physicians have become commoditized. Today, we seem to be treated more like run of the [...]

Become a Physician Leader and Save the Medical Profession2016-11-17T08:23:27-06:00

Attitudes You Should Drop Now to Succeed as a Leader

2016-10-22T15:55:55-05:00

As physicians, we easily fall into the trap of blaming outside influences (e.g., insurance companies, regulators and big hospital systems) for our daily frustrations. We become quietly resigned to long hours and declining payments. Paradoxically, because we write “orders” we also become accustomed to having things our way in our offices and hospitals. But as emerging physician executives, we must reject these attitudes in order to successfully lead. The Surprise I was meeting with one of my direct reports and it looked like I [...]

Attitudes You Should Drop Now to Succeed as a Leader2016-10-22T15:55:55-05:00

Six Signs of Lack of Trust in the C-Suite

2016-10-22T15:53:39-05:00

A primary skill that a new physician executive needs relates to working in teams: to effectively lead teams and to be an able team member. Lack of trust will kill the effectiveness of an executive team. If team members aren't comfortable with expressing their truths, the team will perform poorly. The definition of trust that we used in our executive team followed the definition given by Peter Lencioni in The Five Dysfunctions of a Team: A Leadership Fable. It basically centered around developing a team [...]

Six Signs of Lack of Trust in the C-Suite2016-10-22T15:53:39-05:00

Five Reasons to Become a Hospital Executive

2016-11-13T12:19:24-06:00

I was very anxious to hear the results of the election. I was nearing the end of my second year of family medicine residency. I had adjusted to the stress of changing clinical rotations every 4 to 8 weeks. I was starting to feel more confident with the clinical material. But I was drawn to leadership opportunities. At our program, the chief resident was elected by the other residents. I “ran” for the position against one of my good friends in [...]

Five Reasons to Become a Hospital Executive2016-11-13T12:19:24-06:00

When to Use a SWOT Analysis

2016-08-09T05:47:43-05:00

As a physician executive, you will participate in strategic planning, goal setting, and project management. As a business leader, you will need to assess the risks and benefits of pursuing various new initiatives. One of the tools used by business leaders to do such an assessment is a SWOT analysis. SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. The  development of the SWOT Analysis (or Matrix) has been attributed to Albert S. Humphrey, although he disavowed having invented [...]

When to Use a SWOT Analysis2016-08-09T05:47:43-05:00
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