B.E. Smith: Rise of Healthcare’s New Leaders
B.E. Smith finds that the Affordable Care Act (ACA) has initiated unprecedented shifts in the healthcare industry. The ACA has transformed how entire healthcare organizations function and how patients are treated. Although overall spending is down, reports believe that health spending as percentage of GDP will continue to increase up to 19.3% by 2023.
The following is an excerpt from the report: “Because population health initiatives require specialized expertise to administer, existing leadership teams need to identify top talent and groom them by encouraging and supporting continuing education for practitioners. Clinical executives must master a suite of new financial, legal, information technology and analytical skills in order to succeed. Leadership teams will continue to expand, so administrations must also put in place robust succession plans in order to avoid leadership gaps and maintain organizational momentum.”
The full report is published on B.E. Smith’s website. Read the full report.