ACOs Offer Opportunities for Physician Executives
“We are hearing from search consultants that about 20% of their C-suite placements are going to physician executives,” explained Don Hutton, president of MEDI, a Jacksonville-Fla.-based executive placement and leadership development firm.
He says accountable care organizations are a big draw for physicians. “Hospitals and health systems want physician leadership for their ACOs because much of what needs to be accomplished under healthcare reform will need to be physician-driven.”
Hutton pointed to goals such as improving clinical outcomes and lowering medical costs that need strong physician leadership to be achieved.
While demand for physician executives is growing, Hutton said it’s still hard to find physicians who fit the executive mold.
Last year MEDI teamed with researchers in the University of North Florida’s health administration program to try and quantify the core competencies for physician executive leadership. An online survey of 4,000 healthcare executives and physicians across the country produced a list of 12 behavioral characteristics that were deemed most important for a physician executive leader to possess to be successful.
The list includes the usual suspects: integrity; trust and respect; ability to develop relationships; communications skills; and judgment. But it also brings a twist to other competencies that might be difficult for some physicians to fully embrace, including:
Conflict management. Ability to deal with conflict by encouraging the expression of different viewpoints and to collaboratively resolve conflict.
Accountability: Ability to hold leaders and employees accountable for their actions and establish a culture of fair accountability that allows for mistakes when innovating.