A board can only be as effective as its members. Its vision, direction, and ability to drive change in a healthcare organization depend on the influence of its board members. Therefore, each member of the board should have something to add: a unique perspective, an unmatched expertise, and insights into a group of key stakeholders. [continue reading…]
Blog
The CNO’s Guide to Healthcare’s Site-of-Care Shifts
The healthcare industry is transforming. Procedures that once filled hospital inpatient units continue to migrate to outpatient facilities like Ambulatory Surgery Centers (ASCs) and Hospital Outpatient Departments (HOPDs). This shift toward outpatient care — which represents an estimated $50 billion in surgical volume — demands more than just operational adjustments. For chief nursing officers (CNOs) [continue reading…]
How to Protect Revenue as a $50B Site-Of-Care Threat Looms
In recent years, we’ve witnessed a significant migration of procedures from traditional inpatient settings to outpatient facilities, such as Ambulatory Surgery Centers (ASCs) and Hospital Outpatient Departments (HOPDs). This trend, driven by a combination of patient preference, payer demands, and technological advances, shows no signs of slowing down. In fact, a recent report from Advisory [continue reading…]
Clinical vs. Non-Clinical Leadership: 5 Critical Differences
(And why it matters for your healthcare organization’s strategic direction) Would you use a scalpel as a butter knife? How about a butter knife as a scalpel? While both have blades, they can’t be used interchangeably. Healthcare leadership is no different. Leadership skills in one setting may not transfer to another setting. Butter knives and [continue reading…]
The CHRO’s Healthcare Executive Search Checklist
The healthcare executive search process presents a critical opportunity to advance your organization’s strategic hiring goals. However, it also entails significant challenges. As a Chief Human Resources Officer, you are acutely aware of the profound impact one leader can have on the organization’s direction. It is your responsibility to identify new executives whose strategic [continue reading…]
What Healthcare Private Equity Deals Reveal About Leadership
As interest rates and the cost of financing are anticipated to drop, the second half of 2024 is expected to increase private equity (PE) deal volumes. This deal volume will grow slowly and cautiously for physician practice management (PPM) groups. While many PPMs slated for sales in the last year have struggled to find [continue reading…]
5 Benefits of Interim Executive Management in Healthcare
In any industry, temporary solutions often get a bad rap. They’re seen as quick fixes that enable leaders to kick the can a little further down the road. But is that really all they do? Absolutely not. Both figuratively and literally, temporary solutions—like band aids—can be crucial for stopping the bleeding and providing necessary stability. [continue reading…]
Kirby Bates Associated Named One of Philadelphia’s Top Executive Recruiting Firms for 2024
Kirby Bates Associates is proud to be named to the Top Executive Recruiters Retained Search Firm list by the Philadelphia Business Journal in 2024. Over the past 35 years, Kirby Bates has grown into a national force in healthcare leadership consulting, evolving into a full-service executive consultancy that serves the diverse leadership needs of modern [continue reading…]
Why Specialized Recruiters Win in Healthcare Executive Search
When your healthcare organization needs to find a high-performing leader, the number of search firms available to help can be overwhelming, many backed by teams with incredible talent. However, healthcare’s unique and complex needs require more than simply talent—a specialized firm is most fully equipped to address these challenges effectively. The complexity of the [continue reading…]
Career Advice for Private Equity Healthcare Candidates
The healthcare industry stands alone. Not only is it at the leading edge of innovation and technology, it’s also truly recession proof. These two factors — and enormous opportunities for improvement — have contributed to the industry drawing in nearly $1 trillion in private equity investments in the last two decades. Private equity (PE) [continue reading…]
Healthcare Private Equity Trends and Challenges in 2024
The last four years have ushered in a new paradigm of healthcare deliveries and corporate structures, with a dramatic surge and fall in healthcare private equity (PE) deal value and volumes. According to Troy Keach, Kirby Bates Associates Vice President of Executive Search, “Private equity firms are increasingly interested in the healthcare sector and [continue reading…]
Managing Multigenerational Teams in Healthcare
Healthcare organizations are leading increasingly diverse teams, and age is one element of that diversity. Today, healthcare organizations are composed of as many as four generations — and provide care for as many as seven generations. Diversity has been well-established as a strategic advantage for organizations of all kinds, including in the healthcare industry. [continue reading…]
Five Tips for Addressing Workplace Violence in Healthcare
Workplace violence is not simply an issue for healthcare organizations. For many, it is the issue. Workplace violence (WPV) enormously impacts mission-critical challenges facing healthcare organizations, such as patient satisfaction, staff retention and recruitment, and payer reimbursement. Workplace violence isn’t unique to healthcare organizations, yet healthcare is far and away more impacted by WPV [continue reading…]
Dennis J. Kain: Reflections on 50 years in healthcare
As I retire this month, I can’t help but reminisce on my career in healthcare. First, I am deeply grateful to the thousands of dedicated people who helped educate and collaborate with me since the early 1970s. Overall, my career has two distinct parts, health system leadership and consulting early on, followed by another [continue reading…]
Sparking Action: From Passive to Active Candidates
The search for healthcare executive leadership is a nuanced journey. The absence of executive leadership in healthcare organizations can diminish productivity, dampen morale across the leadership and caregiving continuum, and result in missed strategic milestones at pivotal times. Achieving swift and strategic recruitment is paramount. Recruiting executive leaders often presents challenges in both accuracy [continue reading…]
Five Risks of Hiring the Wrong CIO in Healthcare
As healthcare delivery, reimbursement models, and technology change, the role of a Chief Information Officer (CIO) in a hospital or healthcare organization becomes increasingly important. The CIO used to be thought of as responsible for keeping an organization’s computers going, but today, the CIO role is a leader who’s responsible for protecting the organization against [continue reading…]
How Private Equity Healthcare Organizations Are Different
Healthcare’s unique identity as a recession-proof industry at the forefront of innovation makes it a natural fit for private equity (PE) firms. It’s no surprise that private equity’s presence in healthcare has exploded in the last two decades, having invested nearly $1 trillion in the industry since 2006. However, what stands out even more [continue reading…]
6 Key Candidate Attributes for Private Equity Healthcare Organizations
What’s the difference between your expected ROI and a realized loss? Leadership. In private-equity-backed healthcare, success and failure ultimately hinge on leadership and your executive’s ability to carry out a strategic plan. The private-equity-led deal volume has exceeded $750 billion in the last decade alone. As PE-backed investments in healthcare continue, the complexities of [continue reading…]
Why Passive Candidates are Vital to Healthcare Executive Search
The traditional method for filling a healthcare executive role follows this process: The role opens and is posted to a handful of industry-specific job boards, often at great expense to the hiring organization Applications flow, or alternatively, trickle in The applications are sorted Interviews take place, the pool is narrowed down, and eventually an [continue reading…]
How to Overcome the Challenges of Hiring the Right Healthcare CIO
The Chief Information Officer (CIO) role can be challenging to fill even for the most prestigious healthcare organizations. Navigating the recruitment process for a CIO and other executive level technology leaders within the healthcare sector requires strategic considerations tailored to the industry’s unique demands. Kirby Bates Associates has developed strategies that assure recruitment of [continue reading…]