From keeping the workforce strong to maintaining a healthy bottom line, there's plenty to consider for the topmost execs.
Many of the same challenges hospital CEOs have reckoned with for years remain at the forefront in 2024. Through the ebbs and flows, the biggest question for leaders continues to be, ‘How do we solve for those challenges better?’
Here are three pain points that CEOs will be diving into at next week’s HealthLeaders CEO Exchange, where the hospital decision-makers will convene to share strategies and ideas to improve best practices:
Fiscal sensibility
Unforgiving financial headwinds have further put an emphasis on efficiency and optimization, forcing CEOs to evolve their approach to both survive and grow.
So how are execs holding other leaders accountable for financial stewardship and achieving efficiencies in portfolio management? CEOs now need to think outside of the box, so what new areas are you looking at to save money?
Pictured: Attendees discuss operational pain points during the 2023 CEO Exchange.
Technology
Maybe no area of focus for CEOs has changed more in recent years than technology, which continues to outpace healthcare’s adoption of it.
Can execs be ahead of the curve? If not, can they at least not fall behind the curve completely to the point where new technology is passing them by?
Innovation should be at heart of any CEO’s long-term vision right now, but it requires a commitment to investing resources and a willingness to potentially fail and learn from those failures.
Technology is unlikely to ever replace the workforce completely in healthcare, so how can you make it work in concert with staff in a supplementary way that gets the most out of everyone?
Physician workforce
Speaking of the workforce, recruiting, retaining, and promoting physicians specifically is a major talking point at the moment.
A hospital can’t thrive without its talented physicians, but creating an environment where they want to practice in is becoming more challenging, as unions and strikes across the country are demonstrating.
Attracting physicians and having strategies in place to avoid them feeling burned out or devalued is only part of the equation, however. As a CEO, how are you also training them to be effective leaders so they can be part of the decision-making process alongside you?
These questions and more will be asked next week at the CEO Exchange. Follow HealthLeaders for more coverage of the event.
Our Spring 2024 CEO Exchange is May 20-22 at The American Club in Kohler, Wisconsin.
Are you a CEO or executive leader interested in attending an upcoming event? To inquire about attending the HealthLeaders Exchange event, email us at exchange@healthleadersmedia.com.
The HealthLeaders Exchange is an executive community for sharing ideas, solutions, and insights. Please join the community at our LinkedIn page.
Jay Asser is the CEO editor for HealthLeaders.
KEY TAKEAWAYS
CEOs have their work cut out to keep their hospitals and health systems running smoothly in the current landscape.
Leaders at the upcoming HealthLeaders CEO Exchange will discuss how to push their organizations forward by tackling key financial and operational areas.